Economics

Answer: 50% of families held credit card debt in 2020 Questions: What does it mean to “carry” credit card debt? Even though high-interest rates on credit card debt make carrying a balance expensive, how or why might consumers get into a situation where they cannot pay their credit card bill in full every month? Credit card companies often list a minimum payment due on their monthly statement. Do you think it is a good idea to make only that minimum payment?

What actually happens when you swipe your credit card? a16z general partner Alex Rampell helps solve the mystery, taking us from the beginning of the credit ...

The tax credits would be included in the Democrats' $3.5 trillion social policy plan and are generally supported by automakers.

We had to do more from home. Here’s how much everything shifted by total minutes in a day.

A third of U.S. consumers who used "buy now, pay later" services have fallen behind on one or more payments, and 72% of those said their credit score declined, a new study published by personal finance company Credit Karma showed.

A trove of data reveals that when people moved away from dense and expensive metro areas during the pandemic, many didn’t go far.

Installment payment services are everywhere thanks to fresh deals with Amazon and Square. It’s a simple idea that can quickly get complicated for users.

Have you find the right budget for your lifestyle and personality type? Here's a guide to the various options.

Buying things won't make you happier. But research shows that buying time can, as long as you do it the right way.

Meat producers and distributors are sounding the alarm over a turkey shortage that has supermarkets and other food retailers scrambling to get ready for the holiday, The Post has learned.

Joe Sobol, owner of Big Easy Construction in New Orleans, has bad news for homeowners who've been calling about roofs damaged by Hurricane Ida or to get an update on renovations that were scheduled before the storm ripped through the area.

The cards were never formally approved by Muskegon city commissioners, though the city manager said he got the blessing of four commissioners.

You have been running every single day for the last 30 Days. Your running streak is 30. You have been writing every single day for the…

Answer: Amazon (and it's not even close!) Preferred online shopping websites of teens in the United States in spring 2021 Questions: Do you shop online at all? If so, what is your favorite website? How much of an impact does social media have on your online purchases? Are there items that you would prefer to purchase in-store vs.

Not everyone, even within his own party, agrees on how much he should forgive—or whether he should at all

College student-athletes can now profit off of their name, image, and likeness (NIL) on an interim basis as of July 1, and data indicates that student-athletes are taking afvantage of the new rules.

TikTok deal-maker Demi Skipper is on a quest to get a house one trade at a time. Starting with just a bobby pin, Demi gives us a crash course on the economics of bartering.

Auto The Pandemic, Driving Patterns, and Rebates The pandemic had almost everyone driving less. Insurance companies had record profits, as less driving translated into fewer accidents. A few companies gave a bit of a rebate back to customers (mine was less than $20!). Earlier this month, the Consumer Federation of America and the Center for Economic Justice declared that insurers collected $42 billion in excess premiums last year while providing only $13 billion in discounts and rebates.(Yahoo Finance)   Despite lobbying by the CFA, only California regulators have stepped in to try to get more money returned to customers.

Answer: 61% Questions: Have you ever seen/used a Buy Now Pay Later (BNPL) service? What do you think are the pros/cons of a service like this? Want to learn more about BNPL? Check out this FinCap Friday which includes a quiz and an explainer video on the topic.  Here's the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (The Ascent): In July 2020, only 37.71% of consumers aged 18 to 24 had used a buy now, pay later service, but that figure jumped to 61.16% in 2021, showing 62% growth in less than a year...These findings align with recent research from PYMNTS, which shows that younger consumers are looking for flexible yet responsible ways to pay for purchases.

Smartphones can contain ~80% of the stable elements on the periodic table. This graphic details the critical metals you carry in your pocket.

Save America’s declining cities. Bring in the refugees.