good morning! It’s Daniel de Vis with your daily money.
Credit card debt can be embarrassing for many Americans. Apparently, that’s especially embarrassing for people who earn a lot of people.
A recent survey by LendingTree, an online lending market, shows that about two-fifths of consumers with credit card debt lied about the amount of debt. Among people with card debt that earns more than $100,000 a year, stocks that lie about it go up in half.
Let’s talk about why.
Signs of bond market health?
Over the past 12 months, around half of all debt in the US bond market has been Treasurys. These are bonds and banknotes issued by the federal government.
This is according to a June 8 research notes from Toaston Sloak, the chief economist at money manager Apollo.
“This is not healthy,” Throck wrote. “Half of the credit issued in the economy should not go to the government.”
This is what he means.
Few 401(k) billionaires in 2025
Retirement Savers face many white knuckle days with stock market conditions in 2025, and standard suspension tariffs put all the nerves on the edge.
Surprisingly, most people haven’t seen double-digit fallout in their first quarter savings, according to the latest data from Fidelity Investments.
However, this year, becoming a 401(k) billionaire wasn’t that easy.
📰 More Stories You Shouldn’t Overlook 📰
About daily money
Every day, Daily Money will provide you with the best consumer and financial news from USA Today, breaking complex events, providing you with the TLDR version, and explaining how everything from the Fed rate to bankruptcy will affect you.
Daniel de Vice covers USA Today’s personal finances.
