Federal Reserve Chairman Jerome Powell speaks at a news conference following a Federal Open Market Committee meeting on May 4, 2022 in Washington, DC. Win McNamee | Getty Images The Federal Reserve lo...
Tag: Personal budgeting
Consumers spend $133 more monthly on subscriptions than they realize
Jose Luis Pelaez Inc | DigitalVision | Getty Images There’s a decent chance you don’t have a good handle on how much your subscriptions are really costing you. Consumers’ offhand gue...
Rising interest rates mean higher borrowing costs to buy a car
Newsday Llc | Newsday | Getty Images On top of elevated prices for new and used cars, financing the purchase of one is about to get more expensive. With the Federal Reserve boosting a key interest rat...
How to teach your kids to have a healthy relationship with money
Many parents intend to teach their children to have a healthy relationship with money but end up falling short — even though a majority say personal finance lessons are best taught at home. Some 83% o...
Georgia is now the latest state to mandate personal finance education
Georgia Governor Brian Kemp makes remarks during a visit to Adventure Outdoors gun shop as he pushes for a new state law to loosen requirements to carry a handgun in public, in Smyrna, Georgia, Januar...
CNBC + Acorns Invest in You survey
Moyo Studio | E+ | Getty Images As the coronavirus pandemic wears on and government aid sent at the beginning of the crisis runs out, Americans are feeling the impact of tight budgets. One-quarter of ...
Most Americans are worried about a recession hitting the U.S. in 2022
Rate hikes, soaring energy prices and geopolitical risks have combined to stoke fears of a possible recession. Credit Suisse however, thinks that is an unlikely scenario. Michael Nagle | Bloomberg | G...
Consumers squeezed by inflation plan to cut back if prices keep surging
Edwin Lopez sorts the money in the cash register at Frankie’s Pizza on January 12, 2022 in Miami, Florida. Joe Raedle | Getty Images As inflation continues to weigh on American households, peo...
Why the Federal Reserve raises interest rates to combat inflation
The Federal Reserve building in Washington, January 26, 2022. Joshua Roberts | Reuters The Federal Reserve is poised to announce its first interest rate hike since 2018 on Wednesday. The central bank ...
Have a case of buyer’s remorse? Why high inflation may be to blame
Shoppers are seen inside a shopping mall in Bethesda, Maryland on February 17, 2022. Mandel Ngan | AFP | Getty Images Inflation is pushing up prices everywhere, from grocery store shelves to gas pumps...
Here are the 5 most valuable airline and hotel rewards programs
An Alaska Airlines jet lands at Los Angeles International Airport on Feb. 7, 2022. Alaska’s Alaska Miles topped NerdWallet’s ranking of airline programs for 2022. George Rose | Getty Image...
These ‘money disorders’ may be contributing to your growing debt
The average American has $90,460 of debt. Experts say a significant amount of this can be explained by what they call “money disorders.” Money disorders is an umbrella term for recurring a...
56% of Americans can’t cover a $1,000 emergency expense with savings
JGI/Jamie Grill | Tetra images | Getty Images Most Americans are still struggling to build solid savings accounts nearly two years into the coronavirus pandemic. Some 56% of Americans are unable to co...
Auto insurance climbing 5% in 2022. Where it’s most, least expensive
Prostock-Studio | iStock | Getty Images Like many things right now, the cost of auto insurance is rising. For 2022, the average national cost to insure a car is expected to jump 5% to $1,707 annually,...