New plan would cancel student loans for those with financial hardships
Student loan borrowers who face steep medical bills, child care costs and other types of financial hardship could see their student loan debt erased under a new proposal.
4 in 5 holiday travelers changing plans due to inflation, survey finds
A new Bankrate survey reveals that 83% of Americans are adjusting their 2024 holiday travel plans due to inflation, with many opting for shorter trips, cheaper accommodations, and alternative travel methods.
Social Security: Here's how far the average check goes in 50 largest US cities, according to study
Millions of Americans receive Social Security benefits and depending on where you live, the check might stretch a little more for expenses based on findings from a recent study.
Social Security: It'll be harder to qualify for retirement benefits starting in 2025 — what to know
It will become slightly harder to qualify for Social Security benefits in retirement next year amid a change related to the value of a work "credit."
IRS announces higher standard deductions for 2025
The IRS has announced higher standard deductions for U.S. taxpayers in 2025, allowing them to shield more income from taxation.
Should minimum wage be lower for workers who get tips? These 2 states will decide
The amount of money tipped workers make varies depending on the state. Currently, 14 states pay the federal minimum, or just above $2 an hour for tipped workers and $7 an hour for non-tipped workers.
A growing share of Gen Z adults don't think they'll retire: only 20% are saving for it
America's youngest adult generation is projected to live longer than previous generations, but few of them are preparing for a traditional retirement.
Mortgage rates continue to climb despite cuts by the Fed: Here’s why
Many Americans have been priced out of purchasing a home or making a move for years now amid elevated mortgage rates, sky-high home prices, and squeezed budgets due to inflation.
Survey: Nearly 40% of Gen Z workers skip lunch due to workload, guilt
A new survey reveals that almost 40% of Gen Z workers skip lunch due to guilt and heavy workloads, highlighting the pressures of modern work culture.
A closer look at how Trump's economic plan could impact inflation
Former President Donald Trump has vowed to eliminate inflation if he returns to office, but economists warn that his proposed policies, including high tariffs, mass deportations, and interference with the Federal Reserve, could worsen the issue.
Holiday spending projected to hit new record this year
Notable differences this year include the shopping period between Thanksgiving and Christmas being nearly a week shorter, and the economic impact of Hurricanes Helene and Milton.
Americans are feeling more anxious about their credit card debt, survey finds
Americans appear to be feeling more worried about mounting credit card debt, according to the New York Fed’s September 2024 Survey of Consumer Expectations.
Big Lots to shutter more than 50 retail locations
Big Lots aims to permanently close the doors of more than 50 stores in numerous U.S. states.
TGI Fridays closes a dozen stores across America in just one month
A dozen U.S. TGI Fridays locations have closed in the last month, as the brand also shutters 35 stores in the United Kingdom. Earlier closures this year were due to underperformance.
Tax extension deadline on Oct. 15: What to know about filing late returns
For Americans who filed for a tax extension for the 2023 tax year, the deadline is on Tuesday, Oct. 15, 2024.
Some Social Security recipients will get two payments in November. Here's why
Those who receive Supplemental Security Income (SSI) will receive an additional check in November due to how the payment schedule is lined up.
7-Eleven closing more than 400 locations
7-Eleven is closing hundreds of store locations across North America due to underperformance.
Trump proposes 15% corporate tax to 'save' US auto industry; threatens 1,000% tariffs on imports
Trump said Detroit's auto industry was decimated 'as if by a foreign army.'
States with the highest student loan payments: Study
New Hampshire topped the list with an average student loan payment of $229 and both Arkansas and Mississippi ranked the lowest with $142.
Inflation reaches lowest point in 3 years; here's what prices came down most
The improved inflation stats show that it’s steadily moving back to the Federal Reserve’s 2% target, with the agency likely to keep cutting its standard interest rate in 2024.