Some Americans proudly boast about their credit scores; others get anxious thinking about them. As a nation, Americans appear not to be afraid of taking out debt. By the end of 2023, we accumulated $17.1 trillion in consumer debt, a 4.4% increase from 2022. That said, the interest rates Americans received on that $17.1 vary…
An increased cost of living is taking a toll on many Americans. But if you live in or are considering moving to one of these most expensive cities in the United States, your bank account might feel an even tighter pinch. U.S. News & World Report gathered data from their personal internal resources, the U.S….
Gas prices are a foe for many American consumers. Though they occasionally drop to manageable levels, they seem to be heading in the wrong (higher) direction most of the time. The strife Americans feel every time they pull up to the pump is nothing new. Gas prices have had peaks and valleys since World War…
Some states have a reputation for being well-off. Others are known for having lower incomes. But how do Americans’ perceptions of wealthy and poor states measure up to cold hard data? World Population Review took on the task of ranking states according to each state’s gross domestic product (GDP). That means they honed in on…
A high cost of living is quickly becoming an everyday concern for Americans. According to the U.S. Bureau of Labor Statistics, the consumer price index rose by about 0.4% in March of this year. The cost of living continues to rise for Americans, but certain states have a higher cost of living than others. To…
Let’s start with the good news: Consumer debt grew at a slower rate in 2023 than in 2022. And now, for the not-so-great news: Personal debt still increased by 4.4% in 2023. Consumer credit reporting company Experian ran a study shedding light on numerous aspects of personal debt among Americans. For the purposes of their…
Here’s a sobering statistic: Consumer debt in the U.S. increased by 4.4% between 2022 and 2023. The total amount of debt Americans owe? $17.1 trillion. While the majority of that $17.1 trillion is tied to mortgages, $1.07 trillion is in credit card debt, which is traditionally considered among the worst kind of debt. That represents…
Americans held $17.1 trillion in debt in 2023, a 4.4% increase from 2022. While over 11 trillion of that amount is in the form of a mortgage, which is largely viewed as a good kind of debt, the average credit card debt Americans hold increased by 17.4%. Experts at Experian believe credit card balances have…
Not so long ago, tipping used to mean a customer rounding up their check at a restaurant if they were happy with the service they received. Now, it can mean being shown an iPad with extravagantly high tip recommendations for simple purchases. Pew Research Center dove into what’s changed about Americans’ views of tipping and…
Americans are no strangers to debt, with the average individual owing $21,800 in non-mortgage debt in 2023. Nevertheless, you can bet your bottom dollar that some debt-carrying Americans believe these myths about debt. Mindfully American dug into research and read people’s opinions on the concepts they hold true about debt. The result is this list…
