As inflation rose last year to a 40-year high, Americans’ credit card debt also soared, according to analyses published by the personal-finance website WalletHub.
In its Credit Card Debt study, Wallethub found that consumers racked up $87.3 billion in new debt in 2021. During the fourth quarter of 2021, debt increased by $74.1 billion, the largest increase ever reported, Wallethub notes. It was also a 63% larger increase than the post-Great Recession average for a fourth quarter.
By the end of 2021, the average household credit card balance was $8,590. “That’s $2,642 below WalletHub’s projected breaking point,” the report states.
A new report ranks Ohio with one of the worst overall tax rates in the country as the tax filing deadline approaches.
The report, released by the personal finance website WalletHub, was teamed with the group’s annual taxpayer survey, which showed more than 70% of Americans believe more tax relief is necessary because of the COVID-19 pandemic.
While filling jobs continues to be a source of struggle for businesses across the nation, Ohio employers seem to be dealing with it better than most, according to a recently released study.
A WalletHub report compared all 50 states and the District of Columbia based on the rate of job openings for the latest month and the past 12 months.
“Lots of businesses are struggling to hire enough workers, which has sometimes led to delays in services and reduced business hours,” the report read. “In fact, the labor force participation rate has experienced the slowest recovery of any recession since World War II. Some businesses aren’t even able to keep the employees they already have – as Americans are quitting their jobs at record rates in what’s been dubbed the ‘Great Resignation.’ ”
Ohio’s unemployment recovery from the COVID-19 pandemic improved last week but remains one of the worst in the country, according to a new report.
The state ranked 26th out of the 50 states and the District of Columbia last week, comparing data with the same week of 2020, according to a report from WalletHub, a personal finance website. That ranking was significantly better than the state’s position when compared with the beginning of the pandemic.
Ohio ranked 43rd in overall unemployment recovery from the beginning of the pandemic.
COLUMBUS, Ohio – Over 3,200 pages of Dr. Anthony Fauci emails contain at least one reference to Ohio Governor Mike DeWine. A National Institutes of Health (NIH) doctor – Paul Kilmarx – sent an email in April 2020 stating that DeWine would be part of a group of Republican governors who would be “most interested and helpful” to “encourage implementation and create demand” for a COVID-19 Response Corps.
About 35 million Americans still have holiday credit card debt leftover from last year, according to WalletHub’s 2019 Holiday Shopping Survey.
Ohio is a stressful place to live. At least, if the latest rankings from WalletHub are any indication. The personal finance website, known for its ranking lists, recently rated 182 cities from most to least stressful, and Ohio ended up with four in the top 15 – the only state…