If you feel stressed about the future of your finances, taking control of your money can alleviate that stress and guide you toward a future in which your money continues to grow with you.  The truth is that financially planning for your future does take time, but once you get…

Today’s retirees are facing stubborn inflation, staggering healthcare costs and an uncertain Social Security system. And by the next decade, many could witness severe losses to Social Security benefits, according to an analysis by the Committee for a Responsible Federal Budget (CFRB).  When the Social Security fund is expected to…

Following the dawn of the COVID-19 recession, Americans collectively accumulated a record $2.1 trillion in excess savings, according to research by the Federal Reserve Bank of San Francisco.  The San Francisco Fed refers to excess savings as the difference between actual savings and the pre-recession trends, relative to previous recessions.…

Amid high inflation and rising interest rates, most Americans believe the economy is in bad shape, according to a poll from Quinnipiac University. In fact, 71% of Americans described the economy as either not so good or poor and 51% said it’s getting worse, the survey said. However, 60% of…

With Congress potentially unable to reach an agreement on federal spending legislation to be signed by the president, the government could shutdown on Oct. 1. And that’s a particularly important date for many student loan borrowers, as it marks the resumption of student loan payments following a federal pause that…

Amid economic uncertainty, the back-to-school season could have a significant impact on the wallets of American families with children, according to a survey by ScoreSense, a product of One Technologies. More than half (67%) of parents said inflation is affecting their ability to pay for their children’s education, school supplies…

Despite recent market volatility, Americans’ retirement account balances increased in the second quarter of 2023, marking the third straight period of growth, according to the latest data by Fidelity Investments.  The average IRA balance grew to $113,800, a 5% increase from last quarter, and a 41% increase from 10 years…

With mortgage rates hovering around 5% to 7% in recent months, mortgage payments have jumped to a near-record high, according to the latest data by Redfin. In fact, the typical monthly mortgage payment was $2,612 with a 7.18% mortgage rate during the four weeks ending Sep. 3 – just $18…

Interest has begun to accrue on federal student loans again and many borrowers will face their first student loan payment since March 2020 in October. But under President Joe Biden, the Department of Education is running a series of programs and updates designed to reduce student loan payments to as…

Americans have amassed record-high debt amid high inflation and recession fears. But there are ways to get back on track. Consumers have a variety of options ranging from low-interest personal loans to quickly pay off debt or financial strategies that allow consumers to pay off debt at their own pace. …