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The Money Overview

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Tyler Foster

Latest Articles by Tyler Foster

Credit & Debt

Credit card debt crossed $1.33 trillion — and 42% of Americans say they expect to carry that balance until they die

Forty-two percent of Americans carrying credit card balances say they expect to stay in debt for the rest of their lives or for years to...

Loans & Lending

The average new car payment just hit $773 a month — and 1 in 5 buyers is now locked into payments above $1,000

A $773 monthly car payment would have been unusual five years ago. Now it is the average. According to Edmunds’ Q1 2026 auto financing data,...

Economy & The Fed

The April CPI report drops tomorrow morning — economists expect 3.7% inflation, the highest annual reading since early 2024, driven almost entirely by gas

The April CPI report drops tomorrow morning – economists expect 3.7% inflation, the highest annual reading since early 2024, driven almost entirely by gas Americans...

Economy & The Fed

The Senate voted 49-44 tonight to advance Kevin Warsh as Fed chair — the man who once called for “regime change” at the central bank is now one vote from running it

By a margin of five votes, Kevin Warsh survived the toughest test between him and the most powerful economic job in the world. The Senate...

Smart Spending

Americans will spend a record $38 billion on Mother’s Day — Gen Z is averaging $922 per person while boomers spend $168

A 22-year-old buying her mom a spa weekend and a 70-year-old picking out a card and a bouquet are both celebrating Mother’s Day. They are...

Social Security & Medicare

Social Security’s May checks reflect the full Medicare Part B deduction — retirees who expected a $56 COLA raise are netting $38 after the $203 premium

Social Security’s May checks reflect the full Medicare Part B deduction – retirees who expected a $56 COLA raise are netting $38 after the $203...

Mortgages & Rates

Four straight weeks of mortgage rate increases wiped out the spring dip — the 30-year is back to 6.37%, and the average new home loan hit a record $467,300

A month ago, a buyer financing $467,300 over 30 years could lock in a rate near 6.16%. That window is closed. The 30-year fixed mortgage...

Stocks & Wall Street

Nvidia pumped $40 billion into AI startups this year — $30 billion to OpenAI alone — and critics call it a circular deal where Nvidia funds its own chip customers

When Nvidia wired $30 billion to OpenAI earlier this year, it did not just write the largest check in its 33-year history. It tied its...

Markets & Investing

SpaceX plans to file its IPO in two weeks at a $1.75 trillion valuation — 10 times larger than the biggest public offering in history

SpaceX, the rocket and satellite company Elon Musk founded more than two decades ago, is on the verge of becoming the most valuable company ever...

Loans & Lending

7.5 million borrowers just lost the SAVE plan — they have 90 days to switch or the government auto-enrolls them in a plan that could triple monthly payments

On July 1, federal loan servicers will begin mailing notices to every borrower still enrolled in the SAVE repayment plan. Each letter will contain a...

Tech & Your Wallet

Meta is cutting 8,000 workers on May 20 and canceling 6,000 open roles — while spending up to $135 billion on AI this year

For the roughly 8,000 Meta Platforms employees who opened an internal memo on a late-April morning and learned their roles would be eliminated on May...

Money in the News

The AI layoff wave just accelerated — Cloudflare cut 20% of its staff despite record revenue, PayPal is cutting 20% over 3 years, and 92,000 tech workers have been laid off in 2026 so far

On May 7, roughly 1,100 Cloudflare employees learned their jobs no longer existed. Hours earlier, the company had reported the best quarterly revenue in its...

Social Security & Medicare

Social Security’s 2.8% COLA added $56 a month — but Medicare’s Part B premium hike swallowed $17.90 of it, and retirees on fixed incomes are netting just $38 more

Every January, millions of retirees open their bank statements hoping to see the full effect of Social Security’s annual cost-of-living adjustment. In January 2026, the...

Mortgages & Rates

Mortgage rates climbed back to 6.37% — the spring dip to 6.02% is completely gone — and the average new purchase loan just hit a record $467,300

That brief stretch this spring when mortgage rates dipped below 6.1% and buyers started feeling a flicker of optimism? It is over. The average 30-year...

Fraud & Scams

The FBI says bank spoof calls are draining accounts in minutes — scammers now send 100,000 texts a day, and Fidelity flagged a $15 billion fraud wave targeting Americans’ savings

A retired teacher in Ohio picks up a call that shows her bank’s name on the screen. The voice on the other end knows her...

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