Personal finance

Although many Americans continue to face financial uncertainty due to the pandemic, the outlook for retirement savers is only improving. Retirement account balances, which took a sharp nosedive in 2020 when the coronavirus outbreak caused economic shock waves, are now at new highs, according to the latest data from Fidelity Investments, the nation’s largest provider

Brothers91 | E+ | Getty Images About 36 million American families have received a second batch of monthly child tax credit payments worth about $15 billion. Yet a survey from personal finance website MagnifyMoney finds that many Americans are still confused about how the payments work. Those who were most likely to lack clarity were

People line up outside a newly reopened career center for in-person appointments in Louisville, Kentucky, on April 15, 2021. Amira Karaoud | Reuters In just a few weeks, enhanced federal unemployment insurance put in place during the coronavirus pandemic will end as the delta variant continues to threaten the economic recovery. Some 7.5 million Americans

Thailand, now in the top five destinations customers of travel insurer Seven Corners are booking, requires visitors be insured for Covid treatment. Saowakhon Brown | Moment | Getty Images The ever-evolving Covid-19 pandemic is reshaping where Americans spend their travel dollars and how they protect that investment. That’s according to the latest findings from travel

EmirMemedovski Workers may soon get a better sense of how much income their retirement savings really will deliver later in life. As mandated in the 2019 Secure Act, 401(k) plan sponsors are preparing to provide illustrations on quarterly or annual statements showing an estimate of how much guaranteed lifetime income — via an annuity —

LaylaBird Investors may be cheering the stock market’s performance over the last year and looking to take a profit from their growing portfolios. But, doing so could mean they owe Uncle Sam. The stock market has been on a tear — today’s selloff notwithstanding — since slumping in March 2020 due to coronavirus concerns. On

ALEAIMAGE | iStock | Getty Images The Biden administration approved on Monday the biggest boost to food assistance benefits in the history of the Supplemental Nutrition Assistance Program, a reform that could impact as many as 42 million Americans. Starting in October, SNAP benefits will increase by an average of 25% above pre-pandemic levels. That

A company advertises a help wanted sign on April 09, 2021 in Pawtucket, Rhode Island. Spencer Platt | Getty Images Employment among the lowest-paid Americans has flatlined at a level well below its pre-pandemic baseline — even as mid- and high-wage workers have more than recovered. Jobs for workers who earn less than $27,000 a

In this article BCH.CB= TSLA A view of dogecoin commemorative coins, Yichang, central China’s Hubei province, May 9, 2021. Costfoto/Barcroft Media via Getty Images Dogecoin, the cryptocurrency named after a meme of a shiba inu dog, is rallying again. The digital coin jumped as much as 10% on Monday to more than 35 cents, according

Joan Bronson, of Chalmette Louisiana, is being treated for coronavirus disease (COVID-19) at the Ochsner Medical Center in Jefferson Parish, Louisiana, U.S., August 10, 2021. Kathleen Flynn | Reuters Persistent fatigue. Shortness of breath. Migraine headaches. These are a few of the symptoms that long-haul Covid-19 sufferers face. For some, it can make it impossible

dowell | Moment | Getty Images As stocks continue to hit record highs, you may be thinking about taking up investing. Since the Covid-19 pandemic hit, investors have been piling into stocks and alternative investments such as cryptocurrency. Fully 15% of current retail investors began playing the stock market in 2020, according to a Charles

InspirationGP | iStock | Getty Images It may be one of the first lines on the checklist for healthy finances: Having an emergency savings account. Can you cross it off? If so, that’s great. But even those with a cash cushion tend to make a number of mistakes, experts say. To start off, many people

Vstock LLC | Getty Images Federal stimulus and enhanced tax credits have provided benefits to millions of Americans. However, some low-income workers may not receive a boost. The earned income tax credit, known as the EITC or EIC, offers a write-off for low- and moderate-income families. To qualify, taxpayers must have earned income — wages

Tom Werner | DigitalVision | Getty Images More households got a monthly payment of the child tax credit in August, reaching an additional 1.6 million kids relative to July, the Treasury Department and IRS said Friday. The IRS disbursed $15 billion to families in the second round of payments, issued Friday to households with about

Every working parent was put to the test in 2020. Managing job responsibilities along with remote school and other household tasks caused some to fall behind professionally, at least temporarily, while others remain sidelined. “At the beginning, I thought he could work alongside me, but it proved to be really difficult,” said Sara Abate Rezvanifar,

andresr | E+ | Getty Images “The Great Resignation” is apparently still going strong across America. In fact, some people want to quit their jobs so badly, they are willing to go into debt to do it, a survey from Credit Karma found. Currently, 38% of U.S. workers are seeking employment elsewhere and 41% are

Getty Images Having a big wad of cash to invest means not only deciding what to buy, but when. If you’re debating between investing the money all at once or through regular deployments at set intervals (known as dollar-cost averaging), be aware that you’re more likely to end up with a higher balance down the

10’000 Hours | DigitalVision | Getty Images New Consumer Price Index data points to a possible 6.2% cost-of-living adjustment for Social Security recipients for 2022, according to the latest estimate from the Senior Citizens League. That’s up from a 6.1% estimate the nonpartisan senior advocacy group projected last month. Social Security’s annual cost-of-living adjustment is

skynesher | E+ | Getty Images People with federal student loan debt have about six more months of freedom from repayment and seeing interest accrue on their outstanding balances. In the meantime, they can put the money they would be paying towards those loans to work. The U.S. Department of Education in August extended the

Sen. Chuck Grassley, R-Iowa, during Attorney General nominee Merrick Garland’s confirmation hearing before the Senate Judiciary Committee on Feb. 22, 2021. Demetrius Freeman | Pool | Reuters The Senate approved a $3.5 trillion budget resolution early Wednesday after 14 hours of debate. Voting along party lines, Democrats blocked an amendment from Sen. Chuck Grassley, R-Iowa,