Jessica Dickler

How higher-for-longer rates affect your money “Consumers, households and individuals haven't gotten the break from inflation they've been

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Balances rose by $21 billion in the second quarter to a collective $1.26 trillion — nearing last year's all-time high of $1.28 trillion.

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The U.S. Treasury and the Internal Revenue Service proposed rules allowing employers to contribute up to $2,500 annually to employees' Trump Accounts for dependent children, while employees could also direct pretax paycheck contributions into the accounts. The tax-deferred accounts are available to U.S. children under 18, with annual contributions capped at $5,000 and a $1,000 government seed contribution for eligible children born from 2025 through 2028. More than 50 companies have pledged contributions, although employer adoption has so far been limited. The proposed regulations remain subject to public comment and an October hearing before they can be finalized.

How students and families finance college Nearly half of families borrowed money to pay for college in the 2025-26 academic year, and 68% of

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0 seconds of 4 minutes, 35 seconds Volume 90% Listen Key Points Resurging fears about inflation are pushing longer-maturity bond yields to multi-decade highs.

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