Gen Xers face alarming retirement shortfall, study says
The typical Gen X household has saved less than what is needed to finance a secure retirement, according to a study from the National Institute on Retirement Savings.
The typical Gen X household has saved less than what is needed to finance a secure retirement, according to a study from the National Institute on Retirement Savings.
Gas prices fire up as summer draws to a close: AAA
The national average price for a gallon of gas increased this week despite a decrease in oil prices, AAA reported. But severe weather could have a major impact on gas prices in the weeks to come.
The national average price for a gallon of gas increased this week despite a decrease in oil prices, AAA reported. But severe weather could have a major impact on gas prices in the weeks to come.
Biden forges ahead with new student loan forgiveness repayment plan after clearing legal hurdle
President Joe Biden can move ahead with a new income-driven repayment plan that will forgive as much as $39 billion of student loans after a judge dismissed a legal challenge to the plan earlier this week.
President Joe Biden can move ahead with a new income-driven repayment plan that will forgive as much as $39 billion of student loans after a judge dismissed a legal challenge to the plan earlier this week.
Kids learn financial literacy thanks to new comic book
A new comic book, “Sammy The Saver,“ aims to teach children the value of saving and budgeting.
A new comic book, “Sammy The Saver,“ aims to teach children the value of saving and budgeting.
Today’s lowest mortgage rates? Consider today's shorter terms | August 10, 2023
Check out the mortgage purchase rates for August 10, 2023, which are largely unchanged from yesterday.
Check out the mortgage purchase rates for August 10, 2023, which are largely unchanged from yesterday.
Is not having a 401(k) as a benefit becoming a deal breaker for new hires?
A 401(k) is usually workers’ first experience with investing, expert says
A 401(k) is usually workers’ first experience with investing, expert says
Student loans: More than half of borrowers say they may miss a payment
Many student loan borrowers are worried they'll miss at least one payment when repayment begins, according to a survey by Morning Consult. But the Biden administration announced new student loan relief initiatives after the Supreme Court shut down its student loan forgiveness plan.
Many student loan borrowers are worried they'll miss at least one payment when repayment begins, according to a survey by Morning Consult. But the Biden administration announced new student loan relief initiatives after the Supreme Court shut down its student loan forgiveness plan.
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.
401(k), IRA and 403(b) plan balances increased for the second straight quarter in Q1 2023, Fidelity Investments reported.
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.
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.
Biden announces new student loan forgiveness plan for borrowers making less than 125K
Under the Higher Education Act, the Biden administration is taking another shot at student loan forgiveness after SCOTUS struck down its plans.
Under the Higher Education Act, the Biden administration is taking another shot at student loan forgiveness after SCOTUS struck down its plans.
Biden administration announces SAVE plan after SCOTUS student loan decision
The White House announced SAVE, a new income-driven student loan repayment plan and other initiatives following the Supreme Court's decision to strike down widespread student loan forgiveness.
The White House announced SAVE, a new income-driven student loan repayment plan and other initiatives following the Supreme Court's decision to strike down widespread student loan forgiveness.
Mortgage rates inch to the highest level so far this year: Freddie Mac
The average 30-year fixed-rate mortgage increased to 6.81% for the week ending July 6, according to Freddie Mac's latest Primary Mortgage Market Survey.
The average 30-year fixed-rate mortgage increased to 6.81% for the week ending July 6, according to Freddie Mac's latest Primary Mortgage Market Survey.
Recession expected by end of 2023: Fannie Mae
A recession is likely in 2023, Fannie Mae forecasted. And the Fed may continue to raise interest rates after its June pause, despite projections that inflation will continue to cool.
A recession is likely in 2023, Fannie Mae forecasted. And the Fed may continue to raise interest rates after its June pause, despite projections that inflation will continue to cool.
Record number of Americans expected to travel this 4th of July: AAA
More than 50 million Americans may travel this 4th of July 2023 weekend, AAA reported. But with record travel expected, some times may be better to drive than others.
More than 50 million Americans may travel this 4th of July 2023 weekend, AAA reported. But with record travel expected, some times may be better to drive than others.
Supreme Court strikes down Biden's student loan forgiveness plan – what's next?
The U.S. Supreme Court held that the Biden administration needs to have Congress’ backing for the costly student loan forgiveness plan and rejected arguments that the HEROES Act of 2003 gave Biden the authority he claimed.
The U.S. Supreme Court held that the Biden administration needs to have Congress’ backing for the costly student loan forgiveness plan and rejected arguments that the HEROES Act of 2003 gave Biden the authority he claimed.
Borrowers may see credit scores change once federal student loan payments resume
Resuming the payments on student loans means that a large percentage of nearly 40 million Americans who have not made payments on their federal student loans in the past three years may see some changes in their credit scores, according to the VantageScore report.
Resuming the payments on student loans means that a large percentage of nearly 40 million Americans who have not made payments on their federal student loans in the past three years may see some changes in their credit scores, according to the VantageScore report.
Here's where homes face the biggest risk for natural disaster
Some areas, including places in Florida, have high-risk exposure to home damage from hurricanes and other natural disasters. But many homes aren’t equipped to withstand these events, according to a survey. Upgrading your home can protect it while saving you money on home insurance.
Some areas, including places in Florida, have high-risk exposure to home damage from hurricanes and other natural disasters. But many homes aren’t equipped to withstand these events, according to a survey. Upgrading your home can protect it while saving you money on home insurance.
Skyrocketing car insurance costs push some drivers to forgo coverage
Drivers paid more for insurance in 2023 than they did the year before and many are considering doing without, according to a recent Policygenius survey.
Drivers paid more for insurance in 2023 than they did the year before and many are considering doing without, according to a recent Policygenius survey.
Used car prices soar as demand for limited inventory grows, report says
Used car prices have softened recently but remain significantly higher than before the COVID-19 pandemic, according to a recent Edmunds report.
Used car prices have softened recently but remain significantly higher than before the COVID-19 pandemic, according to a recent Edmunds report.
Home prices increased 70 percent more than rent costs: study
Home prices have exceeded what Americans pay for rent in most major cities, according to one report. But, there are still places where you can save by purchasing a home. Here’s what you need to know.
Home prices have exceeded what Americans pay for rent in most major cities, according to one report. But, there are still places where you can save by purchasing a home. Here’s what you need to know.