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☆ Here's how much money you'd need to save each month to retire with $1.5 million if you earn $80,000 a year
▼ + stars: | 2023-11-07 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

For a little over a quarter of Americans, their biggest financial fear is not having enough money saved for retirement, according to a recent WalletHub survey. On average, Americans think they'll need around $1.2 million to retire comfortably, per Northwestern Mutual's 2023 Planning and Progress Study. Don't fret if you feel a long way away from reaching your retirement goals. One of the best ways to ensure you'll have enough money to retire comfortably is to start sooner rather than later. To that point, CNBC calculated how much someone who earns $80,000 annually would need to save each month in order to retire with $1.5 million at age 67.

Organizations: CNBC Locations: Northwestern, U.S

☆ The 10 U.S. states where student loan borrowers have the highest monthly payments—and where they owe the most overall
▼ + stars: | 2023-11-02 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +2 min

Depending on your repayment plan and loan terms, your monthly student loan payment may not have much to do with your remaining balance. Accordingly, the states where borrowers have the highest monthly payments aren't inherently the states where borrowers owe the most overall. Student loan borrowers in Maryland have the highest median monthly payment at $232, according to a recent WalletHub study. On the other hand, high incomes generally lead to higher monthly payments on IDR plans, which could help explain why monthly payments are higher in certain states. Maryland has highest median household income of any state at $108,200 a year, according to Census Bureau data.

Persons: WalletHub, Jim Cramer, Ben McKenzie, Farnoosh Organizations: New York Fed, Maryland, CNBC Locations: Maryland, Georgia, Washington ,, WalletHub, Vermont, Hawaii, Massachusetts, Hampshire, Connecticut, Jersey, York, Virginia, Colorado, Carolina, Oregon, Pennsylvania, Michigan, Alabama

☆ Credit card users paid $130 billion in fees, interest in 2022, federal watchdog says
▼ + stars: | 2023-10-25 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +4 min

Proposed changes are meant to fill gaps in the Credit Card Accountability Responsibility and Disclosure Act of 2009, or CARD Act. The law imposed guardrails on credit card companies such as price controls on penalty fees and specific conditions in which they can be charged. However, there is no restriction on how much APR a company can charge nor language on late fees. How to minimize credit card fees, interestCardholders who carried a balance paid about 20% of their average statement balance in interest and fees last year, the CFPB found. WalletHub estimates that cardholders paid on average $76.27 in fees and interest per credit card account in the fourth quarter of 2022.

Persons: Biden, Schulz, it's, " Schulz, cardholders, Autopay, Matt Schulz, Sara Rathner Organizations: Consumers, Federal Trade Commission, Istock, Getty

☆ Minnesotans are the least stressed out people in America
▼ + stars: | 2023-10-22 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

From the rollercoaster housing market or to the rising costs of groceries, it seems like everyone has reason to be a little stressed out. Earlier this year, WalletHub ranked America's "most and least stressed" states. Mississippi ranked as the most stressed out state in the U.S. It had the highest rate of money-related stress. On the opposite end of the spectrum, are the least stressed states which include Utah, Connecticut and South Dakota.

Persons: WalletHub Organizations: U.S . Census Bureau, of Labor Statistics, for Disease Control, Mississippi, CNBC, South Dakota . Locations: U.S, Utah , Connecticut, South Dakota, South Dakota . Places, Hawaii, Florida

☆ The 10 most affordable college towns in the U.S.—half are in Texas
▼ + stars: | 2023-10-22 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

Edinburg, home to the University of Texas Rio Grande Valley, ranks as the most wallet-friendly college town, according to WalletHub's "Best College Towns and Cities in America" study. To determine the most affordable college towns, WalletHub evaluated 415 cities of various sizes that had a college or university population of at least 7,500 students. Edinburg is located in southern Texas and has a population of around 104,300. Numerous other Texas cities made WalletHub's list as well. Here are the most affordable college cities and towns, according to WalletHub:

Persons: WalletHub's, Killeen Organizations: University of Texas, College Towns, Nacogdoches Locations: Edinburg, University of Texas Rio Grande Valley, Cities, America, Texas, Brownsville, McAllen

☆ Which U.S. Cities Are the Safest?
▼ + stars: | 2023-10-19 | by ( Michael Kolomatsky | ) www.nytimes.com time to read: +1 min

To find the most and least safe places in the United States, a new study by WalletHub scored 182 cities (including at least two of the largest in each state) across three categories of metrics. The “home and community safety” category examined crime statistics, police and rescue workers per capita, traffic and pedestrian safety, among other data. “Financial safety” scored each city on employment, job security, credit ratings, savings rates and the like. For natural disasters, the capital city of Dover, Del. Two cities in “Tornado Alley,” Oklahoma City and Wichita, Kan., had the highest risks for natural disasters, followed by six cities in California.

Persons: WalletHub, ” Organizations: Memphis, “, Oklahoma City, Wichita Locations: United States, Irvine, Calif, Louis, Detroit, Birmingham, Ala, , Kansas City, Mo, Dover, Del, —, Wichita, Kan, California

☆ Credit card users paid nearly $164 billion in fees, interest in 2022. It may 'get a little worse,' analyst warns
▼ + stars: | 2023-10-19 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +3 min

Some credit card companies charge as much as $41 for a missed payment. Proposed changes are meant to fill gaps in the Credit Card Accountability Responsibility and Disclosure Act of 2009, or CARD Act. The law imposed guardrails on credit card companies, like price controls on penalty fees and specific conditions in which they can be charged. However, there is no restriction on how much APR a company can charge nor language on late fees. How to minimize credit card fees, interestCardholders paid on average $76.27 in fees and interest per credit card account in the fourth quarter of 2022, WalletHub found.

Persons: Oscar Wong, Biden, Schulz, Cardholders, WalletHub, it's, cardholders, Autopay, Matt Schulz, Sara Rathner Organizations: Federal Trade Commission

☆ These 10 states are home to the most stressed out people in America—New York and California didn't make the list
▼ + stars: | 2023-10-19 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

Earlier this year, WalletHub released a ranking of the "most and least stressed" states in America. Some of the most expensive states to live in, New York and California, didn't even make the top 10 list. New York landed in the 20th spot while California came in 23rd. Folks in South Dakota get the most amount of hours of sleep per night, while Pennsylvanians get the least. California and Nevada are the top two states for job security and Ohio offers the most affordable housing.

Persons: WalletHub, didn't Organizations: U.S . Census Bureau, of Labor Statistics, for Disease Control, Ohio Locations: America, U.S, New York, California, Texas , Alaska, North Dakota , Wyoming, Alaska, South Dakota, Nevada

☆ Moving to a new city? These are the 10 best places in the U.S. to make connections
▼ + stars: | 2023-10-17 | by ( Annie Probert | ) www.cnbc.com time to read: +1 min

LinkedIn's Economic Graph data team analyzed new connections made on the platform over a 12-month period by 3 million members who relocated to a new U.S. metro area in 2021. It doesn't come as a big surprise that New York City topped the list as the best metro area for newcomers looking to network. The New York metro area boasts a population of 23.5 million, making it the most populous region in the country. Despite being the smallest metro area on the list, Salt Lake City is the third-best area for networking by newcomers. It was also named the top city to start a new career in by WalletHub last year.

Persons: WalletHub Organizations: LinkedIn, New, Workers, U.S Locations: U.S, New York City, New York, Salt Lake City

☆ Nashua, New Hampshire is the safest city in America, new study says—here's the full top 10 list
▼ + stars: | 2023-10-17 | by ( Celia Fernandez | ) www.cnbc.com time to read: +2 min

In October, WalletHub released its annual ranking of the safest cities in the United States. Nashua, New Hampshire is the safest city in AmericaNashua ranked as the No. Nashua, New Hampshire ranked as the safesty city in the U.S., according to WalletHub. Columbia, Maryland, is in Howard County, which has seen a decline in violent and property crimes since 2018. Columbia, Maryland ranked as the second safest city in the U.S., according to WalletHub.

Persons: WalletHub, Ariz Organizations: U.S . Census Bureau, of Labor Statistics, FBI, America Nashua, Nashua , New Hampshire, Gilbert, U.S, The, Maryland ., Columbia, Istock, Getty Locations: U.S, United States, Nashua , New Hampshire, America, Hillsborough County , New Hampshire, Nashua, America . Nashua, Massachusetts, Boston, Concord , New Hampshire, Nashua , New, America Nashua, N.H . Columbia, Md, South Burlington , Vt, Warwick, R.I . Portland , Maine Casper, Wyo, Yonkers, N.Y, Burlington , Vt, Scottsdale, Ariz, Columbia , Maryland, The Maryland, Baltimore, Columbia, Maryland, Maryland . Columbia , Maryland, Howard County

☆ Here are 3 ways to avoid paying more than what you actually owe on your credit cards
▼ + stars: | 2023-10-11 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +2 min

Given record-high interest rates, now is not the time to be taking on more credit card debt. The Federal Reserve is expected to further hike interest rates before the end of the year, and the average credit card interest rate is already at an all-time high. Automated payment options can help credit card holders bypass late payment fees. "You can set it up for a lower payment," said Sara Rathner, credit cards expert and writer at NerdWallet, referring to a monthly automated card payment. "There's no penalty charge on your card if you pay your statement balance before the due date," Ewen added.

Persons: Sara Rathner, Nick Ewen, Guy, Ewen Organizations: Federal, Finance

☆ The 20 best small cities in the US
▼ + stars: | 2023-10-04 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +1 min

Personal-finance company Wallethub has identified the best small cities in America. It compared 1,321 cities across five key metrics, including affordability and quality of life. Wallethub has released an annual report that ranks the best small cities in America. The personal-finance company compared 1,321 small US cities — those with population sizes between 25,000 and 100,000 — across five key metrics: affordability, economic health, education and health, quality of life, and safety. These are the 20 best small cities in the US, according to Wallethub.

Persons: Wallethub, — Organizations: Service Locations: America, Midwest, Massachusetts, Indiana, Redfin

☆ The 5 U.S. cities most impacted by inflation—none are in New York or California
▼ + stars: | 2023-10-03 | by ( Annie Probert | ) www.cnbc.com time to read: +1 min

With inflation once again on the rise, stubbornly high prices continue to impact Americans across the country. But some metropolitan areas are seeing steeper inflation rates than others. Using the latest available data from the U.S. Bureau of Labor Statistics, WalletHub's study analyzed the change in inflation rates in 23 major metropolitan areas over the past two months and the past 12 months. Cities were then ranked based on the weighted average of these two-month and one-year CPI changes. These are the five U.S. metropolitan areas with the highest inflation increases, according to WalletHub.

Organizations: Fort, U.S . Bureau of Labor Statistics Locations: Miami, Fort Lauderdale, West Palm Beach, —

☆ These are the 10 most neighborly cities in the U.S.—3 of them are in Utah
▼ + stars: | 2023-09-29 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

In September, Neighbor.com released its ranking of the most neighborly cities in the United States. It's important to note that three of the cities in the top 10 are in Utah. The state recently ranked as the happiest state in America, according to WalletHub. According to the WalletHub report, Utah had the highest volunteer rate, with 40.7%, 2.6 times higher than Florida, with the lowest volunteer rate. It also had the lowest separation and divorce rate in the country.

Persons: Neighbor.com, Neighbor, Joseph Woodbury Organizations: CNBC Locations: United States, U.S, Utah, America, Florida

☆ This Southern city is the No. 1 place to start your own business
▼ + stars: | 2023-09-24 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +4 min

The home of mega-corporations like Coca Cola and Delta Airlines is also the best place to start your own business, according to new LinkedIn data. 1 U.S. metro area with the fastest year-over-year growth, 92%, in people founding their own companies, per the job search site. 1 place for young professionals to start a career, according to a report from Wallethub, based on metrics like availability of jobs, average starting salary, unemployment rate, median annual income, housing affordability and family-friendliness. Elsewhere in the country, the only representative for Silicon Valley — San Francisco — comes in at No. "Though the San Francisco Bay Areas remains one of the world's leading places for tech startups, it's possible or perhaps likely that smaller 'Main Street' businesses aren't opening at a nation-leading pace," Anders says.

Persons: Austin, George Anders, LinkedIn's, Anders, San Francisco —, that's, Donna Kelley Organizations: Coca, Delta Airlines, Fox, Seattle, metros, LinkedIn, Atlanta, Atlanta Austin , Texas Seattle San, Atlanta Austin , Texas Seattle San Francisco Chicago Boston, Fort Lauderdale, Fort Lauderdale New York City Los Angeles Denver, San, Global Entrepreneurship Monitor, The Washington Post . Entrepreneurship, Babson College, Washington Post, CNBC Locations: Coca Cola, Atlanta, U.S, Wallethub, pricey, San Francisco and New York, Atlanta Austin , Texas, Atlanta Austin , Texas Seattle San Francisco, Atlanta Austin , Texas Seattle San Francisco Chicago Boston Miami, Fort Lauderdale New York, Fort Lauderdale New York City Los Angeles Denver Atlanta, Austin, Silicon, San Francisco, San Francisco Bay, New York City, Los Angeles, Chicago, Miami, United States, Montana

☆ Utah is the happiest state in America—California and Florida didn't make the top 3
▼ + stars: | 2023-09-20 | by ( Celia Fernandez | ) www.cnbc.com time to read: +2 min

1 happiest state in the U.S. with an overall score of 69.79 out of 100. Utah ranked as the happiest state in the U.S., according to the 2023 WalletHub. Top 10 happiest states in AmericaUtah Hawaii Maryland Minnesota New Jersey Connecticut California Florida Idaho Nebraska Hawaii is the No. 2 happiest state in the U.S. and ranked the highest for emotional and physical well-being. Maryland ranked as the third happiest state, according to the WalletHub report.

Persons: WalletHub, Artic Organizations: America Utah, Istock, Adobe, Swiet, Atlas, Atlas . Maryland, Maryland, Getty Locations: U.S, Finland, America, Utah, Florida, America Utah Hawaii Maryland Minnesota New Jersey Connecticut California Florida Idaho Nebraska Hawaii, Hawaii, Honolulu, Atlas .

☆ Santa Barbara is the most expensive city to be happy in the U.S.
▼ + stars: | 2023-09-09 | by ( Celia Fernandez | ) www.cnbc.com time to read: +2 min

1 most expensive city to be happy in the U.S.: Santa BarbaraSanta Barbara, California is the most expensive U.S. city to be happy. Santa Barbara is also within the Santa Maria-Santa Barbara region, which was named one of the happiest places in the world based on The Blue Zones Index. Honolulu, Hawaii is the second most expensive city to be happy in the U.S. M Swiet Productions | Getty Images10 most expensive cities to be happy in the U.S.Santa Barbara, Calif. Honolulu, Hawaii New York, N.Y. San Francisco, Calif. Seattle, Wash. Oakland, Calif. Anchorage, Alas. Irvine, Calif. Honolulu, Hawaii, ranks as the second most expensive city in the U.S. to be happy in. 3 most expensive city to be happy in the U.S. Bamsgirl411 / 500Px | 500Px | Getty Images

Persons: Barbara Santa, Santa Barbara Organizations: Purdue University, Economic Research Institute, Santa Barbara, Swiet, Getty Locations: U.S, Australian, Barbara Santa Barbara , California, Santa Barbara, Santa, Santa Maria, Honolulu, Hawaii, Calif, Hawaii New York, N.Y, San Francisco, Seattle, Wash . Oakland, Anchorage, Alas . Sacramento, Boston, Mass, Irvine, The Hawaii, Oahu, Pearl Harbor . New York City

☆ Here's what to do if you could only afford a used vehicle and are saddled with high interest rates
▼ + stars: | 2023-08-25 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +3 min

I Love Images | Cultura | Getty ImagesRising interest rates are pushing auto loan rates upwards for both new and used cars across the U.S. "If you have good credit, you get lower interest rates," he said. "If you have poor credit, you're going to get higher interest rates." Interest rates on used cars currently are the highest in Alabama, Georgia, Louisiana, Mississippi, Nevada, New Mexico, Ohio, South Carolina and West Virginia. The longevity risk associated with used cars is yet another factor driving up interest rates for car shoppers, Yoon said.

Persons: Edmunds, Joseph Yoon, Tom McParland, McParland, Here's, Yoon Organizations: Getty, U.S, Automatch Consulting, WalletHub, Finance, AAA Locations: Alabama , Georgia, Louisiana , Mississippi , Nevada , New Mexico , Ohio, South Carolina, West Virginia, Ohio, New Mexico, Massachusetts

☆ What the highest interest rates in 16 years mean for you
▼ + stars: | 2023-08-10 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

Bank prime loan rates, the interest rates banks charge creditworthy customers, are typically about 3 percentage points higher than the Fed funds rate. In the short term, the Fed funds rate also affects Treasury yields, or the interest rate the government pays on its debt obligations. These yields influence how much consumers pay on real estate and equipment, as they set a baseline for other interest rates. Ninety-day CD rates track almost identically to the Fed funds rate, meaning these CDs have paid higher interest rates as the Fed hikes rates. Large corporations also are directly affected by higher interest rates, as the cost of borrowing money also follows the Fed funds rate.

Persons: Michelle Bowman, stabler, WalletHub Organizations: Service, Fed, Federal Reserve, Federal, Market, Bank, Treasury Locations: Wall, Silicon

☆ Another interest rate hike is likely coming from the Federal Reserve: Here are 5 ways it could affect you
▼ + stars: | 2023-07-21 | by ( Jessica Dickler | ) www.cnbc.com time to read: +5 min

"Rising interest rates can sometimes feel like a double-edged sword," said Kelly LaVigne, vice president of consumer insights at Allianz Life. As the federal funds rate rises, the prime rate does, as well, and credit card rates follow suit. The average credit card rate is now more than 20% — an all-time high, while balances are higher and nearly half of credit card holders carry credit card debt from month to month, according to a Bankrate report. Student loans Federal student loan rates are also fixed, so most borrowers aren't immediately affected by the Fed's moves. For now, anyone with existing federal education debt will benefit from rates at 0% until student loan payments restart in October.

Persons: Stefani Reynolds, they've, Kelly LaVigne, Brett House, WalletHub, Freddie Mac, Edmunds, Ivan Drury Organizations: Eccles Federal Reserve, Bloomberg, Getty, Reserve, Fed, WalletHub, Allianz Life, Columbia Business School, Treasury, Istock Locations: Washington, Edmunds

☆ The 15 best US cities for renters right now, ranked by incomes, rents, and quality of life
▼ + stars: | 2023-07-18 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +3 min

Personal finance company Wallethub ranked the best places to rent in the US in 2023. It weighed factors like rents, job opportunities, and quality of life in more than 180 markets. A new report from Wallethub identifies where renters can get the maximum bang for their buck this year. "We looked at two things here: rental market affordability and quality of life. So when you're actually looking at rental affordability, that is calculated not only by sheer rent, but then dividing that by median annual household income.

Persons: Jill Gonzalez, Gonzalez Organizations: Wallethub, Service, Census Bureau, Cities aren't, San Francisco Locations: California, Arizona, Kansas, Wall, Silicon, Golden City, Francisco, There's

☆ Where Energy Is Most Affordable
▼ + stars: | 2023-07-13 | by ( Michael Kolomatsky | ) www.nytimes.com time to read: +1 min

On the flip side, the shifting climate is increasing occurrences of extremely cold, short-term weather, also adding to our total energy costs. Of course, the emissions from the energy we use to maintain a comfortable home contribute to the extreme weather we’re protecting ourselves against. The highest costs for heating oil were found in Wyoming, helping to raise its total energy costs above all the other states. Washington D.C., neither very hot nor very cold, had the lowest energy costs, helped not just by its milder climate and moderate costs across all forms of energy, but by lower gasoline consumption. Two warm states, New Mexico and Texas, followed, with their total energy costs kept down by low requirements for heating fuel.

Persons: WalletHub Organizations: D.C, Energy, Washington D.C Locations: Washington, Wyoming, — North Dakota, Alaska, New Mexico, Texas

☆ Scottsdale, Arizona is the No. 1 city for renters based on quality of life—see the full list
▼ + stars: | 2023-07-12 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

WalletHub compared key quality-of-life measures in more than 180 rental markets across the United States. To rank the best states for renters based on quality of life, the report considered the following factors:Whether you're buying a home or renting, one major factor to consider in your search for the right state, city or neighborhood you move to is the quality of life you will have when you get there. Scottsdale, Arizona, topped the list of the best places for renters based on quality of life. Over the past two decades, it has been one of the fastest-growing cities in the U.S. and according to Henley and Partner's 2023 wealth report, it is also one of the fastest-growing cities for millionaires. From 2012 to 2022, Scottsdale saw an 88% millionaire growth rate and is home to 13,900 millionaires, 60 centi-millionaires, and five billionaires.

Locations: United States, Scottsdale , Arizona, McDowell, U.S, Henley, Scottsdale

☆ The 10 best states to live in as a working father, according to a new study
▼ + stars: | 2023-06-17 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +2 min

WalletHub released a study ahead of Father's Day on the best states to live as a working dad. The study was released ahead of Father's Day, which is this Sunday (still time to get a gift!). Analyzing about two dozen factors, WalletHub worked to find which state's working fathers were in the best circumstances. Child care: Average cost of child care, quality of day care services, availability of pediatricians, and quality of school systems. Here's the top 10 states for working fathers, according to WalletHub:

Persons: WalletHub, — Organizations: Service, of Labor Locations: Massachusetts, Washington, Connecticut, Connecticut , New Hampshire, Wisconsin, New Mexico , Mississippi, Louisiana

☆ 'It costs money to owe money': How to balance student loans and saving for retirement
▼ + stars: | 2023-06-15 | by ( Isabel Engel | In Isabel--Engel | ) www.cnbc.com time to read: +5 min

For those fresh out of college and newer to the workforce, it can be challenging to figure out how to balance between managing looming student loan debt and saving for your future. And after a three-year pause, federal student loans will resume accruing interest on Sept. 1, with payments coming due in October. "It costs money to owe money. Ultimately, the sooner you can pay off your student debt — by making minimum payments and paying a little more each month if you can — the less you will pay overall. "Start taking a little bit of money away that will cover two months' worth of your student loan debt and a couple of months' rent," he says.

Persons: —, Chris Briscoe, Gen Zers, Briscoe, Andrew Meadows, Meadows, Roth, Roth IRAs Organizations: Girard Advisory Services, CNBC, College, Savings Locations: United States

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