Household income drops amid high inflation

Household income drops amid high inflation

The typical American’s income dropped for the third straight year amid record-high inflation. But you can still pay down high-interest debt quickly.

The typical American’s income dropped for the third straight year amid record-high inflation. But you can still pay down high-interest debt quickly.

Inflation is affecting parents' ability to pay for education: survey

Inflation is affecting parents' ability to pay for education: survey

Inflation is taking a toll on back-to-school shopping expenses in 2023 as parents struggle with funding their children's education, supplies and extracurriculars, according to a survey.

Inflation is taking a toll on back-to-school shopping expenses in 2023 as parents struggle with funding their children's education, supplies and extracurriculars, according to a survey.

Fed pauses interest rate hikes in September but could raise rates again this year

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.

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.

Student loan repayment may force some to take on more debt: survey

Student loan repayment may force some to take on more debt: survey

Many student loan borrowers are anxious that they won't be able to meet their payment obligations once repayments resume in October, according to a recent survey by Achieve.

Many student loan borrowers are anxious that they won't be able to meet their payment obligations once repayments resume in October, according to a recent survey by Achieve.

Social Security payments could rise 3.2 percent in 2024

Social Security payments could rise 3.2 percent in 2024

The Social Security cost of living adjustment could increase to 3.2% in response to high inflation. But it’s far from the 2023 record raise and many Americans still struggle to generate retirement income.

The Social Security cost of living adjustment could increase to 3.2% in response to high inflation. But it’s far from the 2023 record raise and many Americans still struggle to generate retirement income.

Map: Here's the minimum annual income required to be middle class in each state

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.

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.

Medicare Part D drug prices increase more than 200 percent on average: AARP

Medicare Part D drug prices increase more than 200 percent on average: AARP

The average price of 25 prescription brand name drugs with the highest Medicare D spending increased by 226%, AARP reported. But provisions in the Inflation Reduction Act aim to lower the costs of Medicare coverage for retirees.

The average price of 25 prescription brand name drugs with the highest Medicare D spending increased by 226%, AARP reported. But provisions in the Inflation Reduction Act aim to lower the costs of Medicare coverage for retirees.

Here's how to lower your monthly student loan payments

Here's how to lower your monthly student loan payments

There are many ways to lower student loan payments or get forgiveness. These include the Saving on A Valuable Education (SAVE) plan, income-driven repayment (IDR) plans, public service loan forgiveness (PSLF) and more.

There are many ways to lower student loan payments or get forgiveness. These include the Saving on A Valuable Education (SAVE) plan, income-driven repayment (IDR) plans, public service loan forgiveness (PSLF) and more.

Shopping on an impulse is derailing American budgets – here's how to take control

Shopping on an impulse is derailing American budgets – here's how to take control

Almost 56% of U.S. consumers said they had a spending plan, but 49% said that impulse purchases had caused financial stress, according to the survey by You Need a Budget.

Almost 56% of U.S. consumers said they had a spending plan, but 49% said that impulse purchases had caused financial stress, according to the survey by You Need a Budget.

What's today’s lowest mortgage rate? Look at today's shorter terms | September 11, 2023

What's today’s lowest mortgage rate? Look at today's shorter terms | September 11, 2023

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as "Credible" below, is to give you the tools and confidence you need to improve your finances.

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as "Credible" below, is to give you the tools and confidence you need to improve your finances.

Gen Zers credit card balances grow the fastest: TransUnion

Gen Zers credit card balances grow the fastest: TransUnion

Overall card balance surged to a record high of $963 billion in the second quarter — Gen Zers debt represented the most significant share of this growth, according to TransUnion.

Overall card balance surged to a record high of $963 billion in the second quarter — Gen Zers debt represented the most significant share of this growth, according to TransUnion.

Over 4 million student borrowers enroll in Biden’s SAVE forgiveness plan

Over 4 million student borrowers enroll in Biden’s SAVE forgiveness plan

The Department of Education said it had received nearly 4 million applications for a new income-driven repayment program since launching at the end of July.

The Department of Education said it had received nearly 4 million applications for a new income-driven repayment program since launching at the end of July.

Here is how you can avoid a tax refund shock next year

Here is how you can avoid a tax refund shock next year

Next year’s tax refund shouldn’t be a shock to Americans if they take stock of their income taxes mid-year, according to Jackson Hewitt.

Next year’s tax refund shouldn’t be a shock to Americans if they take stock of their income taxes mid-year, according to Jackson Hewitt.