George Floyd’s death spurred support for Black-owned business. Was it all talk?

George Floyd’s death spurred support for Black-owned business. Was it all talk?

At Love Cork Screw, a Chicago-based wine company that has sold more than 1 million bottles since 2013, founder Chrishon Lampley says she and her staff always had the talent and capacity to deliver. They just needed more opportunities and more avenues to break into broader markets. It took the shockwaves from George Floyd’s murder … Read more

‘This is a daunting time to retire’: In the age of inflation, there are steps you can take to deal with higher prices

‘This is a daunting time to retire’: In the age of inflation, there are steps you can take to deal with higher prices

For the last two decades, retiree Brad Hansen hasn’t worried too much about inflation and the loss of purchasing power. That’s because inflation averaged only 2.54% from 2000 to 2009 and just 1.75% from 2010 to 2019, far below the historical average of 3.10%, according to InflationData.com. Now with inflation rising to levels not seen … Read more

Why paying off debt is the best use of your tax refund

Why paying off debt is the best use of your tax refund

This article is reproduced with permission from NerdWallet. So you expect a tax refund this year. With inflation driving up the price of gas, food, and just about everything else, that extra money can’t come soon enough. The hardest part is deciding how to spend it. Should you invest the money? Book a trip? If … Read more

Why paying off debt is the best use of your tax refund

Why paying off debt is the best use of your tax refund

This article is reproduced with permission from NerdWallet. So you expect a tax refund this year. With inflation driving up the price of gas, food, and just about everything else, that extra money can’t come soon enough. The hardest part is deciding how to spend it. Should you invest the money? Book a trip? If … Read more

Student loan payments are not due until September. What you need to know

Student loan payments are not due until September.  What you need to know

The Biden administration has been working to end the pause on loan repayments as the economy’s recovery from pandemic lows continues. Jose M. Osorio | Tribune News Service | Getty Images The US Department of Education has extended the pause on federal student loan payments for the sixth time since the pandemic began more than … Read more

Here’s why your credit score matters and how to improve it

Here’s why your credit score matters and how to improve it

Pictures of people | Istock | Getty Images In just a few months, mortgage rates have gone from just over 3% for a 30-year fixed loan to just north of 5%. As potential buyers keep track of these numbers, there may be one thing they’re forgetting: their credit score. The three-digit number has a big … Read more

Small businesses will feel the pressure of rising interest rates – here’s what to expect

Small businesses will feel the pressure of rising interest rates – here’s what to expect

This article is reproduced with permission from NerdWallet. The Federal Reserve raised interest rates by 0.25% on Wednesday March 16 – the first rate increase since 2018 – and indicated that it would gradually raise rates throughout 2022. Small business owners could feel the impact of these rate increases with more expensive loans, higher credit … Read more

Here’s what you need to do to pay off that big credit card debt

Here’s what you need to do to pay off that big credit card debt

Tippapatt | iStock | Getty Images This is another example of how the economic recovery from the pandemic has been uneven: while overall credit card debt is downothers see their balances grow into colossal numbers. Money Management International, a nonprofit credit counseling agency, recently analyzed the credit card balances of tenants who requested financial assistance … Read more

42% of Americans increased their credit card debt during Covid-19

42% of Americans increased their credit card debt during Covid-19

Covid-19 has triggered unprecedented financial challenges for many individuals and families. Now a survey shows exactly where many of them are feeling the pinch – their credit card balances. Bankrate.com finds that 42% of American adults with credit card debt have increased their balances since the start of the Covid-19 pandemic in March 2020. Of … Read more

Small businesses will feel the pressure of rising interest rates – here’s what to expect

Small businesses will feel the pressure of rising interest rates – here’s what to expect

This article is reproduced with permission from NerdWallet. The Federal Reserve raised interest rates by 0.25% on Wednesday March 16 – the first rate increase since 2018 – and indicated that it would gradually raise rates throughout 2022. Small business owners could feel the impact of these rate increases with more expensive loans, higher credit … Read more