Texas man used to spend $9,000 a month partying, now refuses to work more than 15 hours a week to pay off debt Some young consumers can be reckless with their money, but if that behavior spills over into credit it could have devastating long-term consequences. That’s the concern with Myles, a 23-year-old from Texas … Read more
Bruno Mars owes $50 million in gambling debt? Casino breaks silence Bruno Mars’ gambling debt reports are seemingly false. On Monday, the MGM Resorts told TMZ that the 38-year-old singer “doesn’t have a $50 million gambling tab on the books with them.” Their statement comes after a paper named NewsNation reported that Bruno is in … Read more
The post Bruno Mars Apparently Owes $50 Million in Gambling Debt appeared first on Consequence. Bruno Mars recently entered the ninth year of his residency at Park MGM in Las Vegas, which he extended with 12 shows taking place throughout 2024. But if you believe a report from News Nation, part of the reason Mars’ … Read more
‘This is not a joke’: 20-year-old Texas woman spends 70% of her income on rent and has racked up $4,000 in credit card debt. She laughs it off as ‘girl math.’ Caleb Hammer responds The bank of mom and dad is the de facto safety net for many young Americans. However, Rylie from San Antonio, … Read more
The U.S. Treasury building in Washington, D.C., on March 13, 2023. Al Drago | Bloomberg | Getty Images The debt load of the U.S. is growing at a quicker clip in recent months, increasing about $1 trillion nearly every 100 days. The nation’s debt permanently crossed over to $34 trillion on Jan. 4, after briefly … Read more
Bfree, a tech-enabled debt collection startup based in Nigeria, was founded to automate and introduce ethical debt recovery processes after its founders witnessed the use and adverse effects of aggressive retrieval techniques, such as incessant calling and debt-shaming, by predatory digital lenders. After its launch in 2020, the startup introduced a number of scalable debt … Read more
‘I’d rather be caffeinated than depressed with $6’: Young Americans are rejecting Dave Ramsey’s financial advice — here’s why they say they’re ‘not willing to do anything to get out of debt’ Dave Ramsey has fervently preached financial advice to Americans for decades — but younger generations are now slamming the white-bearded radio host for … Read more
‘Being broke is a mindset’: New York man says he’s $100,000 in debt, but buys Gucci clothes and books expensive vacations. Is he wrong — or would Dave Ramsey agree with him? You may think that your status as “rich” or “poor” is based on your bank account. But according to one New York man, … Read more
‘Quit entertaining these crazy-butt ideas’: This South Carolina teacher earns $158K and is very close to retirement, paid-off home — but is considering more debt for renovations. Should she? Patience is a virtue: one that could come in handy in certain financial situations, according to personal finance guru Dave Ramsey. Dina, a 59-year-old teacher from … Read more
French President Emmanuel Macron welcomes Ukraine’s President Volodymyr Zelenskyy and German Chancellor Olaf Scholz for a meeting at the Elysee Palace in Paris, France, February 8, 2023. Sarah Meyssonnier | Reuters Munich, GERMANY — Should we borrow from global markets as one combined entity and raise new debt together? That’s the question hanging on the … Read more