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The Latest Breaking News from Bankrate

The best place for Gen Z to start a career isn’t in NYC or L.A.—it’s in the South

Southern cities are edging out traditional hot spots as the best place for young professionals to launch their careers.

Fortune

Bankrate: What the Fed’s June rate pause means for homebuyers and sellers

The Federal Reserve is taking a break from its war on inflation. After raising rates 10 times in 10 meetings in 2022 and 2023, the central bank made no change during its latest meeting. Fed Chairman Jerome Powell announced no further increase in the federal funds rate on June 14…

Tribune News Service

America has failed millennials so badly they're turning to $1,000-per-month side hustles to make ends meet

Combating inflation means taking on a side hustle for two in five U.S. adults. Gen Z and millennials are the most likely to have one.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

Tipping onslaught pushes some consumers to close their wallets

"It's gotten noticeably worse in the past year."

Axios

Inflation Causes Drivers to Switch Car Insurance Carriers

In a recent survey, 57% of drivers claimed their car insurance rate went up in the last 12 months, causing them to switch insurance carriers.

Kiplinger

Bankrate: Mortgage rate lock: What it is and when to lock

If you’ve been comparing mortgage rates, you’ve already encountered one reality about the process of buying a home or refinancing: What you see today might be gone tomorrow. While interest rates change all the time, a mortgage rate lock ensures the rate on your mortgage stays the same, from the…

Tribune News Service

Bankrate: These fintechs are automating the budgeting process

While not a bank in the traditional sense, Oportun — formerly known as Digit — is offering a new way for consumers to do their banking that integrates artificial intelligence (AI) technology. Customers link their bills and credit cards, and Oportun’s algorithms determine how much should be allocated to each…

Tribune News Service

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Gen Z and millennials say social media is pressuring them to buy what they can’t afford

TikTok can hurt your brain and your wallet.

Fortune

Bankrate: Existing-home sales, prices decline again

The housing market remained soft in April, a new report by the National Association of Realtors (NAR) shows. Sales of existing homes — previously occupied properties, rather than newly built homes — resumed their long downward slide. The number of sales in April was off 3.4% from last month and…

Tribune News Service

Latest mortgage news: Rates keep climbing

The Federal Reserve raised interest rates again in early May, and mortgage rates have responded by climbing. The average interest rate on 30-year mortgages rose to 6.66% this week, up from 6.58% last week, according to Bankrate’s national survey of large lenders.

Tribune News Service

Millennials and homebuying: Real estate adapts to the largest generation

Millennials are the largest generation in the U.S., and everyone has been expecting members of this massive demographic cohort to reshape the housing market. So far, however, it hasn’t quite happened.

Tribune News Service

Don't Let Your Finances Control Your Mental Wellbeing — Here's How

Over half of U.S. adults claimed money had a negative impact on their mental health. Here's how to feel in control.

Kiplinger

The Pros of Investing in These 3 Gold Stocks in the Current Economic Climate

Gold is considered the ultimate safe-haven hedge against inflation as its value tends to rise in an uncertain economy. Recently, gold prices crossed the $2,000 level and a record high is in sight. Amid a volatile economic backdrop, investors could buy quality gold stocks Endeavour Mining (EDVMF), B2Gold (BTG), and…

StockNews.com

What the Fed's Latest Move May Mean For Savings Accounts

On Wednesday, the Federal Reserve raised rates yet again. Here’s what you need to know about the Fed’s impact on savings rates.

Kiplinger

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Fortune

Wedding guest are spending over $600 per wedding in 2023

Between travel, accommodations, attire, grooming, and gifts, wedding guests are shelling out hundreds to witness the big day.

Kiplinger

When Different Generations Think Kids Should Start Paying Their Own Bills

A new survey shows generations think differently about when kids should start paying their own bills.

Kiplinger

What Financial Infidelity Is - And How to Avoid Problems

Nearly one in four Americans are keeping money-related secrets from their partners.

The Independent UK

Bank rates are up. How to avoid leaving money on the table

After years of paying low rates for savers, banks are finally offering better interest on deposits

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news in one place.

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Tribune News Service

How to set your investment goals

More than half of American workers say they’re behind on saving for retirement, according to a recent Bankrate survey. For many people, retirement is the ultimate financial goal, so why do so many fall short? One reason may be a failure to set clear investment goals and stick with them…

Kiplinger

Saving vs. Investing: Which Is Best?

Saving and investing are both key parts of a solid financial plan, so it's worth considering what is best for you.

Kiplinger

CD vs. High-Yield Savings Account: Which is Better?

Deciding between a CD and a high-yield savings account? Here's how to choose based on your savings goals.

Kiplinger

Find the Best 30-Year Mortgage Rates Today

See current mortgage rates and what is driving changes now.

Fortune

America's young adults are so broke they’re ruining their parents’ retirements

A majority of U.S. parents have made financial sacrifices to help their adult children, but it could backfire.

Tribune News Service

56% of workers plan to look for a job in the next 12 months, survey says

Last year, as part of the “Great Resignation,” many workers were looking for new jobs with better pay and flexibility. This year, more workers are seeking new jobs than in 2022: More than half (56 percent) of the workforce is likely to look for a new job in the next…

Kiplinger

Best No-Penalty CD Rates: Lock in Rates at 4%

No-penalty CDs provide a high return while giving you the flexibility to access your cash whenever needed. Check out Kiplinger's top choices.

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