Funeral services are expensive. In 2019, the median funeral cost was $7,640—$5,150 for a funeral with cremation—according to the National Funeral Directors Association.
The Consumer Product Safety Commission (CPSC) has jurisdiction over more than 10,000 types of consumer products. Mandatory standards govern only a small number of products.
For many older adults, travel is important as a way to encounter new experiences, visit with friends and family, and obtain necessary medical care.
Federal, state, and local consumer protection agencies all have a role in safeguarding consumers against fraud, deception, and unfair practices.
To save and invest, individuals need access to the banking system and credit.
Banks are granted charters to help meet the needs and convenience of the communities where they are located, including low- and moderate-income neighborhoods.
Credit cards are a fixture of U.S. economic life.
In 2020, Americans owed $1.5 trillion in outstanding student loan debt, second only to mortgage debt.
The Consumer Financial Protection Bureau (CFPB) enforces most federal laws that protect consumers when they apply for and obtain credit.
According to a 2020 survey by the National Foundation for Credit Counseling, 69 percent of Americans struggle to minimize their debt.