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. Fidelity’s State of Wealth Mobility study found that 56% of Americans didn’t discuss family finances with their parents when they were children. Of that...
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 track. “As we step into 2025, the country’s financial landscape calls for proactive resolutions...
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 move was largely expected by economists. The Fed cited indicators of an expanding economy...
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 American adults expect to see their financial situation become either “somewhat” or “significantly better” next year, a 7...
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 had to pay for electricity in August averaged $185.59, according to a recently-released report from LendingTree. However, it found residents in...
Annual inflation increased to 2.7% in November, rising modestly above the 2.6% annual inflation rate of the previous month, according to the Consumer Price Index (CPI) released by the Bureau of Labor Statistics (BLS). Inflation increased 0.3% on a monthly basis in November following four months of registering 0.2% monthly...