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United States · United StatesJens_Lambert_Photography via iStockCar buyers across the U.S. are taking on more auto debt than they can realistically afford.
Between rising car prices and longer loan terms, drivers in some states are now putting nearly half of their income toward vehicle payments…and the pressure is hitting household budgets hard.
A new analysis of car loans shows that in at least 10 states, buyers are spending over 38% of their median income just on vehicle…See the Story
Drivers Overspend on Car Loans in at Least 10 States
Federal Reserve · RichmondAccording to the latest data from the Federal Reserve, the median household income in the U.S. is listed at just below $81,000.However, that figure looks much different when you break the data down by state.And that’s exactly what WalletHub did on Tuesday with its study looking at which states have people making the highest income.“By measuring the income of various percentiles against a state’s media income, we can better identify where income …See the Story
People in These States Make the Most Money, Study Finds. How Did Florida Compare?
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Finance · United StatesCredit card debt settlement is when you submit a lump-sum payment for the majority of what you owe in return for the company that owns the debt forgiving part of the outstanding balance as well as certain fees and finance charges. A debt settlement agreement is one way to escape serious credit card debt. A settlement is neither the only viable credit card debt solution, nor without its own perils, however. A lot of shady companies operate in the…Read Article
