US national debt hits $33T for first time in history
The U.S. national debt exceeded $33 trillion on Monday for the first time ever, setting off alarm bells over unprecedented levels of government spending.
Katy Perry sells music catalog for $225 million
On Monday, the company announced that the deal would include Perry's five studio albums that she recorded for Capitol Records between 2008 and 2020. The sale is worth $225 million, according to multiple reports.
Data reveals states with the highest credit card debt
Credit card debt topped $1 trillion nationwide.
Gas prices will inch higher next week before offering drivers relief, experts say
The 'biggest issue facing the consumer and the economy is the relentless rise in diesel prices,' an industry analyst warned
Zelle scams on the rise
The latest landscape for con artists appears to be the cash transfer platform Zelle.
Millionaire CEO who said there needs to be higher unemployment to punish 'arrogant' employees, apologizes
Tim Gurner, a multi-millionaire CEO of Gurner Group, a real estate company founded in 2013, said at a conference that COVID-19 created a work culture in which employees' attitudes and work ethic deteriorated.
Medicare Part D drug prices increase more than 200 percent on average: AARP
The average price of 25 prescription brand name drugs with the highest Medicare D spending increased by 226%, AARP reported. But provisions in the Inflation Reduction Act aim to lower the costs of Medicare coverage for retirees.
Here's how to lower your monthly student loan payments
There are many ways to lower student loan payments or get forgiveness. These include the Saving on A Valuable Education (SAVE) plan, income-driven repayment (IDR) plans, public service loan forgiveness (PSLF) and more.
Powerball hits third-largest jackpot of the year
The Powerball jackpot reached a level ahead of Monday night’s drawing making it one of the biggest that the game has seen so far in 2023.
Gen Zers credit card balances grow the fastest: TransUnion
Overall card balance surged to a record high of $963 billion in the second quarter — Gen Zers debt represented the most significant share of this growth, according to TransUnion.
IRS plans to crack down on 1,600 millionaires to collect millions of dollars in past due taxes
IRS Commissioner Daniel Werfel said the agency has new means of targeting wealthy people who have “cut corners” on their taxes.
Over 4 million student borrowers enroll in Biden’s SAVE forgiveness plan
The Department of Education said it had received nearly 4 million applications for a new income-driven repayment program since launching at the end of July.
Here is how you can avoid a tax refund shock next year
Next year’s tax refund shouldn’t be a shock to Americans if they take stock of their income taxes mid-year, according to Jackson Hewitt.
Back-to-school shopping expenses to reach record high: survey
Back-to-school spending in 2023 could reach a record high of more than $40 billion, largely due to demand in electronics, a survey reported. At the same time, Americans continue dealing with high inflation.
Summer of strikes: Workers across several industries walk off the job
United Auto Workers is threatening to shut down production at Detroit's big three automakers. Unions from Southwest and American Airlines have already voted in favor of a strike.
Student loan repayments will be starting again soon: Here's how to get it done
Student loan repayments begin again soon. Here are tips on how to get it done using organizational skills, spending strategies and payback implementation, according to money pros.
Student loan interest rates resume, after 3 years on pause
Student loan payments were put on pause for nearly three years. Borrowers have until October first before the first payments are due again.
Jimmy Buffett was the 'life of the party,' but he was also an astute businessman
Behind Jimmy Buffett's laid-back exterior was an admitted workaholic. In 2016, he had a net worth of $550 million.
More than half of Americans live paycheck to paycheck, survey says
Gen Z consumers who were living paycheck to paycheck cited nonessential spending as a reason behind their financial hardships.
Student loan interest is accruing again: What to know before payments start in October
Although the Biden administration's student loan forgiveness plan was struck down, there are new options that aim to save borrowers money.