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3 results for “credit cards”

Personal Finance

Credit Card Debt Hits a Record $1.26 Trillion as America's Savings Buffer Runs Thin

Card balances set their eleventh straight quarterly record at a 22.15% average APR, while the savings rate sank to a near-20-year low. A practical payoff playbook.

Meridian Newsroom30 Sept 20267 min read

Finance

The Squeeze on Households: Mortgages Near 7%, Gold Slumps, and the Real Cost of Higher-for-Longer

Borrowing costs are climbing while the classic safe haven falters. From 6.97% mortgages to gold's seven-week low, here is how the rate-hike cycle is landing on ordinary household finances.

Meridian Newsroom30 Sept 20266 min read

Finance

The Fed Hikes for the First Time in Three Years: What September's Rate Increase Means for Your Money

The Federal Reserve lifted its benchmark rate to 3.75%–4.00% in a unanimous vote, signaling that more hikes are likely before year-end. Here is what drove the decision — and what it means for mortgages, savings, and credit cards.

Meridian Newsroom30 Sept 20267 min read