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It’s a common myth that debts vanish after seven years. While old accounts may drop off your credit report, you may still owe the balance. Here’s what really happens.
A new financial wellness report finds that 67% of Americans are living paycheck to paycheck in 2025, up from 63% in 2024. Rising costs, inflation, and an uncertain job market are squeezing households across the country.
Millions of Americans are facing challenges keeping up with their student loan payments, but not everyone is feeling weighed down by debt. According to a recent survey, nearly one in four borrowers expects to finish paying off their loans this year.
Six in 10 parents in the U.S. say they’ve gone into debt to provide for their children, and nearly half of them report that the debt is becoming unmanageable.