Debt

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.

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.

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.

It’s been harder for lower- and middle-income households to afford higher food, rent and gas prices without getting into debt.

Mortgage debt has grown 30% since before the pandemic. But the majority of mortgage debt holders have rates below 5%.

Unwinding the debt-burdened company will likely create large losses among creditors and could trigger some capital flight.

Delinquencies are up, especially for people with lower incomes and multiple types of debt, according to the New York Fed.

Debt levels are rising and interest rates remain high. Delinquencies are also on the rise.

Low and middle-income nations spent $443.5 billion on principal and interest in 2022, says global lender. Many defaulted in recent years.

Just before the pandemic, the New York Fed found that about 9% of people had bills that ended up in collections. Now, less than 5% do.