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Personal Finance

Stories related to personal finance.

Social Security has a 'billionaire problem,' advocate warns

Social Security has a 'billionaire problem,' advocate warns

Social Security benefits will be cut significantly in 2035 without a fix. Here's what advocates say we can do to prevent that.

May 30, 2024 12:57pm EDT
New construction still popular as most Americans believe it’s a bad time to buy an existing home

New construction still popular as most Americans believe it’s a bad time to buy an existing home

New builds increased by 21.2% compared to March of last year, with the South seeing a higher rates of new construction permits.

May 29, 2024 8:13pm EDT
Biden extends time frame to get credit toward student loan forgiveness

Biden extends time frame to get credit toward student loan forgiveness

Interest rates are up and student loan forgiveness isn't really finalized yet, making for turbulent loan market as we enter into presidential policies.

May 29, 2024 8:03pm EDT
This is the staggering amount homeowners spend on costs besides their mortgage

This is the staggering amount homeowners spend on costs besides their mortgage

Some 28% of homeowners said they've considered going back to renting.

May 26, 2024 10:43am EDT
McDonald's menu hikes: McDouble up 168%, McChicken 200% in 10 years

McDonald's menu hikes: McDouble up 168%, McChicken 200% in 10 years

McDonald's customers are shocked by nearly tripled prices over the past decade, with the McDouble up 168% and the McChicken Sandwich up 199%, driven by higher food, labor, and operational costs.

May 23, 2024 4:48pm EDT
15 million Americans still harmed by medical debt despite credit agencies' changes

15 million Americans still harmed by medical debt despite credit agencies' changes

The CFPB said some 15 million Americans are still struggling with more than $49 billion in outstanding medical bills in collections on their credit reports.

May 22, 2024 9:01pm EDT
A large percentage of first-generation students have been impacted by FAFSA challenges

A large percentage of first-generation students have been impacted by FAFSA challenges

FAFSA issues have caused minority students to delay attending college and have led to severe stress and anxiety for other prospective students.

May 16, 2024 6:32pm EDT
Texas judge stops Biden Administration rule that caps credit card late fees at $8

Texas judge stops Biden Administration rule that caps credit card late fees at $8

The Biden Administration is trying to stop junk fees, but a judge put a stop to a rule capping credit card late fees at $8.

May 16, 2024 6:19pm EDT
Social Security check may be bigger next year. Here's why

Social Security check may be bigger next year. Here's why

Social Security COLA estimate rises amid stubborn inflation.

May 16, 2024 12:31pm EDT
Most common hidden ‘junk fees’ and how much they cost you

Most common hidden ‘junk fees’ and how much they cost you

Junk fees increase the total cost of many goods and services including concert tickets, hotel rooms, gym memberships and utility bills.

May 15, 2024 5:16pm EDT
$3 million may be paid to private student loan borrowers ignored by servicer – Here's who is impacted

$3 million may be paid to private student loan borrowers ignored by servicer – Here's who is impacted

A student loan servicer may be on the hook for ignoring borrowers' requests for payment reduction on loans held by the National Collegiate Student Loan Trusts following a CFPB enforcement action.

May 15, 2024 3:09pm EDT
New vehicles are becoming more affordable as vehicle loan interest rates decline

New vehicles are becoming more affordable as vehicle loan interest rates decline

New vehicle prices are dropping, but auto insurance rates are continuing to rise across the country.

May 14, 2024 3:40pm EDT
Most baby boomers heading toward retirement have little saved: study

Most baby boomers heading toward retirement have little saved: study

Baby Boomers in their 60s have little saved for retirement while many Gen Xers have nothing saved.

May 14, 2024 1:51pm EDT
More Americans to qualify for Social Security under new SNAP rule

More Americans to qualify for Social Security under new SNAP rule

The Social Security Administration has expanded the definition of a public assistance household to include SNAP recipients, broadening eligibility and potentially increasing benefits for more Americans.

May 9, 2024 5:38pm EDT
Social Security fund gains extra year of solvency – benefits will begin to be reduced in 2035

Social Security fund gains extra year of solvency – benefits will begin to be reduced in 2035

Social Security trust funds will not run out of money until 2035, at which point Seniors can expect their benefits to be reduced by 17% unless Congress takes steps to shore up the program.

May 9, 2024 11:39am EDT
Nearly half of all homeowners concerned weather-related events will raise their homeowners insurance rates

Nearly half of all homeowners concerned weather-related events will raise their homeowners insurance rates

Weather-related events in states like Texas, Colorado and Arizona are causing double-digit rate hikes for homeowners.

May 7, 2024 6:24pm EDT
There are now 550 US cities where the typical home value is $1 million or more

There are now 550 US cities where the typical home value is $1 million or more

California and New York have the largest share of million-dollar homes, making up most of the 550 cities with high home values.

May 7, 2024 1:52pm EDT
Mortgage rates push higher with no relief in sight: Freddie Mac

Mortgage rates push higher with no relief in sight: Freddie Mac

The average 30-year fixed-rate mortgage was 7.22% for the week ending May 2, according to Freddie Mac's latest Primary Mortgage Market Survey.

May 6, 2024 6:30pm EDT
More homebuyers are paying discount points as interest rates continue to rise

More homebuyers are paying discount points as interest rates continue to rise

Borrowers with lower credit scores and FHA loans often turn to discount points more frequently than other groups.

May 6, 2024 1:40pm EDT
The unemployment rate barely rose, but only 175,000 jobs were added in April

The unemployment rate barely rose, but only 175,000 jobs were added in April

The unemployment rate barely budged, rising to 3.9% while just 175,000 jobs were added.

May 3, 2024 5:13pm EDT
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SCOTUS will allow Texas to use redrawn congressional map for 2026 election

SCOTUS will allow Texas to use redrawn congressional map for 2026 election

Detroit's RoboCop statue installed at Eastern Market after years of delays

Detroit's RoboCop statue installed at Eastern Market after years of delays

DC pipe bomber arrest: FBI takes man into custody over bombs planted before Jan. 6

DC pipe bomber arrest: FBI takes man into custody over bombs planted before Jan. 6

Who is Brian Cole? Suspected DC pipe bomber arrested by FBI

Who is Brian Cole? Suspected DC pipe bomber arrested by FBI

Look up tonight: Supermoon to soar into the sky

Look up tonight: Supermoon to soar into the sky

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1 dead, 1 injured after 3 tractor-trailers crash on Florida's Turnpike in Osceola County

1 dead, 1 injured after 3 tractor-trailers crash on Florida's Turnpike in Osceola County

These new Florida laws go into effect Jan. 1, 2026: See list

These new Florida laws go into effect Jan. 1, 2026: See list

Police: Flagler County detective caught speeding 88 MPH, arrested for fleeing

Police: Flagler County detective caught speeding 88 MPH, arrested for fleeing

Anna Kepner death aftermath: Upcoming custody hearing follows tragedy

Anna Kepner death aftermath: Upcoming custody hearing follows tragedy

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Eustis Fire: 1 hurt in building explosion, gas leak, fire, officials say

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