The number crunchers over at the Federal Reserve monitor how much of the nation’s disposable income goes toward household debt payments. As it turns out, the average American is spending almost 10% of their monthly income on debt payments. (Surprised? Neither are we.)
September 30, 2024 marks the official end of the Student Loan On-Ramp, a period in which student loan borrowers were protected against the more severe consequences of missed federal student loan payments.
Loud Budgeting can enhance financial awareness and accountability, ultimately leading to better financial decisions and outcomes.
As of 2023, the Federal Reserve reports that the average American carries $6,271 in credit card debt.
As summer hits its stride, the idea of financially preparing for the holidays might feel like overkill. Consider this: money is the most cited source of stress during the holidays, with 58% of US adults worrying about overspending or not having enough money.
Independence has unique context and meaning for each of us. Regardless of what label best fits this particular stage in your life—employee, parent, student, teacher, or traveler—having a sense of financial safety makes a big impact on the quality of our life. We all deserve to feel secure in our financial future.
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