On this episode of Your Cheddar hosts Kristen Scholer and Tim Stenovec break down some of the biggest stories in the world of personal finance.
Have you ever heard of the phrase "money can't buy happiness?" Well, that may not be true. According to a recent report by Purdue University, there is actually an optimal amount of money to be happy in life and it's $95,000 a year. The study also found that people who make $60,000-$75,000 a year are a little less happy, but have "emotional well-being."
Plus, U.S. households are carrying record levels of debt. According to the Federal Reserve, outstanding household debt rose by $193 billion to more than $13 trillion last year. Student loans are mostly driving that debt. However, the Reserve says Americans are mostly keeping up with their payments, which is always a good thing!
Mark Hamrick of Bankrate discusses the jobs market, AI's growing impact on employment, and how markets are reacting to today’s surprising payroll data.
Amanda Chu of POLITICO reveals how lawmakers are betting millions on pharma stocks even as Trump threatens tariffs and demands steep drug price cuts. Watch!
Hayley Berg, Hopper’s lead economist, previews soaring summer 2025 travel: record international flights, cheaper fares for Europe & Asia, plus booking hacks.
NerdWallet Senior Economist Liz Renter shares what she's tracking in economic data, with a focus on U.S. household debt and rising credit card balances. Watch!
