Americans are ‘doom spending’ — here’s why that’s a problem
Black Friday shoppers leave the Nike store as other shoppers wait in line to shop as retailers compete to attract shoppers and try to maintain margins on Black Friday, one …
Personal loans
What to know about refinancing as student loan payments resume
Recep-bg | E+ | Getty Images Now that federal student loan payments have restarted after a three-year reprieve, some borrowers may be wondering if it’s a good time to refinance. …
Can money buy happiness? 60% of adults say yes, it costs $1.2 million
Young adults put the price of happiness even higher When broken down by generation, millennials put the number much higher — more than $500,000 — according to the report. Millennials …
Phonepe: PhonPe app may offer personal loans in 2024: What it means for users
Popular digital payments platform PhonePe may start offering consumer lending products by January 2024. It is important to note that the Walmart-backed company will be working as a distributor for …
Black Friday deals aren’t always the best. How to snag lower prices
By most accounts, Black Friday and Cyber Monday promise some of the lowest prices of the season. And in 2023, more people than ever plan to take advantage of the …
Loophole for parent borrowers shut out of student loan relief measures
Once families hit their federal student loan limits, they often turn to federal Parent PLUS loans to secure the financing they need to send their children off to college. As college costs rose, …
Federal Reserve may not hike interest rates. What that means for you
Credit card rates top 20% Most credit cards come with a variable rate, which has a direct connection to the Fed’s benchmark rate. After the previous rate hikes, the average credit card …
Biden administration rolls out new consumer protections for borrowers
U.S. Secretary of Education Miguel Cardona speaks during the National Action Network’s National Convention in New York on April 12, 2023. Jeenah Moon | Reuters The Biden administration announced on …
Retail credit card average interest rate nears 30%
Hispanolistic | E+ | Getty Images As the average interest rate on retail store credit cards nears 30%, many holiday shoppers could be in for even more financial strain this …
Why more mortgage applications are being rejected based on income
Prospective buyers attend an open house at a home for sale in Larchmont, New York, on Jan. 22, 2023. Tiffany Hagler-Geard | Bloomberg | Getty Images As high home prices …