High interest credit card debt burdens millions of Americans, and innovative strategies are needed to manage and pay down these debts, especially after inflation periods.
Here are the most common financial regrets Americans have: 'I should have invested in a lakefront cottage instead'
"Many people regret living above their means and making extravagant purchases when they're young. 'I financed a 1977 Corvette in 1991 because my boyfriend wanted one. I should have invested in a lakefront cottage instead,' one respondent shared."
Amex's Gen Z and millennial cardholders are bucking industrywide trends, CEO says
Gen Z and millennial American Express cardholders demonstrate better fiscal responsibility than older generations despite studies showing high credit card debt levels.
The poor are subsidizing the rich through credit-card debt and rewards systems, with wealthy individuals benefiting disproportionately from consumer spending.