literacy

Older Americans Struggling with Rising Credit Card Debt in the U.S.

7 hours ago

According to a recent AARP survey, older Americans are increasingly accumulating credit card debt to cover their everyday expenses. This alarming trend highlights the financial issues many retirees are facing in the country.

Scams Targeting Retirees: How to Spot the Fraud

8 days ago

Recently, there has been a rise in fraudulent schemes targeting older adults in the United States, particularly those who are nearing retirement or are already in that stage. Scammers are employing various tactics to lure individuals in with promises of easy work and extra income, but their intentions are far from benign.

American Credit Card Debt Reaches Record Highs

20 days ago

Recently, a troubling trend has emerged in the United States: credit card debt and the overall level of household debt among Americans have reached historical highs. Experts warn that households are facing increasing financial burdens, with many beginning to struggle with repaying their debts.

Surge in U.S. Credit Card Defaults Reaches Highest Level in 14 Years

2 months ago

In recent months, the United States has witnessed a sharp increase in credit card defaults, reaching a level not seen in a generation. According to the latest data, the default rate for credit cards in the country rose to 2.7% in the third quarter of 2023. This marks the highest level since the third quarter of 2009, raising concerns about the financial stability of consumers amid rising costs and inflation.