Personal debt

Fears over access to credit hit highest level in more than a decade, New York Fed survey shows

American consumers are worried about access to credit amid persistently higher interest rates and tighter standards at banks, according to…

How much do weddings cost? This one in Las Vegas is just $15

They say love doesn’t cost a thing. But that certainly isn’t true of weddings. In 2022, couples in the United…

Don’t count out more rate hikes due to strong jobs market, former Fed governor Kroszner suggests

Don’t count out additional interest rate hikes, according to former Federal Reserve governor Randall Kroszner. Kroszner, who’s now a University…

Credit card balances jumped in the second quarter and are above $1 trillion for the first time

Americans increasingly turned to their credit cards to make ends meet heading into the summer, sending aggregate balances over $1…

15 years of low interest rates reshaped the U.S. economy. Here’s what’s changing as rates stay higher for longer

The United States is entering a new economic era as the Federal Reserve has been hiking its benchmark interest rate.…

Is Biden’s $39 billion student loan forgiveness action legal? ‘Be assured it’s going to stay,’ says expert

The Biden administration Friday said it would forgive $39 billion of student debt for 804,000 borrowers, many of whom may…

FTC warns about student loan scams following Supreme Court decision

Scammers are likely to target student loan borrowers after the Supreme Court struck down the Biden administration’s debt forgiveness plan…

How many credit cards should you have? The answer isn’t zero, say experts

Who’d think a little plastic rectangle could be associated with so much mystery and angst? When it comes to credit…

‘We’re all crazy when it comes to money,’ advisor says. How to manage your psyche for better finances

Human psychology and money don’t mix well. Left unchecked, our psyches can easily sabotage financial decision-making, behavioral experts said during…

Using cash like a millionaire may not make sense for most investors. Here’s why

Millionaires moved money out of stocks into cash and cash-like investments in the past year and may add to those…