AGP Executive Report
Last update: 7 hours agoHousehold Debt: Serious credit-card delinquencies are nearing 13%, close to their post-financial-crisis peak, while auto-loan defaults have hit a record. Nearly one in five households reported a late debt payment, as inflation squeezes budgets. Retirement: Social Security benefits will rise 3.6% in 2027 for more than 70 million recipients, but September inflation was 3.7%, leaving the increase at risk of falling short of rising costs. Financial Cushion: A Pew survey found 53% of Americans lack emergency savings to cover three months of expenses, and 27% can’t pay some bills in full. Credit Tools: Credit Sesame has launched Sesa, a platform of AI agents designed to offer personalized credit guidance and help users monitor and protect their credit.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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