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.
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…
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.…
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…
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…
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…
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…
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…
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…
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…
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…