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.
Gas prices climb higher as arctic winter weather impacts production: AAA
The national average cost for a gallon of gas increased by two cents from last week to $3.09, according to AAA.
Biden just shortened the timeline to student loan forgiveness for these borrowers
Borrowers already enrolled in SAVE who initially took out $12,000 or less for college may have their loans forgiven soon.
New Biden administration proposal aims to drop overdraft fees to as little as $3
The cost to overdraw a bank account could drop to as little as $3 under a proposal announced by the White House, the latest move by the Biden administration to combat fees it says pose an unnecessary burden on American consumers, particularly those living paycheck to paycheck.
73 percent of Americans still haven’t bounced back financially from the COVID-19 pandemic
Americans struggle to meet basic costs, with 73% reporting they haven't yet recovered financially from the fallout of COVID-19.
Child tax credit expansion part of bipartisan $78B deal proposed in Congress
In a bipartisan effort, senior Congress lawmakers have unveiled a $78 billion tax deal aimed at expanding child tax credits and providing tax breaks for businesses.
IRS waiving $1 billion in penalty taxes, will kick off 2024 tax season on Jan. 29
The 2024 tax season gets officially underway at the end of January and some taxpayers could see tax penalties waived, the IRS said.
Gas prices stay low at the start of the new year: AAA
Gas prices fell slightly at the start of 2024 even as insurance premiums continue to rise.
Nearly 70 percent of Americans are reviewing their insurance policy, looking for lower rates: Trusted Choice
70% of Americans are reviewing their policies to save money as homeowners and auto insurance rates skyrocket.
Got student loan debt? Here’s how to get up to $2500 tax deduction
According to the IRS, you may be able to deduct a portion of student loan interest from your taxable income — up to $2,500. Find out if you qualify.
New FAFSA reveal comes with complications, delays
The Department of Education began its soft launch of the overhauled 2024-25 Free Application for Federal Student Aid (FAFSA). The 2024-2025 FAFSA form expands eligibility for federal student aid, including Pell Grants, and provides a streamlined user experience.
$44.5 million in federal funding going toward rural communities to improve higher education access
Due to fewer students in rural communities attending college, the Biden-Harris administration plans to send $44.5 million in funding to 22 rural institutions.
Seniors say 2024 Social Security payment increase not enough to keep up with inflation: survey
As seniors deal with rising inflation, some consider rejoining the workforce to deal with rising costs.
Gas prices dip as holiday season ends: AAA
The national average for a gallon of gas edged down slightly this week. Pump prices have declined due to weak gas demand and an uptick in supply.
Only half of U.S. credit card consumers believe they can pay off their December balance in full, survey finds
As we kick off 2024, a recent LendingTree survey reveals cardholders are dreading the reality of paying their monthly statement balance.
Homeowners insurance rates on the rise, mainly due to increase in natural disasters
Homeowners insurance rates on the rise across the country, with climate change being a contributing factor.
Taking control of your finances in 2024
A lot of people are setting resolutions and one that always is a big is getting your finances in order. Financial advisor Steven Conners, of Conners Wealth Management, joins AZAM to discuss tips on how to take control of your finances in the new year.
These are the 5 states with the highest and lowest student loan debt balances
The most populated states in the country tend to have the highest student loan balances, while the least populated tend to have the lowest balances.
What is ‘lifestyle inflation’? Financial advisor explains ways to avoid it
In uncertain economic times, earning more money is a benefit, but if you aren't tracking your spending, it's easy to fall into a financial hole, and an expert weighs in on what you can do.
Student loan borrowers struggle to keep up with monthly payments: study
Student loans have become a burden for many borrowers, post-pandemic. Sixty percent of federal loan borrowers who had payments due in October didn’t make payments until mid-November, according to the Department of Education.