Fed pauses interest rate hikes in September but could raise rates again this year
The Federal Reserve paused interest rates in its September meeting. But inflation remains high as Americans deal with record credit card debt. Here’s what to do.
Here's how much it costs to raise a child in your state
Data shows the average annual cost to raise a child rose nearly 20% between 2016 and 2021.
Map: Here's the minimum annual income required to be middle class in each state
Inflation has surged in the past few years, peaking at 9% in June 2022. That means some families who were middle class in 2020 may no longer be in that category.
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.
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.
Student loan payments will resume in October, Education Department confirms
Federal student loan payments are set to resume in October, while interest on loan debt will begin once again in September, the Education Department clarified.
6 tips to save $100 a week and put it toward savings
How to overcome inflation and regain control of your finances
These are the cities you can earn six figures in and still be broke
A new study found that in 16 of the 100 largest U.S. metros, a family of three earning a $100,000 annual income would spend more on the basics than what they earn. California cities made up half of the list.
What happens when you close a credit card?
Some aspects of a person's credit score will be affected immediately upon closing an account.
What makes you 'middle class' in Detroit? Here's how much money you need to earn
Out of U.S. big cities, Detroit has one of the lowest middle class income limits.
How much money you need to make to be 'middle class' in Michigan
SmartAsset looked at income data from the Census Bureau to determine the middle class income thresholds for the 100 largest U.S. cities, along with each state's threshold. Here's what you need to earn to be considered middle class in Michigan and Detroit.
More Americans taking 'side hustles' to make ends meet
In today's expensive world, many Americans are turning to side hustles to make ends meet. From pet-sitting to food delivery, people are taking on extra work to pay for unexpected expenses and to gain disposable income.
As inflation persists, Americans choosing money over love, staying in relationships for financial dependency
A new survey found nearly a quarter of coupled Americans reported staying in their current relationships due to financial dependency.
Americans pulled nearly $100B out of bank accounts as SVB, Signature Bank collapsed
During the closures of SVB and Signature Bank, Americans withdrew almost $100 billion from their bank accounts, according to seasonally adjusted data from the Federal Reserve.
Gas prices hold steady despite market turmoil: AAA
The national average cost for a gallon of gas held steady at $3.46, even as oil prices plunged to levels not seen since August 2021, AAA said.
Swiss bank cash shortage announcement should not be reason to panic, says expert
“This should not be a financial crisis unless we the people, make it one," he said.
Financial expert says bank collapses not a cause for alarm, but advises to diversify assets
“So, quite frankly, most of us don’t have $250,000 sitting in a bank - so the direct impact is probably little to none,” he said.
Tax Season 2023: Here's how the Inflation Reduction Act might impact your refund this year
The IRS received nearly $80 billion in funding under the Inflation Reduction Act and said it has already hired more than 5,000 new telephone assistors and added more in-person staff to help taxpayers with filing this year.
Best place to retire? This state just beat Florida, according to a new study
WalletHub compared the 50 states across 47 key indicators of retirement-friendliness including affordability, health-related factors and overall quality of life.
IRS ends COVID-19 tax credits: Here's what you need to know before filing in 2023
Among the several pandemic tax credits returning to 2019 levels is the Child Tax Credit. Filers will get $1,600 less in credit for 2022 for each qualifying child under age 17.