Personal Finance

Many Americans who used the pause on student loan payments to reduce debt may now have to reverse course, according to a recent Empower survey.Borrowers in states with the highest borrowing rates are set to get the biggest share of Biden's student loan forgiveness under the new income-driven repayment plans.The average price of gas dropped this week as oil prices follow a downward trend, according to AAA. Motorists may see some pressure at the pump as they get closer to Labor Day weekend.

Many student loan borrowers are worried they'll miss at least one payment when repayment begins, according to a survey by Morning Consult. But the Biden administration announced new student loan relief initiatives after the Supreme Court shut down its student loan forgiveness plan.401, IRA and 403 plan balances increased for the second straight quarter in Q1 2023, Fidelity Investments reported.

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