Household Debt Is at a Crisis Point—Here’s How We Can Help
The numbers are in, and they are staggering. According to the latest report from the Federal Reserve Bank of New York, total household debt has surged to $18.04 trillion, with [&he
The Opportunity and Risks of Open Banking: A Financial Inclusion Perspective
Open banking has been heralded as a game changer for the financial industry, creating new opportunities for innovation, competition, and personalized financial services. With the p
What the Fed’s Half-Point Cut Means for Low-Wealth Consumers
In a surprising move, the Federal Reserve recently announced a half-point rate cut, sparking debates among economists, financial analysts, and policymakers alike. While headlines o
Buy Now Pay Later: Convenience or Debt Trap?
The growth of point-of-sale installment payment options, often known as buy now pay later (BNPL), have offered consumers an alternative to credit cards, providing them flexibility
The Personal Debt Conundrum
It was sobering to see the Federal Reserve Bank of New York’s Q1 2023 report on household debt, where total US household debt surpassed $17 trillion at the end of […]
Navigating the Promise and Pitfalls of Debt Consolidation? Read this Prosperity Now brief!
Debt and past-due bills negatively impact the financial lives of many low- and moderate-income Black/African Americans. Yet many community members feel hesitancy around debt consol
