Credit card debt surges to another record high, New York Fed data shows

Americans' debt balances grew across the board, but Fed researchers voiced 'concerning' growth in auto and credit card delinquencies.

How to celebrate the holidays without breaking the bank

It’s hard for the holidays to be the most wonderful time of the year when your finances are tight. In a Fox 32 money saver special report, Dawn Hasbrouck looks at some ways to help you still afford them and dodge some debt.

How to celebrate the holidays without breaking the bank
video

It?s hard for the holidays to be the most wonderful time of the year when your finances are tight. In a Fox 32 money saver special report, Dawn Hasbrouck looks at some ways to help you still afford them and dodge some debt.

Wall Street soars on Trump victory as analysts debate economic impact

It was a monster day on Wall Street as the Dow reacted to the election of Donald Trump by climbing 1,508 points. The tech-heavy NASDAQ Index was up by more 544 points.

New rules could make it easier to switch banks

A new banking rule would make it easier to switch banks or lenders, but it’s already facing pushback from the financial industry.

Inflation gauge falls to lowest level in 3 1/2 years

Inflation has improved over the past two years after supply chains recovered from disruptions from the pandemic and the Federal Reserve raised its key interest rate.

IRS announces higher standard deductions for 2025

The IRS has announced higher standard deductions for U.S. taxpayers in 2025, allowing them to shield more income from taxation.

Americans are feeling more anxious about their credit card debt, survey finds

Americans appear to be feeling more worried about mounting credit card debt, according to the New York Fed’s September 2024 Survey of Consumer Expectations.

Federal Reserve slashes key rate by half-point, signals end of inflation battle

The Federal Reserve cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates helped tame inflation but that also made borrowing painfully expensive for consumers.

How the expected rate cut could impact your money
video

The Federal Reserve's latest meeting starts wrapping up today when the central bank is expected to finally announce a long-awaited cut in its key interest rate. Here to explain the impact this will have on U.S. consumers is Mark Weinraub with Crain's Chicago Business.

Tips for healing from financial anxiety
video

Personal finance expert Anthony O'Neal dishes out money tips from his new book "Take Your Seat at the Table."

Tackling credit card debt
video

Americans owe a record $1.2 trillion in credit card debt. One of the biggest issues is the balance that carries over and grows each month.

College Savings: What parents and students should know
video

According to a recent study, saving for college is a priority now more than ever. A 529 plan offers a flexible, tax-advantage way to save and pay for educational expenses.

Social Security: 3 changes to look out for in 2025, according to experts

The Social Security COLA increase in 2025 is likely to be smaller than in 2024, according to estimates. Here are some potential changes Americans should take into account.

Maryland city will pay you $20,000 to move there

A city in Maryland is offering a $20,000 incentive to get new residents to move there.