2022-08-02 02:42
Unrelenting inflation is driving up costs, leaving more Americans living paycheck to paycheck. Inflation has been causing economic hardship for workers across all income levels. As of June… Read More
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Personal finance news with latest news on personal finance, investing, debt management, retirement, saving and taxes
2022-06-16 22:57
Thirty-six percent of U.S. employees with salaries of $100,000 or more are living paycheck to paycheck — twice as many who said they were in 2019, according to a survey conducted by Wi… Read More
2022-05-12 01:51
With inflation still near 40-year highs, close to two-thirds of Americans are living paycheck to paycheck. Inflation is showing no signs of slowing down, making it harder for workers to make… Read More
2022-03-07 23:12
American consumers are already struggling with the highest inflation in four decades — a phenomenon that is eating into buying power and eroding wages. But more economic pain may be in… Read More
2022-02-16 16:45
Confused how you ended up with a low rating on Uber? A new feature will offer a bit more insight. CNN Business reports:
Uber on Wednesday announced an option that lets you see a… Read More
2022-02-07 20:58
In these tough financial times, a new study finds it’s getting harder and harder for people to save any of their money. In fact, seven in 10 Americans say they’re living paycheck… Read More
2022-01-21 16:00
The Federal Reserve is taking the next step in weighing whether to launch a U.S. digital currency, issuing a report Thursday that explores the potential benefits and drawbacks of such a move… Read More
2022-01-19 19:39
There are many uses for pen. We use it to write, to draw, to doodling, to color … Basically, a pen has to do just one thing, but we have so many reasons to choose one over another. Ho… Read More
2022-01-05 20:23
Millions of small business owners who rely on payment apps like Venmo, PayPal and Cash App could be subject to a new tax law that just took effect in January. Fox Business reports:
Begin… Read More
2022-01-05 15:47
Budgets are tighter for millions of people with 2022 in full swing. Being money-conscious is nothing new for many of us, but new research shows the average American worries about their… Read More
2021-11-29 21:42
As shoppers spread out their holiday purchases amid ongoing concerns about Covid, more consumers are tapping so-called buy now, pay later services. As many as 56% of shoppers have made a pur… Read More
2021-11-24 20:59
Millions of Americans are leaving their jobs these days — and they don’t always have another one lined up. Whether it’s due to burnout, a desire for&nbs&hell…Read More
2021-11-10 03:21
American households are carrying record amounts of debt as home and auto prices surge, Covid infections continue to fall and people get out their credit cards again. CNN Business report… Read More
2021-10-03 16:04
Record growth in home prices has made owning a home less affordable than at any point since the financial crisis. The median American household would need 32.1% of its income to cover mortga… Read More
2021-08-20 02:35
Retirement account balances are at new highs, according to Fidelity Investments. Thanks to the market’s recent run-up and increased savings, the number of 401(k) and IRA millionaires a… Read More
2021-07-25 17:12
New research shows that every $50,000 of income lowers a person’s risk of death by five percent. Money may not buy happiness, but it could buy you a longer life. New research concludes… Read More
2021-07-09 17:36
Columbia and other top universities push master’s programs that fail to generate enough income for graduates to keep up with six-figure federal loans. The Wall Street Journal reports:… Read More
2021-06-24 00:51
The wealthiest 1% of Americans controlled about $41.52 trillion in the first quarter, according to Federal Reserve data released Monday. Yet the bottom 50% of Americans only controlled… Read More
2021-05-20 20:50
The number of 401(k) and IRA millionaires also hit an all-time record in the first quarter of 2021, according to Fidelity. CNBC reports:
Retirement account balances, which took a sharp no… Read More
2021-04-24 20:37
After surviving a fear-filled year of the Covid-19 pandemic, getting vaccinated is a cause for celebration. As Covid-19 vaccines become more readily available, companies want to reward… Read More
2021-04-12 04:36
Before he lost it all—all $20 billion—Bill Hwang was the greatest trader you’d never heard of. Then he lost it all in two days. Bloomberg reports:
Starting in 2013, he… Read More
2021-04-09 21:40
There is something that the average person can do to slow down climate change, and it can be accomplished without leaving the house. Don’t waste food. Bloomberg reports:Some 931 m… Read More
2021-03-09 15:33
Now that the pandemic is starting to come to an end and you are left with the question of how to get your finance back on track? You are not alone! Looking for easy ways to cut down your deb… Read More
2021-02-27 03:18
The Federal Communications Commission has approved final rules for a new broadband subsidy program that could help struggling families pay for internet service during the pandemic. CNN repor… Read More
2021-02-17 05:23
The current COVID-19 pandemic and the subsequent stay-at-home and social distancing directives might have played a major role in romance scams losses reaching record levels in 2020, the US F… Read More
2021-02-09 23:23
A piece of virtual land on blockchain marketplace and gaming platform Axie Infinity has just sold for a record-breaking sum in cryptocurrency. Coindesk reports:
At around 23:00 UTC o… Read More
2021-01-21 16:15
The old saying goes “money can’t buy happiness,” but a new study finds that’s not exactly true. Although previous studies find there’s a limit to how much a per… Read More
2021-01-15 00:25
Despite the events of the past year, 2021 is an ideal time to start a business, as the pandemic has caused people to flock to the online sphere. A study by The Pew Research Center revea… Read More
2021-01-12 15:59
Stefan Thomas, a German-born programmer living in San Francisco, has two guesses left to figure out a password that is worth, as of this week, about $220 million. The New York Times reports:… Read More
2021-01-03 18:53
Bitcoin soared to $34,000 yesterday—but here’s why Warren Buffett will never own Bitcoin. Zack Friedman writes on Forbes:
Buffett has called Bitcoin, among other names, &ldquo&hell…Read More
2020-12-28 21:06
DIY tax software is a type of fintech that is enjoying its growing popularity right now. It’s true that the crisis of 2020 has brought down many industries. But some used the glob… Read More
2020-12-21 22:26
Is your internet service provider charging you every month for the cable modem or router that you purchased with your own money? Or, perhaps, have you never bothered to buy those items becau… Read More
2020-12-12 03:46
The Food and Drug Administration authorized BioNTech and Pfizer Inc.’s COVID-19 vaccine Friday evening, which will make it the first vaccine to reach Americans during the cor… Read More
2020-12-07 15:53
Patterns of missing credit card and loan payments could be an early indicator of dementia years before diagnosis, a new study says. CNN Health reports:
The study, published… Read More
2020-12-05 23:12
Money is not something anyone wants to worry about during the holidays. In a year still ravaged by the coronavirus pandemic and its economic fallout however, it appears many will be str… Read More
2020-10-26 01:59
If you look beyond the memes, cat videos, and quirky acronyms (TIL, OP, ELI5) you’ll find a treasure trove of resources that will help you quickly get acquainted with the topics t… Read More
2020-10-23 04:29
As society gets richer, people chase the wrong things. One of the greatest paradoxes in American life is that while, on average, existence has gotten more comfortable over time, happiness ha… Read More
2020-10-21 05:14
The lines are long and the need is enormous. More than 1 million New Yorkers can’t afford food, and standing on long lines at food banks is now too common amid the pandemic. Pande… Read More
2020-10-20 01:52
There is no doubt that the coronavirus pandemic will change the world. In fact, it already has changed the world, and it will keep going. Many of the reports and forecasts you can see today… Read More
2020-10-17 04:16
The billionaire chief executive of Ohio-based Reynolds and Reynolds Co, Robert Brockman, has been indicted on charges of tax evasion and wire fraud conducted over “decades.”… Read More
2020-10-17 03:49
In our efforts to keep up with the Joneses (or just get by during this period of economic uncertainty, debt has become a normalized part of the American lifestyle. CNBC reports:
Borrowing… Read More
2020-10-08 16:57
The 50 richest Americans now hold almost as much wealth as half of the U.S., as Covid-19 transforms the economy in ways that have disproportionately rewarded a small class of billionaires. B… Read More
2020-09-22 16:00
According to new research from eMarketer, the cable, satellite and telecom TV industry is on track to lose the most subscribers ever. This year, over 6 million U.S. households will cut… Read More
2020-09-16 02:48
NBC News spoke to 21 people who said they were hooked on casino-style apps and had spent significant sums of money. The industry is almost entirely unregulated. NBC reports:
Shellz… Read More
2020-09-01 16:18
Sustaining a personal injury can do more than harm your health, it can change your entire life. According to Newswire, more than 700,000 personal injury claims are filed every year… Read More
2020-07-25 09:23
The coronavirus shutdowns have had a dramatic impact on the broader economy (if not the stock market, which is almost back to all time highs) and few have been hit as hard as young Americans… Read More
2020-07-22 10:41
Tax returns were due in on July 2015, but given the circumstances, the federal government have provided a three month extension. Despite this, commentators still expect up to 1.4m… Read More
2020-06-22 20:05
A new survey finds that Americans regret their lack of emergency funds to withstand the economic crisis caused by the pandemic. The Bank Rate survey found that 23 percent of Americans… Read More
2020-06-18 06:25
The note found on his computer by his parents on June 12, 2020, asked a simple question. “How was a 20 year old with no income able to get assigned almost a million dollars worth of le… Read More
2020-04-29 12:04
The record-long U.S. economic expansion is over after almost 11 years, with what’s likely to be the deepest recession in at least eight decades now under way. The world’s largest… Read More
2020-04-09 21:59
The coronavirus pandemic will turn global economic growth “sharply negative” this year, the head of the International Monetary Fund (IMF) has warned. Kristalina Georgieva said th… Read More
2020-04-03 10:51
The U.S. economy is currently facing its toughest challenge since the Great Depression, and millions of Americans suddenly find themselves out of work. Financial experts have long advised pe… Read More
2020-03-26 07:31
Americans displaced by the coronavirus crisis filed unemployment claims in record numbers, with the Labor Department reporting Thursday a surge to 3.28 million. CNBC reports:
The number… Read More
2020-03-23 06:41
How long could you sustain your household if you were to stop earning income? If you are like most Americans, the answer is not for long. Only 40 percent of Americans can afford an… Read More
2020-03-17 17:55
The IRS will postpone the April 15 tax deadline by 90 days for millions of individuals who owe $1 million or less and corporations that owe $10 million or less, Treasury Secretary Steve… Read More
2020-03-15 17:33
The Federal Reserve, saying “the coronavirus outbreak has harmed communities and disrupted economic activity in many countries, including the United States,” cut interest rates t… Read More
2020-03-14 19:48
President Donald Trump on Friday said that he wouldeliminate the intereston federal student loans “until further notice” as part of a package of emergency executive actions desig… Read More
2020-03-11 09:48
Americans’ health may not be the only thing at stake as the coronavirus continues its unrelenting spread in the U.S. The virus could also prove financially crippling for many individua… Read More
2020-03-05 14:35
The new coronavirus knows no national borders or social boundaries. That doesn’t mean that social boundaries don’t exist. The New York Times reports:
“En rout… Read More
2020-02-28 09:04
Preparing for the almost inevitable global spread of this virus, now dubbed COVID-19, is one of the most pro-social, altruistic things you can do in response to potential disruptions of this… Read More
2020-02-24 14:25
Intuit Inc. is nearing a deal to buy personal-finance portal Credit Karma Inc. for about $7 billion in cash and stock, in a move that would push the bookkeeping-software giant further into c… Read More
2020-02-12 19:04
Total U.S. household debt rose by $601 billion in the fourth quarter from a year earlier, or 1.4%, surpassing $14 trillion for the first time, the New York Fed’s quarterly household cr… Read More
2020-02-06 06:05
Nine in 10 Americans are satisfied with the way things are going in their personal life, a new high in Gallup’s four-decade trend. The latest figure bests the previous high of 88% reco… Read More
2020-01-31 17:45
The Donald Trump administration declared the coronavirus outbreak to be a public health emergency in the United States on Friday, setting quarantines of Americans who have rec… Read More
2020-01-30 06:14
American car insurance rates are going up up up. In the past decade, they climbed 29.6 percent, to an average of $1,548 in 2019 from $1,194 in 2011. Wired reports:
The surge, detailed in… Read More
2020-01-27 14:48
According to research led by agricultural economics professor Edward Jaenicke of Penn State University, the average American household wastes nearly a third of its food. The value of th… Read More
2020-01-22 19:45
Many of us would be in trouble if we had to foot the bill for an unplanned expense. Bankrate’s January Financial Security Index survey reveals that just four in 10 U.S. adults (41… Read More
2020-01-20 00:56
The world’s richest 2,153 people controlled more money than the poorest 4.6 billion combined in 2019, while unpaid or underpaid work by women and girls adds three times more to the glo… Read More
2020-01-17 19:35
Google parent-company Alphabet has hit $1 trillion in market capitalization, making it the fourth U.S. company to hit the milestone. CNBC reports:
Apple was the first to hit the… Read More
2020-01-16 18:22
Comcast has agreed to issue refunds to 15,600 customers and cancel the debts of another 16,000 people to settle allegations that the cable company lied to customers in order to hide the true… Read More
2020-01-15 06:52
Americans in every U.S. metropolitan area experienced economic prosperity in 2018, according to a recent report from the Bureau of Economic Analysis. For the first time in 26 years, no metro… Read More
2020-01-10 09:47
Stocks rose to record highs on Friday despite weaker-than-expected jobs data as Wall Street concluded a volatile week chalk full of geopolitical concerns. The Dow Jones Industrial Avera… Read More
2019-12-31 21:33
Finding free online tax filing should be easier this year for millions of Americans. ProPublica reports:
The IRS announced significant changes Monday to its deal with the tax prep softwa… Read More
2019-12-27 18:35
Wages for nonsupervisory employees — who make up 82% of the workforce — are rising at the fastest rate in more than a decade, The Wall Street Journal reports.
Worker… Read More
2019-12-26 07:27
Rapid growth in Vietnam and its Southeast Asian neighbors has created a situation that would have been unthinkable in the past: Aging American boomers are living a lifestyle reminiscent of F… Read More
2019-12-25 14:46
A majority of millionaires support a wealth tax on those worth $50 million or more, but their support declines for a tax on those worth $10 million, according to a new poll. CNBC reports:… Read More
2019-12-23 19:10
Holiday shopping set records over the weekend, with Super Saturday sales reaching $34.4 billion, the biggest single day in U.S. retail history, according to Customer Growth Partners. Bloombe… Read More
2019-12-19 17:37
After months of negotiations, Congress approved a landmark bill on Thursday to stop the flood of illegal robocalls. The president is expected to sign it into law within the next few day… Read More
2019-12-19 12:15
As of December, the U.S. economy has expanded for a record 126 straight months, the longest time period in the country’s history according to the National Bureau of Economic Research… Read More
2019-12-16 10:13
The joggers and runners of the world certainly have reason to smile, according to a new international study. Researchers from Australia, Austria, Finland, and Thailand performed a… Read More
2019-12-09 20:40
A record 25% of Americans say they or a family member put off treatment for a serious medical condition in the past year because of the cost, up from 19% a year ago and the highest in Gallup… Read More
2019-12-09 18:40
American factories demand white-collar education for blue-collar work. New manufacturing jobs that require more advanced skills are driving up the education level of factory workers who in p… Read More
2019-12-06 10:32
Employers added 266,000 jobs in November and the jobless rate fell to a 50-year low of 3.5%, matching September’s level, the Labor Department said Friday. Wages advanced 3.1% from… Read More
2019-12-03 07:43
An Iowa man, Dale Schroeder, used his life savings to send 33 students to college. Dale Schroeder was a simple, humble man from Iowa, who ended up changing the lives of 33 people forever. Sc… Read More
2019-11-28 09:48
Overspending, however, is too easy. In fact, about 48 million Americans are still paying off credit card debt from last holiday season, according to a NerdWallet survey conducted b… Read More
2019-11-25 07:50
The Richest Man in Babylon is a 1926 book by George S. Clason that dispenses financial advice through a collection of parables set 8,000 years ago in ancient Babylon. The book… Read More
2019-11-24 17:04
More than 2 million people in the U.S. lack running water and basic indoor plumbing, according to a new report by the human-rights nonprofit DigDeep and the nonprofit U.S. Water Al… Read More
2019-11-24 09:52
The U.S. is at the beginning of a tidal wave of homes hitting the market on the scale of the housing bubble in the mid-2000s. This time it won’t be driven by overbuilding, easy credit… Read More
2019-11-22 20:29
The US Federal Communications Commission on Friday voted to bar use of its $8.5 billion a year Universal Service Fund to purchase equipment and services from Huawei and&n&hell…Read More
2019-11-20 09:08
Amazon.com is preparing to open Amazon Go supermarkets and pop-up stores, an expansion of the company’s cashierless ambitions that includes the possibility of licensing the techno… Read More
2019-11-19 10:11
Everyone knows that having friends boosts well-being. In fact previous research has even suggested that having numerous friends reduces the risk of medical conditions like heart disease… Read More
2019-11-17 19:50
There’s plenty of anecdotal evidence that America’s workers are being left behind. But now a group of researchers and economists have identified a key part of the problem &m&hell…Read More
2019-11-15 18:00
The Trump administration on Friday unveiled new rules to require increased disclosure of health care prices, in a move officials said would drive down costs by increasing competition. The Hi… Read More
2019-11-15 16:45
The Dow Jones Industrial Average rallied to record levels on Friday, reaching 28,000 for the first time ever, after White House economic advisor Larry Kudlow said China and the U.S. wer… Read More
2019-11-15 06:14
The longest bull market in history is also the best ever. The current market boom, which started March 9, 2009, has enjoyed a whopping 468% gain for the S&P 500 through the first day of… Read More
2019-11-14 11:46
The federal deficit reached $134 billion in October, the first month of fiscal 2020, according to data the Treasury Department released Wednesday. The Hill reports: … Read More
2019-11-13 20:49
Google will soon offer checking accounts to consumers, becoming the latest Silicon Valley heavyweight to push into finance. The project, code-named Cache, is expected to launch next year wit… Read More
2019-11-12 20:55
Facebook Inc said on Tuesday it was launching Facebook Pay, a unified payment service through which users across its platforms including WhatsApp and Instagram can make payments without exit… Read More
2019-11-12 20:50
Wealthy people around the globe are hunkering down for a potentially turbulent 2020, according to UBS Global Wealth Management. Bloomberg reports:
A majority of rich investors expect a si… Read More
2019-11-11 21:00
It will be a long winter for millions of Americans who won’t be able to head to the ski slopes or sunnier climes for a vacation. Some 33 million Americans, many of them millennials, ar… Read More
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