Aaron McDade is a breaking news reporter for Investopedia. He is an experienced journalist who has covered everything from the latest in business and tech news to sports and international news like ...

Credit card debt can be more expensive than most other types of debt. The reason? Not only do credit cards tend to charge high interest rates, but credit card interest is often compounded daily, ...

Credit card debt reached an all-time high of $1.2 trillion by the end of 2024, according to data from the Federal Reserve Bank of New York. On Wednesday, the Federal Reserve announced it was lowering ...

Elizabeth Guevara is a personal finance reporter who explains the world of business and economics and how it impacts your finances. She joined Investopedia in 2024. SrdjanPav/Getty Images American ...

Average credit card debt is highest among Generation X, according to the latest data from credit bureau Experian. Gen X is currently part of the so-called sandwich generation, as many are helping ...