Most common hidden ‘junk fees’ and how much they cost you

Junk fees increase the total cost of many goods and services including concert tickets, hotel rooms, gym memberships and utility bills.

$3 million may be paid to private student loan borrowers ignored by servicer – Here's who is impacted

A student loan servicer may be on the hook for ignoring borrowers' requests for payment reduction on loans held by the National Collegiate Student Loan Trusts following a CFPB enforcement action.

More Americans to qualify for Social Security under new SNAP rule

The Social Security Administration has expanded the definition of a public assistance household to include SNAP recipients, broadening eligibility and potentially increasing benefits for more Americans.

Social Security fund gains extra year of solvency – benefits will begin to be reduced in 2035

Social Security trust funds will not run out of money until 2035, at which point Seniors can expect their benefits to be reduced by 17% unless Congress takes steps to shore up the program.

Art Institutes borrowers to get student debt cancellation, Biden says

The president and Education Secretary Miguel Cardona described the Art Institutes as "predatory" and said the new handouts would help students who were victims of their actions.

What do higher-for-longer interest rates mean for your money?

Americans will be forced to adapt to a new normal where savers benefit from higher rates, but borrowers face steeper debt payments on everything from credit cards to mortgages to student loans.

Consumers see higher auto payments in exchange for better borrowing rates

Car loan terms have shortened as buyers with better credit seek cheaper rates for higher monthly payments, a recent Experian report said.

How much money it takes to be 'rich' in America for 2024

A recent GOBankingRates study utilizing IRS data reveals that the income required to be considered "rich" varies widely across the U.S., reflecting regional differences in cost of living, local economies, and tax structures.

More newlyweds opting for a 'mini-moon'– here's why

The need for fun and relaxation after the wedding day is leading more newlyweds to choose shorter getaways as an alternative to traditional honeymoons.

Bad service, no tip: Most Americans demand quality before tipping

A recent YouGov poll reveals that as tipping becomes an expected norm in increasingly varied sectors amid rising living costs, over half of Americans now express a growing resentment towards tipping, opting to leave no tip for subpar service.

'Doom spending' instead of home buying—how young people are spending their money

Amid inflation and climate concerns, younger generations, including Gen Z and millennials, are turning to "doom spending," buying luxuries as they find homeownership increasingly unaffordable.

How often does the IRS audit?

While the IRS accepts most tax returns, there are certain mistakes to avoid that may prompt the agency to take a closer look at your documents.

Biden announces a fresh round of $7.5 billion in student loans canceled

The latest round of cancellations targets $7.4 billion of student loans for 277,000 borrowers, the Department of Education said in a statement.