Since college costs are rising, numerous recipients of student loans are facing higher debt. With a typical student loan debt of around $30,000, many people find it difficult to make ends meet while also making loan payments. Borrowers’ ability to plan for retirement or buy a home may be significantly hampered by this debt, which … Read more
Consumer debt increased $17.9 billion from May to June as an American Credit Card crunch brought on by the Federal Reserve rate rise drove a sharp gain in outstanding American Credit cards for payments like car loans and house loans. The average American credit card charge is a 20.53% interest rate During the second … Read more
NEW JERSEY – The COVID-19 pandemic drastically affected American purchasing habits. Social distance and stay-at-home instructions resulted in a shift away from transportation, restaurant, and entertainment expenses in the early days of the pandemic. Rising Inflation And Interest Rates Increase Credit Card Debt And Interest Rates Consumer expenditure has since recovered, although rising inflation has … Read more