On Wednesday, May 4, 2022, the Federal Reserve Bank announced they will be raising interest rates by a half-point. The rising rates have been at their highest point in more than 20 years, and the increased rates have caused the stock market to go into a frenzy, with the S&P 500 dropping by 3.5% the following day.
by Matin VarshochiThe ongoing COVID-19 pandemic halted and slowed down international travel demand. Now that many travel restrictions have been removed or loosened, leisure travel has increased.
by Matin VarshochiBiden Administration announced that federal student loan payments had been paused, again, until August 31, 2022. Although this is the sixth extension, it is essential to look at different ways to begin paying off student loans.
by Sheena AllenMany people believe you have to spend a lot of money to give yourself a little TLC (Tender Loving Care). However, there are many frugal things that you can leverage to pamper yourself on a budget.
by nisiar smithOn March 18, 2022, the three credit reporting agencies, Equifax, Experian, and TransUnion, have announced users’ medical collection debt will be removed from their credit reports if they have been paid.
by Sheena AllenDue to COVID-19, everyday items have begun rising in price. For example, according to a report released by the Bureau of Labor Statistics, certified pre-owned cars have raised in price by 41.2%.
by Matin VarshochiDuring the COVID-19 pandemic, there was high economic turmoil. To help keep the economy going, the Federal Open Market Committee (FOMC) determined that it was a good idea to lower interest rates to an all-time low.
by Nailah HerbertThe COVID-19 pandemic caused times of financial hardships for the majority of people. As some were forced to work remotely or were left out of a job, it became increasingly difficult for some to accommodate their living expenses.
by Nailah HerbertThe rise in the number of jobs available caused the unemployment rate to drop to 3.8 percent, down from 6.2 percent in February 2021. As the unemployment rate continues to decline and more people can find jobs.
by Nailah HerbertThe future of the metaverse changes the way we socialize, work, and communicate. The metaverse offers a variety of ways to be able to put money in your bank account.
by Sha'Kreshia TerrellLast year inflation took a giant leap as consumer prices rose in many prominent United States metropolitan areas. However, Atlanta has seen the highest inflation rates on goods and services, increasing around 9.8 percent since 2021.
by Nailah HerbertThe coronavirus pandemic exposed the dire need for people to access inclusive financial services, mainly since the pandemic has caused people to scramble to obtain funds for their essential needs.
by Sheena AllenThe COVID-19 pandemic brought a temporary break to the increase in rent. However, with the economy slowly beginning to open up again, many landlords across the country have started raising their prices.
by Nailah HerbertThe Great Resignation has yet to hit teachers, but it could come very soon. Here's why.
by Shaun MorganAt the start of the COVID-19 pandemic, many were trapped inside their homes with nowhere to go. In addition, due to the lockdowns imposed by the government, many were unable to go into their place of work.
by Sheena Allen