What happens when you close a credit card?
Some aspects of a person's credit score will be affected immediately upon closing an account.
Negative car equity is rising: Here's how you can avoid owing more than your car is worth
The average negative equity value of auto trade-ins was $5,341 in the fourth quarter of 2022, up 29% from the previous year, according to Edmunds.
Seniors to get moderate cost of living bump in Social Security payments next year
The Social Security Administration announced 2025's cost of living adjustment (COLA) to Social Security checks.
Inflation and rising costs pushes Americans to make risky financial choices: Survey
High inflation and interest rates pushed 35% of Americans to drain cash from emergency savings and 26% have skipped or are considering becoming delinquent on their credit cards, a recent survey from Achieve said.
Gas prices pump higher as the cost of oil rises: AAA
Gas prices increased by nine cents to $3.64 per gallon as oil prices rise. And although gas prices have dropped year-over-year, Americans have been facing high inflation in 2023.
Many Americans plan to use their tax refunds to build savings in 2023, survey says
Americans challenged by inflation and rising costs plan to save less than $5,000 in 2023 and many are relying on tax refunds to make ends meet, a recent TaxAct survey said.
More Americans taking 'side hustles' to make ends meet
In today's expensive world, many Americans are turning to side hustles to make ends meet. From pet-sitting to food delivery, people are taking on extra work to pay for unexpected expenses and to gain disposable income.
Seniors worry Social Security increase not enough to cover rising costs: Survey
More than half of survey respondents said the latest increase to Social Security benefits doesn't adequately cover rising costs. As inflation rises, the increase in spending exceeded the latest 8.7% COLA adjustment.
Gas prices increase as OPEC cuts oil production
After OPEC announced it intends to decrease production starting in May, gas prices increased, according to AAA’s latest gas prices report.
As inflation persists, Americans choosing money over love, staying in relationships for financial dependency
A new survey found nearly a quarter of coupled Americans reported staying in their current relationships due to financial dependency.
Apple Pay Later launches after a six-month delay
Apple announced the soft launch of its long-awaited buy now, pay later service option for Apple Wallet.
Self-directed retirement plan balances increased in Q4: report
Self-directed retirement plan balances as well as balances for 401(k)s, 403(b)s and individual retirement accounts (IRA)s increased at the end of 2022, despite year-over-year losses.
Mortgage rates expected to rise amid economic volatility: Realtor.com
Despite a recent decrease in mortgage rates, economic pressure could elevate rates for the near term, according to an analysis by Realtor.com. But homebuyers may find some solace in overall lower home prices, stronger negotiating power and smaller down payments, another report suggests.
Gas prices drop despite rising demand, tighter supply: AAA
Gas prices decreased this week to $3.49 per gallon, AAA reported. And prices could hold steady as the price of oil remains low, despite a rise in demand for gas.
US home values fell $2.3 trillion in 2022, but homeowners still benefiting from pandemic era gains: Redfin
The total value of U.S. homes was $45.3 trillion at the end of 2022, down 4.9% from a record high of $47.7 trillion in June – the most significant June-to-December drop in percentage terms since 2008, according to Redfin.
Gas prices hold steady despite market turmoil: AAA
The national average cost for a gallon of gas held steady at $3.46, even as oil prices plunged to levels not seen since August 2021, AAA said.
Gas prices increase, but the tide may change: AAA
Gas prices increased for the week ending March 9, 2023. But global oil costs, low demand and other factors may lead to a drop in gas prices.
Half of Americans say they're financially worse than last year: survey
Half of Americans say they are worse off financially than they were a year ago, according to a new poll. Here’s how to manage your budget in any economy.
How to buy a home with a low credit score
Several loan options are available for homebuyers with poor or fair credit. Here's what to expect when buying a home with a low credit score.
Americans feeling most pessimistic about financial future since 2010, survey shows
Just 31% of Americans expect their personal financial situation to improve over the next year.