Personal finance

U.S. President Joe Biden speaks as he announces a new plan for federal student loan relief during a visit to Madison Area Technical College Truax Campus, in Madison, Wisconsin, U.S, April 8, 2024.  Kevin Lamarque | Reuters The Biden administration on Tuesday released the draft text of its new student loan forgiveness proposal, which could reduce or eliminate

President Joe Biden and Vice President Kamala Harris deliver remarks about healthcare in Raleigh, North Carolina on March 26, 2024. Peter Zay | Anadolu | Getty Images President Joe Biden and Vice President Kamala Harris have released their annual tax returns, and there are lessons within for average Americans, according to tax experts. The president

The American Dream — which for many people involves some combination of owning a home, getting married, having kids and making enough after expenses to save for retirement and spend on leisure — is becoming increasingly expensive. “The benchmark of a six-figure salary used to be the gold standard income,” Sabrina Romanoff, a clinical psychologist,

Few college admission cycles have been as hard on students as this one. National College Decision Day — the deadline most schools set to decide on a college — is just two weeks away. But many college hopefuls are still unsure of where they stand financially, as problems persist with the new Free Application for Federal Student Aid.

Aleksandarnakic | E+ | Getty Images When it comes to retirement, Americans have a new number in mind — $1.46 million — for how much they think they will need to live comfortably, according to new research from Northwestern Mutual. That estimate is up 53% since 2020, when Americans said they would need $951,000, as

President Joe Biden delivers remarks on canceling student debt on February 21, 2024 in Culver City, California. Mario Tama | Getty Images News | Getty Images President Joe Biden has announced his student loan forgiveness do-over plan. Biden rolled out the details of his Plan B less than a year after the Supreme Court struck

Simpleimages | Moment | Getty Images You don’t have to scroll far to find the #tradwives and #SAHGs (stay-at-home girlfriends) of social media who glamorize the extremes of domesticity, or the wives in Dubai who film their extravagant errands, such as picking up a Cartier bracelet and stopping for a facial on the way home.

A customer picks up a seasoning at a supermarket in Tokyo on February 27, 2024. Kazuhiro Nogi | Afp | Getty Images New government inflation data released on Wednesday came in hotter than expected. That may not be a surprise to consumers who are still feeling the weight of higher prices. Inflation — as measured

PhotoAlto/Dinoco Greco Getting a college degree seems increasingly less appealing.   Higher education, as a whole, is under pressure, experts say. Rising college costs and ballooning student debt balances have caused more students to question the return on investment.  As a result, fewer students are going that route. College degree earners fall nearly 3% For the

urbazon Tax Day is almost here and you have “options” if you can’t pay by the deadline, according to the IRS. April 15 is the federal due date for most taxpayers to file returns and pay levies — even with a tax extension, which pushes the filing deadline to Oct. 15. That’s the “biggest misconception”

U.S. President Joe Biden speaks about student loan debt forgiveness in the Roosevelt Room of the White House in Washington, D.C., on Aug. 24, 2022. Evan Vucci | AP The Biden administration announced Friday that it will forgive $7.4 billion in student debt for 277,000 borrowers. The latest round of loan cancellations is a result

millann | Getty If you are racing to file taxes, you could miss another key deadline: the April 15 due date for first-quarter estimated tax payments. Estimated tax payments typically apply to earnings from gig economy work, freelancing, small business, retirement or investing, which may have no tax withholdings. If you expect to owe at

Kosamtu | E+ | Getty Images Investors are jittery following a hotter-than-expected batch of inflation data on Wednesday, suggesting the fight to rein in consumer prices may take longer than expected. But there are categories of goods and services that have deflated — that is, their prices have actually dropped. Consumers have primarily seen prices

The Federal Reserve is in no rush to lower its benchmark rate. Earlier expectations that the central bank was planning multiple cuts before the end of the year seem less likely. On the heels of Friday’s strong jobs report, Wednesday’s consumer price index increased at a faster than expected pace in March. Both suggest that inflation is staying

US President Joe Biden speaks about student loan relief at Madison College in Madison, Wisconsin, on April 8, 2024.  Andrew Caballero-reynolds | AFP | Getty Images The Biden administration is moving ahead quickly with its new student loan forgiveness plan, with hopes of starting to wipe out people’s debts as soon as this fall. That

Cavan Images | Getty Images If you need more time for your taxes, there’s a quick, free way to file a federal tax extension online, according to experts. This season, 1 in 4 Americans don’t feel prepared to file their taxes — and 29% admit to procrastinating — according to a January survey from IPX1031,

If you’re having money problems, someone on TikTok has a solution. Between “cash stuffing,” the “100 envelope” method or the “no-spend” challenge, there’s no shortage of suggestions to better your financial standing. “The gamification can be kind of fun,” said Ted Rossman, senior industry analyst at Bankrate. But like any other quick fix, these can

Riska | E+ | Getty Images It may be a while longer before the Federal Reserve lowers interest rates, experts now say. That means savers can still earn the best returns on their cash in years, following a “nuclear winter for the better part of the last 15 years,” said Greg McBride, chief financial analyst

US President Joe Biden speaks about student loan relief at Madison College in Madison, Wisconsin, on April 8, 2024.  Andrew Caballero-reynolds | AFP | Getty Images President Joe Biden on Monday unveiled a new student loan forgiveness plan — and any of that relief dispensed in 2024 wouldn’t trigger a federal tax bill. But borrowers

President Joe Biden announced a new student loan forgiveness plan Monday, which when combined with his administration’s ongoing relief efforts could benefit tens of millions of borrowers. Narrower in scope than the first education debt relief effort that the Supreme Court ultimately blocked, Biden’s ”Plan B“ targets five specific groups of borrowers. Here’s the breakdown of who stands to benefit. 1. Borrowers