Personal finance

Federal Reserve Bank Chair Jerome Powell speaks during a news conference at the bank’s William McChesney Martin building on March 20, 2024 in Washington, DC.  Chip Somodevilla | Getty Images Slowly but surely, recessionary talk is dying down and confidence in the Federal Reserve is picking up. Last week, the central bank held its benchmark
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Martinprescott | E+ | Getty Images Millions of older adults who are behind on their student loans could soon receive a smaller Social Security benefit. That was the warning from Democratic lawmakers, including Sen. Elizabeth Warren, D-Mass., and Sen. Ron Wyden, D-Ore., in a recent letter to the Biden administration. “When borrowers are in collections,
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While the benefits of having children are shared between both parents, it is mothers who bear the brunt of the costs, according to a recent study published in the Proceedings of the National Academy of Sciences. Despite women’s increasing levels of education and representation in senior leadership positions at work, women are still more likely than men to take time out
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10’000 Hours | Digitalvision | Getty Images There’s still time to lower your 2023 tax bill or boost your refund with a lesser-known retirement savings strategy for married couples. One requirement for individual retirement account contributions is “earned income,” such as wages or salary from a job or self-employment earnings. But there’s an exception for
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10’000 Hours | Getty Images Nearly two-thirds of the country’s outstanding student debt is held by women. Women graduate college owing $2,700 more, on average, than their male counterparts, according to the American Association of University Women. Among undergraduate students in bachelor’s degree programs in 2019-2020, 54% of men graduated with student loans, compared to 66%
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As problems with the new Free Application for Federal Student Aid persist into the spring, harsh words are being directed at the U.S. Department of Education. Former top student loan official Wayne Johnson accused the Education Department of “malicious negligence” in a recent letter written to U.S. Secretary of Education Miguel Cardona and other senior officials and
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Female firefighter putting on her protective equipment inside the fire station in response to an emergency Trevor Williams | Digitalvision | Getty Images The Biden administration’s latest student loan forgiveness announcement contained good news for more people than the 77,700 borrowers eligible for this round of aid. Starting next week, the administration said, President Joe
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For decades, research showed that earning a degree is almost always worthwhile. Recent college graduates working full-time earn $24,000 more a year than those with just a high school diploma, according to newly released data from the Federal Reserve Bank of New York. Additionally, finishing college puts workers on track to earn a median of $2.8 million over
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Margot Robbie as Barbie in a movie from Mattel and Warner Bros. Mattel | Warner Bros. In the “Barbie” movie, the narrator says, “Barbie has a great day every day.” It might be because she gets to be what her heart desires. The film’s Barbies participate in a wide range of roles and professions, from
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