Tag: debt
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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…
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With house prices rising smartly, homeowners should be celebrating. Right? Wrong. To be sure, a 10 percent jump in house prices in the first quarter, compared with a year earlier, pushed more people out of the red and into the black. But one in four U.S. homeowners with a mortgage still has “negative equity:” t…