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- Should I update my income with my credit card? (1 13 26)
Should I update my income with my credit card? (1 13 26)
Sally McDonald
January 13, 2026
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šµ Todayās Top Stories
 | You log into your credit card account and the company asks you to update your income. Should you do it? And what changes based on your answer? Read more. |
 | Our investing expert peels back the curtain on myths you need to get past to maximize your effectiveness and reach your investing goals. Read more. |
 | āCan you hear me now?ā Thankfully, cell phone service has improved in the last decade. But itās still excruciating when you canāt get bars. Hereās how you can beat the system. Read more. |
 | Itās quite possible youāll be able to file your tax return free of charge. Here are nine options to look into. Read more. |
šµ Calculator of the Week: Max Out 401(k) Calculator
 | Maxing out your 401(k) every year could leave you with over $5 million by retirement. Even starting late could still get you nearly $2 million. Think that sounds too good to be true? Let's run your numbers and see what's actually possible. |
š¼ Jobs Report Mixed To Start 2026
With inflation looking cautiously optimistic at the moment, the job market is dictating much of the Fed monetary policy right now.
As such, the jobs report that emerged at the end of last week was significant.
The headlines: America added 50,000 jobs, a touch fewer than expected (70,000). At the same time, unemployment dipped to 4.4% -- below the 4.5% that economists expected.
The federal data also revised the last two job reports downward, slashing 76,000 added jobs from the previously-reported numbers.
Also, for the first time in almost five years, there are more job seekers than available jobs. (There were about two job openings for every job seeker in March 2022.)
A Yahoo! report characterized the U.S. labor market as āstuck in a āno-hire, no-fireā status.ā The Wall Street Journal also wrote āthe labor market appears to have settled into a ālow hire, low fireā stasis, where companies arenāt eager to add new workers but also arenāt laying off employees en masse.ā
The report was āa mixed bag,ā a source told CNBC.
In general, lowering interest rates can juice the economy, offering a more favorable environment for job seekers but potentially increasing inflation.
The Fed has lowered rates 1.75% since Sept. 2024. It will be interesting to watch the balance between inflation and the job market for the rest of 2026.
š Stat of the Day
š +12%: Rate of increase in retail store closures in 2025 vs. 2024. About 8,200 retail stores shuttered last year. Forever 21, Rite Aid and Party City are among the big names that closed their locations for good. Expect the trend to continue in 2026, experts say.
š°ļø Deal Alert: Todayās Top Deals
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šļø Podcast
Americans have entered 2026 facing record-breaking levels of credit card debt, largely driven by "lifestyle creep," the ease of tap-to-pay and "Buy Now, Pay Later" services. But thereās hope. Clark breaks down his proven three-step strategy to regain your financial freedom. Also, following a wave of backlash and legislative scrutiny, Instacart has ended its controversial "dynamic" AI pricing tests that saw some customers paying significantly more for the same items. Clark discusses the future of individualized pricing and how retailers are using AI to profile shoppers. We also look at the growing competition in the space, as Amazon expands its same-day grocery delivery to compete directly with Walmart+. Whether youāre trying to pay down debt or just save on your weekly food bill, this episode is packed with actionable advice to help you keep more of your hard-earned money.
āļø Need Money Help?
The Team Clark Consumer Action Center is a free helpline that can help you navigate your money questions. Call 636-492-5275. Visit clark.com/cac for more information.
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