Student loan repayment: Nearly half of Americans with college debt to cut essential spending

Student loan repayment: Nearly half of Americans with college debt to cut essential spending

With student loan payments underway after the federal pause ended, many Americans are cutting back on essentials to make ends meet, MassMutual found. But Biden’s student loan relief initiatives aim to help borrowers now.

With student loan payments underway after the federal pause ended, many Americans are cutting back on essentials to make ends meet, MassMutual found. But Biden’s student loan relief initiatives aim to help borrowers now.

Fear over Social Security's future pushes Americans to claim benefits early: survey

Fear over Social Security's future pushes Americans to claim benefits early: survey

Most Americans understand Social Security, but concern over its future is pushing many to claim retirement benefits early, a recent Schroders survey said.

Most Americans understand Social Security, but concern over its future is pushing many to claim retirement benefits early, a recent Schroders survey said.

Gas prices unseasonably high despite a drop in demand: AAA

Gas prices unseasonably high despite a drop in demand: AAA

Nationwide gas prices dipped on average by only three cents to $3.83 for the week ending Sept. 28, according to AAA.

Nationwide gas prices dipped on average by only three cents to $3.83 for the week ending Sept. 28, according to AAA.

Extreme weather impacting how buyers shop for homes: Zillow

Extreme weather impacting how buyers shop for homes: Zillow

Most shoppers consider at least one climate risk in the homebuying process, a recent Zillow survey said.

Most shoppers consider at least one climate risk in the homebuying process, a recent Zillow survey said.

Americans to deplete pandemic era savings by end of Q3

Americans to deplete pandemic era savings by end of Q3

After accumulating record breaking excess savings in the COVID-19 recession, Americans could soon deplete these reserves, the San Francisco Fed reported.

After accumulating record breaking excess savings in the COVID-19 recession, Americans could soon deplete these reserves, the San Francisco Fed reported.

How a government shutdown could affect student loan payments

How a government shutdown could affect student loan payments

With a government shutdown looming, student loan borrowers could face more headaches once student loan repayments resume after a three year pause. Here’s what you need to know.

With a government shutdown looming, student loan borrowers could face more headaches once student loan repayments resume after a three year pause. Here’s what you need to know.

Student loan scams surge as October repayment date approaches

Student loan scams surge as October repayment date approaches

Scammers are looking to take advantage of borrowers in need of financial assistance as student loan payments start back up.

Scammers are looking to take advantage of borrowers in need of financial assistance as student loan payments start back up.

Biden's student debt forgiveness may be taxed in these five states

Biden's student debt forgiveness may be taxed in these five states

Although student debt discharged is exempt from federal tax due to the American Rescue Plan Act of 2021, some states may still tax the savings, according to a report by the Tax Foundation.

Although student debt discharged is exempt from federal tax due to the American Rescue Plan Act of 2021, some states may still tax the savings, according to a report by the Tax Foundation.

Household income drops amid high inflation

Household income drops amid high inflation

The typical American’s income dropped for the third straight year amid record-high inflation. But you can still pay down high-interest debt quickly.

The typical American’s income dropped for the third straight year amid record-high inflation. But you can still pay down high-interest debt quickly.

Inflation is affecting parents' ability to pay for education: survey

Inflation is affecting parents' ability to pay for education: survey

Inflation is taking a toll on back-to-school shopping expenses in 2023 as parents struggle with funding their children's education, supplies and extracurriculars, according to a survey.

Inflation is taking a toll on back-to-school shopping expenses in 2023 as parents struggle with funding their children's education, supplies and extracurriculars, according to a survey.

Fed pauses interest rate hikes in September but could raise rates again this year

Fed pauses interest rate hikes in September but could raise rates again this year

The Federal Reserve paused interest rates in its September meeting. But inflation remains high as Americans deal with record credit card debt. Here’s what to do.

The Federal Reserve paused interest rates in its September meeting. But inflation remains high as Americans deal with record credit card debt. Here’s what to do.

Social Security payments could rise 3.2 percent in 2024

Social Security payments could rise 3.2 percent in 2024

The Social Security cost of living adjustment could increase to 3.2% in response to high inflation. But it’s far from the 2023 record raise and many Americans still struggle to generate retirement income.

The Social Security cost of living adjustment could increase to 3.2% in response to high inflation. But it’s far from the 2023 record raise and many Americans still struggle to generate retirement income.

Map: Here's the minimum annual income required to be middle class in each state

Map: Here's the minimum annual income required to be middle class in each state

Inflation has surged in the past few years, peaking at 9% in June 2022. That means some families who were middle class in 2020 may no longer be in that category.

Inflation has surged in the past few years, peaking at 9% in June 2022. That means some families who were middle class in 2020 may no longer be in that category.