Personal Finance News

The headline of this article is something you probably never expected to read. We’re going to level with you: we weren’t expecting it either. And yet, it’s a true statement. Atari is looking to launch a new console this coming fall, but along with it, a new form of cryptocurrency as well. The Atari VCS is supposed to be available come November, and players will be able to buy things for it using currency dubbed “Atari Tokens.” These tokens are in fact backed by Bitcoin.

If you’ve heard it once you’ve heard it a million times, but things aren’t getting any easier- that doesn’t mean things will get worse long term though. As my father and I rode together in my car to get takeout, donning our facemasks, asking one another if we each brought hand sanitizer, things for a moment seemed silly.

It wasn’t that long ago, so most everyone probably remembers the Reddit fueled Wall Street battle for GameStop that happened earlier this year. Thanks to very large number of people trying to bump up the chain’s value, GameStop’s stock value is actually ten times higher right now than it was at the beginning of 2021. One might think this was actually a good thing for the company, having good value after the debacle that was 2020, but unfortunately, this stock increase has very little to do with the actual performance of the business. This is made pretty clear by GameStop’s fourth quarter and 2020 fiscal year results.

Whether it’s not making any big purchases or foregoing a doctor’s visit, millennials and Generation Z are serious about becoming homeowners and making sacrifices to do so, according to Zillow.

As if Americans don’t have enough health and financial fears to deal with these days, the recently passed stimulus package has opened up a new opportunity for thieves and con artists to take advantage of Americans expecting this upcoming check to help carry the load.

There are two predictable things in this world- death and taxes. The one thing that no one seems to be predicting right now is the incredibly strange behavior by the stock market. One day we’re looking at Great Depression level drops, the next day we’re seeing all-time-high recoveries. In the midst of incredibly high levels of unemployment, we’re also seeing an investor field day. So for your everyday, middle-class investor, how should you feel about what’s going on? Fearful? Brave?

The minutes -- from the FOMC's January 28-29 meeting -- were seen as supportive of loose monetary policy. Stocks and futures rallied as a result.   Several Fed policymakers provided commentary on the Coronavirus outbreak that -- at the time -- was mostly contained to mainland China. Fed President Patrick Harker stated, "if the situation gets significantly worse, and we start to see a significant impact on the U.S. economy, then we'd have to think about accommodation." Fed Chair Jerome Powell said that the Fed would act "as appropriate."

The recently released annual “State of Credit” report by Experian shows that the U.S. may be headed into the worst recession in 80 years....

Students just getting into college have already declared their majors, but it’s not uncommon for them to change their minds more than once during their course of study.Some change due to the outlook of their chosen profession, whether they can make money or if they place they want to live even offers a career path for them. “The Occupational Outlook Handbook” puts out the top 100 jobs each year that are not only growing in their hiring capacity but the expected salary and wages someone can expect to earn. Here’s the top 10 fastest growing occupations as listed by “The Occupational Outlook Handbook.”

As Social Security among young people is treated as a pipe dream and more and more Americans nearing retirement age don’t seem to see a financial rainbow at the end of career tunnel, many conservative spenders and savers across the nation wonder why they haven’t seen the wealth accumulation from years of hard work result in something larger. So what gives? CNBC’s Jill Cornfield explains exactly why you’re so far off from the retirement track of your dreams, and the answer why is pretty obvious. “Savings alone can’t get you there,” writes Cornfield, “investing can.”

Across the country, millions of Americans are facing what is being considered the worst financial (not including health) crisis of their lifetime. After a four-year bull market and record low unemployment, now many are worrying as to how they will be able to pay their rent, provide for their families, and a whole list of other stresses brought about primarily by factors outside of their control.

According to Nitro College, a research group that provides insights on student loan debt, the cost of higher education has risen three times faster...

The current total debt for student loans has surpassed $1 trillion with the average student borrower in 2017 holding more than $30,000 in student loan debt. As of March 2019, more than 43 million American had student loans. According to a recent study by Pew Trusts, one-fourth of those borrowing default on their loans within five years of entering repayment.

For millions of Americans, the $1,200 stimulus check many received was just not enough to get by, especially as many states and cities are extending their lockdown requirements from just a few weeks to as far as several more months. This means the need for cash on hand may matter more now than it did even several months ago. With the world’s most booming economy halting even longer, there are very serious discussions about a second wave of stimulus checks coming your way.

The average U.S. woman has a better credit score than her male counterpart — with an average of four points more, according to the...

Scammers are always looking for new targets, and even though we are in the midst of a global crisis caused by the coronavirus pandemic, scammers are still looking to do what they do best- take advantage of people’s good intentions and even their fears, and use it to steal their money.

Interest rates remain low, and homeowners in the United States are taking advantage. On Tuesday, the Federal Reserve announced that the mortgage origination volume in the final quarter of 2019 surged to $752 billion. That represents the highest level since 2005 and a nearly 50% increase over the $528 billion recorded in the third quarter of 2019.