Average debt an American owes is $104,215

The average debt in America is $104,215 across mortgages, auto loans, student loans, and credit cards. Debt peaks between ages 40 and 49 among consumers with excellent credit scores. The largest percentages of the average consumer debt balance are mortgages. …

READ MORE

Consumers are so demoralized by inflation and high rates that they’ve given up on saving for the American Dream and are spending money instead, economist says

Despite ongoing consumer pessimism, spending remains surprisingly robust. Economist Joanne Hsu, director of the University of Michigan’s consumer sentiment survey, provided insights into this paradox, attributing it to a shift in consumer behavior driven by high prices and interest rates. …

READ MORE

California: the Decline of the American Dream

Los Angeles, where Hollywood and its glitter shine, attracts tourists from all over the world. But behind the glittering facade, it’s another image of the golden state. Homelessness, poverty, unemployment, California is far from the American dream.