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- Clark Biweekly 11 25 24
Clark Biweekly 11 25 24
Anthony Hazzard
November 25, 2024
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Credit card debt is at an all-time high. But what about delinquencies? Find out more later in this email.
💵 Today’s Top Stories
 | Mattress competition is fierce. Should you buy at a warehouse club like Costco or Sam’s Club, or online from Amazon, Overstock and more? Read more. |
 | Test your Walmart shopping IQ. How many of these pro-level money-saving tips do you know? Read more. |
 | Say goodbye to your monthly entertainment bill with these free movie and TV options. Or use them to supplement what you pay for. Read more. |
 | Switching to a discount carrier is probably the best way to lower your cell phone bill, but we know that many people want to stay with T-Mobile, AT&T or Verizon. We created this guide so you can find the best plan for your life. Read more. |
 | Ordering personal checks from a big bank is almost always a rip-off. Here’s where you can turn to buy cheap checks online. Read more. |
📣 Today’s Top News
🏠️ Today’s Current Mortgage Rates
According to Freddie Mac, 30-year mortgage rates are 6.84% and 15-year rates are 6.02% as of November 21, 2024. The following chart shows the 30-year mortgage rate trend over the last year.
💳️ America’s Credit Card Debt Keeps Shooting Higher
Just 15 months after the United States reached a record $1 trillion in credit card debt, that number climbed 8.1%.
The news comes just in time for the holidays with travel, food and presents taxing budgets.
Total household debt jumped $147 billion in the last three months, up to nearly $18 trillion. Those numbers are almost incomprehensible.
At least the delinquency rate on Visa and Mastercard payments fell to 8.8% in the third quarter. And Americans are growing our income faster than we’re adding debt.
“But let’s not do a happy dance,” Washington Post reporter Michelle Singletary wrote. “These numbers still signal a troubling trend. Paying on time doesn’t mean the debt isn’t a financial stress for families.”
Clark knows high-interest credit card debt can be daunting. But he wants you to feel empowered and in control. Here’s Clark’s credit card debt elimination strategy.
“I know your situation may feel like it’s never gonna get better,” Clark says. “But it’s all about attitude and direction. And taking it on knowing the solution is not instant. [The] solution takes time, but you can do it!”
📊 Stat of the Day
🏘️ 77,000+: Manufactured homes shipped in the U.S. this year through September. That’s up 16% year over year according to U.S. Census Bureau data. You can even order these homes on Amazon or Facebook. Clark loves that this option exists.
💰️ Deal Alert: Today’s Top Deals
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🎙️ Podcast
It’s time for "Clark Stinks!" Christa reads the latest "Clark Stinks!" submissions and Clark responds. Also, everyone said the touch-ordering systems at places like McDonald's were going to cost jobs, but did they? Clark has an interesting perspective – it’s more optimistic than you may think!
☎️ Need Money Help?
The Team Clark Consumer Action Center is a free helpline that can help you navigate your money questions. Call 636-492-5275. Visit clark.com/cac for more information.
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