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.
Interest rates are high. Here's how you can take advantage of them
High-yield savings accounts are offering attractive returns to some savers with the Federal Reserve holding interest rates at the highest level since 2001.
Retirement account balances increase for third straight quarter
Average 401(k) and IRA balances have risen for three straight quarters, Fidelity reported. But some savers face particular hurdles.
Consumers are turning to personal loans to pay off credit card debt: TransUnion
Personal loans have helped many Americans pay down high-interest debt and improve their credit scores amid high inflation and economic uncertainty, according to a report by TransUnion.
Average monthly mortgage payment at near all-time high
High mortgage rates have brought average monthly mortgage payments to near-record highs as Americans deal with economic uncertainty. But there are ways to lower your monthly mortgage 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.
5 ways to pay off debt this Labor Day
Americans with high-interest debt have several options to pay it off including personal loans, balance transfer cards and borrowing from home equity.
GDP growth for Q2 dips on second estimate
Gross domestic product (GDP) increased in Q2 2023 and signs of a strong economy could push the Fed to raise interest rates again. This could have a major impact on consumer debt.
Fidelity retirement savings guidelines ‘transcend’ traditional dollar amounts: Michael Shamrell
Michael Shamrell, vice president of Fidelity's workplace investing thought leadership, shares how to best save for retirement based on your age and salary.
IRS announces changes impacting catch-up contributions
The IRS announced a delay for changes under the Secure 2.0 Act to Americans' catch-up contributions to retirement accounts, allowing those to be made on a pretax basis through 2025.
Americans depend on credit cards more than ever: survey
Americans are relying on credit cards and many said they can’t pay off their balances, according to a Quicken survey.
Buying budget items combats US inflation problem but does not solve it: Jan Wallace
Moms Caitlin Singleton and Amie Bowman, and Boston resident Jan Wallace join ‘The Big Money Show’ to discuss the state of the U.S. economy and the impact it has had on the cost of living.
More than half of Gen Xers stopped saving for retirement, here's why: Survey
Many GenXers stopped saving for retirement because they couldn’t afford it, a Clever survey found. And about half have less than $100,000 saved for retirement. But there are many ways to save.
401(k) participation rates reach all-time high: Vanguard
401(k) participation rates have reached 83% this year, Vanguard said.
If you win the lottery, these are steps to take ASAP
The lucky winner of this week's $1 billion Powerball jackpot, the third-largest purse in history, lives in California, and 36 other million-dollar winners are scattered across the U.S.
Implement these 6 financial tips to help you pay off college loans faster
Student loan debt can put a huge financial strain on graduates. These tips can help students prepare for the college loans they'll likely have to pay.
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.
How to save money from your side hustle
With side hustles rising in popularity, here are some ways to most efficiently allocate the extra income to improve your financial footing and cut down debt.
Student loan scam attempts likely to rise after SCOTUS decision: FTC
Scammers are likely to start contacting borrowers, promising to help them repay their loans after SCOTUS struck down Biden’s student loan forgiveness plan, the FTC said. Here's how borrowers can protect themselves.
Fox poll shows American's personal financial situation worsening under Biden administration
Former U.S. International Trade Commission Chief Peter Morici analyzes the poll showing 45% of Americans are falling behind on personal finances and the rising regulatory costs under the Biden administration.