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The Money Overview

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Tyler Foster

Latest Articles by Tyler Foster

Credit & Debt

Carrying the average $6,600 card balance now costs $1,462 a year in interest alone — and rates aren’t expected to dip below 19% before 2026 ends

Open your latest credit card statement, find the line that says “interest charged,” and multiply it by 12. If you carry a balance anywhere near...

Tax Changes & Deadlines

53 million Americans claimed Trump’s new no-tax-on-tips and overtime breaks this spring — pushing the average refund up $340 to $3,462

When the IRS began processing returns for the spring 2026 filing season, something unusual showed up in the numbers almost immediately: refunds were running significantly...

Social Security & Medicare

Medicare starts covering Wegovy and Zepbound for $50 a month on July 1 — the same drugs that cost up to $699 at the pharmacy today

A month’s supply of Wegovy costs roughly $1,350 at list price. A month’s supply of Zepbound runs about $1,060. Even with insurance negotiations and manufacturer...

Government & Policy

Walmart, Target, and Nike collect billions in tariff refunds this week — while 330,000 small businesses that paid the same tariffs are still waiting

When U.S. Customs and Border Protection flipped the switch on its new tariff refund portal on April 20, 2026, the largest importers in the country...

Loans & Lending

The Education Department quietly paused student loan wage garnishment through July — 5.3 million defaulted borrowers won’t have paychecks touched yet, despite January’s warnings

A federal employee earning $45,000 a year and in default on student loans could lose roughly $260 per paycheck to Administrative Wage Garnishment, the government’s...

Government & Policy

The CFPB just rolled back its fair-lending rule — banks can no longer be punished for “disparate impact” unless intent is proven, gutting a decades-old check on bias

In 2013, the CFPB and the Department of Justice ordered Ally Financial to pay $98 million after finding that its auto-loan pricing consistently charged Black,...

IRS & Enforcement

The IRS will phase out paper refund checks for tax year 2026 — anyone filing without direct deposit on file will wait six extra weeks for their money

The average federal tax refund last filing season topped $3,100. Starting with tax year 2026 returns, filed during the 2027 season, anyone who doesn’t have...

Loans & Lending

Federal student loan rates jump to 6.52% on July 1 — a $20,000 undergrad loan now costs $233 a month for ten years, up from $210 last year

A college freshman borrowing the maximum federal loan this fall will pay more for that money than any undergraduate has since at least 2013. New...

Stocks & Wall Street

Goldman Sachs models $80 billion in Nvidia revenue Wednesday — $2 billion above consensus, and the data center number alone tops New Zealand’s entire GDP

Nvidia is expected to report fiscal first-quarter revenue of roughly $80 billion when it releases results on Wednesday, according to Goldman Sachs, a figure that...

Insurance & Protection

Home insurance is rising for the 5th straight year — California faces a 16% jump, Nebraska 13%, and the average premium is closing on $3,100

Five years in a row, the number on the renewal notice has gone up. The national average home insurance premium is projected to reach roughly...

Government & Policy

Trump Accounts open July 5 — every baby born 2025-2028 gets $1,000 from the federal government, and 1 million families have already claimed it

Before her daughter was 48 hours old, Maria Delgado had already filled out a birth certificate application, a Social Security request, and a hospital discharge...

Social Security & Medicare

The 2027 Social Security COLA forecast jumped a full point in 30 days — at this pace, retirees could see their biggest raise since 1981 next October

A retired postal clerk in Tampa collecting $1,927 a month from Social Security could open her January 2027 check and find an extra $150 or...

Government & Policy

A New York wine importer just got $110,000 back from Trump’s tariffs — the first concrete refund, and 329,999 other businesses are still waiting

A New York wine importer has received a $110,000 refund from U.S. Customs and Border Protection for tariff duties the Supreme Court ruled unconstitutional. It...

Mortgages & Rates

Home Depot reports Tuesday morning — the CEO already warned there’s “no catalyst” for housing, and 6.36% mortgages are about to be the only number that matters

Home Depot reports fiscal first-quarter earnings before the opening bell on Tuesday, May 20, 2026, and the nation’s largest home improvement retailer walks into the...

Fraud & Scams

Fidelity is now flagging a $15 billion fraud wave hitting Americans’ savings — scammers send 100,000 spoof texts a day and AI clones a voice in 3 seconds

In January 2025, a finance worker in Hong Kong wired $25 million after joining a video call with what appeared to be his company’s chief...

Tech & Your Wallet

Amazon, Meta, and Cisco have cut 28,000 workers since January — and all three blame AI, while spending a combined $300 billion on it this year

Somewhere in the math of modern Big Tech, 28,000 people lost their jobs so that servers could take their place. Since January, Amazon, Meta, and...

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