People are most concerned about prices rising faster than income and using credit cards to cover necessities.
According to a NerdWallet report, more Americans are concerned about increasing debt. Culprits of rising debt include credit cards and buy now, pay later offers.“Americans are definitely spending more, not because they necessarily want to, but because they have to,” said Sara Rathner, a personal finance expert with Nerd Wallet.
Buy now pay later also contributes to debt numbers, as about 20 percent of Americans say they've used the service in the past 12 months. “There are many consumers who, unfortunately, have not been able to make their payments on time for these plans, and sometimes it can be a result of having multiple buy now, pay later plans going on at the same time,” said Rathner. “That means a lot of money is automatically coming out of your bank account, and you just want to be careful before you enter into these agreements to make sure that you have the money available to make these payments when they're due.
She says for big purchases, a better approach could be using a credit card with rewards so you can get some of that money back.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Low-income people reported fewer symptoms of anxiety, depression after receiving expanded child tax creditA new study adds to the body of research showing the positive effects the payments may have had in a short time.
Leer más »
Advice | Air travel is a mess. Consider a travel backup plan.How alternate flights, travel insurance and credit cards can save your travel day.
Leer más »
Lightfoot campaign, desperate for volunteers, asks teachers to offer 'credit' to students who join: reportChicago Mayor Lori Lightfoot's team asked Chicago Public Schools to offer 'class credit' to students who volunteer for her re-election campaign.
Leer más »
Americans are piling up credit card debt — and it could prove very costlyThe average credit card user was carrying a balance of $5,474 last fall — up 13% from 2021. As interest rates climb, that debt costs more. Here's what you should know.
Leer más »
Top Credit Suisse shareholder cuts stakeOne of Credit Suisse's large shareholders, Harris Associates, has reduced its stake in the bank by roughly half to about 5%, according to regulatory filings, as the Swiss bank struggles to regain the confidence of investors.
Leer más »
Houston hit hard with credit card skimming: Found on gas pumps, in grocery storesA new financial crime-fighting unit in Texas says it prevented nearly $50 million in fraud.
Leer más »