Tag: debt
First-time buyers are currently responsible for about 29 percent of all U.S. house sales, down from historical levels of 40 percent, according to the National Association of Realtors. The share of young adults who own a house has also declined sharply. There’s debate about whether buying a house is a good financial move. But t…
New research has uncovered one reason for the alarming rise in credit card use among older Americans: medical bills. When people age 50 or older experience “health shocks” – newly diagnosed medical conditions – their credit card balances rise, according to research published in the Journal of Consumer Affairs. The worse the medical condition, t…
