News Powered By AI
News Powered By AI
Buy now, pay later services have grown dramatically, with originations reaching nearly $157 billion in 2025, but experts warn of mounting risks as consumers increasingly use them for essential expenses like groceries and medical care.
Social Security’s 2027 cost-of-living adjustment estimate has declined to between 3.7% and 3.8% as inflation cools, down from earlier projections around 4.7%.
Americans report needing $1.2 million for comfortable retirement, yet only 30% expect to reach $1 million in savings, with over half anticipating less than $500,000 upon retiring.
Mortgage rates reached 6.66% this week, their highest level in a year, as geopolitical tensions and inflation concerns drive broader economic pressures on the housing market.
UK petrol prices have reached 160p per litre, the highest level since November 2022, as Middle East tensions escalate and threaten household budgets ahead of summer holidays.
More people are accumulating multiple pension pots due to job changes and auto-enrolment rules. Consolidating pensions can simplify management and reduce fees, but experts warn it requires careful consideration of existing benefits.
