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.

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.

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.

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.

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.

How long could the UAW strike last? Here's how much strike pay the union has saved

The UAW strike could last for several months, based on the strategy that union president Shawn Fain has implemented -- which could spell major problems for Detroit's Big Three.

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.

Social Security overpaid North Texas woman by $41K, now they are demanding the money back

Delfina Prisock says her life was turned upside down when she received the letter from the Social Security Administration in May, demanding she repay more than $41,000 in benefits.

Bank of America will increase its minimum wage to $23 an hour

Bank of America’s minimum hourly pay will become $23 once the North Carolina-based company’s planned increase happens. 

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.

‘Take Care of Maya’: Family’s $200 million lawsuit against All Children’s Hospital goes to court

A child in extreme pain, a mother’s suicide, allegations of child abuse and an unconventional Ketamine therapy took center stage in a Sarasota County courtroom on Thursday as opening statements were heard in a case highlighted in the Netflix documentary ‘Take Care of Maya’.

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.

US national debt hits $33T for first time in history

The U.S. national debt exceeded $33 trillion on Monday for the first time ever, setting off alarm bells over unprecedented levels of government spending.

Katy Perry sells music catalog for $225 million

On Monday, the company announced that the deal would include Perry's five studio albums that she recorded for Capitol Records between 2008 and 2020. The sale is worth $225 million, according to multiple reports.