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129 articles found for "passive income"
Over 12 million Americans lost commercial insurance coverage for Wegovy and similar GLP-1 drugs in 2026 as states, employers, and Medicaid programs retreat from obesity treatment.
The New York Fed reports that American credit card balances hit $1.28 trillion in Q4 2025, the highest on record, as more than half of cardholders now rely on revolving debt to cover necessities like groceries and healthcare.
The U.S. Department of Education has delayed involuntary collections on defaulted student loans, including wage garnishment and tax refund offsets, as new repayment reforms under the Working Families Tax Cuts Act take shape.
The median American has only $600 in emergency savings according to new data, with 54% saving less due to inflation. Even among those earning over $100,000, more than 1 in 4 doubt they could cover a $2,000 emergency within a month.
Subprime auto loan delinquencies have reached 6.65% at 60+ days past due, the highest since the 1990s. Vehicle repossessions surged to 1.73 million last year as affordability pressures crush borrowers paying 21% interest on used car loans.
The University of Michigan's consumer sentiment index rose to 57.3 in February 2026, its third consecutive monthly increase. But the gains were driven entirely by households with stock market exposure while sentiment among non-investors remained at depressed levels.
The Federal Reserve has cut rates three times since September 2025, but the average credit card APR remains near 23%, barely budging from its all-time high. With Americans carrying $1.21 trillion in revolving debt, the disconnect is costing consumers billions.
The One Big Beautiful Bill Act eliminates Graduate PLUS loans entirely, caps Parent PLUS loans at $20,000 per year, and limits graduate student borrowing to $20,500 annually starting July 1, 2026.
Traders raised odds of a June Fed rate cut to 83% after January CPI cooled to 2.4%, its lowest since May 2025. The timing aligns with Jerome Powell's term ending in May and Kevin Warsh's expected takeover as Fed Chair.
The 10-year Treasury yield fell more than 5 basis points to 4.127% on Thursday, reversing the spike that followed Wednesday's strong jobs report, as the bond market repositioned ahead of Friday's delayed January CPI inflation data.
Treasury yields dipped Thursday as investors positioned for Friday's delayed January CPI report. The 10-year fell to 4.158% with economists expecting 0.3% monthly inflation.
Social Security's 2.8% COLA raised the average retirement benefit by $56 a month, but a $17.90 Medicare Part B premium increase is consuming nearly a third of the raise for most retirees.