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Money

News related to money, savings and the economy.

Some student loan borrowers are getting refunds on top of loan forgiveness, here’s who qualifies

Some student loan borrowers are getting refunds on top of loan forgiveness, here’s who qualifies

Borrowers enrolled in forgiveness programs that have paid for longer than necessary qualify for refunds.

March 26, 2024 7:20pm EDT
Home listings are rising, but buyers aren’t buying due to high interest rates

Home listings are rising, but buyers aren’t buying due to high interest rates

Homeowners are eager to sell, despite make less in profits than they did in 2022.

March 26, 2024 2:38pm EDT
Consumers spend more than $1 trillion on interest payments, largely due to increasing credit card debt

Consumers spend more than $1 trillion on interest payments, largely due to increasing credit card debt

Consumers paid over $1 trillion in interest payments, most of which when toward high-interest credit card debt.

March 26, 2024 2:28pm EDT
Gas prices rise as spring season approaches: AAA

Gas prices rise as spring season approaches: AAA

Although demand is down, gas prices are still rising due to an increase in oil prices.

March 25, 2024 3:17pm EDT
Powerball jackpot hits $800 million, sixth biggest prize in history

Powerball jackpot hits $800 million, sixth biggest prize in history

Monday's Powerball jackpot is now the sixth largest in game history.

March 24, 2024 8:41am EDT
Powerball drawing tonight worth estimated $645 million

Powerball drawing tonight worth estimated $645 million

The new jackpot is the second to surpass $600 million this year after no one won the top prize in this weekend’s drawing.

March 18, 2024 10:11am EDT
Credit card balances surge past trillion dollar mark as Americans struggle to build savings

Credit card balances surge past trillion dollar mark as Americans struggle to build savings

Credit card balances surged in the fourth quarter, but new card originations slowed as banks tightened lending standards, according to a recent TransUnion report.

March 7, 2024 8:16pm EST
Mortgage rates ease slightly as spring homebuying season nears: Freddie Mac

Mortgage rates ease slightly as spring homebuying season nears: Freddie Mac

The average 30-year fixed-rate mortgage was 6.88% for the week ending March 7, according to Freddie Mac's latest Primary Mortgage Market Survey.

March 7, 2024 8:02pm EST
Americans in this state are the biggest tax procrastinators: survey

Americans in this state are the biggest tax procrastinators: survey

Wyoming topped the list as the state with the biggest procrastination problem for the second year running, according to the IPX 1031 survey.

March 6, 2024 5:38pm EST
Mortgage rates continue their upward climb, prospective buying activity down

Mortgage rates continue their upward climb, prospective buying activity down

As interest rates and homeowners insurance rate rise, prospective buyers aren't buying as often.

March 1, 2024 7:36pm EST
Gas prices rise as drivers hit the road for spring break: AAA

Gas prices rise as drivers hit the road for spring break: AAA

The national average cost for a gallon of gas increased to $3.31 per gallon.

March 1, 2024 7:28pm EST
Many drivers spending over 30 percent of their monthly income on auto loans, car insurance costs also rising

Many drivers spending over 30 percent of their monthly income on auto loans, car insurance costs also rising

With rising insurance costs and auto loan costs, drivers are struggling to keep up with payments.

February 28, 2024 7:28pm EST
46 percent of retirees have no plan if savings run out, nearly quarter of Gen Z doesn’t expect to retire

46 percent of retirees have no plan if savings run out, nearly quarter of Gen Z doesn’t expect to retire

Almost half of retirees worry their money won't outlive them, and some generations worry about ever having enough to retire.

February 27, 2024 7:06pm EST
Students may qualify for a financial aid refund from their college under new Education Department proposal

Students may qualify for a financial aid refund from their college under new Education Department proposal

With FAFSA errors and rising education costs, the return of unused financial aid may be a welcome relief to students.

February 26, 2024 7:26pm EST
Homebuyers considering purchasing tiny homes and fixer-uppers to combat high home prices

Homebuyers considering purchasing tiny homes and fixer-uppers to combat high home prices

Mortgage rates soared and housing remained unaffordable in 2023, causing prospective buyers to turn to tiny homes and fixer-uppers.

February 26, 2024 1:33pm EST
Mortgage rates creep toward 7 percent, straining homebuyer affordability: Freddie Mac

Mortgage rates creep toward 7 percent, straining homebuyer affordability: Freddie Mac

The average 30-year fixed-rate mortgage was 6.9% for the week ending Feb. 22, according to Freddie Mac's latest Primary Mortgage Market Survey.

February 23, 2024 7:27pm EST
Biden cancels $1.2 billion in student loans for borrowers enrolled in SAVE

Biden cancels $1.2 billion in student loans for borrowers enrolled in SAVE

The first batch of student debt cancellations under the SAVE plan is underway as President Joe Biden announced $1.2 billion in student loan forgiveness six months ahead of schedule.

February 22, 2024 7:56pm EST
No relief for seniors as big drop forecasted for Social Security COLA

No relief for seniors as big drop forecasted for Social Security COLA

Early estimates for Social Security benefits and cost of living adjustments are low as inflation slows, but seniors struggle to make ends meet.

February 22, 2024 7:19pm EST
Nearly 40% of Americans say they are behind on monthly bills: survey

Nearly 40% of Americans say they are behind on monthly bills: survey

The survey by LendingTree suggests that many people in the U.S. may still be struggling amid ongoing, high inflation.

February 22, 2024 4:52pm EST
1 in 5 homeowners thinking of selling in the near future: Zillow

1 in 5 homeowners thinking of selling in the near future: Zillow

Certain states are seeing an uptick in listing as more homeowners are considering selling.

February 21, 2024 7:59pm EST
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