Credit card balances fell in the first quarter of 2026, decreasing by $25 billion, to $1.25 trillion, according to a new report on household debt by the Federal Reserve Bank of New York released Tuesday. Still, that’s a 5.9% jump from a year earlier. At the same time, mortgage debt, auto loans and home equity lines of credit…
Vladimir Vladimirov | E+ | Getty Images Millions of student loan borrowers have recently defaulted on their loans, according to new data from the Federal Reserve Bank of New York. Roughly 1 million borrowers fell into default during the fourth quarter of 2025, and another 2.6 million borrowers did so in the first quarter of…
The Iran war has pushed up gasoline, groceries and other prices for consumers. Source link
Focus Pixel Art | Moment | Getty Images For most filers, the tax deadline has come and gone. But thanks to a federal court decision, millions of Americans could still be eligible for tax refunds for pandemic-era penalties and interest. The issue stems from recent rulings, including Kwong v. United States, which found that the…
When to claim Social Security retirement benefits is one of the biggest financial decisions a retiree will make. Some social media influencers recently claimed to have cracked the code on that decision — but experts say the calculation they are using is missing crucial context. Start receiving Social Security retirement benefits at the earliest possible…
Adamkaz | E+ | Getty Images Building up a large balance in a health savings account can be a smart financial move to cover medical expenses in old age. But dying with a hefty HSA can pose tax problems for heirs — specifically, non-spouse heirs like children, grandchildren, friends and others, according to financial planners….
Timeka Gomillion is working two jobs — as an usher at an event space, and a receptionist at the student center — while finishing her computer engineering studies at the University of the District of Columbia. The 35-year-old said she’s juggling multiple jobs out of financial necessity — and with rising living expenses, she expects…
Hiraman | E+ | Getty Images When it comes to non-retirement savings, most women — 71% — express some confidence in being able to set aside cash, a new Vanguard survey shows. However, many of them also may want to evaluate where they’re keeping that money, experts say. About half — 51% — of women hold…
Traders work on the floor of the New York Stock Exchange (NYSE) on May 6, 2026 in New York City. Spencer Platt | Getty Images The Iran war has triggered big swings in the stock market since the conflict started more than two months ago. While sharp selloffs in stocks can be unsettling, they offer…
President Donald Trump delivers remarks on “Trump accounts” at the Andrew W. Mellon Auditorium in Washington, Jan. 28, 2026. Brendan Smialowski | AFP | Getty Images With less than two months until the official launch of “Trump accounts,” there are reports that business leaders and philanthropists may, at some point, be able to donate stock…