Lower yields on deposits but better terms on credit cards: Those are two ways consumers might feel some impact from the next Federal Reserve interest-rate cut, which is looking more likely amid recent signs of economic weakness. However, the long-anticipated move might not do much good for your finances, unless it’s followed by a series
Back-to-college involves far more than scrolling online to shop for dorm-ready decor. It’s also triggers yet another reminder that it’s time to get back to borrowing — and, yes, sticker shock. The fixed interest rate on federal student loans will climb to 6.53% for undergraduate loans — up from 5.5% last year. The new higher
What would it take for you to bite the bullet and finally buy a home, or sell your current home for something that better suits your needs? For most people, it wouldn’t be a sudden uptick in housing inventory or a drastic decrease in home prices — though, that would probably help. Instead, according to
The cost of living is hitting Generation Z. Nearly half of Gen Z adults say they get financial help from parents and family, a new survey suggests. Almost half (46%) of Gen Z adults ages 18 to 27 said they relied on financial assistance from their parents or other family members, in the “Parent Trap”
America’s home equity has doubled in seven years. Homes are the nation’s piggy bank. And they are worth a collective $32.8 trillion, as of early 2024, according to federal data. That’s up from $15.6 trillion in the first quarter of 2017. The figure represents the nation’s collective home equity: How much all the homes are