Personal finance

dusanpetkovic | iStock | Getty Images A push to rein in the cost of prescription drugs for Medicare beneficiaries could emerge on Capitol Hill in the coming months. President Joe Biden called on Congress last week to reduce those costs through several means: letting Medicare negotiate with drug manufacturers, generally limiting price increases to the

Brothers91 | E+ | Getty Images About 36 million American families have received a second batch of monthly child tax credit payments worth about $15 billion. Yet a survey from personal finance website MagnifyMoney finds that many Americans are still confused about how the payments work. Those who were most likely to lack clarity were

People line up outside a newly reopened career center for in-person appointments in Louisville, Kentucky, on April 15, 2021. Amira Karaoud | Reuters In just a few weeks, enhanced federal unemployment insurance put in place during the coronavirus pandemic will end as the delta variant continues to threaten the economic recovery. Some 7.5 million Americans

Thailand, now in the top five destinations customers of travel insurer Seven Corners are booking, requires visitors be insured for Covid treatment. Saowakhon Brown | Moment | Getty Images The ever-evolving Covid-19 pandemic is reshaping where Americans spend their travel dollars and how they protect that investment. That’s according to the latest findings from travel

LaylaBird Investors may be cheering the stock market’s performance over the last year and looking to take a profit from their growing portfolios. But, doing so could mean they owe Uncle Sam. The stock market has been on a tear — today’s selloff notwithstanding — since slumping in March 2020 due to coronavirus concerns. On

EmirMemedovski Workers may soon get a better sense of how much income their retirement savings really will deliver later in life. As mandated in the 2019 Secure Act, 401(k) plan sponsors are preparing to provide illustrations on quarterly or annual statements showing an estimate of how much guaranteed lifetime income — via an annuity —

ALEAIMAGE | iStock | Getty Images The Biden administration approved on Monday the biggest boost to food assistance benefits in the history of the Supplemental Nutrition Assistance Program, a reform that could impact as many as 42 million Americans. Starting in October, SNAP benefits will increase by an average of 25% above pre-pandemic levels. That

A company advertises a help wanted sign on April 09, 2021 in Pawtucket, Rhode Island. Spencer Platt | Getty Images Employment among the lowest-paid Americans has flatlined at a level well below its pre-pandemic baseline — even as mid- and high-wage workers have more than recovered. Jobs for workers who earn less than $27,000 a

In this article BCH.CB= TSLA A view of dogecoin commemorative coins, Yichang, central China’s Hubei province, May 9, 2021. Costfoto/Barcroft Media via Getty Images Dogecoin, the cryptocurrency named after a meme of a shiba inu dog, is rallying again. The digital coin jumped as much as 10% on Monday to more than 35 cents, according

Joan Bronson, of Chalmette Louisiana, is being treated for coronavirus disease (COVID-19) at the Ochsner Medical Center in Jefferson Parish, Louisiana, U.S., August 10, 2021. Kathleen Flynn | Reuters Persistent fatigue. Shortness of breath. Migraine headaches. These are a few of the symptoms that long-haul Covid-19 sufferers face. For some, it can make it impossible

Hero Images | Getty Images You may know that once you reach age 65, you’re eligible for Medicare. What surprises many people, say experts, is the cost. Even as Democratic lawmakers in Congress want to expand the health insurance program to cover dental, vision and hearing as part of their $3.5 trillion budget plan, those

New travel app Elude matches users and their budgets with affordable trips. Herman Sheer | Elude Thinking about finally taking that vacation, yet all you’re sure about is your budget? How about just your preferred activities, or that you want to pay for it with loyalty points? There are now travel apps for that —

dowell | Moment | Getty Images As stocks continue to hit record highs, you may be thinking about taking up investing. Since the Covid-19 pandemic hit, investors have been piling into stocks and alternative investments such as cryptocurrency. Fully 15% of current retail investors began playing the stock market in 2020, according to a Charles

Vstock LLC | Getty Images Federal stimulus and enhanced tax credits have provided benefits to millions of Americans. However, some low-income workers may not receive a boost. The earned income tax credit, known as the EITC or EIC, offers a write-off for low- and moderate-income families. To qualify, taxpayers must have earned income — wages

Tom Werner | DigitalVision | Getty Images More households got a monthly payment of the child tax credit in August, reaching an additional 1.6 million kids relative to July, the Treasury Department and IRS said Friday. The IRS disbursed $15 billion to families in the second round of payments, issued Friday to households with about

InspirationGP | iStock | Getty Images It may be one of the first lines on the checklist for healthy finances: Having an emergency savings account. Can you cross it off? If so, that’s great. But even those with a cash cushion tend to make a number of mistakes, experts say. To start off, many people

In this article 1735-TW Erin Scott/Bloomberg via Getty Images The Labor Department is pumping $240 million into the nation’s unemployment system to fight ongoing fraud, part of a broader effort to fix flaws in the system exposed by the Covid pandemic. Criminals have targeted unemployment benefits at a high rate since spring 2020, after federal

Getty Images Having a big wad of cash to invest means not only deciding what to buy, but when. If you’re debating between investing the money all at once or through regular deployments at set intervals (known as dollar-cost averaging), be aware that you’re more likely to end up with a higher balance down the

milan2099 | E+ | Getty Images If you are living overseas when you reach age 65, don’t overlook Medicare. That’s the age when you should sign up unless you meet an exception. And depending on how long you plan to remain abroad or whether you are working there, it may make sense to be on

skynesher | E+ | Getty Images People with federal student loan debt have about six more months of freedom from repayment and seeing interest accrue on their outstanding balances. In the meantime, they can put the money they would be paying towards those loans to work. The U.S. Department of Education in August extended the