On Wednesday, the Federal Reserve Open Market Committee (FOMC) announced that it is raising the federal funds target rate by 50 basis points, lifting that range from 0.25% to 0.50% up to 0.75% to 1.00%. Until March, that rate had been set as low as… Continue reading

Collecting is a popular hobby. Non-fungible tokens (NFTs) of artwork and other forms of media have received heaps of publicity for lofty sale prices, but traditional collectibles like coins are still more common. Collectors accumulate their favorite items — from sneakers and baseball cards to… Continue reading

The COVID-19 pandemic has wreaked plenty of financial havoc, but there’s a bit of light, too: Median wages for full-time, year-round workers in 2021 were 8.8%, or $4,186, higher than they were in 2019. By race and gender, Hispanic and Latino women saw the biggest… Continue reading

Most Americans tend to invest with the primary goal of a comfortable retirement, but some younger investors want to get rich — and invest accordingly. MagnifyMoney surveyed nearly 1,300 Americans to get the pulse of investors, from strategies to behaviors, across different generations. We found… Continue reading

Paid time off (PTO) is an important consideration for workers, especially during a pandemic. MagnifyMoney surveyed more than 1,300 consumers to see who has PTO, how they get it and how they use it. Amid a pandemic that poses new physical and mental health challenges,… Continue reading

Washington, D.C., sits atop the best places for working women for the fourth time in a row. MagnifyMoney researchers examined eight factors across the 50 largest U.S. metros relevant to women achieving financial and professional success. While some metros like D.C. maintained their positions, others… Continue reading