personal finance

The Federal Reserve has increased interest rates by 0.75%, increasing the cost of debt for credit cards, auto financing and other loans.

Mortgage rates have jumped, home sales have slumped and credit cards and auto loans have gotten pricier. Savings rates are slightly juicier, though. Many economists say they fear that a recession is inevitable in the coming months. With it could come job losses that could cause hardship for households already hit worst by inflation. Wednesday, the Federal Reserve acted again...

President Biden’s student loan forgiveness plan has income caps that limit eligibility. Some married couples may have a tough time determining if they qualify.

Food costs climbed again in August, bringing the year-over-year gain to 11.4%, according to the latest consumer price index figures.

There’s good news for the millions of people with federal student loans who’ve made payments during the pandemic: Many will be eligible to get that money back.

With the pandemic came a surge in ‘thrifting’ and secondhand shopping. Now the resale market is growing even faster than traditional retail.

Buy now, pay later apps have appeal for cash-strapped college students, but they can be a slippery slope to debt if they’re not used responsibly.

President Joe Biden announced in a tweet Wednesday that his administration and the Department of Education would be providing up to $20,000 in student loan forgiveness, as well as extending the payment moratorium through the end of the year.

Borrowers who will benefit from student loan forgiveness won’t need to worry about getting hit with a federal tax bill. But they may see other tax consequences.

Who is eligible and what will be forgiven? Here’s what we know right now.

Biden has pledged to cancel at least $10,000 of student debt per borrower since his 2020 campaign for president.

President Joe Biden has promised to make a decision on student loan forgiveness by the end of August, when monthly loan payments are set to resume.

While overall inflation remains high, the prices of some common items are beginning to tick down.

Wine brand Unshackled is offering $75,000 in cash in its “The Great Unshackling” contest, which will go toward financing a passion project for the winner.

With loan forgiveness in limbo, more employers are stepping up to address student debt. These companies will provide repayment assistance and they’re hiring.

Nearly 40% of young adults say they spend more money on experiences than necessities because they want to share it on social media, a recent report found.

If depreciation assumptions had held true, used cars would cost thousands of dollars less, depending on factors including its age.

Jim Battan started renting out his backyard pool in September 2020 after his four daughters moved away. The side hustle took off, netting him $177,000 and counting.

Moving north of the border might not bring down your cost of living, according to a new ranking of expensive cities in the U.S. and Canada from insurance provider PolicyAdvisor.

Recessions are part of the normal economic cycle. Whether one is in the near future or further out, here’s what you can do to get ready.