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.

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.

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.

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.

Here's how the student loan payment pause impacted borrowers' credit scores

A new study by the Federal Reserve Bank of New York said that the moratorium on federal student loan payments has positively impacted borrower's finances and credit scores. (Not automatically expanded because 3 MB is too large.