Suze Orman speaks during AOL’s Build Speaker Series at AOL Studios In New York. Jenny Anderson | WireImage | Getty Images If you want to shore up your finances, experts generally agree on a best first step — building an emergency savings fund. Yet data consistently shows setting aside a meaningful amount of cash to…
Sen. Bernie Sanders, I-Vt., speaks during a rally in support of the Biden administration’s student debt relief plan in front of the Supreme Court in Washington, Feb. 28, 2023. Drew Angerer | Getty Images Sen. Bernie Sanders, I-Vt., is pitching a new bill to stop seniors from having money withheld from their Social Security checks…
Even as Federal Reserve Chairman Kevin Warsh implements measures to curtail so-called forward guidance — or how the Fed signals its future rate moves — investors are largely expecting an increase in interest rates in the months ahead. The central bank has kept rates on hold all year as officials deliberated next steps with inflation remaining well…
Federal Reserve Chairman Kevin Warsh concludes a news conference after a meeting of the Federal Open Market Committee, June 17, 2026. Tom Williams | CQ-Roll Call, Inc. | Getty Images The Federal Reserve is expected to hold interest rates unchanged at its upcoming July meeting — as higher energy prices and renewed tensions with Iran have complicated the picture for…
President Donald Trump speaks at the launch of Trump investment accounts in the Oval Office of the White House in Washington, July 6, 2026. Mandel Ngan | Afp | Getty Images Following a massive publicity push in the lead-up to the official launch of Trump Accounts on July 4, more than 6 million American children…
A customer shops for produce in an H-E-B grocery store in Austin, Texas, May 11, 2026. Brandon Bell | Getty Images Consumer prices rose in May, pushing the annual inflation rate to its highest level in three years, according to new government data. That points to a 4.7% Social Security cost-of-living adjustment for 2027, according…
Cars line up outside a food pantry in North Carolina, April 3, 2026. Lindsey Nicholson | UCG | Universal Images Group | Getty Images Consumers are facing price pressures as the costs of groceries and gas rise. The pace of inflation is expected to increase in the coming months, according to the Survey of Professional…
The so-called K-shaped economy is now linked to “a remarkable increase in food insecurity,” according to a new blog post by the Federal Reserve Bank of New York. Large segments of the population are facing high levels of financial strain, according to a post published on Wednesday, based on data from the Survey of Consumer Expectations. Among this…
A man walks by the dairy section at a supermarket in Houston, Texas, on March 17, 2026. Ronaldo Schemidt | AFP | Getty Images New government data showing rising inflation points to a higher Social Security cost-of-living adjustment for 2027, according to new forecasts. The Social Security COLA may be 4.2% amid “sharply rising” gasoline,…
The so-called K-shaped economy is becoming more pronounced, new data shows. In the aftermath of the Covid pandemic, the K has been used to illustrate Americans’ diverging economic experiences: Higher-income households are increasingly better off, while lower-income households are falling further behind. A new report by credit reporting bureau TransUnion found that while credit conditions have improved…
