Latest Personal finance News

Editorial Roundup: New York

Jun. 13, 2024 07:11 AM EDT

New York Post. June 12, 2024. Editorial: New York is about to make its high school diplomas worse than useless The State Education Department just announced that it plans to make the value of a New York high school diploma worthless. Parents should be...

Credit card delinquencies are rising. Here's what to do if you're at risk

Jun. 08, 2024 12:52 PM EDT

NEW YORK (AP) — Seriously overdue credit card debt is at the highest level in more than a decade, and people 35 and under are struggling more than other age groups to pay their bills. The share of credit card debt that’s severely delinquent, defined as being more than 90 days...

Borrowers, especially the young, struggle with credit card debt in potentially bad sign for economy

Jun. 06, 2024 09:33 AM EDT

NEW YORK (AP) — Consumers are increasingly struggling to pay their credit card bills, raising concerns about severe delinquencies spiraling and sapping consumer spending. The share of credit card debt that's more than 90 days overdue rose to 10.7% during the first quarter, a...

Governor halts plan to charge most drivers entering Manhattan $15 for transit and traffic fixes

Jun. 05, 2024 17:01 PM EDT

NEW YORK (AP) — New York Gov. Kathy Hochul halted a plan to charge most motorists $15 to enter the core of Manhattan, upending the nation’s first “congestion pricing” system on Wednesday just weeks before it was set to launch. The announcement dealt a stunning blow to a...

US economic growth last quarter is revised down from 1.6% rate to 1.3%, but consumers kept spending

May. 30, 2024 19:48 PM EDT

WASHINGTON (AP) — The U.S. economy grew at a sluggish 1.3% annual pace from January through March, the weakest quarterly rate since the spring of 2022, the government said Thursday in a downgrade from its previous estimate. Consumer spending rose but at a slower pace than previously thought, a...

The Fed indicated rates will remain higher for longer. What does that mean for you?

May. 29, 2024 11:38 AM EDT

NEW YORK (AP) — Mortgage rates, credit card rates, auto loan rates, and business loans with variable rates will all likely maintain their highs, with consequences for consumer spending, after the Federal Reserve indicated Wednesday that it doesn’t plan to cut interest rates until it has...

More people make 'no-buy year' pledges as overspending or climate worries catch up with them

May. 28, 2024 17:28 PM EDT

NEW YORK (AP) — A 35-year-old Brooklyn resident gave up buying new clothes. A 22-year old in San Diego swore off retail therapy at Target. A 26-year old in England banned carbonated drinks from her shopping list. These three women, who don’t know each other, all started the year...

Tempted to try a no-buy year? Here are tips from people doing it

May. 28, 2024 07:44 AM EDT

NEW YORK (AP) — The rules of a no-buy challenge are self-imposed and simple: Make a list of the non-essential items you won't spend money on for a set period of time and stick to it. Easier said than done. Many people start such challenges at the beginning of the year and commit...

Kimberly Palmer: How to escape from a money rut

Apr. 22, 2024 07:06 AM EDT

Sometimes, climbing out of a money rut starts with a pep talk — to yourself. “I like affirmations and speaking out loud,” says Giovanna Gonzalez, a financial educator and author of “Cultura & Cash.” Her favorite affirmations are statements like, “I am not a reflection...

Kate Ashford: Retirement could come sooner than you think — how to plan for it

Apr. 15, 2024 09:59 AM EDT

NEW YORK (AP) — American workers expect to retire at a median age of 65, according to a 2023 survey from the Employee Benefit Research Institute, or EBRI. But the actual median age for retirement is 62, the survey found. That may not seem like a big gap, but if you retire three...