Using coronavirus relief to pay down credit cards

Aug 6, 2020
Credit card debt was down by $76 billion in the second quarter, the steepest decline in card balances since tracking started.
The changes in household debt in the second quarter were driven by a decline in credit card balances as consumer spending dropped.
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Consumer spending rises, along with consumer debt

Aug 30, 2019
The U.S. Commerce Department delivered new evidence on Friday that the American consumer is helping to fuel economic growth.
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U.S. household wealth hits record high

Jun 7, 2019
A new report from the Federal Reserve finds the net worth of American households and nonprofits reached almost $109 trillion.
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Millennials, like Baby Boomers, struggle with lifelong debt

Jan 21, 2019
A recent survey points out that one in 10 millennials thinks they will die in debt. Click the audio player above to hear the full story.
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Household debt is at an all-time high as holiday spending season arrives

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Nov 20, 2018
The total debt carried by Americans has reached yet another record high — $13.5 trillion in the last quarter, according to the Federal Reserve Bank of New York. Household debt is now $837 billion higher than its previous peak in…

Save more or owe more?

Feb 22, 2018
With wages and incomes up, more Americans say they are saving for a rainy day. But it might be wiser to use the money to pay down debt. Marketplace’s Aaron Schrank explains. Click the audio player above to hear the…

Debt burden a worry for many Americans

Jan 12, 2018
The economy is ticking along and investors seem confident but a new report from Creditcards.com has some sobering findings. It says two out of three Americans with debt aren’t confident they’ll ever be able to fully pay it off. Click the…

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Amazon adds student loans to its offerings

Jul 21, 2016
A deal with Wells Fargo gives some Prime members a discount on interest rates.
An Amazon warehouse in the U.K.
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Consumer debt continues to climb

Jun 7, 2016
Consumers are more willing to spend now and pay later — a sign of increasing confidence, and possibly recklessness as well.
Consumer credit surged to $3.59 trillion in March.
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