According to a recent study from Fifth Third Bank, one in four Americans are debt-free.87 percent of survey respondents know APR is an acronym for annual percentage rate, a key element in loans and credit decisions. 74 percent recognize DTI as the ...
Forty-seven percent of respondents frequently live paycheck to paycheck. Two-thirds2 of Americans don't have six months of savings in their emergency fund. Thirty percent don't have an emergency fund at all. More than half of respondents don't ...
In the tax world, there are two kinds of bad debt: business bad debt and non-business bad debt. Business debts result from doing business, such as a worthless loan to a client or bad credit sales to customers or suppliers. Non-business debt results ...
Those accounts aren't the only financial secrets Americans are hiding: 41% have spent over $100 without their spouse or partner's knowledge, including 19% who have spent more than $500. Men are almost twice as likely as women to have spent more than ...