Car repossessions are expected to hit 3 million this year, their highest rate since the 2009 recession. Is it a sign the economy is in trouble?
More Americans are struggling to keep up with their car payments. Auto loan delinquencies have risen above pre-pandemic levels after hitting record lows during COVID — and more borrowers are now facing defaults and repossessions. A recent report from the Recovery Database Network (RDN), says more than 2.5 million cars were repossessed last year, and […]
I’m 61 and scared that I’ll run out of money in retirement. What can I do to make my $750K nest egg last?
One of the biggest questions about retirement is figuring out how much you’ll need to live on. There is no one-size-fits-all number, since debts, health, hobbies, aspirations and spending habits are different for everyone. Then there’s age, a big factor that’s overlooked, mainly because we have little control over it. Some people don’t make it […]
My husband and I downsized to a condo last year, but between our hobbies and grandkids, we already feel cramped. Is it crazy to go bigger at 70?
Three out of four Americans aged 50-plus want to age in place, according to AARP’s national 2024 Home and Community Preferences Survey (1). That usually means downsizing. But for some, upsizing is a better decision. Imagine Christine and her husband Steve, both 69, who downsized a year ago, buying a two-bedroom unit in a full-service […]
Trump’s tariffs bring in record customs revenue, could reduce deficit by $4T. But will American households pay the price or get a piece of the pie?
This article adheres to strict editorial standards. Some or all links may be monetized. Although they have roiled markets, there’s no question that President Donald Trump’s trade policy actions have boosted the federal government’s customs revenue. The good news is that this additional money coming in should help reduce the national deficit. In January, before […]
Retired Americans are escaping to this warm, affordable paradise that’s ranked the #1 place to retire abroad. Should you join them?
Retirement opens the door to a brand-new chapter — and for some, that means it’s the perfect time to switch up the scenery too. A Harris Poll found that 26% of boomers and 35% of Gen Xers were considering moving abroad within the next two years. (1) Must Read Real Estate: Thanks to Jeff Bezos, […]
Dad opened a credit card in my name, left me with $5K in debt and got mad when I asked my uncle for help. What should I do about this familial fraud?
Identity theft is a serious crime that often results in substantial financial loss for victims, but when the perpetrator is a family member, the deep emotional and psychological distress can exacerbate the devastation. Let’s say, for example, that your father secretly opened a credit card in your name and racked up more than $5,000 in […]
‘Trim down to get approved’: Trump offers advice to ‘bigger’ applicants seeking a visa. Here’s who else he blames for straining the health care system
After comments about new health requirements for U.S. visas, President Donald Trump’s immigration policies are coming under fire again. A recent cable examined by KFF Health News and sent by the State Department to embassy and consular officials contained guidance on denying visa applications for several new reasons. One of these reasons included the likelihood […]
Secret shopper in Seattle exposes why store prices are often wrong, don’t match what you pay at checkout. Honest mistake or ‘deceptive’ practice?
Price check? You bet, thanks to an issue with some U.S. retailers overcharging customers for products tagged as being on sale. One secret shopper, however, brought receipts — literally. Must Read Real Estate: Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don’t have to […]
A Missouri hairstylist blames Trump for putting her $40K in debt as clients curb spending on luxuries like hair care. Is his economic policy at fault?
The latest polls are in agreement: 57% of respondents to a recent YouGov/Economist survey disapproved of the president’s handling of major issues, including jobs and the economy (1), and 57% of respondents to a Quinnipiac University poll say the same (2). This is an opinion certainly shared by Lynn from Missouri, a 31-year-old hairstylist who, […]
My company wasn’t contributing to my 401(k) after registering my birth date incorrectly — costing me years of savings. Can I get what I’m owed now?
For nearly a decade, Lena assumed a piece of every paycheck went into her 401(k). However, when she checked her company’s retirement portal, she noticed something was seriously off. There wasn’t nearly as much money in her 401(k) to account for her time at the company and the market’s growth. As she double-checked statements and […]