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Author: Medora Lee, USA TODAY

News

Why Americans plan to take Social Security earlier, and even leave retirement money behind

August 8, 2023August 8, 2023Medora Lee, USA TODAYComments Off on Why Americans plan to take Social Security earlier, and even leave retirement money behind

More Americans plan to claim Social Security benefits for retirement earlier than later, even if it means leaving money behind. Here’s why.

Money

Electricity bills soar as extreme heat bakes the US. How you can lower your utility costs.

August 8, 2023August 8, 2023Medora Lee, USA TODAYComments Off on Electricity bills soar as extreme heat bakes the US. How you can lower your utility costs.

Electric bills surge as Americans turn to AC to survive the heat. Many can’t afford to pay and now face possible shut off even as extreme heat lingers.

Money

Consumer credit grows at moderate pace as Fed rate hikes take hold.

August 7, 2023Medora Lee, USA TODAYComments Off on Consumer credit grows at moderate pace as Fed rate hikes take hold.

Consumer credit rose in June but at a slower pace, Fed data showed. Some economists wonder how much longer consumers can carry the economy.

Money

A simpler FAFSA is coming for the 2024-25 school year. Here’s what to expect.

August 6, 2023August 6, 2023Medora Lee, USA TODAYComments Off on A simpler FAFSA is coming for the 2024-25 school year. Here’s what to expect.

FAFSA’s going to be easier to complete for the 2024-25 school year. Here’s what people can expect.

Money

How much money do you need to retire? Most Americans calculate $1.8 million, survey says.

August 2, 2023Medora Lee, USA TODAYComments Off on How much money do you need to retire? Most Americans calculate $1.8 million, survey says.

Americans, on average, believe they’ll need $1.8 million for retirement. Is that realistic, and how would they get there?

Money

Expenses beyond tuition add up. How college students should budget to stretch their money.

August 2, 2023Medora Lee, USA TODAYComments Off on Expenses beyond tuition add up. How college students should budget to stretch their money.

Everyday living expenses are a major obstacle to students earning degrees. Here’s what you need to know to budget for them.

Money

Back-to-school 2023 sales tax holidays: See which 17 states offer them.

July 28, 2023Medora Lee, USA TODAYComments Off on Back-to-school 2023 sales tax holidays: See which 17 states offer them.

Inflation may be easing, but back-to-school supplies are still pricey. These seventeen states are offering shoppers some relief with tax holidays.

Money

Gas prices up: Sticker shock hits pump as heat wave, oil prices push cost to 8-month high

July 28, 2023July 31, 2023Medora Lee, USA TODAYComments Off on Gas prices up: Sticker shock hits pump as heat wave, oil prices push cost to 8-month high

Gas prices hit 8-month high as nation’s heat wave slows down refineries and OPEC’s cuts and sanctions squeeze oil supply. Hurricanes remain wildcard.

Money

Why are Americans less interested in owning an EV? Cost and charging still play a part.

July 27, 2023July 28, 2023Medora Lee, USA TODAYComments Off on Why are Americans less interested in owning an EV? Cost and charging still play a part.

EV concerns have eased, but fewer people want to buy one, a survey shows. Low-income shoppers are most wary of costs and having places to charge.

Money

Another Fed rate increase may hurt borrowers, but savers might cheer. Here’s why.

July 26, 2023Medora Lee, USA TODAYComments Off on Another Fed rate increase may hurt borrowers, but savers might cheer. Here’s why.

Another 0.25 percentage point Fed rate hike could further squeeze weary consumers but give savers a boost. Stocks are up, but some remain cautious.

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