Finance
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We are talking credit card interest rates that are super high! A new survey suggests half of credit cardholders surveyed in June as part of Bankrate’s latest Credit Card Debt Survey said they carry balances over month to month. That is up from 44% in January – and the highest since since March 2020, when […]
Global stock markets experienced a significant plunge on Monday, driven by fears of a U.S. economic slowdown. The Dow Jones opened over 1,000 points lower, the S&P 500 dropped by 4.25%, and the Nasdaq Composite fell by more than 6%, though they recovered slightly later in the day. Japanese stocks also faced severe losses, with […]
In partnership with Next Gen Personal Finance, California Governor Gavin Newsom announced a new course requirement starting with the 2031 graduating class. Beginning in 2027, California is requiring all high schools to offer a one-semester-long financial literacy course as an elective. This makes California the 26th state in the country to add financial literacy as […]
The new partnership between ‘Field and Fork Network’ and Tops Friendly Markets in Rochester, N.Y. aims to stretch the value of SNAP benefits through the expanded ‘Double Up Food’ initiative. This program matches every dollar spent on fresh produce with an additional dollar, up to $20, effectively doubling the purchasing power for SNAP users. For […]
Tops and Field & Fork Network are making the Double Up Food Bucks program available at three Rochester-area stores. The program provides reduced prices on fresh fruits and vegetables for customers who receive SNAP benefits. Frozen produce items will also be included in the program for a limited time. Customers who use their EBT card […]
As part of New York’s state budget, $350 million has been allocated to aid moderate- and low-income families through the Empire State Child Tax Credit. Governor Kathy Hochul announced that one million New York families will receive checks of up to $330 per child by the end of August. The credit applies to families with […]
The University of Rochester is expanding a program for its employees that provides grants to first-time homebuyers. The University Home Ownership Incentive Program was initially launched in 2017 and would provide $9,000 to its participants. In its start, the program had just two financial lenders and seven local banks/credit unions participating. As of this summer, the […]
A recent study highlights Rochester, NY, as having one of the largest disparities between rent and wage increases in the nation. From 2022 to 2023, Rochester saw a 5.73% rise in median rent, while wages only grew by 3.17%. This imbalance places Rochester fifth on the list of cities where rent outpaced wage growth the […]
The Buffalo-Rochester-Syracuse tech hub has been awarded a $40 million federal investment to support Upstate New York’s goal of becoming a leading semiconductor center. The “NY SMART I-Corridor Tech Hub” is one of 12 Tech Hub winners nationwide. This funding will be used to enhance workforce training programs at Monroe Community College, close supply chain […]
Americans firing up their grills for Fourth of July celebrations will likely pay more for some traditional barbecue staples this year. That’s largely due to inflationary pressures in the U.S. economy and supply shocks related to specific foods such as beef and lemons, according to agricultural economists. The average cookout for 10 people will cost $71.22 […]