Personal finance

A woman shops at a Target store in Chicago on Nov. 26, 2024. Kamil Krzaczynski | AFP | Getty Images Heading into the holidays, many Americans were already saddled with record-breaking credit card debt. And yet, consumer spending is set to reach a fresh high this season.  The National Retail Federation reported last week that

Images By Tang Ming Tung | Digitalvision | Getty Images Many people, especially those with debt, will be discouraged by the recent Federal Reserve forecast of a slower pace of interest rate cuts than previously forecast. However, others with money in high-yield cash accounts will benefit from a “higher for longer” regime, experts say. “If

Manonallard | E+ | Getty Images Many Americans are capping off the holidays with new debt balances. This season, 36% of American consumers took on holiday debt, according to a new survey from LendingTree. Those who racked up balances this season took on an average of $1,181 in debt, up from $1,028 in 2023. However,

Filippobacci | E+ | Getty Images Retirement savers, take note: more employers have added a Roth savings option to their workplace 401(k) plans. And, due to a legislative change, it’s likely the remaining holdouts will soon offer it, too. About 93% of 401(k) plans offered a Roth account in 2023, according to an annual poll

Fernando Gutierrez-Juarez | Picture Alliance | Getty Images It has been a banner year for spot bitcoin exchange-traded funds, with some of the biggest asset managers introducing ETFs that hold the flagship digital currency. But there are things to consider before adding these ETFs to your portfolio, experts say.   The U.S. Securities and Exchange