The average credit card debt in America is $6,028 per person. We dive deeper into the facts behind this number. Read on to see how you compare.
With student loan debt topping $1.745 trillion as of June 2024, you might be wondering if there’s a relationship between average income and education. There is: Median weekly earnings in 2019 The sexes are combined and separated into four categories – less than high school, high school gra...
If your score is between 580-669, your rating is fair, but you're still considereda subprime borrower. As a landlord who checks credit scores, I've seen doctors right out of medical school with scores in the low 600s due to massive debt and a short credit history. It's only after y...
The IRS said it's issuing bigger tax refunds compared with a year earlier, signalling a potential boon for Americans who rely on their annual refund to help pay down debt, start an emergency fund or deal with rising costs. As of February 16, the average tax refund is $3,207, the IRS...
In 2020, Americans held a balance of $323.5 billion in personal loans (source). Even a modest variation in interest rates could have a significant impact on the debt of American consumers. To illustrate, let’s assume that $323.5 billion balance has an average term of 36 months and a 13.5...
I recognize this is imperfect but so is making decisions based on what everyone else is doing. Remember that this data is a view of American’s net worth, their income, etc. It’s not meant to paint the picture of an ideal financial situation. The average credit card debt is still five...
Failing to comply with the loan agreement may result in legal trouble. What is a good interest rate on a personal loan?A good interest rate for a personal loan will be lower than the national average, which is currently 12%. Your credit score, debt-to-income ratio, and employment ...
and there’s a 3100 MW pipeline backlog. Most projects are debt-heavy (70-80 percent), but equity-funded solar installations achieved permitting to generate LCOEs of $0.12-$0.18/kWh, cost-competitive with other forms of energy generation. Chile’s mining sector produces a third of the world...
Francis, David R
The laws of economics cannot be ignored forever. The federal government is now 28 trillion dollars in debt, we are in the midst of the greatest corporate debt binge of all time, and U.S. consumers continue to go into debt as if tomorrow will never arrive. ...