Latest articles by Kathryn Pomroy
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Luxury Home Prices Rise as the Rich Dodge High Mortgage Rates
Luxury home prices rose 9% to the highest third-quarter level on record, Redfin reports, growing nearly three times faster than non-luxury prices.
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75% of Holiday Travelers Are Cutting Back. Are You?
Over 75% of holiday travelers are adjusting their plans for Thanksgiving, Hanukkah, Christmas and New Year's, due to inflation and pricing pressures, Bankrate survey shows.
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Want to Feel Better About Life Insurance? Go Digital
Customer satisfaction with life insurance and annuity products picks up substantially when participants go digital, J.D. Power survey shows.
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Most Americans Expect To Outlive Their Money In Retirement. Will You?
Retirees and those 50 and up fear declining finances in older age, report shows. Less than 20% expect to maintain a comfortable lifestyle in retirement.
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Households Less Optimistic About Finances
Many households say their financial outlook is worse than it was a year ago, according to a recent Federal Reserve Bank of New York survey.
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Most Americans Haven't Had a Raise In 3 Years
Wages have been stuck on neutral over the last 3 years for most Americans, according to a new study.
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Credit Card Debt Increases By State
Americans now have over $1.2 trillion in credit card debt. California and Texas lead the charge for states with the biggest quarter-over-quarter jump.
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Landlords Asking Near-Record Rents, But Offering Deals, Study Shows
Landlords are asking near-record rents in August, but are also offering some concessions, a Redfin study shows.
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Americans Are Running Through Pandemic Savings, Study Shows
Households are quickly depleting the excess savings they built up during the recession, Federal Reserve study shows.
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Online Banking Site Launched for U.S. Soldiers
A community bank joins forces with a financial technology startup to serve military members.
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3.5 Million People Lost Millionaire Status Last Year
Despite a loss in how many millionaires there are, the number of millionaires is expected to hit 86 million by 2027, a study shows.
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More Online Shoppers Opt for Grocery Order Pickup Over Delivery
As shoppers prioritize costs over convenience, online grocery sales fell 7% year-over-year in July, survey shows.
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Look Out for These Scams Tricking You Out of Money on Zelle and PayPal
The FTC issued a warning about a scam involving fake job offers.
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Mastercard Blocks Debit Card Purchases of Cannabis on Its Network
The move is 'another nail in the coffin,' Reepher CEO says.
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Target Expands Starbucks Food and Drink Curbside Pickup Service
Begun last year, the service will extend to more than 1,700 stores by October.
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DoorDash Partners With Staples for Back-to-School Delivery
Nearly 1,000 Staples stores are available on the delivery platform’s marketplace.
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Military Veterans Susceptible to Scams and Fraud, Study Finds
PACT Act claims filed by Aug. 9 may receive backdated benefits.
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Workers Continue to Favor 401(k) Plans Amid Economic Worries
Inflation and market volatility are seen as obstacles to saving for a comfortable retirement, study shows.
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Alaska Ranks No. 1 As State With Highest Credit Card Debt
U.S. consumers are carrying Over $1 trillion in credit card debt, study shows.
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Fiserv Rewards Points Now Redeemable in Amazon Shop Program
More than 200 financial institutions enrolled in uChoose are eligible to participate.
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Banks Tighten Lending Standards As Demand Wanes
Consumer and business loans are becoming harder to get.
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Home Depot Says It Can Manage Despite Yellow Trucking’s Shutdown
Plans are always in place for potential supply chain disruptions, Big Box retailer says.
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Biden Targets Hidden ‘Junk Fees’ to Lower Costs for Renters
Major online rental platforms agree to show the total cost of units, not just the rent.
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New SEC Rules Aim to Curb Investor Costs When Companies Are Hacked
Publicly traded companies would need to disclose cybersecurity breaches in 4 days
