Many Americans plan to use their tax refunds to build savings in 2023, survey says

Many Americans plan to use their tax refunds to build savings in 2023, survey says

Americans challenged by inflation and rising costs plan to save less than $5,000 in 2023 and many are relying on tax refunds to make ends meet, a recent TaxAct survey said.

Americans challenged by inflation and rising costs plan to save less than $5,000 in 2023 and many are relying on tax refunds to make ends meet, a recent TaxAct survey said.

More Americans taking 'side hustles' to make ends meet

More Americans taking 'side hustles' to make ends meet

In today's expensive world, many Americans are turning to side hustles to make ends meet. From pet-sitting to food delivery, people are taking on extra work to pay for unexpected expenses and to gain disposable income.

In today's expensive world, many Americans are turning to side hustles to make ends meet. From pet-sitting to food delivery, people are taking on extra work to pay for unexpected expenses and to gain disposable income.

Medicare beneficiaries would need more than $300,000 for healthcare costs in retirement: EBRI

Medicare beneficiaries would need more than $300,000 for healthcare costs in retirement: EBRI

Medicare beneficiaries in retirement would need to have saved anywhere from $96,000 to $383,000 to cover most of their healthcare needs, according to EBRI. The organization found that in general, Medicare Advantage enrollees have lower savings targets. But these private industry plans have their pros and cons.

Medicare beneficiaries in retirement would need to have saved anywhere from $96,000 to $383,000 to cover most of their healthcare needs, according to EBRI. The organization found that in general, Medicare Advantage enrollees have lower savings targets. But these private industry plans have their pros and cons.

Seniors worry Social Security increase not enough to cover rising costs: Survey

Seniors worry Social Security increase not enough to cover rising costs: Survey

More than half of survey respondents said the latest increase to Social Security benefits doesn't adequately cover rising costs. As inflation rises, the increase in spending exceeded the latest 8.7% COLA adjustment.

More than half of survey respondents said the latest increase to Social Security benefits doesn't adequately cover rising costs. As inflation rises, the increase in spending exceeded the latest 8.7% COLA adjustment.

Mortgage rates continue to decline: Freddie Mac

Mortgage rates continue to decline: Freddie Mac

The average rate for a 30-year fixed-rate mortgage dropped to 6.28% for the week ending April 4, according to Freddie Mac's Primary Mortgage Market Survey.

The average rate for a 30-year fixed-rate mortgage dropped to 6.28% for the week ending April 4, according to Freddie Mac's Primary Mortgage Market Survey.

Most Americans don’t know these financial solutions could help lower their tax burden: survey

Most Americans don’t know these financial solutions could help lower their tax burden: survey

Only 2% of Americans can correctly identify financial solutions with tax advantages, despite one in three saying they prioritize investments that would help them pay less in taxes either now or in the future, a recent Lincoln Financial Group survey said.

Only 2% of Americans can correctly identify financial solutions with tax advantages, despite one in three saying they prioritize investments that would help them pay less in taxes either now or in the future, a recent Lincoln Financial Group survey said.

These are February's hottest housing markets

These are February's hottest housing markets

Thirteen of the top 20 hottest home markets in February had median listing prices below the national median, the report from Realtor.com said.

Thirteen of the top 20 hottest home markets in February had median listing prices below the national median, the report from Realtor.com said.

These states' student loan forgiveness plans would work even if Biden's fails

These states' student loan forgiveness plans would work even if Biden's fails

With the jury still out on Biden's student loan forgiveness, some states are stepping up their plans, a recent report by The Pew Charitable Trusts said.

With the jury still out on Biden's student loan forgiveness, some states are stepping up their plans, a recent report by The Pew Charitable Trusts said.

Homebuyers find opportunity in declining mortgage rates: Freddie Mac

Homebuyers find opportunity in declining mortgage rates: Freddie Mac

The average rate for a 30-year fixed-rate mortgage dropped to 6.32% for the week ending March 30, according to Freddie Mac's Primary Mortgage Market Survey.

The average rate for a 30-year fixed-rate mortgage dropped to 6.32% for the week ending March 30, according to Freddie Mac's Primary Mortgage Market Survey.

Rising number of Americans choose bankruptcy to deal with unmanageable debt: report

Rising number of Americans choose bankruptcy to deal with unmanageable debt: report

Total individual bankruptcy filings in February rose to 30,193, up 18% from a year ago and up 2% from January, according to a recent American Bankruptcy Institute (ABI) report.

Total individual bankruptcy filings in February rose to 30,193, up 18% from a year ago and up 2% from January, according to a recent American Bankruptcy Institute (ABI) report.

Self-directed retirement plan balances increased in Q4: report

Self-directed retirement plan balances increased in Q4: report

Self-directed retirement plan balances as well as balances for 401(k)s, 403(b)s and individual retirement accounts (IRA)s increased at the end of 2022, despite year-over-year losses.

Self-directed retirement plan balances as well as balances for 401(k)s, 403(b)s and individual retirement accounts (IRA)s increased at the end of 2022, despite year-over-year losses.

Mortgage rates expected to rise amid economic volatility: Realtor.com

Mortgage rates expected to rise amid economic volatility: Realtor.com

Despite a recent decrease in mortgage rates, economic pressure could elevate rates for the near term, according to an analysis by Realtor.com. But homebuyers may find some solace in overall lower home prices, stronger negotiating power and smaller down payments, another report suggests.

Despite a recent decrease in mortgage rates, economic pressure could elevate rates for the near term, according to an analysis by Realtor.com. But homebuyers may find some solace in overall lower home prices, stronger negotiating power and smaller down payments, another report suggests.

Student loan refinance interest rates fall for 10-year loans

Student loan refinance interest rates fall for 10-year loans

The latest trends in interest rates for student loan refinancing from the Credible marketplace, updated weekly.

The latest trends in interest rates for student loan refinancing from the Credible marketplace, updated weekly.

Gas prices drop despite rising demand, tighter supply: AAA

Gas prices drop despite rising demand, tighter supply: AAA

Gas prices decreased this week to $3.49 per gallon, AAA reported. And prices could hold steady as the price of oil remains low, despite a rise in demand for gas.

Gas prices decreased this week to $3.49 per gallon, AAA reported. And prices could hold steady as the price of oil remains low, despite a rise in demand for gas.