financial

With More than 60% of professional athletes end up within five years of their retirement. That why the new B.A.L.L. for Life, a partnership with the National Urban League and Experian has started a financial and credit education program. B.A.L.L. for Life (Be A Legacy Leader) was announced at the recent Iverson Roundball Classic. Experian […]

People with medical collections under $500 may see their scores increase by 21 points within the first quarter. Last month, the nation’s three main consumer reporting agencies announced the removal of medical debt collections under $500 from consumer credit reports. Source: Yahoo Finance

Rochester Gas & Electric and New York State Electric & Gas announced the extension of a program meant to provide relief to customers. New York State’s Public Service Commission approved $672 million for a second round of financial help for customers who did not receive a bill relief credit during the first phase of the program. […]

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 […]

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 […]

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 […]

Inflation is 3 times higher this year. Americans in dire financial circumstances are swiping credit cards more frequently compared to last year. But they continue to hold back from dipping into savings and retirement accounts relative to last year. Some 13% of U.S. households found it very difficult to pay for their usual expenses from […]

According to a new survey, managing money is not a top priority for millennials. The survey claims people born between 1981 and 1996, are more focused on engaging on “social media or playing with pets” instead of examining their financial status. Talker News reports OnePoll and Upwise did a study of 2,000 millennials. Findings showed […]

Did you spend all your emergency savings during the pandemic? A new study reveals that Black respondents are 43% more likely than overall respondents to have spent their emergency savings since the COVID-19 pandemic began. The study by Real Estate Witch was based on an online survey done in late January of 1,000 people questioned […]

What does Drake, Samuel L. Jackson and Boston Red Sox Chairman Tom Werner all have in common? They all have a minority stake in Dave’s Hot Chicken, the fried-chicken chain.  Drake will own less than 50% of the company, but will be among the biggest investors alongside Werner and Jackson. The company didn’t give further details […]