money

Home loan rates have trended downward through most of this year, bolstering demand from would-be homebuyers.

Americans mortgage debt climbed to a record high of nearly $10 trillion during the pandemic, according to the Federal Reserve Bank of New York. To help explain, NBCLX talked to the chief economist of the Association of Realtors, Lawrence Yun, and Danielle Hale, the chief economist at Realtors.com, who shared advice for first-time home-buyers.

Staying within a budget during the holidays is tricky any year, but 2020 is taking the challenge to a whole other level. Tiffany “The Budgetnista” Aliche joined LX News to share some tips for keeping your finances on track this year, which includes her “noodle budget” spending plan.

The U.S. stock market has rallied since Election Day, despite the angst in our country over the ongoing vote count. Tom Essaye, the founder of Sevens Report Research, explains why the U.S. stock market is reacting so positively to the presidential election and what it means for the future.

The federal minimum wage is just $7.25 per hour. And President Trump and Joe Biden agree on one thing — that’s not a lot of money to live on. But they don’t agree on what to do about it. You think you know which side you support? It’s more complicated than you think.

President Trump and Joe Biden have each hyped their tax plans as the best deal for Americans. Biden’s plan can be boiled down to his promise that no one who makes less than $400,000 will get a tax increase. Meanwhile, Trump is promising to make the tax cuts he enacted in his first term permanent. But what do their plans...

Do you have money to burn on your student loans? Does your debt keep you warm at night? If so, this video isn’t for you. But for the rest of us, the policies of the next president will help determine if we get a break on student loan debt or if it continues to be our country’s trillion dollar problem....

After significant delays due to COVID-19, ABC’s “Shark Tank” returns for its twelfth season. Mark Cuban joined LX News to talk about the challenges of filming the show during quarantine and shares why other sharks called him “Mother Theresa.”

Did someone say free college? Or canceled student loans? The $1.6 trillion student debt crisis was a major flashpoint during the Democratic primary, and it’s become a big talking point for both President Trump and former VP Joe Biden as they compete for young voters. Here’s what could happen to college affordability and student loans under each candidate.

Lost loved ones, isolation, unemployment: We asked you to share what’s been on your mind since the coronavirus pandemic swept the U.S. this spring and you answered. Courtesy of our friends at NBC CT, this is a timeline of Covid-19 in America, through your eyes and in your own words.

As layoffs continue to put Americans out of work, many are hoping for another round of coronavirus relief. But Seth Harris, the former acting U.S. Secretary of Labor under President Obama, explains why the Supreme Court vacancy and the upcoming presidential election are making the prospects of a deal unlikely.

Tennis superstar Serena Williams, who rose from modest beginnings to earning millions during her luminous career, says her outlook on money has not changed: Be responsible and manage your spending.

The U.S. Mint’s 2019 Annual Report says pennies and nickels cost more to produce than they are worth. A one cent coin cost almost two cents to produce, and a five cent coin cost more than seven cents. Cash transactions are less common today and using pennies in those transactions is rare. Here are 10 truths about our penny.

There are more than 130 billion pennies in circulation right now, amounting to more than a billion dollars worth of coins. But the value of the penny has declined to the degree that it now costs more than one cent to produce the one cent coin. So is it time for the penny to be retired? NBCLX storyteller Peter Hull...

Bobby Bonilla, who retired as a baseball player in 2001, hasn’t played for the New York Mets since 1999. Yet Bonilla is among the highest-paid position players on the Mets’ payroll this year. The team paid the 57-year-old $1,193,248.20 on Wednesday — as it has each year over the past decade and will continue doing through 2035.

Steve Siebold, the co-author of “How Money Works: Stop Being a Sucker,” has tips to cope with the financial anxieties that many millennials are facing during the pandemic, and advice on the benefits of starting your own business from home.

No one wants to think about death. But too many Americans die without making plans to pass their wealth to their families. Personal finance expert Farnoosh Torabi explains that it’s never too soon to think about a will and life insurance.

Rent or buy: it’s a decision many millennials are pondering. A recent study shows that it’s cheaper to purchase rather than rent in the majority of the top 50 markets.

Scared of ‘adulting’ with your own money in the midst of a recession? Certified financial planner Chris Russell offers economic advice for Millennials ready to buy homes or start families in these down economic times.

If your income is taking a hit because of the coronavirus pandemic, you may have to decide which bills to pay while you weather the crisis