Savings
More people trying 'no-buy year' trend to save thousands of dollars
A Tiktok trend is encouraging people to save more money. It’s called the ‘no-buy year.’ The rules are simple. Make a list of the non-essential items…
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Americans save more in HSAs, Fidelity reports HSA assets exceed $16 billion
Americans increased their savings for Health Savings Accounts (HSA) as Fidelity Investments reported its HSA assets surpassed $16 billion. The…
Inflation and interest rate hikes are negatively impacting Americans’ financial well-being: Survey
As Americans grapple with high inflation and raised interest rates, their financial well-being has taken a toll, according to a…
What is ‘cash stuffing’ and how does it work?
The catchy "cash stuffing" trend you may have heard about incorporates some old-school budgetary practices blended with a tangible approach…
Many Americans still optimistic about homebuying despite tough economic backdrop: TD Bank
Many Americans have shrugged off rising costs and interest rates and said that 2023 is the year to buy a…
Bank deposits fell by more than $76 billion
Bank deposits dropped by $76.2 billion for in mid-April, according to seasonally adjusted data released by the Federal Reserve. Although…
Biden asks student loan companies to prepare for end to payment pause
The Department of Education has issued guidance to student loan companies about collecting federal student loan payments after a three-year…
Mortgage rates rise again, but tide may soon change: Freddie Mac
The average 30-year fixed-rate mortgage rate increased to 6.43% for the week ending April 27, 2023, according to the latest…
The Fed is expected to raise interest rates again in May: Economists
The Federal Reserve is expected to raise interest rates by another 25 basis points during its May meeting, according to…
Financial stress has biggest impact on Americans’ mental health: survey
As Americans cope with high inflation, many said their stress levels were at an all-time high, according to a recent…
America’s retirement preparedness score drops: Fidelity
The average American’s Retirement Score has dropped to 78, a decrease from its 2020 all-time high of 83, according to…
Inflation and rising costs pushes Americans to make risky financial choices: Survey
With budgets strained, some Americans are embracing risky financial behaviors to make ends meet, a recent survey said. High inflation…
Many Americans plan to use their tax refunds to build savings in 2023, survey says
Many Americans plan to save less than $5000 this year and are relying on their tax refunds to build rainy…
Saving for retirement in America makes ‘dramatic’ shift, new report reveals
American workers are receiving some "very encouraging" news about their retirement futures, with one generation, in particular, that’s most set…
Americans burn through pandemic savings as high inflation pinches
U.S. households are burning through the savings buffer that they built up during the COVID-19 pandemic at an alarming pace…
When should you borrow from your 401(k)? Use ‘as a last resort,’ Fidelity adviser warns
With a rising number of Americans tapping into their 401(k)s to cover emergency costs, many workers struggling with high inflation…
Americans prepare for a recession by paying off debt, survey says
While 81% of middle-income survey respondents said they expected a recession this year, 62% said they are planning to or…
Retirees lost 10% of their savings in 2022, survey says
A year of high inflation and market volatility delivered a hit to retirees’ nest eggs, a new survey shows. So…
Americans delay medical care over lack of savings, survey says
Many Americans are putting off medical care, in some cases for serious conditions, because they don't have the funds to…