Pete Grieve

Brooklyn

Reporter at Money

Reporter @Money • [email protected]

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Articles

Americans' 'Magic Number' for a Comfortable Retirement Has Dropped $200K

1 week ago | money.com | Pete Grieve |Katherine Peach

The amount of money Americans think is necessary to retire decreased over the past year as inflation cooled, easing fears about retirement costs spiraling out of control. The shift was observed in an annual Northwestern Mutual survey that asks about respondents' "magic number" for retirement. On average, people believe they'll need $1.26 million, a significant decrease from last year, when the estimate was $1.46 million.
These 21 Universities Have the Most Billionaire Alumni

1 week ago | moneytalksnews.com | Pete Grieve

What do Michael Bloomberg, the Winklevoss twins, former Microsoft CEO Steve Ballmer, former U.S. commerce secretary Penny Pritzker, Patriots owner Robert Kraft and ex-Chilean President Sebastián Piñera have in common? They’re all alumni of Harvard University. Oh, and they’re all billionaires.
New Social Security COLA Estimate Ticks Down After Inflation Data

1 week ago | money.com | Pete Grieve

Estimates for the next cost-of-living adjustment to Social Security moved downward this week as new consumer price index data showed inflation cooling to 2.4%. Inflation fell to the lowest level in four years, with the numbers coming in under what Wall Street had forecasted ahead of Thursday's Bureau of Labor Statistics report. With the annual inflation rate dropping, Mary Johnson, an independent Social Security analyst, now predicts a 2.2% COLA for 2026.
Here's Where Homebuyers Are Spending the Most (and Least) on Down Payments

2 weeks ago | money.com | Pete Grieve |Katherine Peach

Down payments have climbed to record levels as home shoppers contend with high prices and mortgage rates still averaging nearly 7%. At the end of 2024, buyers were putting nearly 15% down, on average, and the median down payment was over $30,000. It's not like that everywhere.
Want to Avoid Auto Tariffs? Here's How to Find Out if a Car Is Made in America

2 weeks ago | money.com | Pete Grieve |Katherine Peach

As tariffs begin to reshape the auto industry, there's suddenly a new question that's top of mind for car buyers: Was this vehicle made in America? With some car prices set to rise by as much as $10,000 if tariffs remain in place, car shoppers want to know what's under the hood — or more specifically, where everything's from. Tariffs likely won't cause car prices to spike immediately, given that new vehicle inventory is currently higher than normal for the auto market overall.
These 21 Universities Have the Most Billionaire Alumni

2 weeks ago | money.com | Pete Grieve |Julia Glum

What do Michael Bloomberg, the Winklevoss twins, former Microsoft CEO Steve Ballmer, former U.S. commerce secretary Penny Pritzker, Patriots owner Robert Kraft and ex-Chilean President Sebastián Piñera have in common? They're all alumni of Harvard University. Oh, and they're all billionaires.
Debt Diaries: How These 3 People Paid Off Tens of Thousands of Dollars in Debt

3 weeks ago | money.com | Pete Grieve |Kaitlin Mulhere

Getting out of debt can feel like a Herculean task. That’s particularly true today, when inflation-weary consumers are relying on credit cards to pay for everyday essentials. One recent study found that nearly half of credit cardholders carry a balance month-to-month, and a fifth of them have at least $20,000 of debt. With average interest rates around 22%, credit card debt can quickly spiral out of control. But it’s hardly Americans’ only source of borrowing trouble.
Prices for These 6 Items Have Somehow Defied Inflation

3 weeks ago | moneytalksnews.com | Pete Grieve

It feels like everything is more expensive these days — and for the most part, that’s true. However, some companies have made a point of keeping their iconic value items affordable, and other everyday costs have remained the same (or even dropped) as technology advances. Consumer prices have increased by about 23% overall since February 2020, and prices are still rising for many items, with the current annual inflation rate at 2.8%.
Your Next Car Could Cost 10% More Thanks to Trump's Tariffs

3 weeks ago | money.com | Pete Grieve |Katherine Peach

Auto tariffs set to go into effect this week could have sweeping impacts across much of the auto industry, resulting in higher prices for consumers. Some of the best-selling cars would be hit with 25% levies under President Donald Trump's latest plan for a universal tariff on all imported vehicles, assuming it actually goes into effect. Tariffs on some imported car parts that would affect the price of domestic vehicles are scheduled to take effect on May 3.
9 Million Student Loan Borrowers Will Soon Take a 'Significant' Credit Score Hit

4 weeks ago | money.com | Pete Grieve |Julia Glum

Millions of student loan borrowers are expected to see their credit scores drop by summertime, reversing progress made under pandemic-era protections that lifted credit scores but expired last year. New York Fed research released Wednesday found that over 9 million borrowers with past-due balances could see "significant" decreases in their credit scores.