This week’s money news

This week’s top story: Smart Money podcast on longevity literacy, and how debt impacts credit scores. In other news: What happens if UPS goes on strike, federal student loan interest rates now highest in a decade, and why Americans can’t buy Chinese cheap electric cars.

Smart Money Podcast: Longevity Literacy, and How Debt Impacts Credit Scores
Sean Pyles and Liz Weston delve into the significant yet often overlooked concept of longevity literacy.

What Happens if UPS Goes on Strike?
A strike by the shipping giant could put a crimp in America’s e-commerce habit.

Federal Student Loan Interest Rates Now Highest in a Decade
For undergraduates, interest rates on federal student loans are 5.50% for the 2023-24 academic year — up from 4.99%. But there are ways to keep your costs down.

China Makes Cheap Electric Cars; Why Can’t Americans Buy Them?
China has better access to battery materials and other advantages. But don’t look for those cars in the U.S. anytime soon.

Thursday’s need-to-know money news

Today’s top story: How the September 2022 fed rate increase will impact your bank account. Also in the news: 6 new rules for smarter European travel, how to weigh the risks and rewards of buying a used EV, and Fed boosts rates yet again, pushing down home affordability.

How the September 2022 Fed Rate Increase Will Impact Your Bank Account
Expect higher rates on savings accounts and CDs. Don’t hold your breath on interest checking accounts.

6 New Rules for Smarter European Travel
If you’re planning a trip to Europe, consider the following tips to save money and have a better experience.

Is a Used Electric Vehicle a Bargain or a Trap?
Here’s how to weigh the risks and rewards of buying a used EV.

Fed Boosts Rates Yet Again, Pushing Down Home Affordability
The Federal Reserve continued to shout from the rooftops Wednesday that it will do what it takes to get inflation under control.