President Joe Biden and Secretary of Education Miguel Cardona. Washington Post | Washington Post | Getty Images It’s been nearly three years since people with federal student loans have had to make a payment on their debt, and the Biden administration recently announced that borrowers have even more time. In March 2020, when the coronavirus … Read more
Boonchai Wedmakawa and | Moment | Getty Images The collapse of FTX, one of the largest cryptocurrency exchanges in the world, has swept across the world of digital currencies. Once valued at $32 billion, FTX filed for bankruptcy protection and founder Sam Bankman-Fried stepped down as CEO after reports said the company lent billions of … Read more
(justin pope) Retirees feeling squeezed by the highest inflation in decades are getting some relief. The Social Security Administration announced that benefits will receive an 8.7 percent cost of living adjustment (COLA), the largest increase since 1982. In pure dollar terms for the average Social Security beneficiary, it will be the largest COLA ever recorded. … Read more
Thomas Barwick | Digitalvision | Getty Images Many families struggle to make money when faced with an unexpected $400 expense. That lack of emergency savings can force them to borrow money at high interest rates to pay for surprise spending, putting their financial security at risk. Now Congress has a window to address the issue … Read more
Dan Caplinger, The Motley Fool, Thanksgiving is here, and before you know it, it’s time to start planning New Year’s Eve parties. But beyond the holiday shopping, planning family trips, and all that comes with the holiday season, it’s important to get your tax planning done before the end of December. In particular, there are … Read more
Dan Caplinger, The Motley Fool, Thanksgiving is here, and before you know it, it’s time to start planning New Year’s Eve parties. But beyond the holiday shopping, planning family trips, and all that comes with the holiday season, it’s important to get your tax planning done before the end of December. In particular, there are … Read more
Black Friday bargain hunters shop at a Walmart store in New Jersey on November 26, 2021. Tayfun Coskun | Anadolu Agency | Getty Images More and more Americans are struggling financially just as the peak shopping season takes over. However, shoppers will continue to shell out an average of $1,455 on holiday gifts, in line … Read more
Artist Photography | E+ | Getty Images Televisions are just a handful of consumer goods and services that have dropped in price over the past year, which could translate into steep discounts for shoppers on Black Friday and Cyber Monday. Additionally, according to a recent survey by the Consumer Technology Association, 38% of shoppers say … Read more
People who pay the bills may notice this, but Americans as a whole don’t seem to pay much attention to the cost of living. Too often the cost of living is an abstract concept that breadwinners admit they face, but often never do. What is the cost of living? It is the total amount of … Read more
Investing money for retirement can be daunting, especially since it’s common for future retirees to worry about whether or not they’ll have enough money to last them into their golden years. There are a few rules of thumb out there aimed at helping you figure out where you stand in retirement savings. One analysis found … Read more