Tag: Average

The Average American Could Save $1,638 With These Rewards Cards

From flat-rate cash back to lucrative travel rewards, there’s something for everyone.

Have you shied away from using rewards credit cards because you don’t know where to start? Maybe you’ve been carrying around the same rewards credit card for a decade, even though your spending habits have changed.

If that’s the case, you’re probably leaving a lot of money on the table. Using research by The Ascent on the monthly spending habits of American households, we’ve found the best rewards credit cards for the average American. If your spending falls in line with that average, you could save from $638 to $1,638 with one of these rewards credit cards.

For unlimited cash back with a bonus: Chase Freedom Unlimited®

The latest developments on the Chase Freedom Unlimited® make it one of the most lucrative cash back cards on the market for just about anyone. You’ll get 5% back on up

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ETRACS Linked to the Wells Fargo Business Development Company Index ETN (NYSEARCA:BDCS) Stock Crosses Above Two Hundred Day Moving Average of $13.33

ETRACS Linked to the Wells Fargo Business Development Company Index ETN (NYSEARCA:BDCS)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.33 and traded as high as $14.55. ETRACS Linked to the Wells Fargo Business Development Company Index ETN shares last traded at $14.50, with a volume of 3,753 shares traded.

The stock’s 50 day simple moving average is $14.24 and its 200-day simple moving average is $13.33.

An institutional investor recently raised its position in ETRACS Linked to the Wells Fargo Business Development Company Index ETN stock. Advisory Services Network LLC increased its stake in ETRACS Linked to the Wells Fargo Business Development Company Index ETN (NYSEARCA:BDCS) by 30.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 17,742 shares of the exchange traded fund’s stock after

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Trump probably paid less in federal income tax than average middle-class American

“His income tax burden is certainly much lower than the average taxpayer,” said Brian Galle, a law professor and tax expert at Georgetown Law. “He’s likely paying less than the shoeshine guy who works in the foyer of the Trump Tower.”

The Times’s disclosure of Trump’s shockingly low federal income payments prompted an outpouring of criticism of what appeared to be his unusually aggressive attempts to evade obligations to the Internal Revenue Service. The Times’s report reveals that Trump also appears to have stretched the boundaries of deductions that allow firms to lower their federal tax burdens on losses and expenses, for instance by paying his daughter Ivanka Trump consulting fees that the firm later claimed as a tax write-off.

Alan Garten, a lawyer for the Trump Organization, said the article was filled with inaccuracies and told The Washington Post in a statement: “Over the past decade the President has

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The Petal Visa Is a Perfect Card if You Have Average Credit and Want Good Cash Back Rewards

When you have “fair” or “average” credit, searching for a new card can feel like walking through minefield. Just when everything seems safe, you could be faced with an extremely high fee or an exorbitant interest rate — or simply be declined for what seemed like a good card for you.



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The people behind the Petal Visa card are trying to solve this problem. They’re offering a new kind of credit card to people with average credit, but one that charges no fees and even features solid cash back rewards.



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Petal Visa Card: Key Terms

  • Rewards: 1% cash back on all purchases, increasing to 1.25% after six months of on-time payments, and 1.5% after 12 on-time monthly payments
  • Annual Fee: None
  • APR: 12.99% – 29.49% Variable

How the Petal Card Works

Applying for a card and being denied

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How Does Your Credit Card Spending Compare to the Average American’s?

Is your credit card balance higher or lower than average?

It’s hard to argue that Americans don’t have a credit card debt problem. By early 2020, total credit card balances in this country reached $893 billion, according to a study on credit card debt done by The Ascent.

While that number is high, it might not provide a completely accurate picture of the average person’s finances. Read on to see how you stack up against our statistics regarding the average American’s credit card spending.

The average American is $6,194 deep in credit card debt

As of mid-2019, the average American’s credit card balance is $6,194. That rather high balance is a number that’s been on the rise for years.

It’s important to note that a minority of consumers pull the average up with extremely high credit card balances. Most people fall below that average. About two-thirds have a credit card

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How the Average Person Can Actually Start An Online Business (and Scale It Into Something Real)


I swear to tell the truth, the whole truth and nothing but the truth.

This isn’t another “how to start a business” article that’s going to leave you with generic tips and general information that sounds good on the surface but provides you no real actionable advice.

Rather, this article is raw, action-packed and may scare some of you. Continue reading at your own discretion.


A 2018 study from Bankrate revealed that only 39% of Americans could have enough savings for a $1,000 emergency fund and 44% couldn’t cover a $400 out-of-pocket emergency expense.

Starting a business can be a difficult task regardless of your financial status, but the degree of difficulty climbs much higher the lower you are

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