Inflation shrinks summer vacation budgets for many Americans, survey says
Half of Americans said they would travel this summer, up from 48% last year, according to a Deloitte survey.
More Americans seeking advice from financial institutions: report
More Americans have said they are reaching out to their financial institutions for advice, according to a survey by Morning Consult. Here’s what you need to know.
Cash usage amongst Gen Z on the rise compared to 12 months ago
‘The Ramsey Show’ co-host Jade Warshaw joined ‘Mornings with Maria’ to discuss the recent rise in use of paper money amongst Gen Z.
Many Americans identify what will help them weather a financial crisis: Survey
Americans said that having a plan for their investments made them feel more confident that they could make the right investment decisions, even during extreme financial crises, according to a recent Nationwide survey.
Financial professionals recommend investing your bonus in your 401(k): Survey
Most financial professionals recommend you contribute your bonuses to your 401(k). But many Americans don’t get bonuses or have 401(k)s. Here’s what you can do.
Mortgage delinquency rates drop to all-time low: CoreLogic
Mortgage delinquency rates in March dropped to an all-time low, according to CoreLogic. But some metro areas saw increases. Here's what you need to know.
Gen Z, Millenials have bleak outlook on financial futures, study finds
Most young adults in the U.S. believe they can improve the world, but fewer than half say they can secure their financial future, according to a new study.
6 tips to save $100 a week and put it toward savings
Building savings can provide a safety cushion for economic downturns as well as provide funds for investment, but due to soaring prices, it's become more difficult.
Dave Ramsey explains the 'shovel-to-hole ratio' to balance debt with income
Ramsey Solutions founder Dave Ramsey discusses needing a sense of 'hope' to make impactful changes in personal finance habits.
Why it’s important to start a retirement plan in your 20s
Saving for retirement early can have lots of benefits for young professionals in their 20s. Being able to retire earlier or with more money is just one example.
Many Americans prioritize saving for retirement despite being squeezed by rising costs: survey
Inflation and rising costs have meant curtailing how many Americans spend money, but 34% said they saved more for retirement this past year, according to the Certified Financial Planner (CFP) Board of Standards cost of living survey.
Top money gift ideas for new college graduates suggested by financial pros
There are many different ways to give a new college graduate money as a gift. Cash is one way, but other monetary gifts can set them up for future success.
Americans save more in HSAs, Fidelity reports HSA assets exceed $16 billion
Fidelity's total assets in health savings accounts (HSA) totaled more than $16 billion. But even as savings increase, some consumers are practicing dangerous financial habits to pay for healthcare.
Inflation and interest rate hikes are negatively impacting Americans' financial well-being: Survey
Inflation and interest rate hikes have negatively impacted Americans' financial well-being and many have made no progress in saving for retirement or building emergency funds, according to a survey by Morning Consult. Here’s what you need to know.
Retire SMART president provides tips on saving for retirement
Retire SMART, LLC President and founder David Brooks shares tips on saving for retirement and discusses the impact of raising the retirement age.
What is ‘cash stuffing’ and how does it work?
Cash stuffing is one way to effectively budget and avoid costly credit card debt. This new spin on a classic budgeting technique helps to track spending.
Many Americans still optimistic about homebuying despite tough economic backdrop: TD Bank
Despite economic headwinds, many Americans say now is a good time to buy and home and have already begun saving for their down payment, according to a recent TD Bank survey.
Bank deposits fell by more than $76 billion
Bank deposits fell by $76.2 billion in April, following the highly publicized closures of Silicon Valley Bank (SVB) and other tech-focused financial institutions. Moreover, high interest rates continue to put pressure on both banks and consumers.
Biden asks student loan companies to prepare for end to payment pause
The Education Department has notified student loan servicers to prepare for an end to the COVID-19 student loan payment pause.
Mortgage rates rise again, but tide may soon change: Freddie Mac
The average 30-year fixed-rate mortgage rate increased to 6.43%, according to Freddie Mac data. An ongoing cooling of inflation could also mean lower mortgage rates throughout the year, Freddie Mac said.