About 20% of young adults with a credit report have debt in collections, report shows. As a group, they may face higher borrowing costs.

The personal saving rate declined in October to its lowest point since 2005. “A lot of people are close to the edge, unfortunately,” an analyst says.

Their debt levels are rising as the holiday shopping season ramps up. It helps that unemployment is low.

Here’s why it’s rising, and what it says about consumers’ finances.

That’s the biggest year-over-year increase in 20 years. Inflation is just part of the reason.

After reaching a record high of nearly 34% early in the pandemic, the savings rate has dipped below its pre-pandemic level.

Even though they’re pessimistic about the economy and economists worry about a recession.

Credit Counselors can work with banks to bring down interest rates in order to get debt paid off.

Americans have a $860 billion credit card balance, according to the Federal Reserve Bank of New York.

Survey finds that people 40 and under are more likely than those who are older to have more credit card debt now than they did a year and a half ago.