Asset, wage protections may help debtors in a tough economy

States could take steps now to soften the impact of a recession by protecting residents with unsecured debt, according to a new study that reveals an inequitable patchwork of protections for Americans who are behind on their ...

New measurement suggests US undercounts people in poverty

The United States has likely been underestimating the number of people in poverty, according to a new household spending-based measurement developed by Johns Hopkins University and Bowdoin University economists. They found ...

Why older Americans are taking on more debt

Older Americans are accumulating more debt as they near retirement, according to recent research that reveals a troubling trend in personal finance among people in their 50s and early 60s.

Why people go into debt: The money isn't really theirs

In 2019, U.S. consumer debt reached an all-time high, surpassing levels last seen during the 2008 financial crisis. Such debt takes many forms, including mortgages and student loans. But credit card debt alone exceeded $870 ...

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