11K views · 88 reactions | A new rule by the Consumer Financial Protection Bureau (CFPB), which will take effect next year, would allow debt collectors to contact you on social platforms like Facebook, Instagram, and Twitter. CR's Lisa L. Gill and Tim Marvin discuss this new rule, what it means for consumers, and what steps to take if you're contacted by a debt collector today. For more information, visit CR.org/debtcollectordms | Consumer Reports | Facebook

Here’s how much debt the average American is carrying — and why so many people feel stuck financially 👇 1️⃣ Gen Z (18-23): $9,593�2️⃣ Millennials (24-39): $78,396�3️⃣ Gen X (40-55): $135,841�4️⃣ Boomers (56-74): $96,984�5️⃣ Silent Gen (75 ): $40,925 Total consumer debt in the U.S. just passed $18 trillion, and the biggest spike happens right now — during the holidays. This is why most people feel like they’re working harder but never getting ahead — income rises, but debt rises with it. �#debtf