Survey reveals Americans' 2 biggest financial regrets
Amid ongoing inflation, a new survey found that the majority of Americans have financial regrets. Here's what they are.
Less than a third of Americans approve of how Biden has handled student loan debt
Borrowers with student loans find student loan debt forgiveness important, but not all approve of how loans have been handled.
Fathers earned 31% more in annual wages than mothers in 2023, study finds
A recent study shows that in 2023, fathers earned 31% more than mothers, underscoring the persistent "motherhood penalty" in the workforce.
Inflation levels remain unchanged in May, brings 2 percent target into focus
Inflation remained relatively unchanged in May, according to the latest inflation report. Here's what that means for interest rates.
50 percent of Americans saving for college don't know about a 529 savings plan: survey
Despite the many advantages 529 savings plans provide, many Americans are not using them as part of the education saving strategy, a recent Edward Jones survey said.
Buy now, pay later products to be treated like credit cards, CFPB says
BNPL lenders must now follow the federal Truth in Lending Act (TILA) and Regulation Z rules that apply to credit cards, the CFPB said.
These US cities have the biggest inflation problems, study finds
High inflation continues to impact the economy, and these cities are feeling it the most.
71 percent of Americans waiting on interest rate cuts before hunting for homes: survey
Sixty-seven percent of Americans still dream of owning a home, but 71% said they are waiting for mortgage rates to drop before entering the market, according to a recent BMO Financial survey.
Borrowers urged to apply for Navient's private student loan forgiveness
The Project on Predatory Student Lending (PPSL) launched a campaign to raise awareness of Navient's discharge program for certain borrowers seeking relief because their school lied to them.
15 million Americans still harmed by medical debt despite credit agencies' changes
The CFPB said some 15 million Americans are still struggling with more than $49 billion in outstanding medical bills in collections on their credit reports.
Social Security check may be bigger next year. Here's why
Social Security COLA estimate rises amid stubborn inflation.
Most common hidden ‘junk fees’ and how much they cost you
Junk fees increase the total cost of many goods and services including concert tickets, hotel rooms, gym memberships and utility bills.
Most baby boomers heading toward retirement have little saved: study
Baby Boomers in their 60s have little saved for retirement while many Gen Xers have nothing saved.
Social Security fund gains extra year of solvency – benefits will begin to be reduced in 2035
Social Security trust funds will not run out of money until 2035, at which point Seniors can expect their benefits to be reduced by 17% unless Congress takes steps to shore up the program.
What do higher-for-longer interest rates mean for your money?
Americans will be forced to adapt to a new normal where savers benefit from higher rates, but borrowers face steeper debt payments on everything from credit cards to mortgages to student loans.
Students may qualify for a financial aid refund from their college under new Education Department proposal
With FAFSA errors and rising education costs, the return of unused financial aid may be a welcome relief to students.
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.
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.
Monthly costs for homebuyers rise nearly 20%
The average rate on 30-year fixed mortgage rose to 6.9% this week.
Retirement account balances rise despite economic turmoil: Fidelity
401(k), IRA and 403(b) plan balances increased for the second straight quarter in Q1 2023, Fidelity Investments reported.