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Money

News related to money, savings and the economy.

Inflation may be coming down but that doesn't mean prices will, expert explains

Inflation may be coming down but that doesn't mean prices will, expert explains

Allianz chief economic adviser Mohamed El-Erian warned that even though inflation has cooled significantly, prices consumers face are unlikely to decrease.

November 4, 2024 11:41am CST
TGI Fridays files for bankruptcy, COVID-19 pandemic blamed for financial woes

TGI Fridays files for bankruptcy, COVID-19 pandemic blamed for financial woes

TGI Friday's has filed for Chapter 11 bankruptcy protection.

November 2, 2024 11:26am CDT
IRS increases 401(k), other retirement plan contribution limits for 2025

IRS increases 401(k), other retirement plan contribution limits for 2025

The IRS has updated its eligibility thresholds and contribution limits for 401(k), IRA and other retirement accounts.

November 2, 2024 8:01am CDT
Social Security November payment schedule: Here’s when beneficiaries will get their checks

Social Security November payment schedule: Here’s when beneficiaries will get their checks

It's officially November. Here's the Social Security payment schedule for the month, including when SSI beneficiaries will get paid for December ahead of time.

November 1, 2024 6:44am CDT
Americans spending less money on Halloween
video

Americans spending less money on Halloween

High prices have Americans spending less this year.

October 31, 2024 12:18pm CDT
Inflation gauge falls to lowest level in 3 1/2 years

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.

October 31, 2024 10:29am CDT
Will Mayor Brandon Johnson's budget plan include property tax hikes?
video

Will Mayor Brandon Johnson's budget plan include property tax hikes?

Joe Ferguson, President of the Civic Federation, discussed the possibility of property tax hikes in the mayor's budget plan.

October 30, 2024 7:59am CDT
Man wins $1M from lottery ticket he bought with money found in parking lot

Man wins $1M from lottery ticket he bought with money found in parking lot

The winner found $20 in a parking lot outside of a Speedway in North Carolina.

October 29, 2024 3:16pm CDT
Mortgage rates go up again this week – what’s the forecast for November?

Mortgage rates go up again this week – what’s the forecast for November?

Mortgage rates could change in November, but experts are split on by how much, according to a recent report.

October 29, 2024 1:23pm CDT
Infant care costs roughly 10% of a family's annual income in nearly all states, study finds

Infant care costs roughly 10% of a family's annual income in nearly all states, study finds

A new study reveals that child care expenses are absorbing a significant portion of family household incomes nationwide.

October 29, 2024 10:49am CDT
'90s fitness guru lost multimillion-dollar empire, delivered for Uber Eats in ‘desperation’

'90s fitness guru lost multimillion-dollar empire, delivered for Uber Eats in ‘desperation’

Susan Powter's financial downfall after building a fitness empire was due to the mismanagement of her fortune. The '90s fitness guru claimed she delivered for Uber Eats.

October 28, 2024 1:15pm CDT
New plan would cancel student loans for those with financial hardships

New plan would cancel student loans for those with financial hardships

Student loan borrowers who face steep medical bills, child care costs and other types of financial hardship could see their student loan debt erased under a new proposal.

October 25, 2024 10:50am CDT
Quinn advocates for millionaire tax to ease property tax burden

Quinn advocates for millionaire tax to ease property tax burden

Former Illinois Governor Pat Quinn is back on the campaign trail, though not for an elected office.

October 24, 2024 4:52pm CDT
This is how much money you need to never work again

This is how much money you need to never work again

Our expert offered one key tip for those who want to become a millionaire and stay a millionaire.

October 24, 2024 1:26pm CDT
Social Security: Here's how far the average check goes in 50 largest US cities, according to study

Social Security: Here's how far the average check goes in 50 largest US cities, according to study

Millions of Americans receive Social Security benefits and depending on where you live, the check might stretch a little more for expenses based on findings from a recent study.

October 24, 2024 12:12pm CDT
Social Security: It'll be harder to qualify for retirement benefits starting in 2025 — what to know

Social Security: It'll be harder to qualify for retirement benefits starting in 2025 — what to know

It will become slightly harder to qualify for Social Security benefits in retirement next year amid a change related to the value of a work "credit."

October 24, 2024 9:11am CDT
Former Gov. Pat Quinn calls Illinois voters' attention to tax-saving referendum
video

Former Gov. Pat Quinn calls Illinois voters' attention to tax-saving referendum

Former Illinois Gov. Pat Quinn has been trying to convince voters to sign off on a non-binding referendum asking whether the state should raise taxes on incomes over $1 million to pay for property tax relief.

October 24, 2024 7:55am CDT
Illinois State Treasurer mails out nearly 140,000 unclaimed property checks

Illinois State Treasurer mails out nearly 140,000 unclaimed property checks

The Illinois State Treasurer's Office has mailed checks to nearly 140,000 residents for unclaimed property. 

October 22, 2024 1:27pm CDT
Biden administration forgives $4.5 million in student debt for 60,000 borrowers

Biden administration forgives $4.5 million in student debt for 60,000 borrowers

The Biden administration announced over $4 million in funding for borrowers who have met PSLF requirements.

October 22, 2024 12:38pm CDT
Illinoisans urged to check mail for unclaimed property checks
video

Illinoisans urged to check mail for unclaimed property checks

The Illinois State Treasurer is urging people to cash their check for unclaimed property from the state.

October 22, 2024 12:13pm CDT
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Chicago man charged with murder, attempted murder in fatal West Side shooting: police

Chicago man charged with murder, attempted murder in fatal West Side shooting: police

Brighton Park woman says federal agent pointed gun at her while she recorded immigration enforcement

Brighton Park woman says federal agent pointed gun at her while she recorded immigration enforcement

Lynwood rallies around young junior officer facing heartbreak this holiday season

Lynwood rallies around young junior officer facing heartbreak this holiday season

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Chicago gang leader found guilty of racketeering, murders

Chicago gang leader found guilty of racketeering, murders

Suburban Chicago man charged with stabbing 73-year-old uncle to death

Suburban Chicago man charged with stabbing 73-year-old uncle to death

Chicago business owner sues city and mayor, claims Riverwalk license revoked due to racial bias

Chicago business owner sues city and mayor, claims Riverwalk license revoked due to racial bias

3 charged in 'sickening' killing of South Holland teen, police say victim was mistaken for target

3 charged in 'sickening' killing of South Holland teen, police say victim was mistaken for target

Two men charged in armed robbery on CTA bus on South Side, police say

Two men charged in armed robbery on CTA bus on South Side, police say

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