Here's how high interest rates can help build your savings
The Federal Reserve's efforts to lower inflation have pushed interest rates to an all-time high, which means consumers pay more to borrow but could be earning more on savings, a recent survey by Santander said.
The Federal Reserve's efforts to lower inflation have pushed interest rates to an all-time high, which means consumers pay more to borrow but could be earning more on savings, a recent survey by Santander said.
Americans need extra $11K to afford same standard of living in 2021, Republican analysis finds
A new analysis has revealed how much more money Americans need now to meet the cost of living standards seen in 2021– prior to a rise in inflation.
A new analysis has revealed how much more money Americans need now to meet the cost of living standards seen in 2021– prior to a rise in inflation.
Social Security: COLA increasing but Medicare costs rising too in 2024
Social Security checks are increasing next year thanks to the annual cost of living adjustments (COLA). However, the standard monthly cost of Medicare Part B will increase by $9.80, or 6%, to $174.70 in 2024, according to the Centers for Medicare and Medicaid Services (CMS).
Social Security checks are increasing next year thanks to the annual cost of living adjustments (COLA). However, the standard monthly cost of Medicare Part B will increase by $9.80, or 6%, to $174.70 in 2024, according to the Centers for Medicare and Medicaid Services (CMS).
Gas prices’ downward trend continues – for now: AAA
Nationwide gas prices continue to fall. Lower gas demand has been a main contributor in limiting pump price increases amid rising oil prices, according to AAA.
Nationwide gas prices continue to fall. Lower gas demand has been a main contributor in limiting pump price increases amid rising oil prices, according to AAA.
Homeowners could save tens of thousands in damages by using smart devices
Homeowners may miss out on significant insurance discounts by overlooking the benefits of smart home devices, according to a Nationwide study.
Homeowners may miss out on significant insurance discounts by overlooking the benefits of smart home devices, according to a Nationwide study.
US third quarter GDP estimate revised upwards on second reading
Real GDP increased at an annual rate of 5.2% for the July-through-September period after rising 2.1% in the second quarter this year, according to the BEA's second estimate released Thursday.
Real GDP increased at an annual rate of 5.2% for the July-through-September period after rising 2.1% in the second quarter this year, according to the BEA's second estimate released Thursday.
Student loan payments render the holidays unaffordable for many: survey
Student loan repayments will make the season unaffordable for many Gen Z and millennials this year, according to a recent Credit Karma survey.
Student loan repayments will make the season unaffordable for many Gen Z and millennials this year, according to a recent Credit Karma survey.
Home prices continued ascent in September despite soaring mortgage rates: Case-Shiller
Nationwide, home prices rose by 0.3% in September and now stand 3.9% above their year-ago level, according to the latest S&P CoreLogic Case-Shiller Indices report.
Nationwide, home prices rose by 0.3% in September and now stand 3.9% above their year-ago level, according to the latest S&P CoreLogic Case-Shiller Indices report.
Consumers plan to increase spending this holiday season: survey
Shoppers across all income levels plan to spend more this year for the holiday, a recent Deloitte survey said.
Shoppers across all income levels plan to spend more this year for the holiday, a recent Deloitte survey said.
Fed may not be done with interest rate hikes – Here's how that could impact your debt
Federal Reserve Chairman Jerome Powell said that the progress made on moderating inflation has been gratifying but that there was still a long way to go to bring it to a 2% target rate.
Federal Reserve Chairman Jerome Powell said that the progress made on moderating inflation has been gratifying but that there was still a long way to go to bring it to a 2% target rate.
Social Security clawed back overpayments tied to COVID-19 stimulus – lawmakers want answers
Some Social Security recipients have erroneously seen their benefits suspended or have been assessed overpayments due to COVID-19 stimulus checks.
Some Social Security recipients have erroneously seen their benefits suspended or have been assessed overpayments due to COVID-19 stimulus checks.
IRS delays $600 payment reporting rule for Venmo, Cash App and other payment apps
The IRS announced on Tuesday that it will delay implementing its $600 tax reporting requirement that was to take effect for the 2023 tax filing season.
The IRS announced on Tuesday that it will delay implementing its $600 tax reporting requirement that was to take effect for the 2023 tax filing season.
Social Security reform would restore full benefits to public workers
Reform to provisions designed to even the playing field between workers who paid Social Security and public sector workers who don't but benefit from a pension program could cost as much as $150 billion.
Reform to provisions designed to even the playing field between workers who paid Social Security and public sector workers who don't but benefit from a pension program could cost as much as $150 billion.
Nearly a million student loan borrowers back in forbearance following servicer billing errors
The Department of Education has withheld millions of dollars of payment to student loan servicers over billing errors that triggered delinquencies for many students.
The Department of Education has withheld millions of dollars of payment to student loan servicers over billing errors that triggered delinquencies for many students.
Push to cap loan interest fees at 36 percent may leave subprime borrowers without credit, trade groups warn
New legislation seeks to cap interest rates on all consumer loans, but banking groups warn it could do more harm than good.
New legislation seeks to cap interest rates on all consumer loans, but banking groups warn it could do more harm than good.
Flat October inflation leaves consumer prices unchanged
Consumer prices held steady in October as prices remained the same as the month before, and on an annual basis, prices rose 3.2% in October, a deceleration from the 3.7% growth in September.
Consumer prices held steady in October as prices remained the same as the month before, and on an annual basis, prices rose 3.2% in October, a deceleration from the 3.7% growth in September.
Credit card balances grow $48 billion in the third quarter: NY Fed
Credit card balances spiked by $154 billion year over year, notching the most significant increase since 1999, according to the New York Fed.
Credit card balances spiked by $154 billion year over year, notching the most significant increase since 1999, according to the New York Fed.
Homebuying to remain slow through 2023: agent survey
High mortgage rates and home prices may keep homebuyers on the sidelines through 2023, a survey found. But you can still find the best mortgage rate by comparing your options.
High mortgage rates and home prices may keep homebuyers on the sidelines through 2023, a survey found. But you can still find the best mortgage rate by comparing your options.
Retirement savings are getting sucked up in a financial vortex: Goldman Sachs
U.S. workers have upped their retirement savings, but competing spending continues to challenge most from reaching their goals, a recent Goldman Sachs Asset Management (GSAM) retirement report said.
U.S. workers have upped their retirement savings, but competing spending continues to challenge most from reaching their goals, a recent Goldman Sachs Asset Management (GSAM) retirement report said.
Gas prices’ steady decline might gain momentum as holidays approach: AAA
Nationwide gas prices continue to fall as demand likely remains flat. The steady decline could accelerate following recent drops in the price of oil, according to AAA.
Nationwide gas prices continue to fall as demand likely remains flat. The steady decline could accelerate following recent drops in the price of oil, according to AAA.