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Americans more reactive about finances as planner numbers drop to 40%
How people tackle their finances can vary but, according to new research from PYMNTS, there are two ways that are most common. PYMNTS found just 40% of American consumers are “planners,” meaning their strategy for money had more foresight. That figure has…
Study reveals retirement costs without Social Security across states
Retirement remains top of mind for many Americans, whether they are approaching their so-called “golden years” or have many years to go before leaving the workforce. How much money a person needs to have saved to retire without financial stress is an…
FICO to include buy now, pay later data in new credit score models
FICO said on Monday that it is going to incorporate buy now, pay later (BNPL) data into credit scores as the payment method surges in popularity. The FICO Score 10 BNPL and FICO Score 10 T BNPL will be the first credit scores from a leading credit scoring…
Treasury announces $6B buyback of 10-year notes and 20-year bonds
The Treasury Department on Wednesday revealed that it will buy back up as much as $6 billion in longer-dated U.S. debt in an operation this week. The agency’s Bureau of the Fiscal Service announced that it will purchase up to $6 billion in 10-year notes and…
Americans now say $2.3 million net worth makes you wealthy, survey finds
The average net worth that Americans feel is needed to qualify as wealthy has surprisingly declined, compared to last year, though it is still an eye-popping figure, Charles Schwab found. The financial services company said in the latest edition of its…
AI financial advisers may soon outperform humans in wealth management decisions
For decades, Americans were given the same advice about money: Find a good financial adviser. Trust the person, not just the process. That model worked when markets were simpler, tax laws changed more slowly, statements arrived quarterly and financial…
Jobs market may determine if credit scores continue declining in 2026
A strong credit score can be the key to major financial purchases and affordable loans, but some states saw notable declines that created a “perfect storm” for Americans’ wallets, according to a credit repair expert. On Thursday, WalletHub released its list…
Tax-efficient Diversification Techniques | Fox Business
Investors are increasingly focused on not just how they invest their money but also how they can optimize their after-tax investment outcomes. Allspring Global Investments is dedicated to helping investors navigate the evolving tax and estate planning…
ETFs or mutual funds? How to choose in today’s market
As more Americans take a hands-on approach to their finances, many are weighing whether to invest in exchange-traded funds (ETFs) or mutual funds. Both offer a simple way to build a diversified portfolio of stocks or bonds, and at their core, the two…
Here’s what happens when you dispute a credit card charge
You have 60 days from your credit card statement date to dispute a charge. After that, the protection disappears. If you’ve ever spotted a charge you didn’t recognize and done nothing about it, here’s what you missed, and what to do next time. What qualifies…
Five money mistakes Americans make in their 30s and 40s: expert
Americans are facing mounting financial pressure, but even small changes to everyday habits could make a major impact on long-term wealth, one expert says. Nearly three-quarters of Americans failed to meet their savings and spending goals last year, according…
Gen X can’t retire on time as inflation outpaces wages, survey finds
For the generation that should be in its “peak savings years,” the prospect of retiring on time has shifted from a plan to a prayer. A newly released Employee Financial Wellness Survey by PwC found that nearly 50% of Gen X employees are pushing back their…