Skilled trades now offer a clear route to six-figure earnings without college debt, thanks to the growing tech industry
ASHBURN, Va. — The artificial intelligence boom is driving demand for electricians, and young workers may be able to build six-figure careers without taking on college debt, says veteran tradesman Andrew Miller. In 26 years in the industry, he says, he has never been short of work. Miller, who raised six children while working in […]
Common necessities drive up credit balances while debt defaults increase
For many Americans, using credit cards for everyday essentials has become a more common way to manage finances. As prices for groceries, gas, and utilities rise, more households are finding themselves in debt just to maintain basic living standards. While paying for necessities with credit isn’t a new trend, the real issue arises when people […]
JetBlue’s creditors are said to have engaged advisors as the airline deals with increasing debt challenges.
According to reports, a group of senior creditors for JetBlue Airways has engaged financial and legal advisors as the airline grapples with significant financial challenges, including declining bond prices and higher fuel costs that complicate its recovery efforts. The creditors are collaborating with investment bank PJT Partners and law firm Akin, as noted by sources […]
Ways to stop being anxious about the $40 trillion debt held by the US government
Yes, the national debt crossed the $40 trillion mark in August – that’s trillion with a “T” – but let’s be cautious about the alarmist talk of “doom loops” and “death spirals.” It’s understandable to feel anxious. After all, it’s not pleasant to think about annual interest payments that exceeded $1 trillion last year, which […]
Credit card debt in the U.S. is increasing. Here are some ways to avoid it.
Credit card debt can accumulate unexpectedly. What starts as a few hundred dollars can easily balloon into thousands, and soon enough, you might find that your interest payments exceed what you’re spending on new items. If this resonates with you, you aren’t alone. The Federal Reserve Bank of New York reported that credit card balances […]
Whom Americans from Gen Z to the Silent Generation hold responsible for their debt
Many Americans are feeling overwhelmed by debt. For younger generations, particularly Gen Z and younger millennials, it can often be traced back to low wages that don’t keep pace with high housing costs, compounded by a borrowing system that penalizes those without an established credit history. Meanwhile, older millennials and Gen X are grappling with […]
The percentage of Gen Z borrowers with credit card debt increased by almost 20% since 2023.
Gen Z Faces Rising Credit Card Debt It seems like more and more members of Generation Z are finding themselves in credit card debt. A recent survey by Deloitte and ConsumerSignals revealed that, between the third quarter of 2023 and the second quarter of 2026, the percentage of Gen Z adults (ages 18 to 29) […]
Payments on the $40 trillion debt in the U.S. take a large portion of the budget.
Credit card bills in the U.S. are piling up, and they’re becoming quite significant. This year’s federal deficit has reached $2 trillion, which is the highest mark since the early pandemic days when the government was spending heavily on health measures and supporting workers and businesses. However, this figure isn’t just about government spending habits—over […]
Inflation Soars and AI Debt Encounters Challenges
Welcome back to Friday! Here’s the latest edition of the weekly business wrap. This past week was all about inflation in America. The consumer price index climbed 0.6 percent, largely thanks to drivers paying over $4 for gasoline. Meanwhile, the producer price index saw a rise of 1.3 percent, reminding us of its past name, […]
Analysts believe China might be quietly storing US debt assets in Canada.
There are growing suspicions that China could be quietly accumulating large amounts of US government debt through Canadian banks. This strategy may allow Beijing to appear as though it’s reducing its financial connections to the US, all while indirectly facilitating Washington’s substantial deficits, according to analysts from Wall Street. Evidence for this theory comes from […]