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.
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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…
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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…
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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…
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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…
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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…
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2022 Holiday Debt Reaches Record High in LendingTree Survey
With the holiday shopping season now in the rearview and the New Year just ahead, an annual survey from LendingTree is assessing the damage done to consumers’ debt load over the course of the season. First, although the survey found that slightly fewer Americans took on holiday debt this year compared to last (35% of…
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Majority of Americans Found 2022 to Be Economically Difficult
With 2022 coming to a close, many are now looking ahead to the new year. Unfortunately, it seems that some consumers have had a rough financial year that’s left them pessimistic about what’s ahead. According to Slickdeals’ survey of more than 2,000 Americans, 58% of respondents described 2022 as being “economically difficult.” This was a…
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Survey Finds Majority of Millennials Willing to Change Banks
As the year comes to a close and Americans set resolutions, it looks as though a number of consumers will be seeking a new banking account in 2023. A recent survey conducted by the FinTech M1 found that 71% of Millennials surveyed would consider changing their primary bank in order to receive a higher annual…
