CNN Underscored examines financial products like credit cards and bank accounts based on their aggregate value. We may receive a commission if you apply and are approved for a product, but our reports are always independent and objective. According to Experian’s 2021 Credit Report, U.S. consumers with credit card debt have an average balance of […]
Britain’s richest 10% own nearly half of all the country’s wealth, according to pre-pandemic data, even as inequality has remained stable for the 14 years leading up to March 2020. A tenth of households held 43% between April 2018 and March 2020, data from the Office for National Statistics showed today, which revealed huge differences […]
Some 12,500 Seattle residents received inaccurate electricity bills this week, reflecting charges roughly twice as high as their actual balances. Magnolia resident Michele Marchi was “shocked” when the fortnightly bill she received from Seattle City Light this week was around $ 720, down from around $ 240 in the last billing cycle and around $ […]
Legendary fund manager Li Lu (whom Charlie Munger supported) once said, “The biggest risk in investing is not price volatility, but the possibility that you will suffer a permanent loss of capital. So it seems like smart money knows that debt – which is usually involved in bankruptcies – is a very important factor, when […]
Online shoppers need stronger collateral to protect them from BNPL (buy now, pay later) products as many don’t realize it’s a form of debt, a watchdog warned. What ? said that “most” of the 30 BNPL users surveyed did not view the programs as a form of credit, meaning they could unintentionally expose themselves to […]
Image source: Getty Images Spending less money could be your ticket to a myriad of financial goals. Key points A recent survey shows that many consumers want to cut spending in the New Year. Staying on a budget, setting priorities, and being savvy about shopping online can help reduce your spending as well. It’s common […]
Mayor Greg Fischer has approved two bills he says will solve public safety concerns and strengthen municipal services. On Tuesday, Fischer signed a mid-year budget adjustment, investing millions to try to make Louisville safer. It was approved last month by the entire metropolitan council. The city will spend approximately $ 17.5 million to raise the […]
Image source: Getty Images It pays to use good judgment when it comes to over-the-top financial advice. Key points No one is successful 100% of the time. Relying on more than one source for financial advice may be the best bet. Whether you love him, hate him, or haven’t heard his name before, Dave Ramsey […]
If you’ve been shopping recently, you’ve probably been offered the option to “buy now, pay later” (BNPL) – in other words, split your transaction into installment payments. Getting extra time to pay might seem like a good deal if your budget is tight, but going this payment route may not be risk free for your […]
SIOUX FALLS, SD (KELO) – The Biden administration has decided to extend the break in student loan repayments until May 1. This is a further extension of the moratorium that began in March 2020 due to the pandemic. Undergraduates in the United States have an average student loan debt of $ 30,000. That’s an average […]