Interest rates not changing until inflation cools, Federal Reserve says

The Federal Reserve announced its decision to maintain its key interest rate at a two-decade high of roughly 5.3% amid ongoing concerns about high inflation.

Credit card hacks to help you manage your finances
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Consumer reporter Steve Noviello breaks down several credit card hacks that you may not have known about.

How often should you go to the grocery store and how much to spend?

Research shows consumers are spending an average of $174 per grocery store visit in 2024, leading to more deliberate and less frequent shopping trips.

Mother's Day 2024: near-record spending of $33.5 billion expected

According to the latest annual consumer survey by the National Retail Federation (NRF), Mother's Day spending is projected to hit $33.5 billion this year. 

How to break bad spending habits
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Overconsumption is rampant on social media, causing consumers to develop poor spending habits. Consumer finance expert Andrea Woroch identifies bad habits that may be wasting your money and explains how to stop them.

81% of millennials say they can't afford a midlife crisis

Are millennials a generation in crisis? A majority said that type of crisis is a luxury they can’t afford.

Gold pocket watch recovered from Titanic’s wealthiest passenger sells for nearly $1.5M

A gold pocket watch worn by the richest passenger aboard the Titanic when the ill-fated ocean liner sank was sold at auction on Saturday for a record-breaking sum of nearly $1.5 million.

How much money it takes to be 'rich' in America for 2024

A recent GOBankingRates study utilizing IRS data reveals that the income required to be considered "rich" varies widely across the U.S., reflecting regional differences in cost of living, local economies, and tax structures.

Your $1 and $2 bills could be worth thousands: What to look for

These very rare $1 and $2 bills could be worth a lot more than face value. Here's how to spot bills that are worth hanging onto.

These salaried workers are now eligible for overtime pay

The Biden administration's new rule significantly expands overtime pay eligibility to millions of salaried workers in the U.S., setting higher income thresholds and updating salary limits every three years.

'Doom spending' instead of home buying—how young people are spending their money

Amid inflation and climate concerns, younger generations, including Gen Z and millennials, are turning to "doom spending," buying luxuries as they find homeownership increasingly unaffordable.