Cryptocurrency investing has been a wild ride lately. So what happens when you combine the tempting prospect of new global currencies and unprecedentedly low prices, but you don’t have any cash to invest? Americans are turning to lenders. And as many investors are currently adding up their losses, others are doubling down, using loans to …
Survey: Americans Borrow Money, Default on Bills to Buy Cryptocurrency Read More »
More than a quarter of Americans have no emergency fund to carry them through a financial crisis, and almost half have said they’re struggling to feed their families. Inflation has soared to the highest level since December 1981 as Americans continue to grapple with unprecedented financial challenges, and most families have been caught off guard. …
Survey: 27% Lack Emergency Fund, 49% Struggle With Food Prices Read More »
While the gender pay gap means that women earn 83 cents for every dollar earned by a man in the workforce, there’s one area where the trend would be reversed – fatherhood. If being a dad was a paid position, 30% of Americans believe the job is worth a six-figure salary and 12% say it …
Father’s Day: If ‘Dad’ was a Paid Position, He’d Earn Less than Mom Read More »
We all agree that motherhood is a very big job. In fact, more than 35% of Americans believe that if motherhood was a paid position, it deserves a six-figure salary. Mother’s Day is May 8, and this year Americans are expected to spend about $31.7 billion showering their moms with gifts, according to the National …
Survey: This Mother’s Day, Mom Deserves a Big Paycheck Read More »
With gas prices averaging $4.18 a gallon across the U.S. and a price hike from summer blends looming, more than 72% of Americans have already had to make some tough financial choices due to the extra expense. The past few months have been difficult. According to Gas Buddy, fuel costs jumped more than 20% in …
Survey: 72% in U.S. Suffering Due to High Gas Prices Read More »
It’s a familiar struggle. You need to make an emergency trip home to visit the family, or the car has two damaged tires that have to be replaced, or you need that perfect new pair of shoes you’ve been eyeing that just went on sale. You don’t have the cash to pay, but waiting is …
Survey: Buy Now Pay Later Plans Fuel Debt Struggles Read More »
Payday loans are a common source of quick cash for low-income borrowers in the U.S. They’re so popular that there are about 23,000 payday lenders across the country — that’s twice the number of McDonald’s restaurants in America. The loans are lucrative for payday lenders — it’s a $9 billion industry — but costly for …
Survey: 90% of Borrowers Regret Their Payday Loan Read More »
Twelve million Americans take out payday loans each year in an estimated 14,000+ storefronts and spend about $9 billion on loan fees, according to a pewtrusts.org market report. That’s a whole lot of borrowing. If you are one of those that are overwhelmed with a large amount of payday loan debt and are wondering whether …
It’s a common worry. The holidays roll around and there’s pressure to spend money you don’t have. In fact, a survey shows more than half of Americans expect to need a short-term loan to pay for their holiday celebrations. But the new year can offer a fresh financial start. Dr. Jim Burroughs, a professor at …
Budgeting Advice from the Experts — for the Holidays and Beyond Read More »
Spending, supply shortages and shipping delays are key fears for Americans as the 2021 holiday shopping season kicks into high gear. But just how worried are they? DebtHammer.org set out to learn. We surveyed more than 750 Americans from Oct. 27-Nov. 5 to study how COVID-19, fears of supply shortages and the overall economy are …
Survey: Will 2021 Holiday Spending Plans Leave Americans in Debt? Read More »