Personal debt – ReportWire

5 top money moves to consider before the Federal Reserve’s first rate cut since 2020

[ad_1] Last week, Federal Reserve Chair Jerome Powell all but confirmed that an interest rate cut is coming soon. “The time has come for policy to...

Banking8 months ago

How to position yourself to benefit from the Fed’s first rate cut in years, according to financial experts

[ad_1] The Federal Reserve could start lowering interest rates as soon as next month, based on the latest inflation data. “We think that the time is approaching,” Fed Chair Jerome...

Real Estate8 months ago

59% of Americans wrongly think the U.S. is in a recession, report finds

[ad_1] We are not in a recession “Right now we have a ‘Goldilocks’ economy,” said Gene Goldman, chief investment officer at Cetera Financial Group in El Segundo, California....

Banking9 months ago

The death of the personal check: As retailers move toward ‘check zero,’ here’s what that means for you

[ad_1] Nadya Lukic | E+ | Getty Images Most Americans may not even remember the last time they wrote a check. Only 15% of adults said...

Banking9 months ago

3 money moves to make ahead of the Federal Reserve’s first rate cut in years

[ad_1] Recent signs that inflation is easing have paved the way for the Federal Reserve to start lowering interest rates as soon as this fall. The consumer price index,...

Real Estate10 months ago

Nearly half of Gen Zers get help from the bank of mom and dad, report finds

[ad_1] To keep up with the high cost of living, many young adults turn to a likely safety net: their parents. Nearly half, or 46%, of...

Business1 year ago

Nearly half of young adults have ‘money dysmorphia,’ survey finds. Here are the symptoms

[ad_1] Overwhelming evidence suggests social media has a negative impact on self-esteem. That’s not only true for how people feel about their appearance and social status...

World News1 year ago

Tens of thousands of workers were laid off in January. If you were affected, here’s how you may find work faster

[ad_1] Skynesher | E+ | Getty Images New government data shows a surprisingly strong job market for the month of January. But there are signs of...

Real Estate1 year ago

Paying rent usually won't boost your credit score. Here's what renters need to know to make it count

[ad_1] Luis Alvarez | Digitalvision | Getty Images While rent payments do not traditionally affect your credit, a growing number of so-called rent-reporting services are trying...

Real Estate1 year ago

Here are 3 ways Gen Zers can build credit before renting their own place

[ad_1] Fg Trade | E+ | Getty Images Rising inventory is helping push rent prices down. For young adults, building credit is a smart step to...

Real Estate1 year ago

Is the U.S. in a ‘silent depression?’ Economists weigh in on the viral TikTok theory

[ad_1] A shopper carries several bags in the Magnificent Mile shopping district of Chicago on Dec. 2, 2023. Taylor Glascock | Bloomberg | Getty Images The...

World News1 year ago

Fed sparking irrational market optimism over potential rate cuts, former FDIC Chair Sheila Bair warns

[ad_1] Market optimism over the potential for interest rate cuts next year is dangerously overdone, according to former FDIC Chair Sheila Bair. Bair, who ran the...

Real Estate1 year ago

High mortgage rates have limited opportunities for homebuyers and sellers. How that may change in 2024

[ad_1] Why many homeowners are ‘staying put’ Last week, the average interest rate for certain 30-year fixed-rate mortgages decreased to 7.37% from 7.41% the prior week,...

Real Estate1 year ago

To buy a house in today’s market, more people turn to an alternative lender: their parents

[ad_1] A “For Sale” sign in Arlington, Virginia, on Aug. 22, 2023. Andrew Caballero-Reynolds | AFP | Getty Images Fewer people can afford to buy a...

Business1 year ago

Public workers may receive reduced Social Security benefits. There’s growing support in Congress to change that

[ad_1] Araya Doheny | Getty Images When Dave Bernstein, 87, started working at the U.S. Postal Service in February 1970, he was making $2.35 an hour....

Banking1 year ago

One paycheck not enough: Digital bank Current finds almost half its customers have multiple jobs

[ad_1] The need for second — and often third — incomes is mounting, according to a top digital bank executive. Current CEO Stuart Sopp finds almost...

Banking1 year ago

This Apple App Store billing policy can lead to overdraft fees, budget woes: ‘It’s a bizarre practice,’ developer says

[ad_1] Igor Golovniov | SOPA Images | LightRocket via Getty Images For many purchases, once you swipe your debit or credit card or click “buy now,”...

Business2 years ago

Social Security cost-of-living adjustment will be 3.2% in 2024, well below this year’s record-setting increase

[ad_1] Jozef Polc / 500Px | 500Px Plus | Getty Images The Social Security Administration has announced a 3.2% cost-of-living adjustment for 2024. These benefit adjustments...

Real Estate2 years ago

‘House-rich’ Americans are sitting on nearly $30 trillion in home equity. Here’s how to tap it

[ad_1] Many Americans are house-rich, at least on paper. Thanks to skyrocketing housing prices, homeowners are now sitting on nearly $30 trillion in home equity, according...

Banking2 years ago

Despite crackdown on junk fees, this banking surcharge just hit a record high

[ad_1] eclipse_images | E+ | Getty Images ATM fees rise while overdraft and NSF fees fall “ATM fees are biting harder than ever,” said Greg McBride,...