Rising prices and inflation continue to make it difficult for first time home buyers to find affordable properties, according to a new report from NerdWallet. Consumer Investigator Rachel DePompa finds out why not all hope is lost for those trying to get into the housing market.
Rental housing prices are still seeing significant increases from last year. According to Rent.com the monthly cost of a one-bedroom apartment is up about 25% nationally. Consumer Investigator Rachel DePompa explains why this might be the time to stay put.
As the Federal Reserve has rapidly increased interest rates, many economists say they fear that a recession is inevitable in the coming months — and with it, job losses that could cause hardship for households already hurt worst by inflation.
Intensifying its fight against chronically high inflation, the Federal Reserve raised its key interest rate Wednesday by three-quarters of a point for a third straight time and signaled more sharp rate hikes to come — an aggressive pace that’s heightening the risk of an eventual recession.
The impact of inflation now has another number. According to a new study by Nerdwallet household spending could increase by more than $11,500 this year. Consumer Investigator Rachel DePompa explains ways you can fight back against rising costs.
If you’ve taken out a payday loan the Better Business Bureau wants you to beware. According to a new report, victims of payday loan scams have lost close to half a million dollars in 2022. In this Watching Your Wallet, Consumer Investigator Caresse Jackman explains the tactics scammers use when they try to rip you off.
Billions of dollars in student loan cancellations are available, but the deadline to apply is approaching. Consumer Investigator Rachel DePompa explains “Public Service Loan Forgiveness” and how you might qualify.
Understanding your credit score can be a challenge, and when people have questions, they often turn to Google. Consumer Investigator Rachel DePompa looks at some of the top questions and gets some answers in this Watching Your Wallet.
A 529 plan is a great way to save for college, but if your child decides they don’t want to go you’ll need to need to make plans for those funds.Consumer Investigator Rachel DePompa explains the rules of the 529 account and how that money must be spent.
2.5 million couples are expected to tie knot this year, according to Wedding Market Research. For some those new marriages mean first-time talks about money. Consumer Investigator Rachel DePompa talks to an expert about ways newlyweds can ease into financial discussions in this Watching Your Wallet.
President Biden on Wednesday extended the moratorium on student loan payments and canceled $10,000 in debt for borrowers making $125,000 a year or less. In this Watching Your Wallet, Consumer Investigator Rachel DePompa finds out what experts say your next step should be if you have student loans.