US retail sales fall amid high inflation, rising rates
The decline in sales adds to other recent evidence that the economy is cooling as consumers grapple with higher interest rates and the impact of a year-long bout of elevated inflation.
Senior Fed official sees need for more interest rate increases
Last month, inflation slowed as food and gas prices fell, but excluding those volatile categories, “core” prices kept rising and are 5.6% higher than a year ago.
Atlanta ranks poorly in study on value of $100K salary in America's largest cities
SmartAsset has released a study that takes a look at what $100,000 is actually worth in 76 of the largest U.S. cities.
Today's 30-year mortgage rates fall below 6 percent | April 13, 2023
Check out the mortgage rates for April 13, 2023, which are mixed from yesterday.
Biden declares COVID-19 emergency over, but homeowners still have time to file for forbearance, FHA says
COVID-19 forbearance expired at the same time as the COVID-19 national emergency was officially declared over. It has now been extended until May 31, 2023, the FHA said.
Today's mortgage rates hold steady, giving borrowers time to decide | April 12, 2023
Check out the mortgage rates for April 12, 2023, which are unchanged from yesterday.
Atlanta is city with 5th highest rise in inflation, according to study
WalletHub compared 22 major MSAs (Metropolitan Statistical Areas) across two key metrics involving the Consumer Price Index, which measures inflation.
Many Americans plan to use their tax refunds to build savings in 2023, survey says
Americans challenged by inflation and rising costs plan to save less than $5,000 in 2023 and many are relying on tax refunds to make ends meet, a recent TaxAct survey said.
Cheaper gas and food provide some relief from inflation in US
Much of the drop resulted from price declines for such goods as gas, used cars and furniture, which had soared a year ago after Russia’s invasion of Ukraine.
More Americans taking 'side hustles' to make ends meet
In today's expensive world, many Americans are turning to side hustles to make ends meet. From pet-sitting to food delivery, people are taking on extra work to pay for unexpected expenses and to gain disposable income.
Medicare beneficiaries would need more than $300,000 for healthcare costs in retirement: EBRI
Medicare beneficiaries in retirement would need to have saved anywhere from $96,000 to $383,000 to cover most of their healthcare needs, according to EBRI. The organization found that in general, Medicare Advantage enrollees have lower savings targets. But these private industry plans have their pros and cons.
Today's best mortgage deal? 15-year rates are today's lowest | April 11, 2023
Check out the mortgage rates for April 11, 2023, which are mixed from yesterday.
Seniors worry Social Security increase not enough to cover rising costs: Survey
More than half of survey respondents said the latest increase to Social Security benefits doesn't adequately cover rising costs. As inflation rises, the increase in spending exceeded the latest 8.7% COLA adjustment.
Today's mortgage rates are all under 6 percent | April 10, 2023
Check out the mortgage rates for April 10, 2023, which are mixed from last Thursday.
You missed the tax deadline. Now what?
The tax deadline is a little over a week away, but if you miss it, don’t worry, the IRS has options to avoid paying fees and penalties.
Mega Millions numbers selected for Friday’s $414M jackpot
The Mega Millions jackpot continues to grow after no ticket matched all six numbers drawn Friday night.
Gas prices increase as OPEC cuts oil production
After OPEC announced it intends to decrease production starting in May, gas prices increased, according to AAA’s latest gas prices report.
Mortgage rates continue to decline: Freddie Mac
The average rate for a 30-year fixed-rate mortgage dropped to 6.28% for the week ending April 4, according to Freddie Mac's Primary Mortgage Market Survey.
US adds 236,000 jobs in March despite Fed's rate hikes
The latest signs increasingly suggest that an economic slowdown may be upon us.
IRS promises more audits of wealthy taxpayers, better customer service
IRS officials pledge not to raise audit rates on small businesses and households making under $400,000 annually. A new report from the agency says most of the money for the program is to pursue high-wealth individuals and companies.