Why is Social Security running out of money?

If no action is taken, Social Security could run out of funds by 2033. Here's why, and what you can do if you need more funds.

Gen Z consumers are driving the credit industry rebound, TransUnion report finds

The youngest generation of consumers are leading the way in new credit originations, according to TransUnion. Here's how to choose the right credit card company and build better spending habits.

Cryptocurrency conference increases Tampa's clout in financial-tech sector

A two-day event in Tampa will focus on blockchain and financial technology in Florida with the hopes of making the state a leader in the field.

Financial literacy course now required for Ohio high school students

Ohio high school students will be required to pass at least one half-credit course in financial literacy in order to graduate, according to a new law.

Social Security benefits could be slashed earlier than expected

Social securities are set to increase at their highest rate in 40 years in 2022, but could be slashed early by 20% or more if Congress doesn't act.

High home prices could drop in November as mortgage rates increase, economist says

Home price growth could slow in the final months of 2021 as interest rates continue to rise, according to one. Here's what that means for homeowners and homebuyers

70% of Americans go over budget during the holidays, survey finds: How to cut costs

A recent survey found that most Americans admit to overspending during the holidays, but gift-giving doesn't have to be a burden on your wallet. Consider these tips to create a budget and earn rewards on your holiday spending.

This is the college degree that actually pays off, study finds

A new report from the Wall Street Journal found the graduate degree that's most likely to pay off in the form of higher earnings.

Social Security payments increasing significantly in 2022, new bill could send payments higher

The Social Security Administration is seeing some changes, including increased payments to go out in 2022. Now, members of Congress are introducing a bill to save the program and expand its benefits.

Online grocery retailers have hidden price markups, MIT study finds: How to save money on your food budget

Stocking your shelves with fresh groceries shouldn't be a financial burden. But with the rise of online grocery shopping, prices are becoming less predictable, according to a study from MIT.

Considering refinancing? Here's why you should lock in your mortgage rate before Nov. 2

Federal Reserve policies have an indirect impact on mortgage rates. Ahead of the Fed's upcoming meeting in November, consider locking in a low rate for your mortgage purchase or refinance.

Here's what is driving up auto insurance costs, and how to keep yours low

Auto insurance costs are on the rise due to several factors such as an increase in fatal accidents, and rising demand and costs for vehicles.

Advocacy group calls for one-time stimulus check for Social Security recipients

Advocates are calling for a one-time $1,400 stimulus check for older Americans, saying that an upcoming Social Security boost may not be enough — and could also do more harm than good.

Schumer reiterates call for Biden to cancel $50K of student loan debt per borrower 'with the flick of a pen'

Schumer renewed calls for President Biden to cancel up to $50,000 in college debt for federal student loan borrowers. Here's what the Education Department has said about loan repayment.

Teachers union reaches 'landmark settlement' in student loan forgiveness lawsuit against Betsy Devos

The settlement reached in the Weingarten v. Devos lawsuit will hold the Education Department responsible for changes to the PSLF program. It also discharged nearly $400,000 worth of student loans for the 8 plaintiffs involved.