Inflation is affecting parents' ability to pay for education: survey
Inflation is taking a toll on back-to-school shopping expenses in 2023 as parents struggle with funding their children's education, supplies and extracurriculars, according to a survey.
Social Security overpaid North Texas woman by $41K, now they are demanding the money back
Delfina Prisock says her life was turned upside down when she received the letter from the Social Security Administration in May, demanding she repay more than $41,000 in benefits.
Fed pauses interest rate hikes in September but could raise rates again this year
The Federal Reserve paused interest rates in its September meeting. But inflation remains high as Americans deal with record credit card debt. Here’s what to do.
Student loan repayment may force some to take on more debt: survey
Many student loan borrowers are anxious that they won't be able to meet their payment obligations once repayments resume in October, according to a recent survey by Achieve.
Social Security payments could rise 3.2 percent in 2024
The Social Security cost of living adjustment could increase to 3.2% in response to high inflation. But it’s far from the 2023 record raise and many Americans still struggle to generate retirement income.
Here's how much it costs to raise a child in your state
Data shows the average annual cost to raise a child rose nearly 20% between 2016 and 2021.
Data reveals states with the highest credit card debt
Credit card debt topped $1 trillion nationwide.
Map: Here's the minimum annual income required to be middle class in each state
Inflation has surged in the past few years, peaking at 9% in June 2022. That means some families who were middle class in 2020 may no longer be in that category.
Medicare Part D drug prices increase more than 200 percent on average: AARP
The average price of 25 prescription brand name drugs with the highest Medicare D spending increased by 226%, AARP reported. But provisions in the Inflation Reduction Act aim to lower the costs of Medicare coverage for retirees.
Here's how to lower your monthly student loan payments
There are many ways to lower student loan payments or get forgiveness. These include the Saving on A Valuable Education (SAVE) plan, income-driven repayment (IDR) plans, public service loan forgiveness (PSLF) and more.
Intuit fires back at FTC judge who said company used 'deceptive advertising' for TurboTax
A Federal Trade Commission judge ruled against Intuit on Friday, finding the company engaged in deceptive advertising by offering customers "free" tax preparation with TurboTax.
Shopping on an impulse is derailing American budgets – here's how to take control
Almost 56% of U.S. consumers said they had a spending plan, but 49% said that impulse purchases had caused financial stress, according to the survey by You Need a Budget.
Gen Zers credit card balances grow the fastest: TransUnion
Overall card balance surged to a record high of $963 billion in the second quarter — Gen Zers debt represented the most significant share of this growth, according to TransUnion.
IRS plans to crack down on 1,600 millionaires to collect millions of dollars in past due taxes
IRS Commissioner Daniel Werfel said the agency has new means of targeting wealthy people who have “cut corners” on their taxes.
Over 4 million student borrowers enroll in Biden’s SAVE forgiveness plan
The Department of Education said it had received nearly 4 million applications for a new income-driven repayment program since launching at the end of July.
Here is how you can avoid a tax refund shock next year
Next year’s tax refund shouldn’t be a shock to Americans if they take stock of their income taxes mid-year, according to Jackson Hewitt.
Back-to-school shopping expenses to reach record high: survey
Back-to-school spending in 2023 could reach a record high of more than $40 billion, largely due to demand in electronics, a survey reported. At the same time, Americans continue dealing with high inflation.
Student loan woes: Repayments set to begin as pandemic-era pause expires
For years, people with student loans benefited from a Federally-ordered pause of payments. However, payments are set to start soon, and that means an additional financial burden for some.
Nightly Roundup: Boy mauled by pitbull; family mourns drive-by shooting victim
From a boy who was mauled by a family friend's pitbull dog, to learning more about the money you need to retire for the lifestyle you're hoping for, here's a look at some of our top stories tonight.
Fidelity reveals how much money you need to retire for the lifestyle 'you're hoping for'
Fidelity gives guidance to 'encourage people to save for retirement.'