Back-to-school shopping expenses to reach record high: survey

Back-to-school spending in 2023 could reach a record high of more than $40 billion, largely due to demand in electronics, a survey reported. At the same time, Americans continue dealing with high inflation.

Mortgage rates take a dip ahead of Labor Day weekend: Freddie Mac

Mortgage rates declined this week, but remain elevated, Freddie Mac reported. But the direction of mortgage rates remains uncertain ahead of the Fed’s next meeting, where the central bank could raise interest rates again.

GDP growth for Q2 dips on second estimate

Gross domestic product (GDP) increased in Q2 2023 and signs of a strong economy could push the Fed to raise interest rates again. This could have a major impact on consumer debt.

Americans consider using credit cards to afford student loan payments: survey

Many Americans who used the pause on student loan payments to reduce debt may now have to reverse course, according to a recent Empower survey.

Backpage founder faces 2nd trial in alleged sex sales scheme

A founder of the lucrative classified site Backpage.com will face his second trial on charges of facilitating prostitution and laundering money in what authorities say was a scheme to knowingly sell ads for sex on the site.