A customer walks by a display of fresh eggs at a grocery store on Sept. 25, 2024 in San Anselmo, California. Justin Sullivan | Getty Images Progress in the fight to tame pandemic-era inflation appears to have stalled out in October, despite lower prices at the gasoline pump and a moderation in other consumer staples
Personal finance
97 | E+ | Getty Images As inflation has throttled back from pandemic-era highs, consumers have seen prices decline outright for many household items. This dynamic, known as deflation, generally doesn’t occur on a broad, sustained scale in the U.S. economy: With limited exceptions, businesses are generally loath to lower prices once they’ve increased, economists
Thomas Jefferson, 1848/1879. Artist George Peter Alexander Healy. Heritage Images | Hulton Fine Art Collection | Getty Images In “All The Presidents’ Money,” author Megan Gorman takes readers into a side of U.S. presidents that is often overlooked: how they managed their own money. Gorman writes about commanders in chief who were obsessively frugal, and
Collectively, Americans now owe a record $1.17 trillion on their credit cards, according to a new report on household debt from the Federal Reserve Bank of New York. Credit card balances rose by $24 billion in the third quarter of 2024 and are 8.1% higher than a year ago. Despite that increase, credit card delinquency
A student student sits in a lecture hall while class is being dismissed at the University of Texas at Austin on February 22, 2024 in Austin, Texas. Brandon Bell | Getty Images Nearly a third, 30%, of federal student loan borrowers say they’ve gone without food or medicine because of their monthly bills. That grim
Maskot | Getty Images A bipartisan bill to change Social Security benefit rules for pensioners passed in the House of Representatives on Tuesday, with 327 lawmakers voting to support the measure. Now, the proposal heads to the Senate, where the chamber’s version of the bill has 62 co-sponsors, “surpassing the majority needed to pass the
The Free Application for Federal Student Aid for 2025-26 will be available for all students and contributors on or before Dec. 1, the Education Department says. Typically, students have access to the coming academic year’s form in October, but this year’s delayed release follows a “phased rollout” meant to address reported issues from the 2024-25
Jamie Grill | Tetra Images | Getty Images For investors who want income, dividends may provide an answer. Dividends are corporate profits that companies pay to shareholders in the form of either cash or stock. In comparison to other income-paying investments — such as certificates of deposit, bonds or Treasurys — dividends may provide the
10’000 Hours | Digitalvision | Getty Images A popular student loan forgiveness program may be at risk with the reelection of former President Donald Trump. During Trump’s first term, he called for the elimination of the Public Service Loan Forgiveness initiative. Since then, Project 2025, a set of proposals developed by The Heritage Foundation and
Americans tend to overspend during the holiday season. In fact, some borrowers are still paying off debt from last year’s purchases. To that point, 28% of shoppers who used credit cards have not paid off the presents they bought for their loved ones last year, according to a holiday spending report by NerdWallet. The site polled more
A version of this article first appeared in CNBC’s Money 101 newsletter with Sharon Epperson, an eight-week series to improve your financial wellness with monthly updates. Sign up to receive these editions, straight to your inbox. Stocks soared in the days after President-elect Donald Trump won the 2024 election, and the Federal Reserve announced
Mixetto | E+ | Getty Images The share of Americans with credit-card debt in retirement has jumped considerably — a worrisome financial trend, especially for those with little wiggle room in their budgets, experts said. About 68% of retirees had outstanding credit-card debt in 2024, up “substantially” from 40% in 2022 and 43% in 2020,