Americans have been feeling a financial squeeze for several years due to record-high inflation, but new data reveals how much consumers have to spend just to keep up with a basic standard of living.
Shoppers gearing up for the 2023 holiday season won’t have to look hard for a convenient way to pay for all those presents. “Buy now, pay later,” a type of payment plan that divides the total cost of your purchase into smaller installments, is offered at most major retailers, including Walmart, Target, and Amazon. But experts say it’s risky. Ask yourself these five questions before opting in.
WASHINGTON (AP) - The threat of a federal government shutdown suddenly lifted late Saturday as President Joe Biden signed a temporary funding bill to keep agencies open with little time to spare after Congress rushed to approve the bipartisan deal.
While President Biden is celebrating his economic policies, some experts say "Bidenomics" is doing more harm than good.
Americans have hit a new high in credit card debt. The surge means their overall balance shot above $1 trillion for the first time.
The Federal Reserve Wednesday escalated the inflation fight once more in its most aggressive series of rate hikes in 40 years. The Fed imposed another quarter-point rate hike on Wednesday in an effort to slash consumer demand and get companies to hire fewer people.
Americans' view of money as central to their life is at an all-time high, according to a recent Wall Street Journal survey.
More and more central banks around the world are in the early stages of creating digital currencies. Federal Reserve Chairman Jerome Powell told the House Financial Services Committee in March that the Fed had already begun testing a digital dollar.
The U.S. dollar has been the world's reserve currency since the Bretton Woods agreement in 1944, yet some economists believe the dollar's reign could be in jeopardy. If the dollar falls from its "throne," you will feel it in your pocketbook. There's been plenty talk lately that the U.S. dollar could lose its reserve currency status.
With new and used cars still painfully expensive, Ryan Holdsworth says he plans to keep his 9-year-old Chevy Cruze for at least four more years. Limiting his car payments and his overall debt is a bigger priority for him than having a new vehicle.