The average American household credit card balance as of the third quarter of 2024 was about $10,757 after adjusting for inflation, according to a new study.
The personal-finance website WalletHub on Friday released its new Credit Card Debt Study, which found that consumers added $21 billion in debt during the third quarter of 2024.
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A new analysis conducted by WalletHub shows which retailers are offering the best discounts for this year’s Black Friday.
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Minnesota had the sixth lowest decrease in unemployment claims since last week, WalletHub reported Thursday.
Across the country, new unemployment claims decreased 7.3% week-over-week March 27 amid high inflation and threat of a recession, the report said.
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Household debt across the country is sharply on the rise, with U.S. households now collectively on the hook for about $17 trillion in total. The average family holds about $142,680 in debt, according to a new WalletHub report.
All told, the personal finance website concludes that 2022 ended with Americans roughly $320 billion more in total debt than they were at the start of the year. During the fourth quarter alone, consumers added at least $398 million in new debt, the fourth highest build-up for a fourth quarter over the past two decades and more than four times larger than Q4 2021.
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Minnesota is the third most charitable state in the U.S., according to a new report from WalletHub.
WalletHub divided 19 metrics into two categories in the report released this week. Minnesota ranked third for volunteering and service, and it ranked seventh for charitable giving. Overall, the North Star State falls behind Maryland and Utah.
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While Minneapolis tops WalletHub’s ranking for best cities for people with disabilities, St. Paul comes in 14th.
WalletHub released its “2022’s Best & Worst Cities for People with Disabilities” report on Tuesday. In the report, WalletHub assessed physical and economic challenges of managing a disability by analyzing 34 indicators of disability-friendliness in 182 cities that related to three equally weighted categories: economy, “quality of life” and health care. WalletHub selected the 150 most populated U.S. cities and at least two of the most populated cities in each state.
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While Minneapolis tops WalletHub’s ranking for best cities for people with disabilities, St. Paul comes in 14th.
WalletHub released its “2022’s Best & Worst Cities for People with Disabilities” report on Tuesday. In the report, WalletHub assessed physical and economic challenges of managing a disability by analyzing 34 indicators of disability-friendliness in 182 cities that related to three equally weighted categories: economy, “quality of life” and health care. WalletHub selected the 150 most populated U.S. cities and at least two of the most populated cities in each state.
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As inflation rose last year to a 40-year high, Americans’ credit card debt also soared, according to analyses published by the personal-finance website WalletHub.
In its Credit Card Debt study, Wallethub found that consumers racked up $87.3 billion in new debt in 2021. During the fourth quarter of 2021, debt increased by $74.1 billion, the largest increase ever reported, Wallethub notes. It was also a 63% larger increase than the post-Great Recession average for a fourth quarter.
By the end of 2021, the average household credit card balance was $8,590. “That’s $2,642 below WalletHub’s projected breaking point,” the report states.
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About 35 million Americans still have holiday credit card debt leftover from last year, according to WalletHub’s 2019 Holiday Shopping Survey.
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