Debt

Sixty percent of indebted households who had college expenses for a child in the past 3 years report that those expenses contributed to their current credit card debt. 
09/05/2012
Data Byte
As states continue to cut higher education budgets, rising tuition prices mean that increasingly students and their families rely on debt—both credit cards and student loans—to pay for college costs. Today, graduating college seniors leave with an average of over $25,000 in student loan...
09/05/2012
Publication
The student loan crisis escalated further in the second quarter of 2012, as the amount of outstanding debt reached the highest level ever recorded. A new report from the New York Fedsuggests that even while the rest of household debt improved since March, driven by decreasing credit card and...
08/29/2012
Data Byte
The home mortgage crisis and Great Recession destroyed a generation of economic progress for African-American families. Now, reports the Washington Post, the discriminatory impact of credit scores and reports could cement the disadvantages into place for decades to come. To be clear, there’s...
07/09/2012
Blog
In its May 2012 Plastic Safety Net survey, research and advocacy company Demos surveyed 997 low- and middle-income American households that carried credit card debt for three months or more — and looked at how the recession and the Credit CARD Act of 2009 have affected...
06/22/2012
News/Resource
But here's the fact that convinced me older Americans need more help managing their debt than new college grads: The age range of low- and middle-income Americans with the highest credit-card debt today is 65 and older — they owe an average of $9,283. By comparison, 18- to 24-year olds average just...
06/01/2012
News/Resource
Young people – ages 18 to 24 – have credit card balances well below the average, owing $2,982. While 25 to 34-year-olds managed to cut their credit card debt in half compared to our 2008 survey, they still average over $5,000 in credit card debt. Older population groups have increasingly high...
05/25/2012
Data Byte
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