Since the Diner’s Club card first became available in 1950, Americans have been enamored by the concept of the credit card. Additional creditors like American Express followed suit soon after, kickstarting America’s love affair with credit. While credit cards are convenient and provide consumers with additional purchasing power, it’s easy for your financial situation to …
U.S. Credit Card Debt Statistics & Data – Updated 2020 Read More »
If you’re dealing with financial struggles that have you considering bankruptcy, it’s common to feel like you’re alone in the world. But, hundreds of thousands of Americans declare bankruptcy each year. While many people tend to look at bankruptcy as the result of reckless spending and poor financial management, bankruptcy statistics show that most filings …
While it’s a relatively new financial concept, the concept of microfinance is incredibly powerful. Microloans and other forms of microfinance may have the power to reduce global poverty while providing much-needed financial services to a sector of people that are most commonly underserved by traditional financial products. Not to be confused with predatory payday loans, …
Microfinance, Microlending and Microcredit Statistics – Updated 2020 Read More »
Now more than ever, Americans are drowning in debt. Prior to the Great Recession of 2008, many Americans were struggling to keep their heads above water. When the bubble burst, those with the most debt were left drowning in a sea of financial insolvency. While the country has since recovered financially, the extended COVID-19 pandemic …
American Consumer Debt Statistics – Updated 2020 Read More »
