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Credit card balances reached $1.26 trillion in mid-2026, rising $21 billion in the second quarter as late-stage delinquencies jumped to 12.8%, prompting concerns about Americans falling behind on payments.
Britain faces a growing retirement savings crisis, with 15 million people not saving adequately for old age, according to a Pensions Commission report warning the figure could rise to 19 million without urgent action.
Fraud victims who lost money to scams may owe taxes on stolen funds. A bipartisan congressional bill seeks to provide relief by eliminating deduction restrictions and waiving early withdrawal penalties.
UK savers are seeing improved returns this summer, with instant-access accounts offering up to 5% and regular savings accounts reaching 8% as banks intensify competition.
The Federal Reserve held interest rates steady Wednesday, though potential rate increases at its September meeting could increase borrowing costs for consumers already facing affordability pressures.
Booking.com users report difficulties obtaining refunds after substandard accommodations and safety concerns, with the platform citing contracts exist only between guests and hosts, leaving travelers with limited recourse.
