Daily Archives: August 9, 2025

Americans more reactive about finances as planner numbers drop to 40%

‘Talk Money to Me’ author Jason Tartick joins ‘The Big Money Show’ to discuss his new book, shedding light on the importance of discussing your finances with your partner.  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% […]

Study reveals retirement costs without Social Security across states

Ramsey Solutions financial expert George Kamel weighs in on Americans working past retirement age and provides advice for investors. 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 […]

FICO to include buy now, pay later data in new credit score models

Micah Abigail CEO, founder and financial influencer Micah Smith speaks with Fox News Digital about the quiet credit crisis crippling finances and how to fix it. 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 […]

How Trump’s tax bill will affect your money

President Donald Trump’s “big, beautiful bill” cleared the House and is making its way through the Senate.  Still, critics point out the bill, which is over 1,000 pages, will add trillions to what is already ballooning government debt hovering at $36 trillion and deficits. However, U.S. Treasury Secretary Scott Bessent believes this can be managed.  […]

Americans now view this figure as the benchmark for being wealthy

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 “Modern Wealth Survey” that Americans now view $2.3 million as the benchmark for counting […]

Americans increasingly abandon financial planning as economic pressures mount

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 gone down compared to the roughly half who tackled their personal finances that […]

Retirement account balances dip in 1st quarter, but savers keep contributing

Retirement account balances dipped in the first quarter due to stock market turbulence. Still, people kept socking away money for their retirement, according to new data from Fidelity Investments.  The financial services company analyzed more than 50 million retirement accounts, finding that the average balances of 401(k), IRA and 403(b) accounts all saw small declines […]

Fed holds interest rate steady as it waits to see impact of tariffs

The Federal Reserve is keeping rates steady at its targeted range of 4% to 4.25% and is waiting to see how President Donald Trump’s administration’s tariffs will impact the economy. For now, Federal Reserve Chair Jerome Powell said that the central bank is in the right place to monitor the impact tariffs will have on […]

Expert debunks common social media myths about saving, debt and buy now pay later

Managing one’s finances can be challenging, especially when faced with conflicting — and often wrong — information fed to people, especially on social media.  Buying into common misconceptions surrounding money can be harmful, putting someone on their back foot when it comes to financial health.  Jonathan Kim, a personal finance expert and the head of […]