Stay updated on financial news, market trends, and economic changes that affect your money. From interest rate hikes to government policy shifts, we break down what’s happening now—and what it means for your finances.
In this week’s State of the Union address, President Barack Obama recommended the minimum wage be incrementally increased to $9.00 per hour and be tied to the inflation rate after that. Having the Federal minimum… Should the Federal Minimum Wage Increase to $9?
The U.S. Postal Service announced on Wednesday its plans to drop Saturday letter delivery to street addresses beginning in August. The move is expected to save the financially ailing agency an estimated $2 billion per… USPS: Saturday Mail Delivery to End in August
Americans who were able to get a mortgage and bought a home last year took advantage of the low prices and great mortgage rates in the most affordable housing year on record. Housing affordability set… NAR: 2012 Most Affordable Year in Housing
Almost two-thirds of Americans admit that their financial troubles are of their own doing, according to a December poll by the National Foundation for Credit Counseling. Of poll respondents, 63% said their financial woes self-inflicted… Almost Two-Thirds of Americans Admit Responsibility for Financial Troubles
Ten U.S. banks have agreed to pay $8.5 billion to settle charges that they wrongfully foreclosed on millions of homeowners in the aftermath of the housing bust, the Federal Reserve reported on Monday. Banks involved… Ten Banks Agree to $8.5 Billion Settlement
The number of adults living in shared housing and the number receiving food stamps increased since before the beginning of the recession through 2011, but the there was little change in the number receiving public… Shared Housing and Food Stamps Rose in 2011
Hurricane Sandy slammed the Northeast on Tuesday and left devastation in its wake. Dozens of human lives were lost, millions more have been affected by flooding and power loss, and property has suffered billions of… Avoid Falling Victim to Post-Disaster Scams
The government’s unemployment figures reported for September reflect that the nation’s jobless rate fell a whopping 0.3 percent and brought the unemployment rate to its lowest level since January 2009. The unemployment rate fell from… Unemployment Rate Drops 0.3 Percent in September and Raises Suspicions
Refunds will be sent this week to consumers who were swindled by a telemarketing scam that promised “free” goods and services such as gift cards, gas cards, and resort vacations, the Federal Trade Commission reported… FTC Refunds Nearly $1 Million to Victims of Telemarketing Scheme
Earlier this month, the U.S. Census Bureau reported that last year the nation’s median income slipped 1.5 percent to $50,502, the percent without health insurance coverage fell by 0.6 percentage points to 15.7 percent, and… Census Bureau: Mississippi Poorest State in the Nation