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Personal debt

Millennials will spend big this holiday season, TransUnion finds

by Joseph Addison
Millennials will spend big this holiday season, TransUnion finds

Parents tend to splurge on their children during the holidays. This year, 63% of millennials, many of whom now have school-age children of their own, said they plan to spend …

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The must-have gift of the season may be a ‘dupe’

by Joseph Addison
The must-have gift of the season may be a ‘dupe’

Caiaimage/Paul Bradbury | Caiaimage | Getty Images ‘Tis the season for giving … dupes? Buying a dupe — short for duplicates — rose to the top of this year’s holiday wish …

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73% of workers worry Social Security won’t be able to pay benefits

by Joseph Addison
73% of workers worry Social Security won’t be able to pay benefits

Sporrer/Rupp | Image Source | Getty Images Most Americans are concerned about what may happen to Social Security when its retirement trust fund crosses a projected 2033 depletion date, according …

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Social Security to send notices revealing size of 2025 benefit checks

by Joseph Addison
Social Security to send notices revealing size of 2025 benefit checks

A new 2.5% cost-of-living adjustment In 2025, retirement benefits will increase by about $50 per month, on average, according to the Social Security Administration. That’s as all beneficiaries will see …

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Black Friday deals and discounts to expect this season

by Joseph Addison
Black Friday deals and discounts to expect this season

A customer visits Macy’s Herald Square store in New York City during early morning Black Friday sales, Nov. 24, 2023. Kena Betancur | Getty Images Typically, the five days beginning …

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Student loan forgiveness program at risk after Trump win

by Joseph Addison
Student loan forgiveness program at risk after Trump win

10’000 Hours | Digitalvision | Getty Images Current borrowers should remain entitled to relief While the program remains in effect, borrowers are entitled to the relief, said Betsy Mayotte, president …

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Credit card debt among retirees jumps significantly

by Joseph Addison
Credit card debt among retirees jumps significantly

Mixetto | E+ | Getty Images The share of Americans with credit-card debt in retirement has jumped considerably — a worrisome financial trend, especially for those with little wiggle room …

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Yields on cash ‘well ahead of inflation,’ expert says. How to invest now

by Joseph Addison
Yields on cash ‘well ahead of inflation,’ expert says. How to invest now

Nopphon Pattanasri | Istock | Getty Images Investors have been able to get the best returns on cash, as the Federal Reserve raised interest rates to bring down the pace …

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Federal Reserve cuts rates after election. What that means for you

by Joseph Addison
Federal Reserve cuts rates after election. What that means for you

The Federal Reserve Building in Washington, D.C. Joshua Roberts | Reuters The Federal Reserve announced Thursday that it will lower its benchmark rate by a quarter point, or 25 basis …

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What Trump’s win could mean for student loan forgiveness

by Isabel Allende
What Trump’s win could mean for student loan forgiveness

The U.S. Department of Education’s work to cancel student debt for tens of millions of Americans will likely come to a halt with the election of Donald Trump, who has …

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