Americans with higher incomes starting to fall behind on payments

Wall Street Journal: The average client seeking help from credit-counseling agencies across the country now makes about $70,000 a year, with unsecured debt levels approaching $35,000, or half their annual income, according to the NFCC. Before the pandemic, the typical client enrolled in counseling made about $40,000 a year and carried $10,000 in unsecured debt, or roughly 25% of their annual income…

Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
×