U.S. consumers took out more auto and student loans in October, but cut back on credit card borrowing, a sign that they remain cautious about spending amid a spike in virus cases. The Federal Reserve said Monday that consumer borrowing...
YouTube is filled with videos promising to teach you how to make big bucks trading stocks on your home computer. Matthew's videos tell you how to lose money. A real estate agent and amateur investor, Matthew, who prefers his last...
The feasibility of President-elect Joe Biden’s bold plan for sweeping tax increases on the wealthy has been vastly diminished in the absence of big Democratic wins in the U.S. House of Representatives and Senate. But don’t count out tax changes...
Social Security benefits are an important source of retirement income, but they can't be your sole source. That's because they aren't designed to replace enough of your pre-retirement income to maintain your standard of living. The rule of thumb is...
Fannie and Freddie’s regulator is reportedly considering an attempt to end government control over the mortgage giants before Joe Biden enters the White House Fannie Mae and Freddie Mac have been kept in conservatorship limbo for over a decade now....
Successfully saving enough for retirement is challenging under the best of circumstances. That's why it's so important to avoid major mistakes. Unfortunately, there's a lot that could go wrong, from picking the wrong asset allocation to choosing investments with high...
The latest unemployment claims data rose again unexpectedly, with 742,000 Americans filing initial claims last week as coronavirus cases and deaths spiked around the country. The numbers were above what labor market observers expected and continuing claims also came in...
Open enrollment, a window when people can pick new health care plans through the Affordable Care Act’s online marketplaces, continues through Dec. 15. But some consumers might be tempted by ads on social media or in emails that dangle an...
There's good news and bad news from the IRS for Americans saving for retirement with IRAs, 401(k)s, and other retirement accounts in 2021. Let's start with the bad news: Contribution limits won't go up next year. And now the good...
Cloudy with a Chance of Meatballs Most have heard of the above children’s story from the 1980s, Cloudy with a Chance of Meatballs, where the small town of Chewandswallow is unlike any town in the world, completely reliant on the...
An out-of-work travel agent whose mortgage payments were deferred now worries about losing her house. A couple can’t pay myriad bills after the $600 unemployment bonus ran out. An idled maintenance supervisor has fallen further behind on rent. USA TODAY...
Persistent layoffs are slowing momentum in the labor market, which bodes poorly for the broader U.S. recovery as millions of out-of-work Americans delay their mortgage and rent payments. More than 6 million households failed to make their rent or mortgage...
And that means they're missing out on a key opportunity to end up with more money for their senior years. Social Security won't cover all of your bills in retirement. You can expect those benefits to replace about 40% of...
Some Robinhood customers say their money was looted, suggesting online stock trading may be less secure than investors hoped. It feels as easy as it does safe. With a few swipes of the thumb, investors anywhere can trade stocks straight...
Kyle and Sara Sutton have been “looking aggressively” for a three- or four-bedroom, two-bath home in Grand Rapids, Mich. since April. Though they’ve made offers on five houses so far — even one without those much-coveted two bathrooms — they’ve...
