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Showing posts with the label finance-news

Buy now, pay later loans will now impact Americans' credit scores

Buy now, pay later loans will now impact Americans' credit scores 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 FICO Score 10 BNPL and FICO Score 10 T BNPL will b... Read more: https://worldnewsguru.us/finance-news/buy-now-pay-later-loans-will-now-impact-americans-credit-scores Originally published on World News Guru

Americans face vastly different retirement costs across states as Social Security cuts loom

Americans face vastly different retirement costs across states as Social Security cuts loom Retirement remains top of mind for many Americans, whether they are approaching their so-called "golden years" or have many years to go before leaving the workforce. How much money a person needs to h... Read more: https://worldnewsguru.us/finance-news/americans-face-vastly-different-retirement-costs-across-states-as-social-security-cuts-loom Originally published on World News Guru

Americans increasingly abandon financial planning as economic pressures mount

Americans increasingly abandon financial planning as economic pressures mount 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% of American consumers are "planners," meaning their ... Read more: https://worldnewsguru.us/finance-news/americans-increasingly-abandon-financial-planning-as-economic-pressures-mount Originally published on World News Guru

Expert debunks common social media myths about saving, debt and buy now pay later

Expert debunks common social media myths about saving, debt and buy now pay later Managing one’s finances can be challenging, especially when faced with conflicting – and often wrong – information fed to people, especially on social media. Buying into common misconceptions surround... Read more: https://worldnewsguru.us/finance-news/expert-debunks-common-social-media-myths-about-saving-debt-and-buy-now-pay-later Originally published on World News Guru

Retirement account balances dip in 1st quarter, but savers keep contributing

Retirement account balances dip in 1st quarter, but savers keep contributing Retirement account balances dipped in the first quarter due to stock market turbulence. Still, people kept socking away money for their retirement, according to new data from Fidelity Investments. The... Read more: https://worldnewsguru.us/finance-news/retirement-account-balances-dip-in-1st-quarter-but-savers-keep-contributing Originally published on World News Guru

Financial expert warns against the hidden traps of 'buy now, pay later' services

Financial expert warns against the hidden traps of 'buy now, pay later' services Using "buy now, pay later" (BNPL) has become increasingly common in recent years as people look to split up and finance purchases they make. According to Credit Sesame financial analyst Richard Barrin... Read more: https://worldnewsguru.us/finance-news/financial-expert-warns-against-the-hidden-traps-of-buy-now-pay-later-services Originally published on World News Guru

How Trump's tax bill will affect your money

How Trump's tax bill will affect your money President Donald Trump’s "big, beautiful bill" cleared the House and is making its way through the Senate. Still, critics point out the bill, which is over 1,000 pages, will add trillions to what is a... Read more: https://worldnewsguru.us/finance-news/how-trumps-tax-bill-will-affect-your-money Originally published on World News Guru

When leaving the house to your heirs backfires

When leaving the house to your heirs backfires Americans have trillions of dollars of wealth locked up in their homes, and passing it on at death can get messy quickly.The typical way of outlining who should get the house in a will can cause delay... Read more: https://worldnewsguru.us/finance-news/when-leaving-the-house-to-your-heirs-backfires Originally published on World News Guru

Fed holds interest rate steady as it waits to see impact of tariffs

Fed holds interest rate steady as it waits to see impact of tariffs The Federal Reserve is keeping rates steady at its targeted range of 4% to 4.25% and is waiting to see how President Donald Trump's administration's tariffs will impact the economy.For now, Federal Re... Read more: https://worldnewsguru.us/finance-news/fed-holds-interest-rate-steady-as-it-waits-to-see-impact-of-tariffs Originally published on World News Guru

Energy prices are high and people in these states face the heftiest electricity bills

Energy prices are high and people in these states face the heftiest electricity bills Paying utilities bills, including ones for electricity, is a responsibility that many Americans face – and some have difficulty covering – each month. Nationwide, the amount of money that Americans ha... Read more: https://worldnewsguru.us/finance-news/energy-prices-are-high-and-people-in-these-states-face-the-heftiest-electricity-bills Originally published on World News Guru

More Americans have brighter outlook on state of finances for next year: survey

More Americans have brighter outlook on state of finances for next year: survey As the new year approaches, more Americans have a brighter outlook for the state of their personal finances in 2025, a recent survey indicated. Bankrate said Thursday its survey found that 44% of Amer... Read more: https://worldnewsguru.us/finance-news/more-americans-have-brighter-outlook-on-state-of-finances-for-next-year-survey Originally published on World News Guru

The Federal Reserve announced a third rate cut; fewer are expected in 2025

The Federal Reserve announced a third rate cut; fewer are expected in 2025 The Federal Reserve just cut interest rates one more time this year. In their recent meeting, the Fed decided to cut rates by a quarter of a percentage point, dropping rates to 4.25% to 4.5%. This mov... Read more: https://worldnewsguru.us/finance-news/the-federal-reserve-announced-a-third-rate-cut-fewer-are-expected-in-2025 Originally published on World News Guru

Top personal finance New Year's resolutions for 2025

Top personal finance New Year's resolutions for 2025 The elevated inflation in recent years continued to wreak havoc on many Americans' wallets in 2024, but the start of the new year provides a great opportunity to set new financial goals to get back on... Read more: https://worldnewsguru.us/finance-news/top-personal-finance-new-years-resolutions-for-2025 Originally published on World News Guru

Americans moving past taboos about family financial planning, study finds

Americans moving past taboos about family financial planning, study finds Americans have historically been averse to discussing financial matters among family members, but a recent study by Fidelity Investments found that attitudes toward taboo wealth topics are shifting.Fi... Read more: https://worldnewsguru.us/finance-news/americans-moving-past-taboos-about-family-financial-planning-study-finds Originally published on World News Guru

These are the fastest-growing jobs in the US, LinkedIn says

These are the fastest-growing jobs in the US, LinkedIn says As the new year gets underway, some Americans may be on the hunt for new jobs. The 2025 edition of LinkedIn’s "Jobs on the Rise" report released on Tuesday identified positions that have been seeing n... Read more: https://worldnewsguru.us/finance-news/these-are-the-fastestgrowing-jobs-in-the-us-linkedin-says Originally published on World News Guru

If you are 60 years old, new 401(k) rules could save you money

If you are 60 years old, new 401(k) rules could save you money They say you get better as you get older. This might just be true for 401(k) plans in 2025 for those striding into their golden years. Planning for retirement just got a significant boost for American... Read more: https://worldnewsguru.us/finance-news/if-you-are-60-years-old-new-401k-rules-could-save-you-money Originally published on World News Guru

Biden cancels more student loans with one week left to his term

Biden cancels more student loans with one week left to his term As President Joe Biden's term draws to a close, he has granted federal student loan relief to an additional 150,000 borrowers.These 150,000 borrowers include almost 85,000 who attended schools that ch... Read more: https://worldnewsguru.us/finance-news/biden-cancels-more-student-loans-with-one-week-left-to-his-term Originally published on World News Guru

December inflation clouds Fed's outlook on interest rate cuts

December inflation clouds Fed's outlook on interest rate cuts Annual inflation increased to 2.9% in December, rising modestly above the 2.7% annual inflation rate of the previous month, according to the Consumer Price Index (CPI) released by the Bureau of Labor ... Read more: https://worldnewsguru.us/finance-news/december-inflation-clouds-feds-outlook-on-interest-rate-cuts Originally published on World News Guru

California's homeowners insurance industry faces rough road ahead as wildfires continue

California's homeowners insurance industry faces rough road ahead as wildfires continue The California wildfires have brought widespread disaster to communities in Southern California. It’s also contributed to a serious insurance crisis happening in the state. Many insurers have pulled o... Read more: https://worldnewsguru.us/finance-news/californias-homeowners-insurance-industry-faces-rough-road-ahead-as-wildfires-continue Originally published on World News Guru

Fed hits pause on interest rate cuts for now

Fed hits pause on interest rate cuts for now Interest rates will stay higher for longer as the Federal Reserve pauses further interest rate cuts to give inflation room to drop closer to its 2% target rate.  The Federal Reserve held interest rate... Read more: https://worldnewsguru.us/finance-news/fed-hits-pause-on-interest-rate-cuts-for-now Originally published on World News Guru