Browsing: Personal Finance
What the Fed’s first rate hike in years means for your wallet
The Federal Reserve’s first interest rate hike in more than three years is likely to increase borrowing costs for many consumers, particularly those…
Average 401(k) balance hits record $155,800 in second quarter: Fidelity
Americans’ 401(k) balances reached a record high in the second quarter of 2026, new data shows. The average 401(k) balance climbed to a record…
Retirement account balances dip in Q1 2025 as savings rates hit record high
Retirement account balances dipped in the first quarter due to stock market turbulence. Still, people kept socking away money for their retirement…
Personal finance expert tackles ‘widespread’ financial misconceptions
Managing one’s finances can be challenging, especially when faced with conflicting — and often wrong — information fed to people, especially on…
Americans more reactive about finances as planner numbers drop to 40%
How people tackle their finances can vary but, according to new research from PYMNTS, there are two ways that are most common. PYMNTS found just 40%…
Study reveals retirement costs without Social Security across states
Retirement remains top of mind for many Americans, whether they are approaching their so-called “golden years” or have many years to go before…
FICO to include buy now, pay later data in new credit score models
FICO said on Monday that it is going to incorporate buy now, pay later (BNPL) data into credit scores as the payment method surges in popularity. The…
Americans now say $2.3 million net worth makes you wealthy, survey finds
The average net worth that Americans feel is needed to qualify as wealthy has surprisingly declined, compared to last year, though it is still an…
AI financial advisers may soon outperform humans in wealth management decisions
For decades, Americans were given the same advice about money: Find a good financial adviser. Trust the person, not just the process. That model…
Jobs market may determine if credit scores continue declining in 2026
A strong credit score can be the key to major financial purchases and affordable loans, but some states saw notable declines that created a “perfect…