About 14% of all U.S. households make $200,000 or more per year, according to 2023 Census data. But a significant salary hasn’t translated to big account balances for some of these consumers — which experts have dubbed “HENRYs,” or “high earners, not rich yet.” Rising costs, debt and lifestyle creep can leave them feeling stuck,…
Westend61 | Westend61 | Getty Images Many engaged couples in the U.S. are relying on forms of credit to pay for their wedding. Experts say that approach can be smart, if done carefully. While 46% of surveyed newlyweds — couples who tied the knot within the past two years — used mostly savings to pay…
Ahead of next week’s Federal Reserve meeting, relations between President Donald Trump and Fed Chair Jerome Powell have hit a low. “Families are being hurt because Interest Rates are too high,” Trump wrote in a Truth Social post on Wednesday. Trump has said he wants the Fed to sharply lower interest rates by as much as 3 percentage points to…
A student student sits in a lecture hall while class is being dismissed at the University of Texas at Austin on February 22, 2024 in Austin, Texas. Brandon Bell | Getty Images What are the new repayment plan’s terms? RAP is what the Education Department calls an “income-driven repayment plan.” Congress created the first IDR…
Natalia Lebedinskaia | Moment | Getty Images As a Biden-era relief measure for federal student loan borrowers comes to an end, some people could see their bills more than double. Earlier this month, the Trump administration announced that the so-called SAVE interest-free payment pause will expire on Aug. 1, and that enrollees’ education debts will…
Ahead of the next Federal Reserve meeting later this month, tensions between the White House and the central bank have reached a fever pitch. On Wednesday, a senior White House official told CNBC and other news outlets that President Donald Trump was likely to soon fire Fed Chair Jerome Powell. Trump later denied those reports, although he said he…
President Donald Trump‘s massive tax and spending package will bring sweeping changes to federal student loans, in part by capping how much money people can borrow from the federal government to pay for college and graduate school. Among other measures, the legislation, which Trump has called the “one big, beautiful bill,” sets new limits for students and their…
Customers line up at the check out booth on April 18, 2025 at a Costco branch in Niantic, Connecticut. Robert Nickelsberg | Getty Images The annual inflation rate ticked higher in June, in line with expectations, as lower prices at the gasoline pump somewhat offset higher prices at the grocery store. Economists said they expect…
A variety of school supplies, including lunch boxes and backpacks in different colors and patterns, are on display for the upcoming school year. Deb Cohn-Orbach | UCG | Universal Images Group | Getty Images Although inflation is cooling, President Donald Trump’s new tariff rates are threatening to drive prices higher, which could leave some parents in a bind…
The “one big beautiful” tax-and-spending package President Donald Trump signed on Friday included several significant changes for higher education — among them, an increased tax on the endowment income of the nation’s top colleges. Instead of the existing flat 1.4% tax rate, there is now a new multi-tiered rate of up to 8%, with larger endowments subject…
