Personal finance

Senate Majority Leader Chuck Schumer, D-N.Y., and President Joe Biden arrive at the U.S. Capitol for a Senate Democratic luncheon on July 14, 2021. Drew Angerer | Getty Images News | Getty Images Senate Democrats aim to fund a $3.5 trillion budget measure partly on the backs of higher taxes for corporations and the wealthy,

kate_sept2004 | E+ | Getty Images It’s a historic day for U.S. families with children. Roughly $15 billion has been sent to 35.2 million families in the first of six advance child tax credit payments, according to the U.S. Treasury Department and IRS. The average payment in the first round is $423, and will reach

zimmytws | iStock | Getty Images The Social Security cost-of-living adjustment for 2022 could be 6.1% due to inflation, according to a new estimate. That would be the biggest increase since 1983, according to non-partisan advocacy group The Senior Citizens League, which calculated the figure. It’s also a bump up from last month’s estimate, when

Westend61 | Westend61 | Getty Images Medicare — the health insurance program relied on by most older Americans — would cover dental, vision and hearing under a budget agreement announced late Tuesday by Senate Democrats. The proposal for expanded coverage was included as part of a plan to spend $3.5 trillion over the next decade

Jon Feingersh Photography Inc | DigitalVision | Getty Images Workers may be dreaming of quitting their job as part of the post-pandemic “Great Resignation,” yet employers aren’t necessarily buying it, a survey from human resources software company Tinypulse found. On average, human resources and C-suite leaders expect only 8% of their employees will choose to

A Social Security Administration office in San Francisco. Getty Images There’s new leadership at the Social Security Administration. A number of retirement advocates are applauding the move. President Joe Biden fired Social Security Commissioner Andrew Saul on July 9. Saul, an appointee of former President Donald Trump, locked heads with Democrats earlier this year over

Bill Oxford | E+ | Getty Images Roughly 4 million refunds will be sent this week to people who overpaid taxes on their 2020 unemployment benefits, the IRS announced Tuesday. Due to the $1.9 trillion American Rescue Plan Act, which became law in March, up to $10,200 in 2020 unemployment compensation was excluded from taxable

Before Shira Berg, 30, heads to her workplace, she reserves a desk in advance.   The director at Autumn Communications helped her New York office implement a shared workstation system. With clients that include Amazon, Instacart and Goldbelly, the PR agency doubled in size during the pandemic. But adhering to Covid guidelines with just 27 desks

In this article DFS Last year, many high school seniors dramatically changed their expectations about the future. This year, more students are getting back on track. Nearly two-thirds of parents, or 63%, said their child’s post-high school plans have returned to what they were before the global pandemic, according to a report by Discover Student

Allyson Felix celebrates with her daughter Camryn after finishing second in the Women’s 400 Meters Final on day three of the 2020 U.S. Olympic Track & Field Team Trials in Eugene, Oregon. Patrick Smith | Getty Images Sport | Getty Images When runner Allyson Felix heads to Tokyo to compete in the Olympics, she’ll go

jittawit.21 | iStock | Getty Images With the pandemic proving hard to leave behind and the global economy still suffering, the stock market is having a bad week. The Dow Jones Industrial Average dropped about 350 points, or 1.1%, in early Thursday trading, and the S&P 500 fell 1.3%. But while it can be painful

Trevor Williams | DigitalVision | Getty Images The eldest millennials are now approaching 40 and have experienced a few major setbacks that have kept them from building wealth in their adult lives. First, they were hit by 2008 recession — at the time, the worst economic downturn the U.S. had seen since the Great Depression

Lindsey Gamard, 38, quit her job at a technology company during the pandemic. Courtesy: Lindsey Garnard Lindsey Gamard, 38, knew she wanted to quit her job when she saw many of her co-workers leaving. “It was like a sinking ship,” said Gamard, a data analyst who lives in San Tan Valley, Arizona. It didn’t help

Ines Fraile | iStock | Getty Images The Pennsylvania Higher Education Assistance Agency — which oversees loans of 8.5 million student borrowers — announced it would not renew its contract with the federal government when it ends later this year. Consumer advocates applauded the news because PHEAA, a quasi-governmental student aid organization created in 1963 by

ljubaphoto | E+ | Getty Images Millions of individuals and families stand to receive money from the government through stimulus checks and monthly child tax credit payments. However, many are still waiting on their stimulus checks, while others may not know how to sign up for the child tax credit payments. The IRS this weekend

lisegagne | E+ | Getty Images Some 39 million American families on July 15 will get the first of six advance monthly payments of the enhanced federal child tax credit. However, some of those families should elect to not receive the monthly payments, say financial experts, and instead wait to claim the entire credit when

If a student invested $1,300 in Netflix stock in 2014, after three years they would have $4,527. Jill Brady | Portland Press Herald | Getty Images Teenagers haven’t had a better summer for employment since 1953. In June, the unemployment rate for teenagers aged 16 to 19 was 9.9%, the lowest it has been since

A job seeker fills out an application form during a restaurant and hospitality career fair in Torrance, California, on June 23, 2021. Eric Thayer/Bloomberg via Getty Images The number of Americans out of work for at least a year jumped by 248,000 in June, underscoring persistent challenges for some households even as the broader labor

John Lund | Getty Images You’ve probably heard that you shouldn’t let your emotions drive your financial decisions. Yet that may be harder than it sounds, especially when the market sells off. In fact, there may be a number of psychological biases holding you back from building wealth. That’s because the part of our brain

Getty Images Strong jobs gains and falling unemployment point to progress in the U.S. economic recovery from the coronavirus pandemic. In June, the country added 850,000 jobs, more than expected, and is now 7.13 million below the February 2020 level. And by the end of June, weekly jobless claims slumped to 364,000, a coronavirus pandemic low, according