Credit-Card Debt Hits High, Led By Millennials
Credit-card debt is at a historic high, as millennials build up their credit balances, a TransUnion survey says.
Bank-card balances reached a record in 4Q, surpassing the $1 trillion mark for the first time on the back of 13% growth year-over-year.
The Gen X share of bank-card balances remains the largest–33.8%– while the Millennial share, at 29.4%, surpassed that of Baby Boomers, at 26.7%, for the second straight quarter.
“Inflationary pressures and higher-than-expected living costs have led t ...
Historic Southern California Storm Brings Record Flooding and Dangerous Landslides
LOS ANGELES (AP) — Rainfall from one of the wettest storms in Southern California history was to ease off Tuesday, but forecasters warned that floods were still possible and soaked ground raised the threat of potentially deadly landslides.
The slow-moving storm that parked itself over the region on Monday, dumping record amount of rain on parts of Los Angeles, could linger into Wednesday, the National Weather Service said. Scattered showers and some possible thunderstorms would bring light to ...
Record-High Credit Card Debt Brutalizes Middle Class in Biden’s America
Record-high credit card debt is brutalizing “mostly lower- and middle-income Americans, who tend to be renters,” the far-left Associated Press reported.
The AP piece itself is a joke. Over and over again, it attempts to gaslight the American people into voting for another term of failed Bidenomics with statements like… “While the U.S. economy is broadly healthy” — and — “The U.S. economy is currently performing better than most forecasters expected a year ago.”
The AP wants us to forget the tru ...
How one city took on rising car thefts — and brought the numbers down
In the past two years, car thefts have skyrocketed in many U.S. cities, driven by a trend targeting Kias and Hyundais.
In Chicago, 80 cars on average were stolen every day last year. In Minneapolis, a woman’s car was reportedly targeted three times in six months. But just across the Mississippi River in St. Paul, Minn., a very different story is playing out.
Thefts began to balloon nationwide in the summer of 2022, after a TikTok video exposed a security vulnerability in certain models of Kia a ...