Inflation and recession risk mean buy now, pay later isn't going anywhere: report
Consumers are continuing to use buy now, pay later to make purchases, even as recession risk grows, according to a new report.
US service members eligible for PSLF are short on time to apply under new rules, CFPB warns
Service members could potentially have thousands of dollars in federal student debt forgiven if they apply to have these loans credited under the Public Service Loan Forgiveness (PSLF) program before the October deadline.
Job growth surged in July, recovering all employment lost during pandemic
The employment report from July showed job gains were significantly higher than economists expected.
Tips for making the most out of Illinois' sales tax holiday
Consumer savings expert Andrea Woroch talks about the state's 10-day sales tax holiday for clothing and school supplies and how you can make the most out of it.
Gas prices drop amid wavering consumer demand, AAA says
Gas prices fell last week as consumer demand dropped from last year, and this downward trend could continue in the coming weeks, according to AAA.
Older Americans more concerned with inflation, cut back on spending: report
Older Americans are concerned with inflation and cutting back on spending, a new report claims. Here are a few ways you could save.
Chicagoans hit disproportionately hard by rising inflation
Residents of Chicago and Illinois have felt the pinch of rising inflation more than surrounding areas, according to data from the Illinois Policy Institute.
This is how much home prices grew in the second quarter
Home prices surged in the second quarter, nearing a record high, according to Fannie Mae. Here's how homeowners can tap into their home's value.
Democratic lawmakers urge Biden to extend student loan payment pause
Lawmakers have urged the Biden administration to extend the current student loan payment pause past the end of August.
Personal loans increasingly used by financially vulnerable consumers, J.D. Power report says – here’s why
A report from J.D. Power said financially vulnerable consumers are increasingly leaning on personal loans to help them pay down debt.
These are the top retirement income concerns for many older Americans, according to a survey
In a recent survey, many older Americans said inflation is changing their retirement plans.
How will the Inflation Reduction Act impact Americans?
U.S. Rep. Brad Schneider details how he thinks the Inflation Reduction Act will lower the cost of living for Americans and stabilize prices of necessities across the nation.
Illinois residents encouraged to take advantage of the state's 10-day sales tax holiday
Financial expert and author Rachel Cruze talks about Illinois' 10-day window where you can purchase clothes and school supplies with a tax rate 5% lower than normal.
Mortgage rates drop, could rise again amid Fed’s rate hike
Mortgage rates dropped this week, but the decrease could be temporary after the Fed's recent rate hike.
Fed raises interest rates again — here’s how it affects your wallet
The Federal Reserve raised interest rates again at its July meeting, marking its second 75-basis point hike this year. Here's how that affects your wallet.
What can homebuyers expect from today's turbulent mortgage rates?
Erika Giovanetti, loans expert at U.S. News & World Report, talks about mortgage rate volatility and how the housing market is responding to the latest housing market trends.
Fannie Mae revises GDP forecast for 2022, 2023 amid high inflation
Rising inflation could push the economy into a recession sooner than economists had previously projected, according to the latest forecast from Fannie Mae.
Biden confirms he’ll make student loans decision by end of August
In an exchange with reporters, President Joe Biden confirmed he will soon make a decision on student loans. Here are the choices he is weighing.
Many borrowers took out student loans anticipating debt forgiveness, survey says
Many student loan borrowers took out loans in recent years with the belief that the Biden administration would cancel student loan debt, a recent survey said.
Tips for thriving in today's volatile economy
Tom Wheelwright, author and CEO of Wealthability, expounds on financial lessons from his new book "The Win-Win Wealth Strategy."