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Money

News related to money, savings and the economy.

Most Americans cannot afford a $1K emergency expense

Most Americans cannot afford a $1K emergency expense

Thirty-five percent of adults surveyed said they'd have to borrow money if they had a $1,000 unexpected expense.

January 27, 2024 6:55am PST
Gas prices remain stagnant as demand drops: AAA

Gas prices remain stagnant as demand drops: AAA

Although prices are lower than they were last year at this time, they remain steady month over month.

January 26, 2024 3:52pm PST
Study: Gen Z, millennials are ‘obsessed’ with idea of being rich

Study: Gen Z, millennials are ‘obsessed’ with idea of being rich

The study found that nearly 60% of millennials said they feel behind financially, likely contributing to feelings of financial inadequacy.

January 26, 2024 2:04pm PST
30-year mortgage rate stabilizes in 6.6 percent range, draws buyers back: Freddie Mac

30-year mortgage rate stabilizes in 6.6 percent range, draws buyers back: Freddie Mac

The average 30-year fixed-rate mortgage was 6.69% for the week ending Jan. 25, according to Freddie Mac's latest Primary Mortgage Market Survey.

January 26, 2024 10:09am PST
US fourth quarter GDP beats expectations and recession odds

US fourth quarter GDP beats expectations and recession odds

Real GDP increased at an annual rate of 3.3% for the October-through-December period after rising 4.9% in the third quarter of 2023, according to the BEA's advance estimate released Thursday.

January 25, 2024 2:54pm PST
Biden cancels another $5 billion in student loan forgiveness – Here's who is impacted

Biden cancels another $5 billion in student loan forgiveness – Here's who is impacted

The Biden Administration announced an additional $5 billion in student loan forgiveness that impacts borrowers using the income-driven repayment (IDR) and Public Service Loan Forgiveness (PSLF) plans.

January 25, 2024 1:01pm PST
When will the IRS send out tax refunds

When will the IRS send out tax refunds

The IRS says most taxpayers should expect their refund within 21 days of filing but it could take longer for some.

January 25, 2024 11:57am PST
Credit card spending up
video

Credit card spending up

New data indicates credit card spending is up and taking long to pay off.

January 25, 2024 7:42am PST
Here are the US states where you’ll pay less individual income tax in 2024

Here are the US states where you’ll pay less individual income tax in 2024

Several U.S. states are lowering individual income tax rates this year, meaning more financial relief for American taxpayers.

January 25, 2024 5:40am PST
IRS to start simplifying notices to taxpayers this year

IRS to start simplifying notices to taxpayers this year

The IRS on Tuesday announced that it will redesign and simplify the long and often complicated notices it sends to taxpayers every year. 

January 24, 2024 4:11pm PST
'Disneyland Forward' theme park expansion project in Anaheim moves forward

'Disneyland Forward' theme park expansion project in Anaheim moves forward

The future expansion of Disneyland Resort and Disney California Adventure in Anaheim is moving forward after Disney announced it is committed to investing at least $2.5 billion in the project over the next decade.

January 24, 2024 2:57pm PST
Social Security is coming for a bigger chunk of your paycheck

Social Security is coming for a bigger chunk of your paycheck

The portion of personal income subject to the Social Security tax has increased to $168,600 this year from $160,200 in 2023.

January 24, 2024 2:40pm PST
Read this before you sign up for a college credit card

Read this before you sign up for a college credit card

Signing up for financial products your college is offering can sometimes be the worst deal, a recent CFPB report said.

January 24, 2024 9:47am PST
Number of electric vehicles that qualify for new electric vehicle tax credit drops to 13

Number of electric vehicles that qualify for new electric vehicle tax credit drops to 13

Only 13 electric vehicle models qualify for the full $7,500 credit, with Tesla and GM seeing the biggest hit.

January 23, 2024 12:46pm PST
Mortgage rates finally expected to dip below 6 percent in 2024, but affordability remains low

Mortgage rates finally expected to dip below 6 percent in 2024, but affordability remains low

Mortgage rates are trending down, likely to go below 6% by the end of the year, but most housing still remains unaffordable to the average American.

January 23, 2024 9:59am PST
'Loud budgeting' goes viral: What to know about this hot money trend

'Loud budgeting' goes viral: What to know about this hot money trend

Members of Gen Z are shocked by high cost of everything — and are making some notable adjustments.

January 23, 2024 9:09am PST
TurboTax maker Intuit barred from advertising 'free' tax services

TurboTax maker Intuit barred from advertising 'free' tax services

The FCT says Intuit engaged in deceptive practices by running ads that claimed consumers could file their taxes for free using TurboTax though many people did not qualify for such free offerings.

January 23, 2024 8:25am PST
Your significant other expects you to spend over $100 on Valentine's Day

Your significant other expects you to spend over $100 on Valentine's Day

Americans in relationships believe their partners expect them to spend an average of $157.52 on gifts this Valentine's Day, according to a recent Trustpilot survey.

January 22, 2024 10:32am PST
New car purchases are on the rise, but there are insurance implications

New car purchases are on the rise, but there are insurance implications

Consumers are buying new vehicles more often with sales increasing by over 13% in 2023.

January 22, 2024 10:14am PST
California first-time homebuyer loan program relaunches: How to apply

California first-time homebuyer loan program relaunches: How to apply

Last year, the "California Dream For All" program quickly ran out of the $300 million set aside to help first-time homebuyers with down payment assistance.

January 21, 2024 9:28am PST
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The 'Patriot Games': What we know about Trump's proposed high school athletic competition

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Missing Kentucky girl, who was abducted 40 years ago, found alive; Mom arrested in Florida, deputies say

Missing Kentucky girl, who was abducted 40 years ago, found alive; Mom arrested in Florida, deputies say

Trump signs executive order to reclassify marijuana as less dangerous drug

Trump signs executive order to reclassify marijuana as less dangerous drug

Fact Check Trump Presidential Address: Claims clash with administration’s own data

Fact Check Trump Presidential Address: Claims clash with administration’s own data

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Rob and Michele Reiner’s causes of death revealed

Rob and Michele Reiner’s causes of death revealed

Stolen plane crashes into hangar at Van Nuys Airport

Stolen plane crashes into hangar at Van Nuys Airport

New laws going into effect in California in 2026

New laws going into effect in California in 2026

15-year-old boys stabbed, robbed at Westfield Topanga mall

15-year-old boys stabbed, robbed at Westfield Topanga mall

Home Depot denies using high-pitched noise machines to target day laborers at LA store

Home Depot denies using high-pitched noise machines to target day laborers at LA store

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