Category: Personal Finance News
Stay ahead of the curve with the latest personal finance news. Our team of financial experts curates the latest news, trends, and analyses impacting your money. We’ll keep you informed on the stories that matter most to your financial well-being.
Personal Finance News
Personal Finance News
Robinhood Partners with Capitalize for IRA Rollover Feature
In January, the popular investment app Robinhood officially introduced its IRA program Robinhood Retirement. Now, ahead of this year's tax deadline, the company has announced a partnership with Capitalize that will make it easier for customers to transfer their existing IRAs and 401(k)s over to the platform. As a result of the partnership, Robinhood Retirement users will be able to find legacy 401(k) accounts and roll them over into a...
Personal Finance News
Average Consumer Spends 42% on Income on Household Bills
When Americans bring home their paychecks, how much of that money is immediately spoken for? That's exactly what a new report from Doxo shows. The data shows that the average household in the United States spends a total of $29,459 per year on household bills. This amounts to 42% of their income. According to the report, Americans spend a total of $3.87 billion per year on household bills. Of that,...
Personal Finance News
Personal Capital Rebranding to Empower Later This Week
The popular finance tracking platform Personal Capital is prepping for change this week. In an email to customers, the service revealed that it will be changing its name to Empower — matching the name of its parent company. In turn, the platform's savings account Personal Capital Cash will now be known as Empower Personal Cash. Despite these changes, the platform states that it will continue to be free and the features...
Personal Finance News
Amazon Closing Its AmazonSmile Charitable Giving Program
In some bad news for Amazon customers and non-profit organizations alike, the online retail giant has announced that it's ending its AmazonSmile service. According to an email sent to customers, the program will be wound down by February 20th. Instead, the company says it will focus on some of its other philanthropic efforts including its Housing Equity Fund, its Community Delivery Program, Amazon Disaster Relief, and more along with continuing...
Personal Finance News
Survey: Americans Lose Average of $1,819 to Financial Illiteracy
How does a deficit in financial education impact the wallets of Americans? A recent survey conducted by the National Financial Educators Council (NFEC) asked more than 3,000 consumers, "During the past year, about how much money do you think you lost because you lacked knowledge about personal finances?” The majority (61.8%) reported losing between $0 and $499 due to their financial illiteracy. However, 15% said that they'd missed out on...
Personal Finance News
NerdWallet Names Best Banking Products, Credit Cards for 2023
With the holiday season in the rearview and 2023 now officially underway, many Americans may be taking a closer look at their finances — especially after the spending and traveling that comes with the holidays. As that happens, the site NerdWallet has just announced its "Best-Of Awards," highlighting the top banking products and credit cards across a number of categories. And while some victories were to be expected, there were...
Personal Finance News
