Fed pauses interest rate hikes in September but could raise rates again this year
The Federal Reserve paused interest rates in its September meeting. But inflation remains high as Americans deal with record credit card debt. Here’s what to do.
The Federal Reserve paused interest rates in its September meeting. But inflation remains high as Americans deal with record credit card debt. Here’s what to do.
Student loan repayment may force some to take on more debt: survey
Many student loan borrowers are anxious that they won't be able to meet their payment obligations once repayments resume in October, according to a recent survey by Achieve.
Many student loan borrowers are anxious that they won't be able to meet their payment obligations once repayments resume in October, according to a recent survey by Achieve.
Social Security payments could rise 3.2 percent in 2024
The Social Security cost of living adjustment could increase to 3.2% in response to high inflation. But it’s far from the 2023 record raise and many Americans still struggle to generate retirement income.
The Social Security cost of living adjustment could increase to 3.2% in response to high inflation. But it’s far from the 2023 record raise and many Americans still struggle to generate retirement income.
Here's how much it costs to raise a child in your state
Data shows the average annual cost to raise a child rose nearly 20% between 2016 and 2021.
Data shows the average annual cost to raise a child rose nearly 20% between 2016 and 2021.
Data reveals states with the highest credit card debt
Credit card debt topped $1 trillion nationwide.
Credit card debt topped $1 trillion nationwide.
What is today’s lowest mortgage rate? Consider shorter terms | September 15, 2023
Check out the mortgage rates for September 15, 2023, which are mixed from yesterday.
Check out the mortgage rates for September 15, 2023, which are mixed from yesterday.
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
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
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
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
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
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 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.
Today’s lowest mortgage rate? 10-year terms at 6.25 percent | September 5, 2023
Check out the mortgage purchase rates for September 5, 2023, which are largely trending down from Friday.
Check out the mortgage purchase rates for September 5, 2023, which are largely trending down from Friday.
Fidelity reveals how much money you need to retire for the lifestyle 'you're hoping for'
Fidelity gives guidance to 'encourage people to save for retirement.'
Fidelity gives guidance to 'encourage people to save for retirement.'
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
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
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
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 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.