Economic turbulence 'effectively assured' Fed will cut interest rates in September
The stock market was all over the place this week, with a large drop on Monday due to a weak jobs report.
Mortgage rates drop to new low as Fed grows closer to slashing interest rates: Freddie Mac
The average 30-year fixed-rate mortgage was 6.73% for the week ending Aug. 1, according to Freddie Mac's latest Primary Mortgage Market Survey.
Despite tough times for Tesla, EV sales set new record in second quarter
Tesla's sales may have dropped, but electric vehicle sales as a whole have continued to increase.
Parents rely heavily on borrowing to pay for college costs: survey
Roughly 42% of families said they planned to rely on federal student loans, and 16% said they would use private loans to pay for college, according to a recent survey.
Mortgage rates barely budged this week as more listings flood the market
Mortgage rates didn't change much this week, but more home listings are coming on the market even as buyers are backing off.
Study: Americans must make over $1 million per year to be in the top 1% in these states
What does it take to be among the top 1% in America? The answer depends on what U.S. state you call home, according to a new study.
Americans are falling behind on their car payments, data shows
Recent data from auto experts shows that Americans are struggling with car payments, with the number of defaults industrywide up in the first half of 2024.
First-time homebuyers are often overwhelmed by unexpected homeownership costs: study
Younger first-time buyers often don't consider additional housing costs such as repairs, improvements and emergencies.
Consumers find mild relief as June inflation dips by 0.1 percent
Inflation has slowed, thanks to a decrease in the gas index and the energy index.
Concierge medicine, does it save you money on health care?
More consumers are opting to pay a month’s fee for health care, as opposed to traditional insurance premiums. But concierge care can be expensive.
Leasing a car more popular, high-credit consumers choosing to lease more than 30 percent of the time
Car leases are becoming more popular as prices for cars still remains high.
More than 1 in 3 US households have financial insecurity, survey says
The number of American households that are feeling the strain when it comes to paying for necessities such as food and bills, saw a 6.7% increase in 2024 compared to the same period in 2022.
Some vacationers expect to use credit card for more than $5,000 of summer travel
Some Americans plan to pay for vacations this summer with credit cards for points, while others are doing it because they can't afford to travel otherwise, a recent Debt.com survey said.
Less than a third of Americans approve of how Biden has handled student loan debt
Borrowers with student loans find student loan debt forgiveness important, but not all approve of how loans have been handled.
Homeowners and renters struggling to afford the high cost of housing: survey
Renters and homeowners have had to downsize, tap their retirement savings and delay critical housing repairs to afford the high cost of housing, a recent Nationwide survey said.
Here's how much money Americans have to make to feel rich, according to survey
A new survey reveals that few Americans are making the kind of money they feel they need to live comfortably or be considered rich.
Here's how much debt the average consumer has, and where it's the worst
Researchers analyzed credit reports in the 100 largest U.S. metropolitan areas to show where consumers have the highest balances.
Fathers earned 31% more in annual wages than mothers in 2023, study finds
A recent study shows that in 2023, fathers earned 31% more than mothers, underscoring the persistent "motherhood penalty" in the workforce.
More than 40% of Americans have no clue what a 401k is, survey finds
More than one-third of respondents confessed to not knowing the term “interest” in a financial context.