What the bond market's telling us, and not telling us, about President Biden's withdrawal

Jul 22, 2024
The market is especially tuned in to whether we will have a divided government after the elections.
If Kamala Harris, left, becomes the Democrats' candidate and discusses her economic policies during the campaign, the bond market may take notice. But many investors don't expect either party to reduce the country's debt.
Kevin Dietsch/Getty Images

Americans added more than $11 billion of consumer debt in May

Jul 9, 2024
The amount includes money owed on things like credit cards, auto loans and student loans. Delinquencies are also rising.
Loan delinquencies 90-days or more past due are now the highest in more than a decade. 
anchiy/Getty Images

Credit card delinquencies are up year-over-year, but that's not the whole story

Jun 19, 2024
A more detailed look at the numbers reveals a more complex picture about Americans' debt.
While wealthier consumers are paying down debt, which boosts their credit scores, lower-income consumers are struggling to keep up with payments.
Olivier Douliery/AFP via Getty Images

Buy now, pay later programs — useful tool or slippery slope?

Jun 18, 2024
At a time of high prices and interest rates, BNPL offerings are tempting. But they could lead vulnerable consumers into a debt spiral.
BNPL users generally carry more debt and have less money in the bank, according to research from the Boston Fed.
Getty Images

Americans go into debt — this time for groceries

May 17, 2024
More than a quarter of Americans used a credit card to buy groceries last year and did not pay off the balance when it was due.
PeopleImages/Getty Images

Gen Z is taking on more credit card debt

May 9, 2024
The credit bureau TransUnion is out with a report showing that borrowers aged 22 to 24 are carrying an average of $2,834 in credit card debt — about a quarter more than millennials in the same age range a decade ago.
Adjusted for inflation, members of Gen Z ages 22 to 24 are carrying roughly a quarter more debt than millennials in the same age range a decade ago.
Matt Cardy/Getty Images

Navigating the stress of emotional debt

Apr 16, 2024
New York Times' best-selling author Michael Arceneaux discusses his personal journey with debt and the importance of letting go of the shame often attached to it.
"With the psyche of debt and how much debt impacted every facet of my life, some of that really did bleed into me," said author Michael Arceneaux.
Boris Zhitkov/Getty Images

For public good, not for profit.

Health and Wealth: Why Americans are drowning in medical debt

Almost a third of all working adults in the United States are carrying some kind of medical debt — that’s about 15% of all U.S. households.
Medical debt is the leading cause of bankruptcy in the United States and affects almost a third of working Americans.
DNY59/Getty Images

Even as hourly wages outpace inflation, rising prices take a bite

Mar 12, 2024
It’s been harder for lower- and middle-income households to afford higher food, rent and gas prices without getting into debt.
“We see higher wage growth since the recovery. But if people are working less, their total earnings are still less than inflation,” said ADP's Liv Wang.
Justin Sullivan/Getty Images

Is rising mortgage debt a bad sign for the economy?

Feb 12, 2024
Mortgage debt has grown 30% since before the pandemic. But the majority of mortgage debt holders have rates below 5%.
"When you take mortgage debt as a share of income, it’s still relatively manageable," said Wells Fargo's Shannon Grein.
Justin Sullivan/Getty Images