Home ownership has long been a hallmark of achieving the so-called American Dream. A recent survey found that 74% of Americans rank owning a home as the primary indicator of financial security and prosperity.

Two events — a financial crisis followed by a global pandemic — demonstrated to Jennifer Tescher just how vulnerable the majority of Americans are.

If used as intended, "buy now, pay later" can be a cheaper and easier alternative to a credit card.

Customers often have credit cards from a lender other than their primary financial institution. But these institutions should still talk to them about credit card debt. As card balances and delinquencies rise, attentive banks and credit unions can help their customers see how to trim debt and better manage their money. One fintech CEO suggests it’s in banks’ best interests to take an interest.

In partnership with Bank of Hawaiʻi Foundation, Aloha United Way has released a new State of ALICE report based on a 2022 survey that indicates “alarming and substantial increases” in the number of households living in poverty.

There’s an interesting mystery in the statistics that came out Thursday from the Bureau of Economic Analysis. Personal income — after inflation — rose about 0.4% in October from the previous month. Personal spending went up too, after adjusting for inflation, by 0.5%.

Student debt has been both a prohibiting factor and financial health burden for college-goers for decades. The cost of college has increased 169% since the 1980s, while college graduate pay is up only 19%. This has caused many college graduates and future college students to question not only the value of a college degree, but also the negative impact college debt has or could have on their lives.

The study showed BNPL services inspired consumers to spend beyond their means, and frequent users displayed larger declines in financial health, according to the study.

The results of a recent National Credit Union Foundation (the Foundation) research grant are in—and they’re exciting.