Rising inflation not stopping consumer spending, new data shows
Personal incomes, which provide the fuel for future spending increases, rose 0.5% in October after having fallen 1% in September, a reflection of a drop in government support payments.
Personal incomes, which provide the fuel for future spending increases, rose 0.5% in October after having fallen 1% in September, a reflection of a drop in government support payments.
Unemployment benefits claims hit 52-year low after seasonal adjustments
Seasonal adjustments around the Thanksgiving holiday contributed significantly to the bigger-than-expected drop. Unadjusted, claims actually ticked up by more than 18,000 to nearly 259,000.
Seasonal adjustments around the Thanksgiving holiday contributed significantly to the bigger-than-expected drop. Unadjusted, claims actually ticked up by more than 18,000 to nearly 259,000.
Expect to pay more for Christmas trees, experts say
Experts said tree buyers should expect to pay between 10% and 30% more for both live trees and artificial trees
Experts said tree buyers should expect to pay between 10% and 30% more for both live trees and artificial trees
Dollar Tree doubles down on pricing items over $1
Dollar Tree will charge $1.25 for the majority of its products across all of its locations nationwide by the end of April.
Dollar Tree will charge $1.25 for the majority of its products across all of its locations nationwide by the end of April.
College costs have risen at nearly 5x the rate of inflation, report finds
The average cost of tuition, fees and other expenses at higher education institutions are rising at a much faster rate than inflation, according to a recent study.
The average cost of tuition, fees and other expenses at higher education institutions are rising at a much faster rate than inflation, according to a recent study.
Student loan payments restart in February, but survey finds 89% of borrowers aren't ready
About 9 in 10 fully employed borrowers said they are not financially secure enough to resume federal student loan payments in February 2022, according to a new survey.
About 9 in 10 fully employed borrowers said they are not financially secure enough to resume federal student loan payments in February 2022, according to a new survey.
Turning your pandemic purchase regrets into cash
While shoppers shared all different pandemic purchase regrets, money-saving expert Andrea Woroch says take your guilt and turn it into something positive.
While shoppers shared all different pandemic purchase regrets, money-saving expert Andrea Woroch says take your guilt and turn it into something positive.
Department of Labor raises federal contract workers’ minimum wage to $15 an hour
The U.S. Department of Labor announced on Monday an increase of the federal minimum wage to $15 an hour for federal contractors, giving a pay bump to hundreds of thousands of workers.
The U.S. Department of Labor announced on Monday an increase of the federal minimum wage to $15 an hour for federal contractors, giving a pay bump to hundreds of thousands of workers.
Jerome Powell nominated for 2nd term as Fed chair amid surging inflation
Biden's decision, reached after extensive consideration, strikes a note of continuity and bipartisanship at a time when surging inflation is burdening households and raising risks to the economy's recovery.
Biden's decision, reached after extensive consideration, strikes a note of continuity and bipartisanship at a time when surging inflation is burdening households and raising risks to the economy's recovery.
Build Back Better expands EV tax credit with $12.5K incentive on American-made electric cars
The Biden administration's trillion-dollar spending plan offers enhanced incentives for EV buyers who purchase a car through a domestic automaker.
The Biden administration's trillion-dollar spending plan offers enhanced incentives for EV buyers who purchase a car through a domestic automaker.
The risks of using buy now, pay later to finance holiday shopping on Black Friday
Buy now, pay later apps let you break up larger purchases into a short-term repayment schedule. But there are a few things you should know before you use them to finance holiday shopping.
Buy now, pay later apps let you break up larger purchases into a short-term repayment schedule. But there are a few things you should know before you use them to finance holiday shopping.
Build Back Better bill: Latest on the SALT deduction battle
Residents of high-tax states — such as New York and New Jersey — are looking for some relief on their tax bills via the Democrats' sweeping legislation that would raise the cap on the SALT deduction.
Residents of high-tax states — such as New York and New Jersey — are looking for some relief on their tax bills via the Democrats' sweeping legislation that would raise the cap on the SALT deduction.
US unemployment claims drop seventh straight week to 268,000
U.S. jobless claims dipped by 1,000 last week from the week before to a pandemic low of 268,000, the Labor Department reported Thursday.
U.S. jobless claims dipped by 1,000 last week from the week before to a pandemic low of 268,000, the Labor Department reported Thursday.
Target, Walmart say holiday inventory is up despite supply chain disruptions
Target and Walmart say they are kicking off the holiday season with stocked shelves despite the industry's battle with supply chains and shipping backlogs.
Target and Walmart say they are kicking off the holiday season with stocked shelves despite the industry's battle with supply chains and shipping backlogs.
Student loan borrowers begin to receive $2B worth of forgiveness under PSLF waiver
The Biden administration's temporary PSLF waiver will make it easier to have their federal student loans forgiven.
The Biden administration's temporary PSLF waiver will make it easier to have their federal student loans forgiven.
Social Security benefits see highest boost in 40 years, but inflation is higher
Social Security benefits will increase at their highest rate in 40 years, but the latest inflation numbers are even higher. Next year's increase may not be enough for seniors living on Social Security income.
Social Security benefits will increase at their highest rate in 40 years, but the latest inflation numbers are even higher. Next year's increase may not be enough for seniors living on Social Security income.
This is the state where student loan borrowers struggle the most to repay their debt: report
A new study compared the average student loan debt to median annual earnings for student loan borrowers two years after graduation. See what you can do if you want to avoid delinquency.
A new study compared the average student loan debt to median annual earnings for student loan borrowers two years after graduation. See what you can do if you want to avoid delinquency.
Biden signs $1T infrastructure bill into law as Congress debates climate, social bill
The bill includes providing $110 billion to repair the nation’s aging highways, bridges and roads.
The bill includes providing $110 billion to repair the nation’s aging highways, bridges and roads.
This Social Security statement change could simplify your retirement planning
The Social Security Administration will be sending out newly redesigned statements that helps Americans better understand and maximize their benefits.
The Social Security Administration will be sending out newly redesigned statements that helps Americans better understand and maximize their benefits.
US inflation: Economists explain why consumer prices are rising
For months, many economists had sounded a reassuring message that a spike in consumer prices, something that had been missing in action in the U.S. for a generation, wouldn’t stay long.
For months, many economists had sounded a reassuring message that a spike in consumer prices, something that had been missing in action in the U.S. for a generation, wouldn’t stay long.