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.
Baby Boomers in their 60s have little saved for retirement while many Gen Xers have nothing saved.
Car finance advice: when to fix it up, when to ditch it
We’re all holding onto our cars a bit longer; the average age of a vehicle is at a record high 12.5 years! University of San Diego finance professor Dan Roccato joined FOX6 WakeUp live to explain.
We’re all holding onto our cars a bit longer; the average age of a vehicle is at a record high 12.5 years! University of San Diego finance professor Dan Roccato joined FOX6 WakeUp live to explain.
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.
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.
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.
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.
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.
Weather-related events in states like Texas, Colorado and Arizona are causing double-digit rate hikes for homeowners.
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.
California and New York have the largest share of million-dollar homes, making up most of the 550 cities with high home values.
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.
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.
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.
Borrowers with lower credit scores and FHA loans often turn to discount points more frequently than other groups.
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.
The unemployment rate barely budged, rising to 3.9% while just 175,000 jobs were added.
Americans paid slightly more for fuel this week as gas prices rose by a few cents, on average
Fuel costs didn't go up by much this week due to low oil prices and a lull in demand.
Fuel costs didn't go up by much this week due to low oil prices and a lull in demand.
Art Institutes borrowers to get student debt cancellation, Biden says
The president and Education Secretary Miguel Cardona described the Art Institutes as "predatory" and said the new handouts would help students who were victims of their actions.
The president and Education Secretary Miguel Cardona described the Art Institutes as "predatory" and said the new handouts would help students who were victims of their actions.
What do higher-for-longer interest rates mean for your money?
Americans will be forced to adapt to a new normal where savers benefit from higher rates, but borrowers face steeper debt payments on everything from credit cards to mortgages to student loans.
Americans will be forced to adapt to a new normal where savers benefit from higher rates, but borrowers face steeper debt payments on everything from credit cards to mortgages to student loans.
Americans adjust retirement goals up 15 percent but savings drop: survey
U.S. adults believe they will need at least $1.46 million to retire in style, a Northwestern Mutual survey said.
U.S. adults believe they will need at least $1.46 million to retire in style, a Northwestern Mutual survey said.
Consumers see higher auto payments in exchange for better borrowing rates
Car loan terms have shortened as buyers with better credit seek cheaper rates for higher monthly payments, a recent Experian report said.
Car loan terms have shortened as buyers with better credit seek cheaper rates for higher monthly payments, a recent Experian report said.
Biden's new student loan forgiveness plan would cost an extra $84 billion: report
Biden has proposed a plan B student loan forgiveness proposal that would cost taxpayers an extra $84 billion, a recent Penn Wharton analysis said.
Biden has proposed a plan B student loan forgiveness proposal that would cost taxpayers an extra $84 billion, a recent Penn Wharton analysis said.
Many Americans spend more than 30 percent of their take-home pay on a mortgage: survey
Homebuyers ready to take the plunge in today's housing market have had to sink a bigger portion of their paychecks into mortgage payments and make significant cuts to everyday spending, a recent survey said.
Homebuyers ready to take the plunge in today's housing market have had to sink a bigger portion of their paychecks into mortgage payments and make significant cuts to everyday spending, a recent survey said.
How much money it takes to be 'rich' in America for 2024
A recent study utilizing IRS data reveals that the income required to be considered "rich" varies widely across the U.S., reflecting regional differences in cost of living, local economies, and tax structures.
A recent study utilizing IRS data reveals that the income required to be considered "rich" varies widely across the U.S., reflecting regional differences in cost of living, local economies, and tax structures.
More newlyweds opting for a 'mini-moon'– here's why
The need for fun and relaxation after the wedding day is leading more newlyweds to choose shorter getaways as an alternative to traditional honeymoons.
The need for fun and relaxation after the wedding day is leading more newlyweds to choose shorter getaways as an alternative to traditional honeymoons.
More than a third of Gen Z, millennials seek help from their parents to afford a house down payment
Young homebuyers are combating high home prices by asking their parents for help with home down payments.
Young homebuyers are combating high home prices by asking their parents for help with home down payments.
Gas prices crept up this week, but not by much as oil prices fell
Demand for gas is up, but oil prices are down, causing gas prices to go up by just four cents.
Demand for gas is up, but oil prices are down, causing gas prices to go up by just four cents.