Ozgurcankaya | E+ | Getty Images Biggest warning sign The biggest red flag that a listing is a scam is when you are asked to leave a listing platform such as Vrbo or Airbnb in order to provide a payme...
Tag: Personal debt
Stephen Roach gives stagflation warning, calls peak inflation absurd
Stagflation is making a comeback, according to former Morgan Stanley Asia chairman Stephen Roach. He warns the U.S. is on a dangerous path that leads to higher prices coupled with slower growth. ̶...
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...
Stagflation risk rises as the Federal Reserve tightens monetary policy
The Federal Reserve is hiking interest rates in an effort to defuse an explosive year of price inflation. But global forces could neutralize the effects of that tightening of monetary policy, and keep...
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...
High inflation may prompt consumers to change summer vacation plans
Summer vacations plans could be in flux this year. This time, it’s not because of Covid-19. Instead, high prices due to inflation may prompt prospective travel goers to switch up their plans. In...
74% of people don’t think they will ever achieve high-net-worth status
cdwheatley | E+ | Getty Images People have wide-ranging views of what it means to be “high net worth,” according to a survey from digital wealth manager Personal Capital. Yet most people —...
These states poised to pass personal finance education laws this year
Lee Jimenez, a teacher at Indian Hill Elementary School in Cincinnati, Ohio, discusses credit cards and methods of payments with his 3rd grade class using online financial education curriculum SmartPa...
Market will break out of slump due to peaking inflation: Evercore ISI
The market slump may be in its final innings. According to Evercore ISI’s Julian Emanuel, stocks should start grinding higher due to peaking inflation. He cites a positive trend going back to th...
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 ...
Governors say financial education should extend beyond school years
Student Olivia Raymond participates in a personal finance course in her middle school class in West Orange, New Jersey, in February 2020. CNBC Pursuing financial literacy is something that should cont...
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...
Most medical debt to come off credit reports. What to do if it doesn’t
Maskot | Maskot | Getty Images If you have medical debt weighing down your credit score, it may be wiped off your credit report in a few months. Yet before you cheer the good news, first make sure you...
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 ...
Your 2019 leased car could now be worth $7,200 more than expected
Fg Trade | Istock | Getty Images If your three-year auto lease is coming to an end soon, be aware that your car may be worth far more than you realize. The 2022 average trade-in value for 2019 model-y...
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...
Homeowners hold record equity. What to know if you want to borrow
New homes under construction by CastleRock Communities in Kyle, Texas, in November 2021. Matthew Busch | Bloomberg | Getty Images Record increases in home prices are also pushing up the amount of equi...
Ranks of these investors are poised for fast growth in coming decade
Prasit photo | Moment | Getty Images The U.S. wealth management industry is poised to grow by about 5% annually over the next five years, while certain segments of the investor population are position...
Inflation, high gas prices contributing to financial anxiety
Gasoline prices are displayed at a Los Angeles gas station on Feb. 8, 2022. Mario Tama | Getty Images As inflation climbs to historic highs, rising gasoline and other consumer prices are among America...
Financial anxiety is high. Why financial planners may miss the signs
The Covid-19 pandemic has made it difficult for people to answer big questions about their futures, and many financial planners are underestimating the financial anxiety that is causing, according to ...
Consumer debt totals $15.6 trillion after a record-breaking increase in 2021
A customer counts his cash at the register while purchasing an item at a Best Buy store in Flushing, New York. Jessica Rinaldi | Reuters Consumers ended 2021 with record levels of debt, leading into a...
Used-car prices may be easing, research shows
Jim Watson | AFP | Getty Images Used-car prices may be starting to soften, research suggests. After surging through the pandemic by as much as 50%, prices in the used-car market showed some easing in ...
Some ticket prices are up as much as 100%
Going out is not only less common these days, it’s also a lot more expensive. In general, the prices that consumers pay for goods and services recently notched their largest year-over-year jump ...
Here’s what to consider before taking a pay cut
Drakula & Co. | Moment | Getty Images The pandemic has upended millions of American lives, and for many has made them reconsider priorities around work. That’s prompted many to quit jobs ami...
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...