Personal finance

U.S. President Joe Biden returns to the White House on Jan. 24th, 2022. Alex Wong | Getty Images News | Getty Images More than a year into his first term, Loren Ewing is disappointed that President Joe Biden hasn’t moved to forgive student debt. She remembers his vow on the campaign trail to deliver “immediate

Kate Quick, 43, said that her student loan debt causes stress and anxiety for her and her family. Courtesy: Kate Quick When Kate Quick, 43, finished her master of fine arts degree at the University of Alaska Fairbanks 22 years ago, she had taken out about $30,000 in loans. Now, she owes nearly $48,000, even

Anna Mascall pictured in front of the Easton, Pa., home she recently purchased. “To be able to say I own a home, I kind of did the American dream,” she said. Courtesy: Anna Lee Mascall After years of renting, Anna Mascall, 30, decided she wanted to buy her own home. Then the Covid-19 pandemic hit,

US President Joe Biden speaks during a meeting with private sector CEOs in the State Dining Room of the White House in Washington, DC, on January 26, 2022. Nicholas Kamm | AFP | Getty Images The Biden administration has said that student loan payments will finally restart in May. Many people aren’t taking that message

urbazon | E+ | Getty Images An inflation gauge closely watched by the Federal Reserve has reached a record high. The core Personal Consumption Expenditures Price Index climbed 4.9% from a year ago in December. The index measures the prices people pay in the U.S. for goods and services, excluding food and energy, which tend

Getty Images Nearly one-third of undergraduates borrow money from the federal government to pay for college. That’s about 43 million Americans who owe a staggering total of nearly $1.6 trillion in outstanding student loans. A new survey found that 54% of federal student loan borrowers said taking on that debt was not worth it. Overall,

Westend61 | Westend61 | Getty Images The pandemic has upended millions of American lives, and for many has made them reconsider priorities around work. That’s prompted many to quit jobs amid the so-called Great Resignation. In November, a record 4.5 million workers left their jobs, according to data from the Labor Department. There are also

Traders work on the floor of the New York Stock Exchange at the opening bell Jan. 25, 2022. TIMOTHY A. CLARY | AFP | Getty Images The specter of rising interest rates is spooking the stock market. The Federal Reserve, the U.S. central bank, is expected to increase its benchmark rate several times this year

Westend61 | Westend61 | Getty Images If you’re like most people, the idea of a four-day workweek sounds appealing. While the jobs are few and far between, there has been a slow buildup of companies moving to the shortened week, either permanently or through a trial phase. Some have already implemented the perk. Others may

Representative Judy Chu, a Democrat from California, speaks during a news conference announcing the State and Local Taxes (SALT) Caucus outside the U.S. Capitol in Washington, D.C., on Thursday, April 15, 2021. Sarah Silbiger | Bloomberg | Getty Images As Democrats debate Build Back Better, the social and climate spending plan may still include changes to

Marko Geber | DigitalVision | Getty Images The IRS has issued all third-round stimulus payments to eligible Americans, the agency said Wednesday. However, new parents and other recipients who added dependents in 2021 may still qualify for additional money. The payments, up to $1,400 a person, were authorized by the American Rescue Plan Act, a

Terry Vine | DigitalVision | Getty Images It’s not uncommon for older couples to reach a point when nursing home care is needed for one spouse — and the cost isn’t something they were prepared for. Generally speaking, Medicare doesn’t cover such long-term care. While Medicaid steps in when a person’s financial resources are minimal,

Mihtiander | Getty Images The stock market’s wild ride this week may have you questioning your retirement investing strategy. On Monday, the Dow Jones Industrial Average shed more than1,100 points before rebounding to close slightly higher. However, Tuesday’s early market activity ushered in a new triple-digit drop before the index began to bounce back midday.

J. Kempin | Getty Images Entertainment | Getty Images The wild swings in the stock market may have you stressed about your investments. Yet if you took a page from self-made billionaire Warren Buffett, you shouldn’t be too concerned about daily market moves. “You’ve got to be prepared when you buy a stock to have

FatCamera | E+ | Getty Images Sometimes, retirement doesn’t end up sticking. If the workforce is luring you back after you retired and you’re already on Medicare, you may be able to choose whether to drop your coverage in favor of an employer health plan and then re-enroll down the road. However, there are a

People walk through the North American Bitcoin Conference held at the James L Knight Center on January 18, 2022 in Miami, Florida. Joe Raedle | Getty Images Bitcoin has had a difficult start to 2022. The top cryptocurrency fell below the $33,000 mark on Monday to its lowest point since July, before regaining some losses

US President Joe Biden speaks about the September jobs report from the South Court Auditorium at the White House in Washington, DC, on October 8, 2021. Olivier Douliery | AFP | Getty Images The U.S. government has sent an unprecedented amount of aid to Americans amid the Covid-19 pandemic. Yet the latest efforts to deploy

Jen Cousins, center, with her husband, Matt and their children Noel, 13, Saffron, 12, Milo, 8 and Poppy, 6. Jen Cousins Without a January child tax credit payment, Jen Cousins will have to wait a few extra months to replace the brakes on her minivan, the only car her family of six owns. Cousins, 44,

In this article ABT Leahannah Taylor graduated from Rutgers University with a master’s degree in biomedical sciences — and $59,000 in student debt — in 2019. She’s now debt-free. It took her less than two years to wipe out her student loan balances, she said, thanks to an enticing incentive offered by her employer. “My

This year’s tax filing season begins on January 24. Some new, younger investors may be in for a surprise.  Last year’s trading frenzy over “meme stocks,” such as AMC Entertainment and GameStop, could now have an unexpected impact on 2021 tax returns.  “Last year was a really interesting year in terms of investors, especially younger