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How Do Federal Reserve Interest Rate Hikes Affect Inflation—And Your Wallet?
The Fed raised its benchmark interest rate by half a percentage point, its most aggressive move in more than two decades. Here’s why and how that may impact your wallet
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Living Unbanked in Boston
There are 20,000 people in Boston living without bank accounts, and that reality puts many households at an economic disadvantage.
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Not Everyone Has a Bank Account: The Cost of Being Unbanked
Experts say it’s safer to hold your money in a financial institution, but in 2019, approximately 6% of adults living in the U.S. were unbanked — meaning they did not have a checking, savings or money market account. In Boston, around 10% of households are currently unbanked
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How Do Federal Reserve Interest Rate Hikes Affect Inflation—And Your Wallet?
The Fed raised its benchmark interest rate by half a percentage point, its most aggressive move in more than two decades. Here’s why and how that may impact your wallet
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Bank of America Slashes Fees for Account Overdrafts
Bank of America is slashing the amount it charges customers when they spend more than they have in their accounts and plans to eliminate entirely its fees for bounced checks
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The Pros and Cons of Online-Only Banks
Online-only banks are popular alternatives that offer things like no overdraft fees and early pay options, but if a problem arises with your account, you can’t walk into a branch, and finding someone to help can be difficult.