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.
More than one in four American households do not have a savings account and one in ten don’t have a checking account, the Federal Deposit Insurance Corporation found in a 2011 survey released on Thursday.… 29% of U.S. Households Don’t Have a Savings Account
Americans continued to feel the pinch in a sputtering economy and saw their incomes decline for the second year in a row – but fewer people are going without health insurance, according to a report… U.S. Median Income Falls But Fewer Are Without Health Insurance
The national unemployment rate fell from 8.3 percent to 8.1 percent in August, according to Labor Department statistics released on Friday. The economy added 96,000 jobs last month – mostly in food services and drinking… 12.5 Million Unemployed in August
Consumer confidence rose slightly in July after declining for four straight months – but consumers still remain cautious due to the job market, a private research group reported on Tuesday. The Conference Board reported that… Consumer Confidence Up Slightly in July
In a comment to the Consumer Financial Protection Bureau on Monday, the Federal Trade Commission expressed its support of new protections for users of general purpose reloadable (GPR) cards. GPR cards are a type of… FTC Supports New Protections for General Purpose Reloadable Card Users
Consumers started racking up their credit cards again in May as revolving credit increased by a whopping 11.2 percent – or $8 billion – for the largest one-month gain since 2007, according to data released… Credit Card Spending
The economy gained a mere 82,000 jobs and the number of unemployed remained virtually unchanged at 12.7 million in June, the Labor Department’s Bureau of Labor Statistics reported on Friday. The jobs gain came predominantly… June Unemployment Unchanged at 8.2%
Con artists have no qualms about taking advantage of people during hard times. You may have heard or seen ads that promise the government has free money to help you pay your bills, but the… FTC: Latest Scam "Free Money from the Government
The total number of employers fell in the U.S. in 2010 for the third consecutive year in a row – but at a slower pace than earlier years, according to a government report released on… Census Bureau: 2010 Employers Declined Less Than Year Before
Lower home values are contributing to the student loan crisis as parents can’t get the funding to help their kids through college, according to a report released by the National Association of Home Builders. “The… NAHB: Student Loan Crisis Induced by Housing Crisis