#iabpersonaldebt

  1. US new home sales surged in September

    By Anna Bahney, CNN New home sales in the United States surged higher in September from the month before, even as mortgage rates remained over 7%, making financing a home costlier and pushing people out of the market. Sales of newly constructed homes jumped 12.3% in September to a
  2. Americans ran up $105 billion in credit card interest last year alone

    By Matt Egan, CNN Danielle Foskie is among a growing number of Americans who have stumbled into a credit card doom loop. Foskie, a registered dental hygienist who lives outside of Cleveland, Ohio, couldn’t pay the bills when Covid-19 interrupted business at the dentist office where
  3. About 305,000 student loan borrowers got monthly bills with the wrong amount

    By Katie Lobosco, CNN An estimated 305,000 people initially received federal student loan bills with the wrong amount – many with charges higher than they should be – when payments resumed this month after a three-plus year pause. The Department of Education identified the errors a
  4. Two economic indicators with spooky significance

    By Analysis by Allison Morrow, CNN A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here . There are two numbers floating around econ media headlines lately that are (as we journalists love to say) psychological milest
  5. Jon Donenberg, top Elizabeth Warren aide, to join Biden’s National Economic Council

    By MJ Lee, Senior White House correspondent Jon Donenberg – a key architect of Sen. Elizabeth Warren’s signature policy initiatives including her plan to cancel student loan debt – will join President Joe Biden’s National Economic Council as a deputy director, sources told CNN. Don