At a time of sticky inflation and a softening job market, extra money in the bank can serve as a lifeline for many consumers. Yet 8 in 10 Americans did not increase their emergency savings this year, a new Bankrate survey found, leaving them in no better financial position to…
While the top ten largest credit unions still hold significantly less in assets than even the top five largest banks, they have been growing considerably in recent years. Just within the last five years, total assets in federally insured credit unions have risen by approximately 45 percent over the past…
Key Takeaways: Transition Challenges: Veterans face unique financial challenges when transitioning from military to civilian life, including employment hurdles, healthcare costs, and housing instability. Employment and Economic Stability: Despite strong leadership skills, veterans often encounter unemployment or underemployment due to skill mismatches. Support from programs like VETS and the GI…
Key takeaways Most unemployment payment delays happen due to missing information, fraud checks, or system backlogs. You can often fix the issue by verifying your ID, submitting missing documentation, or updating your payment profile. While you wait, contact lenders to negotiate temporary relief and use savings accounts or short-term loans…
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The nation’s 75 million Social Security recipients will receive a 2.8% cost of living adjustment (COLA) increase in their benefits…
Historically Black colleges and universities are on the frontlines of the One Big Beautiful Bill Act’s new limits on parent…
The big new fees JPMorgan Chase is planning to charge some financial technology companies may well trickle down to consumers,…
With artificial intelligence beginning to eat away at many white-collar entry-level jobs, and the unemployment rate for recent college graduates…
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Reaching age 65 doesn’t automatically change how the IRS taxes your 401(k) withdrawals. Instead, it taxes distributions from a traditional 401(k) as ordinary income, just like wages or Social Security benefits. Your tax rate depends on your total taxable income and filing status in the…
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The Downsides of Credit Card Churning and Why It Is Risky You may be asking yourself, “Those benefits sound great, why is credit…
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The fundamental flaws in the way the Federal Reserve operates these days were on full display Wednesday when Jerome Powell talked to the…
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Key takeaways The unbanked have no relationship with traditional financial institutions, while the underbanked use banks but rely heavily on alternative financial services. 4.2% of U.S. households are unbanked and 14.2% are underbanked, according to the FDIC’s 2023 survey. High fees, minimum balance requirements and lack of trust are the…
Michael M. Santiago / Staff/Getty Images Key takeaways The Federal Reserve is widely expected to cut its benchmark rate in coming months, and APYs on competitive savings accounts could fall, in turn. For the time being, savers are enjoying APYs that are higher than they’ve been in more than a…
SDI Productions/Getty Images Key takeaways Opening a CD account means locking your money for a fixed term (3 months to 5 years) in exchange for guaranteed interest rates. CDs work best for specific savings goals with known timelines, like saving for a house down payment in two years. Online banks…
Three years ago, when inflation was rising at the fastest pace in almost half a century, Lori Schkufza could still see the silver-linings. She had a full-time job with benefits as a digital animator. Even though her expenses had grown, her income had increased, too. Now, however, the 38-year-old Buffalo,…
Key takeaways A title company verifies legal ownership and uncovers issues like liens, unpaid taxes or title defects. Title companies also manage escrow, provide title insurance and oversee the closing process. Title company fees and insurance costs vary by state. Buying or selling a home isn’t as simple as exchanging…
Key takeaways The Citi® Diamond Preferred® Card comes with an exceptionally long intro APR offer on balance transfers, making it one of the best balance transfer cards on the market. This card also includes an intro APR offer on purchases, which can be useful if you have a large purchase…
Key takeaways A real estate broker is a licensed real estate agent who has also completed additional training to earn a broker’s license. Brokers can help buyers and sellers navigate some of the more complex details of real estate, such as zoning and title issues. Real estate brokers can work…
Car insurance rates continue to climb, and drivers are feeling the dent in their wallets year after year. The national average cost of full coverage car insurance climbed 12 percent from 2024 to 2025, leaving many drivers wondering why coverage has gotten so expensive. Most states require drivers to carry…
Key takeaways Trip cancellation and interruption insurance reimburses travelers for prepaid expenses when their trip is canceled or interrupted due to circumstances beyond their control. This coverage only applies in specific situations such as illness, injury, natural disasters or financial defaults by travel providers. Many top travel credit cards include…
Key takeaways Insurance brokers work independently and represent clients, helping them find the best insurance policies to meet their unique needs and budgets. They can explore a broad range of policies from different insurers to find the best fit for their clients’ needs. Brokers typically earn money through commissions and…
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