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 adjust,” the central…
Read more 5 top money moves to consider before the Federal Reserve’s first rate cut since 2020The 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 Powell said at a press…
Read more How to position yourself to benefit from the Fed’s first rate cut in years, according to financial expertsWe 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. The country’s economy…
Read more 59% of Americans wrongly think the U.S. is in a recession, report findsNadya Lukic | E+ | Getty Images Most Americans may not even remember the last time they wrote a check. Only 15% of adults said they wrote a…
Read more The death of the personal check: As retailers move toward ‘check zero,’ here’s what that means for youRecent 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, a key inflation…
Read more 3 money moves to make ahead of the Federal Reserve’s first rate cut in yearsTo keep up with the high cost of living, many young adults turn to a likely safety net: their parents. Nearly half, or 46%, of Gen Zers between…
Read more Nearly half of Gen Zers get help from the bank of mom and dad, report findsOverwhelming 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 but also their…
Read more Nearly half of young adults have ‘money dysmorphia,’ survey finds. Here are the symptomsSkynesher | E+ | Getty Images New government data shows a surprisingly strong job market for the month of January. But there are signs of weakness in the…
Read more Tens of thousands of workers were laid off in January. If you were affected, here’s how you may find work fasterLuis Alvarez | Digitalvision | Getty Images While rent payments do not traditionally affect your credit, a growing number of so-called rent-reporting services are trying to change that.…
Read more Paying rent usually won't boost your credit score. Here's what renters need to know to make it countFg Trade | E+ | Getty Images Rising inventory is helping push rent prices down. For young adults, building credit is a smart step to take as they…
Read more Here are 3 ways Gen Zers can build credit before renting their own placeA shopper carries several bags in the Magnificent Mile shopping district of Chicago on Dec. 2, 2023. Taylor Glascock | Bloomberg | Getty Images The U.S. economy has…
Read more Is the U.S. in a ‘silent depression?’ Economists weigh in on the viral TikTok theoryMarket optimism over the potential for interest rate cuts next year is dangerously overdone, according to former FDIC Chair Sheila Bair. Bair, who ran the FDIC during the…
Read more Fed sparking irrational market optimism over potential rate cuts, former FDIC Chair Sheila Bair warnsWhy 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, in the fourth…
Read more High mortgage rates have limited opportunities for homebuyers and sellers. How that may change in 2024A “For Sale” sign in Arlington, Virginia, on Aug. 22, 2023. Andrew Caballero-Reynolds | AFP | Getty Images Fewer people can afford to buy a house these days.…
Read more To buy a house in today’s market, more people turn to an alternative lender: their parentsAraya 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. To supplement his…
Read more Public workers may receive reduced Social Security benefits. There’s growing support in Congress to change thatThe need for second — and often third — incomes is mounting, according to a top digital bank executive. Current CEO Stuart Sopp finds almost half of the…
Read more One paycheck not enough: Digital bank Current finds almost half its customers have multiple jobsIgor Golovniov | SOPA Images | LightRocket via Getty Images For many purchases, once you swipe your debit or credit card or click “buy now,” that transaction swiftly…
Read more This Apple App Store billing policy can lead to overdraft fees, budget woes: ‘It’s a bizarre practice,’ developer saysJozef Polc / 500Px | 500Px Plus | Getty Images The Social Security Administration has announced a 3.2% cost-of-living adjustment for 2024. These benefit adjustments are made annually…
Read more Social Security cost-of-living adjustment will be 3.2% in 2024, well below this year’s record-setting increaseMany 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 to the St. Louis…
Read more ‘House-rich’ Americans are sitting on nearly $30 trillion in home equity. Here’s how to tap iteclipse_images | E+ | Getty Images ATM fees rise while overdraft and NSF fees fall “ATM fees are biting harder than ever,” said Greg McBride, Bankrate’s chief financial…
Read more Despite crackdown on junk fees, this banking surcharge just hit a record high
