Financial Articles

Chancellor John Healey plans to reverse his predecessor’s decision to cut the annual cash Isa allowance from £20,000 to £12,000, aiming to encourage stock investment through education rather than restriction.

The Federal Reserve held interest rates unchanged at its October meeting amid rising energy costs and persistent inflation concerns, likely keeping borrowing costs elevated for consumers across credit cards, mortgages, and auto loans.

The Treasury Department announced Series I bonds will pay 5.51% annual interest from November through April, up from the previous 4.26% rate, with the fixed portion reaching its highest level since 2006.

The American Federation of Teachers filed a class action lawsuit against Trump administration officials, alleging they unlawfully blocked student loan forgiveness for tens of thousands of qualifying borrowers under the Public Service Loan Forgiveness program.

A financial planner who paid off her own student loans is using dual enrollment and 529 savings plans to reduce her daughter’s college costs, a strategy increasingly adopted as tuition continues rising.

Research shows debt payments are consuming a growing share of Americans’ income gains, with one analysis finding that 52 cents of every dollar earned goes toward debt for single-earner households.

Roth conversions can reduce lifetime taxes but involve complex calculations and trade-offs that make the strategy unsuitable for many individuals, experts say.

An AARP survey finds that voters age 50 and older prioritize caregiver support policies, with 77% favoring tax credits for unpaid family caregivers helping relatives with care costs.

U.S. inflation rose to 3.7% in September, up from 3.4% in August, driven largely by higher gasoline and energy prices amid the Iran war, potentially pressuring the Federal Reserve to raise interest rates.

The UK’s human rights watchdog recommends workers gain legal rights to know colleagues’ pay and calls for bans on salary history inquiries during hiring to combat pay discrimination.

Chancellor John Healey announced an energy support package including a £100 one-off payment to millions of households and plans to end gas standing charges to help address rising energy bills.

Social Security beneficiaries will receive a 3.6% cost-of-living adjustment in 2027, but surveys indicate most seniors believe it remains insufficient to meet rising expenses.