With consumers’ finances under pressure due to inflation, the personal-finance website WalletHub today released two key reports highlighting additional hurdles to watch out for. For starters, WalletHub’s Credit Card Debt Study found that consumers racked up $87.3 billion in new debt during 2021. In addition, WalletHub’s Fed Rate Hike Report
With the economy still on shaky ground as a new Covid variant emerges during the holiday shopping season, the personal-finance website WalletHub today released its report on 2022’s Cities with the Most & Least-Sustainable Credit Card Debt in addition to its latest Credit Card Debt Study. Most-Sustainable Credit Card Debt
With Americans having started 2021 off with nearly $900 billion in credit-card debt, the personal-finance website WalletHub released its report on the States with the Highest & Lowest Credit Card Debts, as well as accompanying videos and expert commentary. We drew upon data from TransUnion, the Federal Reserve, the U.S.
After a record-setting year for credit card debt reduction in 2020, U.S. consumers maintained their strong performance during the first quarter of 2021, paying off $56.5 billion in credit card debt, according to the personal-finance website WalletHub’s latest Credit Card Debt Study, released today. Although credit card debt levels are
While 2020 was a year to forget in most respects, Americans excelled in terms of paying off credit card debt, getting rid of a record $82.9 billion in debt, according to the personal-finance website WalletHub’s latest Credit Card Debt Study, released today. This is a major accomplishment, considering that consumers
With the economy showing signs of life despite the ongoing impact of the coronavirus pandemic, WalletHub’s new Credit Card Debt Study revealed that U.S. consumers paid down $118 billion in credit card debt during the first half of 2020 – an all-time record. This record reduction in credit card debt