Middle-Class Spending Power Increases In July
A new household budget index from Primerica showed that spending power among middle-income households in the U.S. increased to 97.5% in July; a 0.5% rise from the previous month. This suggests that those households generating between $30,000 and $130,000 a year are coping better financially...
Credit Card Debt Surpasses $1 Trillion for the First Time Ever According to New York Fed
The credit card debt in the United States has surpassed $1 trillion for the first time in history, according to a recent report by the Federal Reserve of New York.
The report states that the credit card debt in the second quarter of 2023 came...