Mark Zandi, chief economist of Moody's Analytics, also noted the impact of credit card defaults on low-income groups.

A s we step into the new year, many Americans are grappling with the financial aftermath of holiday spending layered on top ...

The CIBC poll indicates that Canadians are making debt repayment their top financial priority in 2025. This trend reflects growing concerns over high interest rates, inflation, and financial stability ...

The rising credit card default reflects the worsening economic situation of low-income ... how the 14-year high in credit card debt will impact the economy in 2025. Enditem Follow China.org.cn ...

Vice President Harris announced a final ruling by the Consumer Financial Protection Bureau to remove $49 billion in unpaid ...

The Fed has been pushing down borrowing cuts since September, yet mortgage rates remain close to 7%. Here's what to expect in ...

The economy has a significant impact on travel, and here's a breakdown of how economic factors influence the industry.

Many Americans are starting 2025 carrying unmanageable credit card debt. The credit card default rate has hit its highest ...

The Prabowo Subianto administration has announced an ambitious economic stimulus package for 2025, aimed at softening the ...

NerdWallet’s annual report shows that household credit card debt growth has slowed, and the gap between wages and cost of ...