Personal Finance

Tetra Images | Tetra Images | Getty Images The recent banking crisis has fueled concern of a “credit crunch” and the resulting negative impact on households, businesses and the U.S. economy. But what is a credit crunch and how might you prepare? Loans would be tougher to get related investing news Demand for Fed help

Amid turmoil in the financial sector and uncertainty ahead, the Federal Reserve will likely approve a 0.25 percentage point increase at this week’s policy meeting.  That will mark one year since the central bank began the current rate-raising cycle.   Over the last 12 months, inflation spiked to a 40-year high and only recently started

PeopleImages | Getty Images Contemplating your own death may not be on the list of things you’re eager to do. Yet for your family or other loved ones who would find themselves trying to sort out your affairs while also dealing with the emotional fallout from losing you, your having a so-called estate plan is

In this article EOCW RJF Follow your favorite stocksCREATE FREE ACCOUNT sturti With expectations for a recession already in the forecast for 2023, the recent failures of Silicon Valley Bank and Signature Bank have further stoked fears that an economic downturn could be on the horizon. But it remains to be seen when a recession

In this article SBNY EFX Follow your favorite stocksCREATE FREE ACCOUNT Bloomberg | Bloomberg | Getty Images Some consumers who tried to deposit an Equifax settlement check in recent days got a surprise: It bounced. The checks, a result of a legal settlement over the credit-reporting firm’s 2017 data breach, were written against an account

A protest sign outside the Supreme Court in Washington, D.C., on Feb. 28, 2023. The Washington Post | The Washington Post | Getty Images There’s no precedent in recent history for the sweeping federal student loan forgiveness policy President Joe Biden is trying to carry out. A look at the math of the program shows

Brandon Bell | Getty Images Timing is everything, especially when it comes to real estate. But finding the perfect time to sell your home — especially if it’s your first time — may be a challenge as the residential real estate market fluctuates. A recent survey from Zillow finds 84% of first-time home sellers wish

Viorel Kurnosov | Istock | Getty Images With roughly two more months before the U.S. Department of Health and Human Services ends the three-year Covid public health emergency, more than 5 million of the nation’s households remain behind on their rent. All together, tenants continued to owe nearly $11 billion in rental debt during the

Massachusetts Institute of Technology (MIT) campus in Cambridge, Massachusetts (Photo: Bloomberg / Getty Images) With an acceptance rate of just under 4%, Massachusetts Institute of Technology is considered the ultimate dream school, according to a new survey of college-bound students and their families. However, it’s not only one of the hardest schools to get into

miodrag ignjatovic | E+ | Getty Images Some Medicare beneficiaries will begin paying less next month for 27 prescription drugs whose prices have increased at a rate that outpaces inflation, government officials announced Wednesday. Depending on their individual coverage, beneficiaries could save between $2 and $390 per average dose for these drugs starting April 1,

Damircudic | Getty Images One of the ground rules for individual retirement account contributions is you must have “earned income,” such as wages or salary from a job or self-employment earnings. But there’s a special exception, known as a spousal IRA, which allows you to contribute based on your spouse’s earnings if you file taxes

A customer shops at a grocery store in Brooklyn on Feb. 14, 2023. Michael Nagle/Xinhua via Getty Images The annual inflation rate in February continued its gradual cooling trend, though it remained well above policymakers’ target. Inflation is a measure of how quickly prices are rising or falling in the U.S. economy. The consumer price

A customer stands outside of a shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California. Justin Sullivan | Getty Images After two bank failures and dramatic moves from U.S. regulators to protect depositors, financial advisors have a message for consumers: Don’t panic. The U.S. government on Sunday approved plans to

Starting in community college and then transferring to a four-year school is a proven pathway to getting a degree for significantly less money. Yet fewer students are going this route. Transfer enrollment from two-year colleges to four-year schools fell again in the fall of 2022 compared to the previous year, this time sinking nearly 8%.

In this article AUTO-GB LNC MSFT AMZN GOOGL AAPL META Follow your favorite stocksCREATE FREE ACCOUNT Several large companies have announced significant job cuts in recent months: Google, Microsoft, Amazon and other tech companies collectively laid off more than 70,000 employees in the last year and there are no signs of that trend slowing down.

gilaxia If you’re in the market for a new car, be prepared for the possibility of paying more than sticker price. The average new-car price in February was $45,296, compared with the average manufacturer’s suggested retail price, or MSRP, of $41,637, according to new research from iSeeCars.com. An estimated 31% of new vehicles were sold