Why older Americans are taking on more debt

Older Americans are accumulating more debt as they near retirement, according to recent research that reveals a troubling trend in personal finance among people in their 50s and early 60s.

Financial woes grow worse during pandemic for American families

The economic challenges caused by the coronavirus pandemic have grown worse since the spring for many American families, with an increasing number reporting that they have trouble paying bills, according to a new RAND Corporation ...

Semi-random scattering of light

What is the exact path of light inside a highly scattering material like white paint? This is a question that is impossible to answer, as the particles inside the paint are distributed randomly. This, at the same time, is ...

One-third of American households face troubles paying bills

One-third of American families have lost income since the beginning of shutdown triggered by the coronavirus pandemic, with such losses striking families from all economic groups, according to a new nationally representative ...

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Credit card

A credit card is part of a system of payments named after the small plastic card issued to users of the system. It is a card entitling its holder to buy goods and services based on the holder's promise to pay for these goods and services. The issuer of the card grants a line of credit to the consumer (or the user) from which the user can borrow money for payment to a merchant or as a cash advance to the user.

A credit card is different from a charge card, where a charge card requires the balance to be paid in full each month. In contrast, credit cards allow the consumers to 'revolve' their balance, at the cost of having interest charged. Most credit cards are issued by local banks or credit unions, and are the shape and size specified by the ISO/IEC 7810 standard as ID-1.

This text uses material from Wikipedia, licensed under CC BY-SA