Plus, traveling in uncertain times
| |  | | April 23, 2025 | | | | | | | | A Rocky Economy Doesn't Have to Ruin Your Travel Plans | By Lindsay VanSomeren
You've got big travel ambitions this year. And yet actually booking a trip seems to get a little harder with each passing week.
Between the uncertain impact of tariffs, the stock market selloff, a weakening dollar, and the threat of a recession, it may be hard to commit serious money to anything discretionary — let alone a vacation.
In fact, 67% of Americans are considering alternative vacation options this year because of concerns about the economy, according to a recent survey from the travel platform Beach.com.
Even airlines are expecting a decline in demand. Delta Airlines — which forecast its highest-earning year ever back in January — withdrew those numbers earlier this month.
So what? It's hard to feel a solid financial footing these days. But you probably need a vacation. And getting away may be particularly helpful in these nail-biting times. Here are some creative ways to travel this year. | | | | | | | | | | As Home Insurance Rates Rise, When and How to Shop Around | | | By Lora Shinn
Editor's Note: This is part two of a three-part series exploring the rising cost of home insurance. Coming next week: How to avoid leaving yourself underinsured.
In the past, you may not have thought much about home insurance. You chose an insurer when you bought your house, but might have gone into auto pilot after that, rubber stamping the bill each year at renewal because a small increase was normal, even baked in.
If the extra cost was rolled into your monthly mortgage payment, no big deal. The bank did the math and you could handle the difference.
These days, it's a whole different ballgame. Average home insurance costs have shot up 62% since 2018 as the weather has become more extreme. Even after adjusting for the post-pandemic spike in inflation, costs rose 24% between 2020 and 2024. In some states, a typical household now pays $400 or $500 a month.
So what should you do? | | | | | | | | | | 13 | That's how many days are left before the Federal Student Aid office resumes collection efforts on federal student loan borrowers who have defaulted on their loans. The May 5 date — announced by the Education Department earlier this week — will mark the first time the FSA has pursued unpaid debts since the pandemic began in March 2020.
More than 5 million borrowers are currently in default because they're at least a year overdue on their monthly payments, according to the Education Department. Another 4 million are in the later stages of delinquency.
If you're in default, contact the Default Resolution Group to make a monthly payment, enroll in an income-driven repayment plan, or sign up for loan rehabilitation. | | | | | |  | | Young women are starting to recession-proof their lives. (The Wall Street Journal via MSN) | | | | | | | | | | | Intel, insights, and inspo for your money. | | On the Money cuts through the noise of day‑to‑day financial news to bring you a more thoughtful point of view on what's important in this moment — and how it impacts your bottom line. We value your trust above all. | | | | | | | | | | Did you find today's newsletter valuable? | | | | |
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