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…
If current financial trends continue, middle-class Americans may find things they used to afford unattainable. Over the next five years, housing, healthcare, and transportation could exceed the budget of average earners. Though this trend is troubling, there are things that can help, like solid financial planning and changes to government policies affecting the middle class….
Many Americans have misconceptions about poverty. And worse, misinformed opinions. But here’s the thing: You might be poor even though you don’t see yourself that way. Britannica Dictionary defines poor as not having enough money to fund basic items that one needs “to live properly.” According to that definition, it isn’t unreasonable to say that…
