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More Americans Debt Free, But Seniors Struggle

March 22, 2013

Tim Mullaney reports that according to new census data, more Americans are debt free, but for those with debt, their total indebtedness has increased 40%! Unfortunately, the biggest increase is among seniors. The percentage of U.S. households carrying any debt dropped to 69% in 2011 from 74% in 2000, the government reported. But the median […]

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Consumers Are Having an Easier Time Paying Debt

April 5, 2012

Further signs that the economy is improving. Timely repayments improved on all 11 of the consumer loan categories tracked by the American Bankers Association in the final quarter of last year, the first time that has happened since 2004, according to the organization’s chief economist.

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