How the pandemic changed the rules of personal finance : Planet Money : NPR

How the pandemic changed the rules of personal finance

In the last half of last year, we heard a lot of talk (and we at NPR did a lot of talking) about the Great Resignation, aka the Big Quit. This was a trend that started right around the beginning of the COVID-19 pandemic, and saw — anecdotally, at least — large numbers of people leaving their jobs voluntarily. There was some controversy about the Big Quit, not the least because some reporting on the trend made it sound as though many of these workers had decided to leave the labor force forever.

But the hard data — particularly here

Read more

George Santos Admits 500K Personal Loan to Campaign Wasn’t ‘Personal’

Photo by Win McNamee/Getty Images

George Santos promised reporters a surprise on Tuesday. When he brought coffee and donuts for the journalists staking out his office, it was a letdown. But Santos apparently had another surprise.

Late Tuesday afternoon, Santos’ political operation filed a flurry of amended campaign finance reports, telling the feds, among other things, that a $500,000 loan he gave to his campaign didn’t, in fact, come from his personal funds as he’d previously claimed.

However, while the newly amended filing told us where the funds did not come from, it also raised a new question—where did the

Read more

Crypto can help teach children about personal finance

Being financially literate means understanding how skills like money management, budgeting, and investing can be used to make effective financial decisions. The sooner these skills are adopted in life, the greater the number of opportunities for accruing wealth. Unfortunately, the education system severely lacks teaching the financial literacy and application skills we need to succeed, and we are still learning how this affects economics on a larger scale.

Changing service providers and deciding on the best mortgage rates – these are the kind of decisions that most people will come across. But not fully understanding how it all works can

Read more

Personal loan interest rates continue trending down for 5-year fixed-rate loans

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own.

The latest trends in interest rates for personal loans from the Credible marketplace, updated weekly. (iStock)

Borrowers with good credit seeking personal loans during the past seven days prequalified for rates that were lower for 5-year fixed-rate loans and higher for 3-year fixed-rate loans compared to the previous seven

Read more

Savings window opens: Personal loan interest rates fall for 5-year fixed-rate loans

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own.

The latest trends in interest rates for personal loans from the Credible marketplace, updated weekly. (iStock)

Borrowers with good credit seeking personal loans during the past seven days prequalified for rates that were lower for 5-year fixed-rate loans and higher for 3-year fixed-rate loans compared to the previous seven

Read more

What 5 key personal finance issues mean for you

As Americans head to the polls, several key personal finance issues are weighing on voters’ minds and wallets.

This week, the Federal Reserve enacted its fourth consecutive 0.75 percentage point interest rate increase to fight inflation, triggering further stock market losses.

Meanwhile, recession fears are growing, with 84% of Americans worrying how a prolonged economic downturn may affect their finances, according to a MassMutual report released Thursday.  

More from Personal Finance:
What the Fed’s 0.75 percentage point interest rate hike means for you
Democrats warn that Social Security, Medicare are at stake
What ‘millionaire tax’ plans on the ballot in

Read more

Confessions of personal finance reporter (Part Two): 3 money mistakes

Sarah O’Brien hard at work writing about personal finance.

Salvatore Agostino

One of the best benefits of being a personal finance reporter is my keen ability to recognize the many money mistakes I’ve made in my life.

I’ve already divulged a few in the first iteration of this confessional two years ago. While some of my blunders have been worse than others, they all make me cringe — and the ones below probably will make some readers facepalm. Others of you may relate.

Either way, my hope is that sharing these can help someone else avoid the same mistakes —

Read more