Personal finance

Turner worker working on drill bit in a workshop Rainstar | E+ | Getty Images The Social Security retirement age is currently moving to age 67, and some lawmakers have called for pushing it even higher. But that may be a problem for a certain cohort: older workers in physically demanding jobs, according to a

Morsa Images | Digitalvision | Getty Images Retiring early is out and “soft saving” is in — at least according to Gen Z. Younger American adults are taking a more relaxed approach to their long-term financial security, a recent Prosperity Index study by Intuit found.  In the current climate, newly minted adults between the ages of

Jobseekers wait in line at a Nov. 2, 2023 career fair in Los Angeles. Frederic J. Brown | Afp | Getty Images The job market continues to show signs of cooling, but alarm bells aren’t ringing just yet, economists said. The U.S. economy added 150,000 jobs in October, the U.S. Bureau of Labor Statistics reported

A man walks by the Bank of America headquarters in New York on July 18, 2023. Eduardo Munoz | View Press | Getty Images Customers at several big banks on Friday wrestled with direct deposit delays stemming from an industry-wide processing issue. There was a surge of “outages” reported by banking customers Friday morning, including

In this article ZIP Follow your favorite stocksCREATE FREE ACCOUNT Filadendron | E+ | Getty Images Applying to multiple job openings can increase your chances of landing a new gig. However, if you’re thinking of sending out what one economist called a “firehose of applications” all at once and then just waiting for responses, think

Secretary of Education Dr. Miguel Cardona answers questions during the daily briefing at the White House Aug. 5, 2021. Win McNamee | Getty Images As student loan bills restarted in October for tens of millions of Americans, the companies that service those loans made errors that potentially violate federal and state consumer protection laws. In

This month, more than 200,000 first-generation American and low- and middle-income high school seniors will receive something unexpected: proactive college acceptance letters. As part of a strategy aimed at expanding college access, roughly 1 in 8 first-year students with a Common App account will get at least one offer of admission before they even apply.

Getty Images For millions of people, it’s time to compare benefits and prices and pick health coverage on the Affordable Care Act health insurance marketplaces. Open enrollment on those plans started on Nov. 1 and typically lasts through Jan. 15, though that will be extended to Jan. 16 in 2024 due to a federal holiday.

Fotostorm | E+ | Getty Images Morgan Lindsay didn’t mind that student loan bills were resuming in the fall. She’d applied for a new repayment plan over the summer, and her calculated monthly bill came to $0. But then, on Sept. 11, she found that her servicer, Mohela, or the Missouri Higher Education Loan Authority,

Andresr | E+ | Getty Images The IRS has announced new 2024 investor contribution limits for 401(k) plans, individual retirement accounts and other retirement accounts. The employee contribution limit for 401(k) plans is increasing to $23,000 in 2024, up from $22,500 in 2023, and catch-up contributions for savers age 50 and older will remain unchanged

High inflation and higher interest rates continue to weigh on American households. As of September, 62% of adults said they are living paycheck to paycheck, according to a new LendingClub report. The figure is unchanged from last year. “Living paycheck to paycheck remains the main financial lifestyle among U.S. consumers,” the report said. More from

In this article GM STLAM-IT F Follow your favorite stocksCREATE FREE ACCOUNT United Auto Workers members and supporters rally at the Stellantis North America headquarters in Auburn Hills, Michigan, on Sept. 20, 2023. Bill Pugliano | Getty Images News | Getty Images While predictions across the board about employee pay are forecasting slower wage growth

Jewel Inostroza was very excited when she bought her home in Newnan, Georgia, in 2008. “It seemed like it was a very nice, cozy, close-knit community,” said the 54-year-old. “Then it started turning into a horror story.” Inostroza is the only one listed on the deed, but she and her husband Enrique, 48, share financial

State and local pay transparency laws enacted over the last few years have more employers disclosing salary ranges in job descriptions. Yet, wages aren’t growing as expected. The growth of advertised wages for new hires is slowing, according to a report from job posting service ZipRecruiter — and in some cases, it’s reversing, with companies now

Thomas Barwick When it comes to Social Security, many people have one question: “Will my benefits be there when I retire?” Fears that the program could run out of money tempt some people to claim benefits as early as possible to get back the funds they have paid into the program for their retirement. Meanwhile,

President Joe Biden delivers remarks on new efforts to cancel student loan debt at the White House on Oct. 4, 2023. Kevin Dietsch | Getty Images President Joe Biden’s plans to cancel up to $400 billion in student debt for tens of millions of Americans were foiled over the summer at the Supreme Court. Still,

If you’re making $120,000 per year, saving $1 million for retirement might seem out of reach. But with a little dedication and the right timing, it’s certainly possible — if you stick to a clear plan. As a rule of thumb, most financial advisors suggest that you save 10% to 15% of your salary for

In this article AAPL Follow your favorite stocksCREATE FREE ACCOUNT Igor Golovniov | SOPA Images | LightRocket via Getty Images For many purchases, once you swipe your debit or credit card or click “buy now,” that transaction swiftly shows up as pending on your account. But that’s not always the case if you’re shopping in

Troy Millings, left, and Rashad Bilal, co-creators of Earn Your Leisure. Source: Tyrell Davis Rashad Bilal and Troy Millings are among a growing class of financial influencers who want to help people be smarter about money. The duo — a former financial advisor and a teacher, respectively — launched the podcast “Earn Your Leisure” nearly

People wait in line for a meal served by Queens Together, local restaurants and The First Baptist Church with help of Northwell Health and Ponce Bank in New York on May 6, 2023. Selcuk Acar | Anadolu Agency | Getty Images The share of U.S. households facing hunger is rising at an alarming pace. Nearly 13%