Middle-income Americans age 50 and older are now carrying more credit card debt on average than younger people, according to a 2012 study released by Demos. This is a reversal of the findings from the Demos survey which took place in … Continue reading
FTC: Cramming Fraud Targets Consumers’ Credit Cards The FTC has added a new alert about a fraud called cramming where small charges of $10, $20, or $30 are secretly inserted onto your credit card bill. These small charges add up … Continue reading
A troubling survey shows that older Americans are now carrying more credit card debt than younger people, mainly due to job loss and medical bills, not because of a lack of financial responsibility. The study looked at 997 middle-income households … Continue reading
A recent study by Demos, College on a Credit Card shows that student loans are not the only financial problem plaguing today's college students and their families. Many families are turning to credit cards to pay for part of their student's … Continue reading