Image source: Getty Images As inflation soared, consumers took on more and more credit card debt to get by. Total credit card debt in the United States hit $930 billion in the third quarter of this year, the highest amount since 2019. That debt is also getting much more expensive as interest rates just hit …
Dave Ramsey’s best advice for ditching your credit card as debt hits record highs Read More »
Insider’s experts choose the best products and services to help you make informed decisions with your money (here’s how). In some cases, we receive a commission from our partners, however, our opinions are our own. Terms apply to offers listed on this page. Many people in debt or with children buy life insurance to protect …
The Biden administration’s student debt cancellation plan is locked in litigation. That means Americans shouldn’t expect relief anytime soon. They should be ready to start repayments again on January 1. Here’s how. Now that millions of Americans are unlikely to get student loan forgiveness by the end of the year, they should prepare (and quickly) …
Student debt relief is not expected anytime soon. What should you do to prepare Read More »
If you’re having trouble paying your credit card bill, you’re not alone. Credit card balances have increased (opens in a new tab) 13% over the past year, the fastest annual growth since 2002. And inflation coupled with higher interest rates can further complicate your efforts to avoid credit card debt. After years of pandemic restrictions, …
Staying out of credit card debt is the next step after getting out of credit card debt. In the world of personal finance, you often hear about the four main steps to financial success: Have an emergency fund Pay off the debt Save for future expenses Investing for long-term expenses and retirement What we don’t …
If you’re a grandparent looking to save the day by helping your grandkids pay for college, take a look at a tax-efficient 529 college savings plan before the end of the year. Rule changes to federal financial aid calculations in 2023 mean new investment opportunities are open for family members to help without hurting financial …
The floodgates are open to grandparents to save on college for grandkids Read More »
By David Lawder NUSA DUA, Indonesia (Reuters) – As the odds of a U.S. Congress split increase, Treasury Secretary Janet Yellen has warned lawmakers’ failure to raise the U.S. debt statutory ceiling poses a “huge threat” for the US credit rating and the functioning of US financial markets. . Yellen told Reuters in an interview …
Exclusive: As Divided Congress Ratings Rise, Yellen Warns of Need to Lift Debt Ceiling Read More »
Investors stunned by last week’s strong rally in stocks may want to listen to Tom Waits’ song, 1978’s “Whistlin’ Past the Graveyard,” to sober up the dangers that still lurk. The surge in stocks catapulted the S&P 500 SPX index, +0.92% TO SPY, +0.97% almost back to the 4,000 mark on Friday, also taking it …
Insider’s experts choose the best products and services to help you make informed decisions with your money (here’s how). In some cases, we receive a commission from our partners, however, our opinions are our own. Terms apply to offers listed on this page. Micah H., a 33-year-old nonprofit worker, has paid off six-figure student loans …
The results won’t be clear until Tuesday evening or possibly for days, but the outcome of the US midterm elections is poised to be an important event for financial markets. With Republicans favored to take control of both houses of Congress, according to ABC News’ online election prediction site FiveThirtyEight, one of the biggest ramifications …
Debt ceiling showdown could rock markets after midterm election results, analysts say Read More »
