Private credit outfits are reportedly turning to consumer debt for high-yield investments. That’s according to a report Sunday (April 19) from The Wall Street Journal (WSJ), which cited the example of the rent rewards FinTech Bilt. After Wells Fargo informed Bilt it would no longer...
“Wage to Wallet™ Index: The Divided Recovery: Labor Economy Workers Face an Uncertain 2026” is a collaboration between PYMNTS Intelligence, WorkWhile and Ingo Payments. This month’s report examines the financial outlook of the Labor Economy—roughly 60 million U.S. employees who earn about $25 an hour...
New Federal Reserve data shows U.S. household wealth reaching record levels last year. That figure hit $180 trillion during the third quarter of 2025, according to the Fed’s Financial Accounts report, released Friday (Jan. 9). “Household net worth increased by $6.1 trillion in the third...
More than 9 million student loan borrowers have missed at least one payment this year. That’s according to a report Saturday (Dec. 13) from the Financial Times (FT), which notes that delinquencies in the $1.7 trillion student loan market are soaring following the end of...
August 11, 2026
A rare decline in overall U.S. household debt has masked the fact that consumers are still adding balances to the forms of credit most closely tied to everyday spending and purchases. Total household debt slipped by $13 billion in the second quarter to $18.8 trillion, according to the latest Federal Reserve Bank of New York […]
April 16, 2025
Contrary to conventional wisdom, a recent PYMNTS report, “Interest in Mortgages Rises Among Younger, High-Income Individuals,” uncovers that income level is a significantly stronger predictor than age in determining whether consumers...
September 17, 2024
U.S. consumers are taking on more card debt than has been seen in years. And in recent weeks, filings by several big banks show that the general trend of delinquencies...
August 06, 2024
Delinquency rates are unchanged, at least in the second quarter. But debt is still rising, indicating the pressures of recent and continued spending on credit cards, on new auto loans...
April 19, 2026
Private credit outfits are reportedly turning to consumer debt for high-yield investments. That’s according to a report Sunday (April 19) from The Wall Street Journal (WSJ), which cited the example of the rent rewards FinTech Bilt. After Wells Fargo informed Bilt it would no longer serve as lender for its credit card, the company tried […]
January 11, 2026
New Federal Reserve data shows U.S. household wealth reaching record levels last year. That figure hit $180 trillion during the third quarter of 2025, according to the Fed’s Financial Accounts...
December 14, 2025
More than 9 million student loan borrowers have missed at least one payment this year. That’s according to a report Saturday (Dec. 13) from the Financial Times (FT), which notes...
December 30, 2024
Credit card defaults are at their highest level since 2010 as consumers feel increasingly stretched. As the Financial Times (FT) reported Sunday (Dec. 29), card lenders wrote off $46 billion...