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  3. /Americans’ credit card debt just saw the biggest increase in over 20 years and here’s why growing up with wealthy friends can help a child escape poverty

Americans’ credit card debt just saw the biggest increase in over 20 years and here’s why growing up with wealthy friends can help a child escape poverty

Personal finance / August 3, 2022 / Admin / 0

Hi, MarketWatchers. Don’t miss these top stories.

Americans’ credit card debt just saw the biggest increase in more than 20 years, according to the New York Fed

Americans added $312 billion in debt in the second quarter — an increase New York Fed researchers called “pretty significant.” Read more

On-campus COVID-19 vaccination mandates have had the greatest impact on colleges with low-income students. Here’s why they were so effective.

A new study finds that on-campus vaccination mandates reduced the total number of deaths from COVID-19 in the United States in the fall of 2021 by approximately 5%. Read more

‘Something broke inside him’: My entrepreneur boyfriend of 2 years dumped me. He said I used it to fix my house.

“Last weekend he hung blinds for my daughter. Then I asked him to take a look at my pelvis, because it was leaking. Read more

The 2023 Honda HR-V: One of the best compact SUVs is updated, with more power and increased safety

The 2023 Honda HR-V marks a new generation of this subcompact SUV, and it’s poised to continue the impressive ways of its predecessor. Read more

Here are 20 of the best US cities to live in 2022, and they’re attracting big waves of young people

To rank these cities, we asked “Would you really want to live here?” They all get big scores on housing, health care, economy, amenities, and more. Read more

Three times you can use debt to your advantage

Sometimes going into debt strategically can help you spread a cost over a longer period, or it can help you stay afloat. Read more

Humans are to blame for the extreme weather that roasted London – here’s how badly

According to a World Weather Attribution study, human-caused climate change has significantly increased the risk of record heat. Read more

Americans want tax incentives for electric vehicles. But are they ready to lose gas-powered cars forever?

Pew finds that a large majority of Americans support EV incentives, but are more divided when it comes to an actual EV purchase. Read more

Cut Inflation Act would send $80 billion to the IRS, but some tax experts question whether that’s enough to help the lagging agency

The funding would help the IRS improve customer service and conduct more audits of wealthy taxpayers, Democrats say. Read more

Growing up with wealthy friends can help a child escape poverty. This is a phenomenon known as “economic connectedness”.

This measure is “one of the strongest predictors of upward income mobility identified to date,” according to a new study. Read more

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