Credit Sesame’s personal finance news roundup June 21, 2025. Stories, news, politics and events impacting personal finance during the past week. Retail sales took a…
The Good Brigade/Getty Images Key takeaways A cost-of-living adjustment (COLA) is an annual increase in Social Security benefits to help account for inflation. Social Security COLAs are based on the Consumer Price Index for Urban…
Key takeaways There are several ways to finance home renovations, including renovation mortgages, home equity loans and personal loans. Borrowing makes the most sense when repairs are urgent or when improvements will increase your home’s value. Compare loan options carefully, especially considering interest rates, fees and the amount of home…
Key takeaways Students under 21 can only report personal income, allowances from family members and residual scholarship/grant money after tuition and college expenses. Students over 21 can also report income from self-employment, household income and other financial aid. Unemployed students can choose alternatives, including becoming an authorized user,…
Images by GettyImages; Illustration by Bankrate Key takeaways Using a credit card to purchase lottery tickets is legal in over 20 states, although credit card users should exercise caution. In states where it is legal, individual retailers are usually allowed to determine whether they will accept credit cards for lottery…
Key takeaways A statement credit is money that a card issuer applies to your account for making specific purchases. It can help bring down your card balance, even though it can’t substitute for your minimum payment, which you are still responsible for making. You can also redeem a…
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The U.S. had new millionaires emerge at quite a clip last year. UBS said its Global Wealth Report, released Wednesday, found America gained more than 379,000 new millionaires in 2024. It notched the biggest increase in new…
