Biden administration relaxes rules for student debt forgiveness
Education Secretary Miguel Cardona called it a “monumental step" that will make it faster and simpler to get debt relief.
Today’s 30-year mortgage refinance rates hit lowest levels in 15 days | Oct. 28, 2022
Check out the mortgage refinancing rates for Oct. 28, 2022, which are down from yesterday.
Social Security increase 2023: What does it mean for retirees?
Social Security recipients will see the largest benefits increase in 40 years in 2023. Here’s what that means for your retirement savings plan.
Personal loan interest rates continue trending down for 3-year fixed-rate loans
The latest trends in interest rates for personal loans from the Credible marketplace, updated weekly.
Fed says inflation concerns remain, will continue raising rates
The Federal Reserve's September meeting minutes revealed that it's prepared to continue raising interest rates in the coming months but has its eye on the state of the current economy.
Mortgage rates rise to highest level since 2022, driving down housing demand
Mortgage rates and 'lingering inflation, recession fears and housing affordability' are driving down demand for housing, Freddie Mac said.
Social Security Administration to make substantial COLA increase in 2023, but is it enough for retirees?
The Social Security Administration announced a substantial increase for beneficiaries in 2023, marking the highest COLA increase in more than 40 years.
6 ways to spot student loan forgiveness scams
Scams about during difficult financial times. Here’s how to avoid falling prey to student loan forgiveness scams.
Credit card debt burdens nearly half of Americans, survey says: Here’s how to pay yours down
Credit card debt affects nearly half the country and the average American has an outstanding balance of more than $6,000, according to a recent survey. Here's how you can pay off your credit card debt quickly.
Job growth slows in September but remains strong
Job growth slowed in September but remains strong. And economists suspect the labor market could slow significantly further in the months ahead.
Fewer homebuyers entering bidding wars amid high mortgage rates: Redfin
Amid high mortgage rates, only 44.6% of home offers through Redfin received a competing bid in August, down from the same time last year, according to data from real estate brokerage company.
Housing market likely to tip economy into recession in 2023: Fannie Mae
A slowing housing market could bring a recession as soon as the first quarter of 2023, according to Fannie Mae. Here's what that means for you.
DC Attorney General sues Liberty Tax claiming it misled thousands of customers
Attorney General Karl Racine is putting Liberty Tax on notice after filing a lawsuit against the company claiming that it mislead and secretly increased the cost of tax preparation for thousands of D.C. taxpayers.
Final GDP estimate for Q2 confirms negative economic growth
GDP contracted in the second quarter of 2022, according to the final estimate from the Bureau of Economic Analysis (BEA). Here's what that means for you.
Apple Pay Later unexpectedly delayed until further notice
Apple Pay Later was not released with the iOS 16 update as expected, and the company has not given a new date for its release.
ON THE HILL: Expert weighs in on whether the US is headed for recession
In case you missed it Sunday morning, FOX 5's "On the Hill" program hosted economic expert Danny Leipziger to talk about the latest on the U.S. economy, including how to control inflation and whether the country is headed for a recession.
Social Security benefits forecast revised for 2023 as inflation eases
Social Security benefits are expected to increase in 2023, but could be less than previously forecasted, according to The Senior Citizens League. Here's how much of an increase retirees could see in 2023.
Americans counter consumer product 'shrinkflation' with new spending habits, survey says
Shrinkflation is causing many Americans to stress about their grocery purchases. However, they are finding ways to fight back. Here are ways you can still save.
Some consumers using credit card rewards to pay for essentials amid high inflation, study says
A Wells Fargo study said that consumers are increasingly using credit card rewards as a way to offset higher costs.
Biden administration announces student loan income-driven repayment plan changes
In addition to canceling $10,000 in student loans for eligible federal borrowers, the Biden administration also proposed new changes to other loan forgiveness programs.