Parents often look for ways to prepare their children for financial independence. One common strategy is to add a child as an authorized user on a credit card. This approach can help them build credit history early and learn how to manage money responsibly. However, adding your child to your credit card is not a decision to make lightly. It carries both opportunities and risks, and answering a few key questions beforehand can make all the difference in whether this step benef

The United States is witnessing a troubling resurgence in credit card defaults, a phenomenon that has reached levels not seen since the aftermath of the 2008 global financial crisis. Data from major financial institutions and credit rating agencies indicates that the rate of consumers failing to meet their credit card obligations has climbed steadily over the past two years, with 2025 marking a significant tipping point. This surge is raising alarm bells for policymakers, len

Credit card usage reflects broader economic trends and changing consumer behavior. Understanding the factors contributing to this slowdown p