During the week of Sept. 16, 2024, average private student loan rates spiked for borrowers with credit scores of 720 or higher who used the Credible marketplace to take out 5-year variable-rate loans and dropped for 10-year fixed-rate loans. Through Credible, you can compare private student loan rates from multiple lenders. For 10-year fixed private student

The Social Security Administration on Thursday announced that the cost-of-living adjustment (COLA) for 2025 will be 2.5%, the lowest since 2021. Social Security retirement benefits, on average, will increase by roughly $50 per month starting in January, the agency said. “Social Security benefits and SSI payments will increase in 2025, helping tens of millions of

The Consumer Price Index (CPI), the main measure of inflation, increased 0.2% in September, a similar increase consumers saw in August and July, the Bureau of Labor Statistics reported. Over the last 12 months, the index increased 2.4%, the lowest yearly increase since February 2021. A rise in food and shelter costs made up 75%

Social Security and Supplemental Security Income (SSI) benefits for more than 71 million Americans will increase by 2.5% in 2025, resulting in an additional $561 in Social Security income over the course of the year, according to the Social Security Administration (SSA). Beneficiaries will see an extra $50 monthly starting in January, according to a

The tens of millions of Americans that live in federal disaster areas are eligible for some relief from their taxes in the form of filing delays, and victims may be able to take a deduction from losses. The Internal Revenue Service has automatically extended the filing deadline for taxpayers living in areas impacted by Hurricanes

America’s middle class is feeling the squeeze like never before, according to new data. Primerica’s latest Financial Security Monitor report for the third quarter found 55% of middle-income households now rate their personal financial situation negatively, a 6-point jump from the previous survey. “For the first time in a year, a majority of middle-income households

Gen Z is the youngest generation of adults today, but with many struggling to make ends meet, a growing proportion say they do not expect to retire and few are socking away money to do so. A new report from the TIAA Institute and UTA’s NextGen Practice found that a greater share of these adults

Another 60,000 student loan borrowers will receive student loan relief in the coming weeks. The Biden Administration announced $4.5 billion in relief for public service workers such as nurses, teachers and social workers. The relief comes as a fix to the original Public Service Loan Forgiveness (PSLF) program. The program was initially signed into law

Some Americans will receive two Social Security payments in November due to a quirk in the system that results in a second monthly payment on rare occasions. Typically, the Social Security Administration (SSA) sends out one payment each week, delivering Social Security checks on the second, third and fourth Wednesdays of each month. Then it pays Supplemental

A new push to move credit card users to a digital statement will now come with a penalty for those who don’t want to comply. Credit card companies from big name retailers have been silently rolling out a fee of $1.99 if you wish to keep receiving paper statements. One of the biggest offenders is