Overdraft fees made up about 10 percent of big bank profits. They collected more than $30 billion in Overdraft fees in 2020. Bank of America, the...
A series of interest rate hikes coming this year, said the Federal Reserve Chairman Jerome Powell during his confirmation hearing before the U.S. Senate Committee on...
Stocks had a historic year. The three major U.S. stock benchmarks rose nearly 23% on average in 2021. The Dow Jones Industrial Average, The S&P 500,...
Buy Now Pay Later, or BNPL Companies, are suitable for people who usually do not have the money to buy something right away. If you are...
A Social Security personal account is an excellent retirement planning tool. Current and future social security benefits recipients can use their accounts to plan, execute, and...
Cash-offers give buyers a significant advantage because sellers will take the lowest offer if it’s all cash because they don’t have to be worried about delays...
Postal banking can be the first financial institution to cater to the financial well-being of low-to-moderate income American households. Existing consumer finance companies target and prey...
The financial crisis of 2007-2008 has lasting economic impacts. In the fall of 2008, the US gross domestic product (GDP) fell by 4.3 percent. Two well-researched...
Rent Burden or housing affordability is a serious problem facing American families. Renters who stopped making their rent payments last year did not spend their newfound...
Savings is an expense. Seeing it any other way can delay economic mobility, sometimes permanently. Even financially literate individuals sometimes see savings as an afterthought. Status...