Finance
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One of the reasons why WDKX is doing the “Fill Your Fridge” Contest, is because young and low-income consumers are starting to feel financial pressure. Generation Z consumers and those with low credit scores are falling behind on credit card and auto loan bills and accumulating credit card debt at a pace not seen since […]
The Wall Street Journal reported that, Equifax this spring sent out incorrect credit scores for millions of customers applying for home and auto loans. One of three major credit-reporting companies provides financial information and scores for consumers, affecting whether people are approved for products including mortgages, credit cards and car loans, and what interest rate […]
Governor Kathy Hochul announced that $682 million in bonds and subsidies were awarded to create or preserve more than 1,600 affordable, sustainable, and supportive homes across the state. $70 million for Tailor Square in the city of Rochester. The project will convert the historic four-story manufacturing building home to Hickey Freeman into 134 affordable apartments, including […]
More than half of older women living alone — 54% — are in a similarly precarious financial situation, either poor according to federal poverty standards or with incomes too low to pay for essential expenses. For single men, the share is lower but still surprising — 45%. That’s according to a valuable but little-known measure […]
According to Deloitte’s 2022 back-to-school survey, back-to-school shopping is the second largest spend for families annually, behind the holidays. Parents plan to spend $661 per child, on average, for back-to-school shopping this year, up 8% from 2021 and 27% from 2019. Clothing and accessories lead the increase, costing 18% more this year on average. School […]
With U.S. inflation racing ahead worker wages, a growing number of Americans are taking on second jobs to make ends meet. Three-quarters of middle-income Americans say they don’t earn enough to pay for the cost of living, according to a recent survey. As the pandemic erupted in the U.S. in 2020, roughly 4% of employed […]
NFL Hall of Fame Deion Sanders is backing up those words with a pledge to the school that employs him. Sanders is the College Football Head Coach at Jackson St. and plans to donate half his salary to help the university complete construction of its football facility. Prime Time revealed the news in a video […]
Kevin Hart’s new series Hart-To-Heart interviewed Jay-Z. The two superstars talk about everything from fatherhood to becoming a better person and being successful. https://www.youtube.com/watch?v=DO1MO7we-RQ
Celsius Network listed a $1.19 billion deficit on its balance sheet in a bankruptcy court, a day after the cryptocurrency lender filed for Chapter 11. New Jersey-based Celsius froze withdrawals last month, citing “extreme” market conditions, cutting off access to savings for individual investors and sending tremors through the crypto market. In the filing at […]
A Texas woman was arrested after being busted in a multi million dollar scheme by repairing people’s credit. Reports say the scheme was done from November 2020 through March 2022 the woman used fake police reports clearing up close to a million dollars of debt. The fake police reports were sent to multiple financial institutions. […]
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