The era of easy returns came to a screeching halt in 2022.
Sarah Pfefferle had already saved $16,000 for her future home by the time she was 18. Then she started using buy-now, pay-later products and “ruined everything.”
After a record surge in housing costs and ballooning expenses for everything from food to energy, America’s renters have had enough.
Countries from Costa Rica to Croatia are betting that remote work is here to stay, competing to host digital nomads even as more employers push for a return to office.
When Naeche Vincent’s employer told her she had to start coming to the office last year, she decided to make a TikTok video about preparing to step foot inside the Wall Street investment bank for the first time.
Goldman Sachs Group Inc.’s consumer bank Marcus is offering the highest interest rate for its high-yield savings account since the pandemic began.
Homebuyers may eye the sudden dip in US mortgage rates as a welcome opening. But with sellers starting to cut prices, experts say the market cooldown is just beginning.
Mortgage rates in the US surged the most in more than three decades, ratcheting up pressure on would-be homebuyers and cooling the housing market.
Even as the US real estate market shows signs of cooling, inflation and higher interest rates are making it difficult for young house hunters to buy properties — at least on their own.
High schoolers and their parents are increasingly questioning whether a traditional four-year college education is the right financial decision, with rising costs often resulting in crippling student-loan debt.
With the average U.S. mortgage rate above 5% and home prices at record highs, homeownership feels increasingly out of reach, particularly for young, first-time buyers. To make it work, some are renting out rooms or basements and using the extra income to help offset their costs.
The much-awaited easing of Covid cases and restrictions is coinciding with a jump in jet-fuel costs, as Russia’s invasion of Ukraine prompted the U.S. to ban imports of Russian crude and pushed oil prices as high as $130 a barrel. That, plus higher demand for trips, means airline-ticket costs are increasing for consumers, many of whom are already facing higher prices in areas like groceries, gas and rent payments.
The war bonds pay 11%, even higher than the ultra-popular U.S. inflation-protected debt that earns 7.12%. But unlike those American savings bonds, Ukraine’s debt comes with significant risk as Russia proceeds with its invasion of the country. Some retail investors are willing to take on that risk — and earn that double-digit payout — but right now that’s easier said than done.
