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FICO exposes a painful Gen Z credit card trend

FICO exposes a painful Gen Z credit card trend

A growing share of Gen Z consumers are opening new credit card accounts to cover everyday expenses they otherwise cannot afford. Fresh FICO data show their credit profiles are taking more damage than those of any other generation, according to U.S. News. More than 25% of Gen Z adults aged 18 to 29 ...

Rising Home Insurance Costs Prompt Consumer Reports to Offer Savings Tips

Rising Home Insurance Costs Prompt Consumer Reports to Offer Savings Tips

Homeowners across the U.S. are facing rising insurance premiums, with costs increasing by an average of 24% over the past three years. According to Consumer Reports, this surge is driven by weather-related losses and inflation. Despite these challenges, there are strategies homeowners can employ to reduce their insurance costs. Key recommendations include shopping around for the best rates, bundling home and auto insurance, and raising deductibles. Additionally, making home improvements such as replacing old roofs or installing security systems can lead to premium reductions. Consumer Reports also highlights the impact of lifestyle choices and credit scores on insurance rates.

Consumer Reports Advises on Strategies to Reduce Rising Home Insurance Costs

Consumer Reports Advises on Strategies to Reduce Rising Home Insurance Costs

Consumer Reports has highlighted the increasing costs of homeowners insurance, which have risen by an average of 24% over the past three years. This increase is attributed to weather-related losses and inflation. Despite these rising costs, Consumer Reports suggests several strategies for homeowners to potentially lower their insurance premiums. These include shopping around for the best rates, bundling home and auto insurance, and increasing deductibles. Additionally, making home repairs and upgrades, such as replacing old roofs or installing security systems, can also help reduce premiums. The report also notes that lifestyle choices, such as owning certain dog breeds or having a pool, can affect insurance rates.

Federal Reserve Reports Record U.S. Household Debt, Raising Concerns Over Economic Stability

Federal Reserve Reports Record U.S. Household Debt, Raising Concerns Over Economic Stability

Federal Reserve Reports Record U.S. Household Debt, Raising Concerns Over Economic Stability

Rising Beef and Coffee Costs Impact Major U.S. Food Chains

Rising Beef and Coffee Costs Impact Major U.S. Food Chains

Rising Beef and Coffee Costs Impact Major U.S. Food Chains

U.S. Household Debt Reaches Record High, Raising Concerns Over Economic Stability

U.S. Household Debt Reaches Record High, Raising Concerns Over Economic Stability

American families are experiencing unprecedented levels of debt, with household debt reaching $18.8 trillion in the first quarter of 2026, according to a report from the Federal Reserve Bank of New York. This increase is attributed to rising borrowing costs and general affordability pressures, driven by economy-wide inflation and higher interest rates. The report highlights that while mortgage and auto loan balances have increased, student loan debt has slightly decreased. The principal risk for indebted Americans is the potential for falling behind on loans, which could lead to delinquency, late fees, credit score damage, and asset seizure. Currently, 4.8 percent of outstanding debt is at some stage of delinquency, a situation described as 'mostly steady' by the New York Fed.

Rising Travel Costs Affect Memorial Day Weekend Plans for Many Americans

Rising Travel Costs Affect Memorial Day Weekend Plans for Many Americans

As Memorial Day Weekend approaches, many Americans are adjusting their travel plans due to increased costs. Higher prices for fuel, accommodations, and other travel-related expenses are prompting some to reconsider their holiday activities. This trend is particularly noticeable in popular travel destinations where demand typically spikes during this period. The increased costs are attributed to a combination of inflationary pressures and heightened demand as more people resume travel post-pandemic. Some travelers are opting for shorter trips or choosing destinations closer to home to mitigate expenses.

U.S. Grocery Prices Surge Amid Global Supply Chain Disruptions

U.S. Grocery Prices Surge Amid Global Supply Chain Disruptions

Grocery prices in the U.S. rose by 2.9% in April 2026 compared to the previous year, marking the highest year-over-year increase since August 2023. Significant price hikes were observed in fruits, vegetables, and meats, with tomatoes and coffee seeing substantial increases due to bad weather, tariffs, and rising fuel costs. The ongoing conflict in Iran has exacerbated these issues by disrupting oil supplies through the Strait of Hormuz, impacting transportation costs for agricultural products.

Consumer confidence dented with gas prices around $4.50 and inflation still elevated

Consumer confidence dented with gas prices around $4.50 and inflation still elevated

U.S. consumer confidence declined slightly this month as gas prices stayed high and inflation remained elevated, a sharp contrast to soaring stock prices that have neared record levels

These cookout foods will cost you up to 98% more on Memorial Day

These cookout foods will cost you up to 98% more on Memorial Day

High gas prices and flight cancellations have forced many Americans to cancel out-of-town travel plans this Memorial Day. But backyard barbecues? That’s one holiday staple that’s still on the table — as long as you shop right. As with everything these days, the cost of groceries is rising. The ...

Chipotle rival Mexican chain closes all U.S. restaurants

Chipotle rival Mexican chain closes all U.S. restaurants

For many Americans, eating out has become a luxury. Some people have been trading down, while others have decided to eat at home more often. In my decades of covering restaurants, I've never seen a period where consumers have been hit by both high prices and a challenging economy. Even some ...

Americans Face Increasing Financial Stress Amid Rising Debt and Inflation

Americans Face Increasing Financial Stress Amid Rising Debt and Inflation

Americans Face Increasing Financial Stress Amid Rising Debt and Inflation