Baby Boomers and Generation X Pessimistic About Retirement

Baby Boomers and Generation Xers feel that less reliable pensions and longer life expectancies make it more likely they will outlive their retirement savings, according to the Allianz Generations Apart Study. 84% of Boomers (adults 49-67) and 92% of Gen Xers … Continue reading

Average Credit Card Balance up 6% in December

A report from Equifax indicates a significant increase in credit card debt in America, with the average person racking up a 5.9% higher balance in 2014. In total, Americans accumulated $624.4 billion in credit card debt in 2014, up from $606.75 … Continue reading

Consumers Feel Better about Personal Finances

According to a new survey, consumers in the United States are finally starting to feel better about their personal finances. Absolute Strategy Research has been studying perspectives on job security, future economic prospects and financial success since mid-2009. In June … Continue reading

Millennials Shying Away from Credit Cards

Credit card issuers must be very concerned by the results of a survey released today: nearly two-thirds of millennials do not have a credit card. 63% of adults 18-29 years old do not own a credit card compared to 35% of adults … Continue reading Weekly Credit Card Update–May 16, 2014

Airlines Make Less on Bag Fees While Promoting Credit Cards Airlines made 4% less on baggage fees in 2013 than in the previous year, according to federal statistics released last week. That sounds like great news for consumers, but it's … Continue reading Weekly Credit Card Update–May 2, 2014

After Data Breach, Target Plans to Issue More Secure Chip-and-PIN Cards Still pushing to right itself after an enormous data breach by cybercriminals, Target announced that it would switch its debit and credit cards over to a more secure technology … Continue reading

Most Americans Still Have Free Checking Accounts

When the economic downturn hit five years ago, many analysts predicted that free checking accounts would become a thing of the past. After all, regulations such as the CARD Act and Dodd-Frank bill cut some of the revenue streams of … Continue reading

How the Fiscal Cliff Could Affect Your Credit Card

The fiscal cliff is getting closer to becoming a reality. The members of Congress and President Obama still seem far apart. Statistics and projections show the painful consequences with tax increases for many consumers. Higher tax payments will be bad … Continue reading

Credit Card Debt Still Dropping in Struggling Areas

According to a new report from Equifax, the total consumer credit card debt is still declining in metropolitan areas recovering more slowly from the economic crisis. The report showed the nation’s overall credit card debt increasing 0.02 percent in August … Continue reading