Simpleimages | Moment | Getty ImagesHeading into 2024, consumers should "economize" their budgets, pay down debt and save money, if possible, to boost their personal finances, Dana Peterson, chief economist at The Conference Board, said Thursday at CNBC's Your Money event.This "three-point action plan" is important for households since...
kate_sept2004 | E+ | Getty ImagesWhether you're starting to invest or nearing retirement, there are several ways to use exchange-traded funds, or ETFs, to achieve your financial goals, experts say.An ETF is like a basket of individual assets, such as stocks or bonds, with shares that trade on an...
Tetra Images | Digitalvision | Getty ImagesFeeling the pressure of inflation and rising interest rates over the past few months, an increasing number of consumers have been making credit card payments 30 days late or more, according to the Federal Reserve Bank of New York's latest Quarterly Report on...
Jimvallee | Istock | Getty ImagesThis is the time of year when most companies hold their open enrollment periods, during which employees decide on their benefits for the next 12 months.You'll likely have a window of just a few weeks to review health insurance plans, allocate your savings and...
Young woman talking to parents.Getty ImagesGen Z and millennial adults are having a hard time achieving the same milestones their parents did when they first ventured out into the workforce.For instance, 55% of young adult respondents find it is "much harder" to purchase a home, 44% said it is...
Americans now owe $1.08 trillion on their credit cards, according to a new report on household debt from the Federal Reserve Bank of New York.Credit card balances spiked by $154 billion year over year, notching the largest increase since 1999, the New York Fed found."Credit card balances experienced a large jump...
While Americans' credit card debt levels have reached a record high of more than $1 trillion, their overall credit health has remained strong, according to a report from credit scoring company VantageScore. Even with inflation, rising interest rates and concern about the overall economy, U.S. consumers still have room to...
Kathrin Ziegler | Digitalvision | Getty ImagesETF demand outstrips mutual fundsAt a high level, ETFs are investment funds that generally hold a basket of many securities such as stocks and bonds, similar to mutual funds.Unlike mutual funds, however, ETFs are traded on a stock exchange. Like stocks, they can...
Miniseries | E+ | Getty ImagesHomebuyers are dealing with record-high costs this year amid interest rate hikes and shrinking supply.While shopping for homes is increasingly competitive, prospective buyers should consider an additional factor when weighing the pros and cons of a given property: the homeowners association, or HOA.Homeowners associations...
Morsa Images | Digitalvision | Getty ImagesSoft saving gains steam in today's economyOnly recently, there was tremendous buzz around FIRE, an acronym that stands for Financial Independence, Retire Early, a movement built on the idea that handling your money super efficiently can help you reach financial freedom.But putting enough...