Personal finance

Fotostorm | E+ | Getty Images Most Americans nearing retirement expect Social Security to be their biggest source of income. Yet many of those people, ranging in age from 55 to 65, are unaware of the basics about the program, according to new research from MassMutual. About 43% of the 1,500 people surveyed do not

Fatcamera | E+ | Getty Images Now that a pandemic-era policy that guaranteed Medicaid enrollees wouldn’t be dropped from their coverage has come to an end, affected parents may be worried about how to keep their children insured. Under the Families First Coronavirus Response Act, states were required to provide continuous Medicaid coverage to enrollees in order

Some consider April 5 equal pay day for Asian American, Native Hawaiian and Pacific Islander women, marking the point into the new year that the average AAPI woman has to work to make the same pay white men earned in 2022. In other words, an AAPI woman has to work 15 months to earn what

Zeynepkaya | E+ | Getty Images It’s an especially expensive time for people with credit card debt, and the pain will likely only worsen with another expected interest rate hike coming from the Federal Reserve this week. Interest charges on credit cards tend to move with the Fed’s benchmark rate. The current national average rate

Maskot | Digitalvision | Getty Images The job market is still hot but is clearly slowing from the scorching levels seen during much of the past two years, according to labor experts. Job openings and voluntary worker departures (or, quits) declined in March, while the layoff rate increased, according to data issued Tuesday by the

Steve Prezant | The Image Bank | Getty Images May 1 is College Decision Day, the deadline many schools set for students to decide which college they will attend. One key consideration should be picking a school that doesn’t require taking on too much student debt, experts say. “Families are increasingly getting price-sensitive when choosing

Series I bonds will pay 4.3% annual interest through October, a drop from 6.89% in November amid falling inflation, the U.S. Department of the Treasury announced on Friday. There are two parts to I bond interest rates: a fixed rate that stays the same after purchase, and a variable rate, which changes every six months

In this article LC Follow your favorite stocksCREATE FREE ACCOUNT Some good news: Overall, fewer Americans are living paycheck to paycheck. As of March, the share of adults feeling stretched too thin fell to 60% from 62% in the previous month, according to a new LendingClub report. Many consumers have scaled back or picked up a

It’s never too early to start thinking about retirement. While the thought of funding your retirement adequately might be daunting, if you start planning now you’ll certainly be thankful later. It also might not be as difficult as you think. Retirement usually entails replacing your annual salary from a workplace with other income sources to

Consumers are sending mixed signals. For the most part, people are concerned about inflation and the direction of the U.S. economy. Consumer spending sank in March, according to Morning Consult. “Sticker shock” has taken a toll, the report found, with consumers more likely to walk away from a purchase because the price is too high. However, many

Viktorcvetkovic | Istock | Getty Images Shortly after the Supreme Court makes its expected ruling on the Biden administration’s sweeping student debt forgiveness plan, the loan bills are expected to resume. The U.S. Department of Education has said payments would be due again 60 days after the litigation over its student loan forgiveness plan resolves.

Peopleimages | Istock | Getty Images For many Americans, a comfortable retirement may feel out of reach. Retirement confidence has dropped significantly in 2023, marking the biggest decline since 2008 among both workers and retirees, according to a new report from the Employee Benefit Research Institute and Greenwald Research. Workers’ confidence dropped to 64% from

Series I bonds will offer a 4.3% interest rate through October, according to new rates issued by the U.S. Department of the Treasury on Friday. The new rate marks a decline from the 6.89% annual returns Series I bonds were offering for the six months ending in April. That record rate prompted higher demand for

Kateryna Onyshchuk | Istock | Getty Images This story is part of CNBC’s College Money Guide 2023, a series to help students and recent graduates understand their money and start their adult life off on a solid financial path. A lot of students are unprepared for one major thing when they go off to college:

The U.S. personal savings rate remains below its historical average, according to the U.S. Bureau of Economic Analysis. The seasonally adjusted annual rate of personal saving was 4.6% in February. That’s well below the average annual rate of more than 8%, according to the data, which traces back to 1959. In June 2022, the rate

Grace Cary | Moment | Getty Images Wholesale egg prices are poised to fall to $1 a dozen in coming weeks — the lowest level in almost two years — as prices undergo a dramatic retreat from record highs over the winter. Wholesale prices — which retailers like grocery stores pay to egg distributors —

Suriyapong Thongsawang | Moment | Getty Images Amid a barrage of headlines about layoffs and turmoil for banks, fears about an upcoming recession are mounting. Some people may be wondering how long a downturn last would last. Looking back at the length of previous economic slumps may provide some clues. There’s a committee of economists

Speaker of the House Kevin McCarthy, R-Calif., speaks to reporters in Statuary Hall in the U.S. Capitol after announcing his debt limit increase plan on the House floor on April 19, 2023. Bill Clark | CQ-Roll Call, Inc. | Getty Images As Republicans scramble to put together a plan to fix the nation’s debt limit,

At the very least, the Supreme Court‘s pending decision on President Joe Biden’s student loan forgiveness plan will shed more light on the overwhelming burden of education debt. Increasingly, borrowers are struggling under the weight of a growing tab. As of the latest tally, borrowers owe a combined $1.7 trillion. For those who start college but never finish, managing such

Alistair Berg | Digitalvision | Getty Images The following is an excerpt from “This week, your wallet,” a weekly audio show on Twitter produced by CNBC’s Personal Finance team. Listen to the latest episode here.  Americans are living longer — and it’s changing the nature of retirement planning. The classic retirement framework aims for seniors