Senate Majority Leader John Thune (R-SD) speaks during a news conference following the weekly Senate Republican policy luncheon at the U.S. Capitol on June 17, 2025 in Washington. Anna Moneymaker | Getty Images News | Getty Images A massive legislative package Senate Republicans are trying to pass this week would hurt the lowest-earning Americans financially […]
How ‘revenge saving’ can improve your finances
Americans are tightening their belts, as concerns about tariffs, inflation, job security and market volatility have prompted many consumers to pare back their spending and increase their savings, financial experts say. The U.S. personal saving rate — the percentage of disposable income that U.S. households save, after they pay taxes and spend money — has […]
Debt is a ‘growing force’ influencing jobseekers’ choices, expert says
Svetikd | E+ | Getty Images Many Americans are carrying debt — and for some, the liability is influencing their career choices and job hunting behaviors. “Debt is a growing force behind why people take certain jobs, stay in roles longer than they’d like, or hesitate to make a career pivot,” said Priya Rathod, a […]
Medicaid cuts still in ‘big beautiful’ bill after parliamentarian ruling
An inflated pig with the message “Medicaid Is Not A Piggy Bank For Billionaires” is stationed at a rally opposing House Republicans Tax Proposal prior to the final House Vote on Capitol Hill on May 21, 2025 in Washington, D.C. Jemal Countess | Getty Images Entertainment | Getty Images While some Medicaid cuts proposed in […]
Student loan ‘default cliff’ coming as late payments rise: reports
With the U.S. Department of Education’s “involuntary collections” on federal student loans now underway, millions of borrowers face a “default cliff,” reports show. A new analysis by TransUnion found that as of April, 31% of student loan borrowers with a payment due are in “late-stage delinquency,” or over 90 days past due on payments. That’s the highest share the […]
Paying for your own cell phone plan
These days, it’s common for parents to give their adult children some financial support. But it wouldn’t take a lot to be considered independent. About three-quarters, or 76%, of Americans say that coming off a parent’s cell phone plan is one of the “ultimate signs” of adulthood, according to a recent survey of over 2,000 […]
The average 401(k) savings rate is at record-high levels, report finds
Milan Markovic | E+ | Getty Images The average 401(k) savings rate has maintained a record high, as some retirement plans make it easier for workers to enroll and contribute. In 2024, the average combined savings rate for employee deferrals and company deposits was an estimated 12%, according to Vanguard’s newly released yearly analysis of […]
‘Big beautiful’ bill health care cuts may add to medical debts: report
The Good Brigade | Digitalvision | Getty Images Proposed federal spending cuts to health care in Republicans’ “One Big Beautiful Bill Act” may increase some families’ medical debts by as much as $22,800, according to a new report from Third Way, a Washington, D.C.-based think tank. The Republican budget bill proposes $1.1 trillion in cuts […]
GOP ‘big beautiful’ bill would end many clean energy tax credits
Halfpoint Images | Moment | Getty Images Legislation that Republicans are trying to pass by the Fourth of July would end a slew of popular consumer tax breaks tied to clean energy, leading some experts to call on households to act now to collect the savings. Many tax breaks on the chopping block were created, […]
Why electricity prices are surging for U.S. households
Kilito Chan | Moment | Getty Images Electricity prices are rising quickly for U.S. households, even as overall inflation has cooled. Electricity prices rose 4.5% in the past year, according to the consumer price index for May 2025 — nearly double the inflation rate for all goods and services. The U.S. Energy Information Administration estimated […]