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November 2022 Fed Meeting: Rate Hikes Continue as Inflation Persists

Read our expert recap on each Federal Reserve Open Market Committee (FOMC) meeting. We also explain what to expect at future meetings and how it affects you.

by November 3, 2022
54% of Americans Say Inflation Has Delayed Their Next Financial Milestone, from Owning a Home to Starting a Family to Entering Retirement

The majority of Americans say inflation has delayed their next financial milestone. With 63% of millennials citing this, they’re the most likely generation to say a major financial moment was postponed.

by October 24, 2022
Pumpkin Spice Tax Costs Consumers Up to 161% More at the Grocery Store

The average pumpkin spice tax is 14.1%, the latest MagnifyMoney study reveals. Check out our study to find out how we calculate this.

by October 17, 2022
63% of Americans — Led by Millennials — Open to Using a Robo-Advisor

You can compare apples and oranges all you want (nutrition, convenience, taste, etc.), but how people feel at snack time determines which they eat, if either. The same goes for financial advisors and tech-based tools that provide automated, algorithm-driven financial planning services — aka robo-advisors…. Continue reading

by October 3, 2022
Income Equality Rallied in 62 of 100 Largest Metros as Pandemic Was Underway — Metros Where It Improved, Worsened the Most

Despite the destructive impact the COVID-19 pandemic has had on the economy, the latest MagnifyMoney study reveals one silver lining: Income equality improved across the majority of the 100 largest U.S. metros. According to LendingTree senior economist Jacob Channel, it’s likely due to the pandemic…. Continue reading

by September 19, 2022
Child Care Challenges Cost Americans $359 Million in Lost Wages Every Week

Finding child care is often a difficult and costly hurdle for working families with children. Parents increasingly report that child care costs strain their monthly budget. Even after making arrangements, plans may fall through and emergencies may spring up, forcing parents to leave early, take… Continue reading

by August 22, 2022
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