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.

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.

AI's impact on loan and card approvals
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Artificial intelligence is revolutionizing loan and credit card approvals, but it comes with pros and cons. Fox 26 consumer reporter Heather Sullivan explains how AI is changing the game.

High interest rates could be the new normal
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After the two-day meeting of the federal reserve, financial experts predict that interest rates will remain high for the foreseeable future.

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.

FTC: US anesthesia partners created monopoly
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The Federal Trade Commission says a monopoly has cost Texans tens of millions of dollars more each year for anesthesia services when undergoing medical procedures including here in Houston. The FTC sued a private equity firm and US anesthesia partners today, accusing them of driving up prices. FOX 26 Consumer Reporter Heather Sullivan reports more on the story.

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.

Dollars and Sense: Sept. 20, 2023
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FOX 26 consumer reporter Heather Sullivan shares way to cut costs and make smart money moves.

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.

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.

US national debt hits $33T for first time in history

The U.S. national debt exceeded $33 trillion on Monday for the first time ever, setting off alarm bells over unprecedented levels of government spending.

Buying a car? Here's how to save money
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If the United Auto Workers strike goes on for a while, prepare for more sticker shock on cars. Analysts say it could drive new and used car prices up once again. FOX 26 Consumer Reporter Heather Sullivan has ways to save money when buying a vehicle.

Katy Perry sells music catalog for $225 million

On Monday, the company announced that the deal would include Perry's five studio albums that she recorded for Capitol Records between 2008 and 2020. The sale is worth $225 million, according to multiple reports.

Changes to the FAFSA form for 2023
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FOX 26 Consumer Reporter Heather Sullivan has some smart sense about the changes coming to the FAFSA form for 2023.

Changes to FAFSA form for 2023-24
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If you have a college age student there are big changes to the FAFSA form this year. That's the Free Application for Federal Student Aid and some families may end up paying more while others pay less. FOX 26 Consumer Reporter Heather Sullivan joins us to explain the changes.