By Alicia Wallace, CNN Business Minneapolis (CNN Business) – Heading into the all-important holiday shopping season, American consumers still aren’t feeling very confident about the state of the US economy. The University of Michigan’s consumer sentiment index landed at 56.8 in November, up from the preliminary reading of 54.7 measured
By Andrew Osterland, CNBC Few things cause more financial distress and anxiety than a large slug of high-interest rate credit card debt. Millions of Americans of all income levels carry large balances on credit cards that charge very high interest rates. According to Federal Reserve data, the average annual percentage
By Vivekanand Jayakumar, The Hill Once again, U.S. consumers are sharply reorienting their spending patterns — the two-year-long pandemic-induced spending splurge on durable goods appears to be waning just as pent-up demand for services takes off. Despite inflation remaining near 40-year highs, overall consumption expenditure in the U.S. remains quite
By FTC If your credit, ATM, or debit card is lost or stolen, federal law limits your liability for charges made without your permission, but your protection depends on the type of card — and when you report the loss. Report Loss Or Theft Immediately If your credit, ATM, or debit
By Diana Olick, CNBC After a Labor Day week lull, demand for mortgages rose sharply last week from homeowners and homebuyers. Total mortgage application volume was up nearly 5% for the week, according to the Mortgage Bankers Association’s seasonally adjusted index. Mortgage interest rates, however, didn’t move, and haven’t for
Description: No money, no love. Can’t make love on an empty stomach. No matter the point in time, money problems and financial difficulties are always at the center of discord. It affects our bottom line, health – mental, physical and emotional – and our relationships. Now, we have the added
It may seem like there is never a good time to file for bankruptcy, but with the holidays sneaking upon us, it may seem like now is one of the worst times. If you’re struggling financially, money can be the last thing you want to think about during a time
By Jameliah Francis Habits are developed over time and can be extremely difficult to break. It’s even more difficult when it involves spending money, especially during the holiday season. The shopping list may be exhaustive, with a variety of gifts for friends and loved ones and items for the home.