More car buyers are taking on $1,000-a-month payments, data shows. The average monthly payment on a new vehicle in 2015 was $491. The average amount financed: $28,769. Now, some 10 years later, the average monthly payment in the fourth quarter...
As if student loan borrowers didn’t have enough to worry about, some who fell into default during the pandemic-era payment pause are now seeing a long-dreaded consequence hit their paychecks: Federal wage garnishment has officially restarted for the first time...
Mortgage rates may have decreased only slightly this week, but the decline marks a significant moment: The 30-year fixed mortgage rate has dropped to its lowest point in 2025. The national average 30-year rate is now 6.15%, according to Freddie...
Making a plan for what happens to your assets when you’re gone may seem uncomfortable, but it can spare your loved ones a huge amount of money and conflict. On this week’s episode of Decoding Retirement, Robert “Bob” Powell speaks...
Expectations for annual growth in medical costs hit 10.1% in November, according to the New York Fed, the highest since 2014. Americans see their medical costs skyrocketing next year by the most in more than a decade, according to data...
Start 2026 off on solid financial footing by checking off these tasks by year-end. The end of the year is more than just holiday parties and last-minute shopping—it’s also your chance to give your finances a strong finish. Before the...
Retail sales data and earnings releases are giving us new insights into the American consumer. Raymond James chief investment officer Larry Adam says the data is pointing to a “weaker consumer.” He, along with Yahoo Finance Senior Reporters Jennifer Schonberger...
Boston Fed president Susan Collins said Wednesday that while she supported cutting interest rates at the last policy meeting, the bar for cutting rates further is “relatively high” and she sees holding rates at current levels for “some time.” “It...
A stablecoin is a cryptocurrency designed to maintain a consistent price relative to another asset, usually the U.S. dollar. Said another way, a perfectly effective stablecoin pegged to the dollar will always be worth $1. This behavior differs dramatically from...
It’s not too late. More than half of Americans age 50 and older worry that they won’t have enough money in retirement, and nearly as many wish they’d started saving earlier. Unfortunately, you can’t turn back the clock — but...
The median net worth of the top 1% is about 67 times higher than that of the typical American. “The 1%” is a common phrase used to describe the wealthiest Americans. But what does that mean exactly? And what does...
A government shutdown brings many of the nation’s federal functions to a halt while lawmakers hash out an agreement to provide funding for services like passport processing, disaster aid, and small business loans. But if you’re among the 68 million...
These stats highlight how Americans are saving, investing, and working toward their financial goals. When it comes to savings and wealth, digging into national data is one way to put your own finances into perspective. Looking at how Americans are...
Wall Street has priced in a 25 basis point cut to interest rates— the first of this year — expected from Federal Reserve officials coming out of their FOMC meeting this week. The biggest question now is what the US...
Find out how you measure up to your peers. Saving for retirement is a massive financial goal. Not only do you need to save a sizable amount of money now, but the consequences of not doing so can be severe....
