President Joe Biden visiting a library in Culver City, California, on Feb. 21, 2024. Irfan Khan | Los Angeles Times | Getty Images As the Biden administration prepares to forgive the student debt of tens of millions of borrowers — a move experts say could happen as soon as October — it has issued new

Ezra Bailey | Stone | Getty Images The unemployment rate jumped in July, and there’s a detail in the data that has alarmed some economists. So-called “marginally attached workers,” according to the Bureau of Labor Statistics, are those who are available to work and want a job, but have not searched for a job in

Westend61 | Westend61 | Getty Images Picture this: You walk into a big grocery store and everything is deeply discounted, said Winnie Sun, co-founder and managing director of Sun Group Wealth Partners in Irvine, California. “What would you buy that you know that your household would need for the future?” she said. “That could be

Minnesota Gov. Tim Walz, seen in Washington, D.C., on July 3, 2024, and Vice President Kamala Harris, seen in Washington, D.C., on July 22, 2024. Jim Watson, Chris Kleponis | AFP | Getty Images Vice President Kamala Harris has picked Minnesota Gov. Tim Walz as her running mate for the 2024 presidential election. That choice could

Traders on the floor of the New York Stock Exchange during afternoon trading on Aug. 02, 2024. Michael M. Santiago | Getty Images Recession fears led to a sharp stock-market selloff in recent days, with the S&P 500 index posting a 3% loss Monday, its worst in almost two years. Weaker-than-expected job data on Friday

With college more expensive than ever and a new financial aid application that’s been problematic from the start, families are, understandably, having a hard time figuring out how to pay the tab. As a new academic year gets underway, more students and their parents are turning to a familiar resource: student loans. How families pay

Getty Images Nearly half — 48% — of student loan borrowers expect debt forgiveness in the future. Many of those borrowers anticipate that the government will excuse them from their education loans, according to Sallie Mae’s annual How America Pays for College report. (Between April 8 and May 14, global market research company Ipsos conducted the

Jeremy Poland | E+ | Getty Images American consumers claimed $8.4 billion of Inflation Reduction Act tax breaks tied to boosting the energy efficiency of their homes in 2023, according to Internal Revenue Service data, a sum that exceeded officials’ projections. More than 3.4 million U.S. households claimed at least one of two tax breaks

Vice presidential candidate Minnesota Governor Tim Walz looks on during a campaign rally with U.S. Vice President and Democratic presidential candidate Kamala Harris in Philadelphia, Pennsylvania, U.S., August 6, 2024.  Elizabeth Frantz | Reuters As many retirees struggle to afford the basics, there’s been bipartisan support to exempt Social Security from income taxes. That policy

Credit card debt is on the rise. Americans now owe a record $1.14 trillion on their credit cards, the Federal Reserve Bank of New York reported Tuesday. The average balance per consumer stands at $6,329, up 4.8% year over year, according to a separate quarterly credit industryinsights report from TransUnion. Credit card delinquency rates are also higher