FHFA just announced higher conforming loan limits for 2025
Rising housing costs pushed up CLL. (iStock ) Home prices have remained high in recent years, largely due to fluctuations in mortgage rates and the lingering economic impact of the pandemic. Accordingly, the Conforming Loan Limit (CLL), which determines how much loan a borrower is eligible for, is scheduled to increase in 2025. The Federal […]
What ETFs are the best for those in or near retirement?
Kenny Polcari, chief market strategist at SlateStone Wealth, discusses whether Nvidia can become a cash machine like Apple on “Making Money.” As the baby boomer generation ages, Americans are retiring at a record pace. Exchange Traded Fund (ETF) It has become a popular way for retirees to invest in a way that suits their risk […]
Is a retirement savings crisis looming?
In “The Bottom Line,” President Trump donor Norm Champ details how the Biden-Harris rule is hurting Americans' retirement savings. Tens of millions of private sector workers lack access to retirement savings plans through their employers, which experts at AARP's Public Policy Institute warn could pose a significant burden to future taxpayers. There is. The institute […]
Will October’s inflation increase slow the pace of interest rate cuts?
Housing costs remain a major driver of inflation. (iStock) Inflation rose to 2.6% in October, up slightly from the previous month, according to the Consumer Price Index (CPI). Published by the Bureau of Labor Statistics (BLS). According to the BLS, October's inflation rate was higher than September's annual rate of 2.4%, and rose 0.2% on […]
The Fed just cut interest rates again, this time by a quarter of a percentage point
The Fed's rate cut comes as inflation approaches the 2% level. (iStock ) of the fed just cut interest rates This is the second time this year, and the move was largely expected as inflation continues to decline. The Federal Reserve cut its policy rate by a quarter of a point from 4.5% to 4.75%. […]
Credit card companies now charging extra fees for paper statements
See what's being clicked on FoxBusiness.com. A new initiative to move credit card users to digital statements will come with penalties for those who don't want to comply. Major retail credit card companies are quietly introducing a $1.99 fee if you want to continue receiving paper statements. One of the biggest offenders is Synchrony Bank, […]
Why some Americans will receive an extra Social Security check in November
Ramsey Solutions personality Jade Warshaw breaks down how to get the most out of your Social Security check and more on The Bottom Line. Some Americans receive two. social security payments In rare cases, due to a system glitch, a second month's payment may be required. usually, social security The Administration (SSA) makes one payment […]
Biden administration forgives $4.5 million in student debt for 60,000 borrowers
Borrowers who work in the public service sector or the government are eligible for this exemption. (iStock ) An additional 60,000 student loan borrowers will receive student loan relief in the coming weeks. of Biden administration announces $4.5 billion in relief for public servants such as nurses, teachers, and social workers. This relief comes as […]
A growing share of Gen Z adults don’t think they’ll retire
Barrons Roundtable discusses reports that members of Generation Z are actively looking to retire. Gen Z is the youngest generation of adults today, but many are struggling to make ends meet, and an increasing number say they have no intention of retiring, and more are saving money to do so. There are very few. a […]
Middle-income households’ negative view of their personal finances plummets to new low
Gerald Store, CEO of Store Advisors, spoke to Barney & Company about the current state of U.S. consumers ahead of the holiday season. New data shows America's middle class is feeling the squeeze like never before. Primerica's latest work According to the third quarter Financial Security Monitor report, 55% of middle-income households now assess their […]