Personal finance

JPMorgan Chase brought its Advancing Black Wealth Tour to Philadelphia on October 8, 2022. Photo: Steven CW Taylor & Salim Weldon of Steven Taylor Photography A new endeavor from JPMorgan Chase is trying to help close the racial wealth gap. The bank’s Advancing Black Wealth Tour, launched this spring, aims to give attendees the tools

Sarah O’Brien hard at work writing about personal finance. Salvatore Agostino One of the best benefits of being a personal finance reporter is my keen ability to recognize the many money mistakes I’ve made in my life. I’ve already divulged a few in the first iteration of this confessional two years ago. While some of

miodrag ignjatovic The nation’s youngest workers appear to be taking the save-for-retirement message to heart, research suggests. Defined as workers ages 18 to 25, Generation Z is saving an average of 14% of their income for their golden years, according to new study from BlackRock. Among millennials (ages 26-42), Gen Xers (ages 43-55) and baby

When it comes to getting into college, every little bit helps. Often college hopefuls turn to applying early to their top school to gain that edge. By demonstrating a preference to a particular college, studies have shown, an early application can give you a leg up, which goes a long way in the hyper-competitive world

Caroline Purser | The Image Bank | Getty Images The Biden administration could start discharging millions of Americans’ student debt as soon as Sunday. This is possible as some of the legal challenges brought against the sweeping policy by critics have failed in courts. A taxpayers group in Wisconsin earlier this week requested that the

Xavierarnau | E+ | Getty Images Social Security benefits will go up by more than $140 per month on average in 2023, as a record 8.7% cost-of-living adjustment kicks in. Exactly how much of an increase the approximately 70 million Americans who rely on the program for income will see will vary. More than 65

Under any conditions, families don’t like to skimp when it comes to the holidays. But with rising prices and fears of a recession, holiday shoppers are feeling less generous this season. Many consumers are planning to make fewer purchases — and at a discount, according to a recent holiday retail report by Deloitte. Still, households

Stefani Reynolds | Afp | Getty Images The U.S. Department of Education’s application for student loan forgiveness, which officially went live earlier this week, is surprisingly easy to fill out. Borrowers just need to provide some basic contact information and their Social Security number. That’s it. Well, for some. More from Personal Finance:How to save

Getty Images If you’re planning to sell investments or rebalance your taxable portfolio, you may be less likely to trigger a tax bill in 2023, experts say. This week, the IRS released dozens of inflation adjustments for 2023, including higher income tax brackets, increased standard deductions, bigger estate tax exclusions and more.  The agency also

Halfpoint | Istock | Getty Images Retirees who rely on Social Security benefits for income will get some relief from record high inflation when an 8.7% cost-of-living adjustment kicks in next year. But two factors — the size of Medicare Part B premiums and taxes on benefits — may offset just how much bigger those

Supreme Court nominee and U.S. Court of Appeals Judge Amy Coney Barrett on Capitol Hill in Washington, October 21, 2020. Ken Cedeno | Reuters The Supreme Court on Wednesday was asked to block the Biden administration’s student loan debt relief program, which is set to take effect this weekend. The request by the Brown County

Bernd Vogel | Getty Images Ultra-wealthy Americans can soon protect more assets from federal estate taxes, the IRS announced this week.  Starting in 2023, individuals can transfer up to $12.92 million to heirs, during life or at death, without triggering a federal estate-tax bill, up from $12.06 million in 2022.  Since married couples may share

Rising costs have chipped away at most Americans’ standard of living. As inflation pressures continue, two-thirds of working adults said they are worse off financially than they were a year ago, according to a recent report by Salary Finance. To make ends meet, many are dipping into their cash reserves or going into debt. Nearly three-quarters, or

Win-initiative/neleman | Stone | Getty Images The Biden administration officially launched the application for federal student loan forgiveness Monday — and scammers are already “on the move” to capture borrowers’ money and personal information, the Federal Trade Commission warned Tuesday. Tens of millions of Americans are eligible for debt cancellation. Borrowers may qualify for cancellation

Mike Mergen | Bloomberg | Getty Images If you’re a Medicare beneficiary, now’s the time to evaluate your prescription drug coverage for 2023. In addition to checking during Medicare’s annual fall open enrollment whether you can get a more cost-effective plan, you should be aware of some legislative changes taking effect next year that may

Workers are pushing for greater pay transparency, whether employers like it or not. Such conversations around income expectations used to be “the elephant in the room,” said Vicki Salemi, career expert at Monster.com. Now, 33% of job seekers said they would not even go to a job interview without first knowing the salary the employer

Wpadington | Istock | Getty Images President Joe Biden on Monday announced the official launch of the student loan forgiveness application. The news comes just days after the U.S. Department of Education made available on Friday evening an early version of its student loan forgiveness application. During the application’s short so-called beta period, Americans with

Student loan borrowers gather near The White House to tell President Biden to cancel student debt on May 12, 2020 in Washington, DC. Paul Morigi | Getty Images The U.S. Department of Education has launched its official application for student loan forgiveness, meaning tens of millions of Americans can now request the financial relief. The

Between Bill Gates’ pledge to give “virtually all” of his wealth away and Patagonia founder Yvon Chouinard’s recent decision to donate his entire company to fight climate change, it’s clear views of inherited wealth have changed. At the same time, the greatest generational wealth transfer in history is underway, with baby boomers set to pass to their children

Emily the Criminal Courtesy: John Patton Ford In the new film “Emily the Criminal,” the title character, played by actress Aubrey Plaza, is almost always in a state of fear. There are moments where Emily’s dread lifts: after one of her successful heists, when she’s painting in her apartment to classical music or when she’s