Gen Z has seen its credit scores drop more than any other generation over the past year, largely because of student loan debt, according to a new report out this week. The total national average credit score dropped two points this year to 715, according to the report from credit scoring company FICO. But Gen Z’s average … Read more
If you think you can’t afford to summer in Europe, think again. An American woman says she spent 55 days traveling across the continent in July and August — and her total spend was lower than what she’d pay for rent back in Los Angeles. Monae Hendrickson, 29, revealed in a viral TikTok video that … Read more
All gains, baby. Gold prices have soared to historic levels, so if you bought one of the coveted Costco gold bars last year — you’ve already made a nice profit. On Wednesday, an ounce of gold was worth $3,549 before dipping slightly to $3,557 on Thursday, according to Fox News. That’s roughly a 42% increase, … Read more
DEAR ABBY: My husband and I are in our 50s. For several months, I have been struggling with an issue I have with my mom. She constantly asks me how much my annual income is and how much my husband makes. In the 20-plus years we have been married, we have never asked to borrow … Read more
A woman so poor she lived off free food samples from a local gas station and only used candlelight — revealed the three things she’s done to turn her finances around and save $44K in three-and-a-half years. Reyjka Elle, 32, grew up in poverty and fell into even harder times when she had to begin … Read more
A new era of dating? America’s younger singles are banking on love in more ways than one, as traditional financial expectations may be losing ground. A new survey of 2,000 singles or casual daters, split evenly by generation and region, revealed that 42% of baby boomers and 45% of Gen X still abide by tradition … Read more
The soaring cost of living and financial pressures on families have forced six in 10 parents into debt to provide for their children. That’s according to a survey of 2,000 parents of children aged 0–18, which examined the economic challenges and mounting debt families across America are facing. Sixty-three percent of parents in debt admitted … Read more
The “snowball method” is going viral on TikTok, with its creator claiming it’s the fastest way to pay down debt. Dave Ramsey, the famed finance expert who is the brains behind the budgeting hack, explained that the method is designed to build momentum in the same way as a snowball being rolled downhill. To start, … Read more
You may have struck gold — quite literally. Costco customers who purchased a gold bar last year are now finding the item soaring in value thanks to increased demand. Since the retail company began selling these bars in 2023, they’ve been a draw for customers, as investors historically tend to turn to gold during times … Read more
Only one in 10 Americans currently feels “very good” about their financial situation, according to new research. The survey of 2,000 general population Americans asked respondents how they’re feeling about their finances right now — 13% feel “very good” and 28% feel “somewhat good.” But respondents are trying to be smart about their money: 84% … Read more
Call them the number-crunching comeback kids. While baby boomers are clocking out of the accounting profession in droves — with 340,000 ditching the gig in just five years — Gen Z is jumping into the spreadsheet saddle, giving the so-called “boring” career a serious glow-up. Faced with a major talent shortage, the field is getting … Read more
A young mom has revealed how her life has been “turned upside down” after the tragic loss of her fiance, who recently died by suicide while struggling with cost-of-living pressures. Rachel Keily, 33, said her partner of seven years, Matt Worrall, lived with mental health challenges. But after silently battling with “financial stress,” Worrall took … Read more
Meghan Markle is opening her pocketbook and diving head-first into the menopause market. The Duchess of Sussex, 43, has reportedly made an angel investment in a women’s health start-up company, Midi Health, that’s favored among the Hollywood elite. The “Suits” alum in March joined an impressive roster of female investors in the healthcare startup, including … Read more
As Generation X continues getting closer to retirement, some have less than rosy views about their retirement prospects, according to a recently released nonprobability-based study from Fidelity Investments. Fidelity Investments found in the latest edition of its annual “State of Retirement Planning” study that 45% of Gen Xers — those between the ages of 44 and 59 … Read more
Eat now — pay later. DoorDash is partnering with Klarna — the buy now, pay later company — to offer customers the opportunity to finance their food and other retail purchases. In the coming months, when customers check out, they will be able to choose a payment option when purchasing groceries, other retail goods and … Read more
New year, new habits. Shannon McLay, the CEO of financial planning service The Financial Gym, is shaeing the one spending habit that people should break in 2025. Emphasizing “mindfulness,” the money guru says it’s time to delete easy payment apps off your smartphone, which allow you to make thoughtless purchases with just the click of … Read more
The kids are not alright. Zooming into adulthood — becoming autonomous, moving out of mom and dad’s, landing their first big girl or big boy jobs — all once sounded like a sweet fantasy to the youngsters of Gen Z. But now that they’re in it, Zoomers are fast feeling like their dream life of independence is … Read more
With the continued surge of living costs, hospitality experts are reporting an increase in diners seeking affordable venues that offer “high-quality meals that don’t break the bank.” James Sun, owner and director of all-you-can-eat restaurants Butchers Buffet and Gyuniku in Sydney’s CBD, said the appeal of a buffet is that people know what they’re getting … Read more
TikTok isn’t just for showing off your dance moves. Financial TikTok users have gained 42 pieces of financial knowledge from the platform throughout 2024, according to new research. The survey polled 2,000 Americans who use FinTok — the financial side of TikTok — split evenly by generation. According to the results, the younger generations are … Read more
Gen Z is far off from cashing in on their dreams of financial success. The “Secret to Success” study published by Empower revealed Gen Z has an inflated sense of what salary they need to make to be considered successful — and they don’t want money for the reasons you think. The “Secret to Success” study … Read more