A quarter of student loan borrowers said they'd boycott repayment
25% of Americans said they’ll boycott student loan payments after the pause. But defaulting on student loans can be severe even with Biden’s student loan safety net programs.
GDP surges past expectations in Q3, recession less likely
An uptick in consumer spending helped the U.S. economy grow in the third quarter and increased the odds of a soft landing.
Halloween spending will hit a new record but consumers weary of inflation's impact: report
Americans plan to spend a record $12.2 billion on Halloween this year, beating last year's blowout of $10.6 billion, according to a report by the National Retail Federation (NRF).
Debt relief scams grow as consumer debt hits record high: BBB
The Better Business Bureau has received over 11,000 complaints and almost 900 negative reviews about debt and credit assistance.
Student loan scammers arise as repayment begins
As student loan repayment begins after a federal pause, scammers are preying on borrowers seeking debt relief. But there are free and legitimate ways to lower your monthly payments or get student loan relief. Here's how.
Here's why more Americans are choosing the risky option of driving without insurance: report
Auto insurers are passing on the rising cost of covering claims to their customers and an increasing number are deciding to forgo coverage as a result, a recent report by J.D. Powers said.
US retirement system earns just a C+ in global study
US retirement system grade on par with Kazakhstan and Colombia
Credit card delinquency rates and balances are on the rise
Credit card delinquency rates and balances increased in Q2 2023 amid a high interest-rate environment. But there are many ways to pay off debt quickly.
Here are the states with the most student loan debt
The average overall student debt has increased by 106% or 6.6% each year over 16 years.
Social Security COLA 2024 may impact your taxes in a big way
The 2024 Social Security cost of living adjustment (COLA) increase aligns with early estimates based on inflation figures for the previous three months.
Mortgage rates headed to 8 percent territory if Fed keeps up hike pace: Freddie Mac
The average 30-year fixed-rate mortgage increased to 7.57% for the week ending Oct. 12, according to Freddie Mac's latest Primary Mortgage Market Survey.
Home insurance prices increased nearly 25 percent: Policygenius
Home insurance costs have increased due to natural disasters and inflation pressures. But there are ways to save on homeowners insurance policies.
Jobs offering student loan assistance more than double: study
With student loan debt growing to more than $1.7 trillion, employer student loan assistance programs for workers seem to be on the rise, according to Handshake.
Here's how borrowers who can't make student loan payments can avoid defaulting
The 12-month student loan on-ramp period will help struggling borrowers from suffering the worst consequences of missed, late, or partial payments, according to a recent Harvard University Employee Credit Union blog.
Social Security COLA update is coming: What retirees need to know
Social Security recipients may get a smaller COLA increase in 2024.
Social Security cuts: Retirees could face more than $17,000 in annual benefits losses
Social Security could run out of money to make full benefits payments in 2033, spurring as much as $23,000 in benefits cuts for retirees, a study found. Here’s what you need to know.
Student loan repayment: Nearly half of Americans with college debt to cut essential spending
With student loan payments underway after the federal pause ended, many Americans are cutting back on essentials to make ends meet, MassMutual found. But Biden’s student loan relief initiatives aim to help borrowers now.
Biden administration gears up for second attempt to cancel federal student loans
The Department of Education is planning to hold meetings in two weeks to discuss how to provide debt relief to federal student loan borrowers.
Consumers grow unhappy with credit card perks as they spend at record levels: report
Consumers are growing unhappy with credit card perks designed to build loyalty as debt soars to new highs, a recent J.D.Power report stated.
Car insurance cost rises 17%: Here are some factors that can help lower your bill
Insurance premiums have increased by 17% over the past 12 months, but drivers can use some cost-reducing strategies to lower those premiums, according to a recent Experian report.