Social Security cuts: Retirees could face more than $17,000 in annual benefits losses

Social Security cuts: Retirees could face more than $17,000 in annual benefits losses

Social Security could run out of money to make full benefits payments in 2033, spurring as much as $23,000 in benefits cuts for retirees, a study found. Here’s what you need to know.

Social Security could run out of money to make full benefits payments in 2033, spurring as much as $23,000 in benefits cuts for retirees, a study found. Here’s what you need to know.

Student loan repayment: Nearly half of Americans with college debt to cut essential spending

Student loan repayment: Nearly half of Americans with college debt to cut essential spending

With student loan payments underway after the federal pause ended, many Americans are cutting back on essentials to make ends meet, MassMutual found. But Biden’s student loan relief initiatives aim to help borrowers now.

With student loan payments underway after the federal pause ended, many Americans are cutting back on essentials to make ends meet, MassMutual found. But Biden’s student loan relief initiatives aim to help borrowers now.

Car insurance cost rises 17%: Here are some factors that can help lower your bill

Car insurance cost rises 17%: Here are some factors that can help lower your bill

Insurance premiums have increased by 17% over the past 12 months, but drivers can use some cost-reducing strategies to lower those premiums, according to a recent Experian report.

Insurance premiums have increased by 17% over the past 12 months, but drivers can use some cost-reducing strategies to lower those premiums, according to a recent Experian report.

Fear over Social Security's future pushes Americans to claim benefits early: survey

Fear over Social Security's future pushes Americans to claim benefits early: survey

Most Americans understand Social Security, but concern over its future is pushing many to claim retirement benefits early, a recent Schroders survey said.

Most Americans understand Social Security, but concern over its future is pushing many to claim retirement benefits early, a recent Schroders survey said.

Gas prices unseasonably high despite a drop in demand: AAA

Gas prices unseasonably high despite a drop in demand: AAA

Nationwide gas prices dipped on average by only three cents to $3.83 for the week ending Sept. 28, according to AAA.

Nationwide gas prices dipped on average by only three cents to $3.83 for the week ending Sept. 28, according to AAA.

Americans to deplete pandemic era savings by end of Q3

Americans to deplete pandemic era savings by end of Q3

After accumulating record breaking excess savings in the COVID-19 recession, Americans could soon deplete these reserves, the San Francisco Fed reported.

After accumulating record breaking excess savings in the COVID-19 recession, Americans could soon deplete these reserves, the San Francisco Fed reported.

How a government shutdown could affect student loan payments

How a government shutdown could affect student loan payments

With a government shutdown looming, student loan borrowers could face more headaches once student loan repayments resume after a three year pause. Here’s what you need to know.

With a government shutdown looming, student loan borrowers could face more headaches once student loan repayments resume after a three year pause. Here’s what you need to know.

Student loan scams surge as October repayment date approaches

Student loan scams surge as October repayment date approaches

Scammers are looking to take advantage of borrowers in need of financial assistance as student loan payments start back up.

Scammers are looking to take advantage of borrowers in need of financial assistance as student loan payments start back up.

Inflation is affecting parents' ability to pay for education: survey

Inflation is affecting parents' ability to pay for education: survey

Inflation is taking a toll on back-to-school shopping expenses in 2023 as parents struggle with funding their children's education, supplies and extracurriculars, according to a survey.

Inflation is taking a toll on back-to-school shopping expenses in 2023 as parents struggle with funding their children's education, supplies and extracurriculars, according to a survey.

Fed pauses interest rate hikes in September but could raise rates again this year

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

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

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.

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.

Here's how to lower your monthly student loan payments

Here's how to lower your monthly student loan payments

There are many ways to lower student loan payments or get forgiveness. These include the Saving on A Valuable Education (SAVE) plan, income-driven repayment (IDR) plans, public service loan forgiveness (PSLF) and more.

There are many ways to lower student loan payments or get forgiveness. These include the Saving on A Valuable Education (SAVE) plan, income-driven repayment (IDR) plans, public service loan forgiveness (PSLF) and more.

Shopping on an impulse is derailing American budgets – here's how to take control

Shopping on an impulse is derailing American budgets – here's how to take control

Almost 56% of U.S. consumers said they had a spending plan, but 49% said that impulse purchases had caused financial stress, according to the survey by You Need a Budget.

Almost 56% of U.S. consumers said they had a spending plan, but 49% said that impulse purchases had caused financial stress, according to the survey by You Need a Budget.

What's today’s lowest mortgage rate? Look at today's shorter terms | September 11, 2023

What's today’s lowest mortgage rate? Look at today's shorter terms | September 11, 2023

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as "Credible" below, is to give you the tools and confidence you need to improve your finances.

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as "Credible" below, is to give you the tools and confidence you need to improve your finances.