Map: Here's the minimum annual income required to be middle class in each state

Map: Here's the minimum annual income required to be middle class in each state

Inflation has surged in the past few years, peaking at 9% in June 2022. That means some families who were middle class in 2020 may no longer be in that category.

Inflation has surged in the past few years, peaking at 9% in June 2022. That means some families who were middle class in 2020 may no longer be in that category.

Medicare Part D drug prices increase more than 200 percent on average: AARP

Medicare Part D drug prices increase more than 200 percent on average: AARP

The average price of 25 prescription brand name drugs with the highest Medicare D spending increased by 226%, AARP reported. But provisions in the Inflation Reduction Act aim to lower the costs of Medicare coverage for retirees.

The average price of 25 prescription brand name drugs with the highest Medicare D spending increased by 226%, AARP reported. But provisions in the Inflation Reduction Act aim to lower the costs of Medicare coverage for retirees.

Gen Zers credit card balances grow the fastest: TransUnion

Gen Zers credit card balances grow the fastest: TransUnion

Overall card balance surged to a record high of $963 billion in the second quarter — Gen Zers debt represented the most significant share of this growth, according to TransUnion.

Overall card balance surged to a record high of $963 billion in the second quarter — Gen Zers debt represented the most significant share of this growth, according to TransUnion.

Over 4 million student borrowers enroll in Biden’s SAVE forgiveness plan

Over 4 million student borrowers enroll in Biden’s SAVE forgiveness plan

The Department of Education said it had received nearly 4 million applications for a new income-driven repayment program since launching at the end of July.

The Department of Education said it had received nearly 4 million applications for a new income-driven repayment program since launching at the end of July.

Here is how you can avoid a tax refund shock next year

Here is how you can avoid a tax refund shock next year

Next year’s tax refund shouldn’t be a shock to Americans if they take stock of their income taxes mid-year, according to Jackson Hewitt.

Next year’s tax refund shouldn’t be a shock to Americans if they take stock of their income taxes mid-year, according to Jackson Hewitt.

These are the most affordable states to buy a home

These are the most affordable states to buy a home

A new report reveals the top most affordable states in the U.S. But some states on the East Coast have particularly high home prices. Here’s what you need to know.

A new report reveals the top most affordable states in the U.S. But some states on the East Coast have particularly high home prices. Here’s what you need to know.

Back-to-school shopping expenses to reach record high: survey

Back-to-school shopping expenses to reach record high: survey

Back-to-school spending in 2023 could reach a record high of more than $40 billion, largely due to demand in electronics, a survey reported. At the same time, Americans continue dealing with high inflation.

Back-to-school spending in 2023 could reach a record high of more than $40 billion, largely due to demand in electronics, a survey reported. At the same time, Americans continue dealing with high inflation.

GDP growth for Q2 dips on second estimate

GDP growth for Q2 dips on second estimate

Gross domestic product (GDP) increased in Q2 2023 and signs of a strong economy could push the Fed to raise interest rates again. This could have a major impact on consumer debt.

Gross domestic product (GDP) increased in Q2 2023 and signs of a strong economy could push the Fed to raise interest rates again. This could have a major impact on consumer debt.

Americans consider using credit cards to afford student loan payments: survey

Americans consider using credit cards to afford student loan payments: survey

Many Americans who used the pause on student loan payments to reduce debt may now have to reverse course, according to a recent Empower survey.

Many Americans who used the pause on student loan payments to reduce debt may now have to reverse course, according to a recent Empower survey.

These states will get a bigger slice of Biden's $39 billion student loan forgiveness pie

These states will get a bigger slice of Biden's $39 billion student loan forgiveness pie

Borrowers in states with the highest borrowing rates are set to get the biggest share of Biden's student loan forgiveness under the new income-driven repayment plans.

Borrowers in states with the highest borrowing rates are set to get the biggest share of Biden's student loan forgiveness under the new income-driven repayment plans.

Gas prices drop ahead of Labor Day weekend: AAA

Gas prices drop ahead of Labor Day weekend: AAA

The average price of gas dropped this week as oil prices follow a downward trend, according to AAA. Motorists may see some pressure at the pump as they get closer to Labor Day weekend.

The average price of gas dropped this week as oil prices follow a downward trend, according to AAA. Motorists may see some pressure at the pump as they get closer to Labor Day weekend.

Home price growth reaches highest level since last year: Redfin

Home price growth reaches highest level since last year: Redfin

Home prices increased 2.6% from last year, Redfin reported. And a lack of housing inventory could be placing barriers to homeownership and driving up prices. Still, the Fed's doubts over a possible recession may fuel a housing rebound.

Home prices increased 2.6% from last year, Redfin reported. And a lack of housing inventory could be placing barriers to homeownership and driving up prices. Still, the Fed's doubts over a possible recession may fuel a housing rebound.

Can the Federal Reserve keep raising interest rates?

Can the Federal Reserve keep raising interest rates?

After a year of rising interest rates, the Federal Reserve is expected to change course at its next meeting.

After a year of rising interest rates, the Federal Reserve is expected to change course at its next meeting.

Gen Xers face alarming retirement shortfall, study says

Gen Xers face alarming retirement shortfall, study says

The typical Gen X household has saved less than what is needed to finance a secure retirement, according to a study from the National Institute on Retirement Savings.

The typical Gen X household has saved less than what is needed to finance a secure retirement, according to a study from the National Institute on Retirement Savings.

Biden forges ahead with new student loan forgiveness repayment plan after clearing legal hurdle

Biden forges ahead with new student loan forgiveness repayment plan after clearing legal hurdle

President Joe Biden can move ahead with a new income-driven repayment plan that will forgive as much as $39 billion of student loans after a judge dismissed a legal challenge to the plan earlier this week.

President Joe Biden can move ahead with a new income-driven repayment plan that will forgive as much as $39 billion of student loans after a judge dismissed a legal challenge to the plan earlier this week.