The new year brings some major moves in the student loan industry. From a new round of forgiveness to more transparency around financial aid, students are getting help from universities and the government alike. For students who took out $12,000 or less in loans, the Biden-Harris Administration plans to forgive…

The quickest way to gain wealth over the past few years was by investing in the stock market, which rose faster than housing and other assets — but that wealth hasn’t been distributed evenly among Americans. Inequality by race and age in the U.S. persists in part because ownership of…

The American College of Financial Services just released its fourth Retirement Income Literacy Study. Every three years in the past decade The College has conducted a comprehensive survey of retirement income literacy, and these surveys have helped measure Americans’ understanding of key retirement planning issues. I draw four conclusions from…

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. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The…

If you’re hoping to gauge Americans’ lingering discontent with postpandemic price increases, look no further than the McDonald’s menu.  You can find gripes on social media about a $5 chicken sandwich, $3 hashbrowns or a $5.50 Egg McMuffin, all of which some customers have called too pricey for a place…

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. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. Borrowers…

A new bill winding its way through Congress aims to increase retirees’ net income from Social Security by eliminating federal taxation of benefits. Unless the You’ve Earned It Act miraculously becomes law, it is important that you understand how your Social Security benefits are taxed at the federal level. You’ve…

The Federal Reserve announced a widely anticipated fourth interest rate pause during its January meeting on Wednesday, leaving the federal funds rate at a 22-year high of 5.25% to 5.5%.  The central bank said it would continue to assess the impact of its restrictive monetary policy on the U.S. economy before…

The IRS is writing smaller refund checks, on average, at the start of this year’s income-tax-filing season, according to new numbers from the tax agency. Federal income-tax refunds are averaging $1,395 so far, according to Internal Revenue Service numbers released Friday on the filing season that started less than two…

There’s hope on the horizon for many different financial markets in 2024, but employee raises aren’t looking too promising, a WTW study reports. Employers in the U.S. are planning an average wage increase of 4% in 2024. This is down 0.4% from 2023 when the average increase was 4.4%. This…