Personal finance

Delmaine Donson | E+ | Getty Images Getting divorced is often considered one of the most stressful life events. But, for some people, there could be an unintended positive outcome to splitting up: A boost in their work performance. In a study of people in the process of divorce, which is online in advance of

Xavier Lorenzo | Moment | Getty Images As interest rates go up, 2023 is shaping up to be a good time for savers who stand to earn more money on their cash. The Federal Reserve last week added a 0.25 percentage point rate increase in the latest in a string of rate hikes to combat

Drakula Images | Moment | Getty Images A $1 contribution today to a new Roth individual retirement account may not sound like much. But that seemingly small sum might save you a bundle in taxes down the road due to an under-the radar timing requirement. Your initial Roth IRA contribution starts the clock on something

In this article DLTR DG Follow your favorite stocksCREATE FREE ACCOUNT A man looks at frozen foods for sale at a Dollar Store in Alhambra, California on August 23, 2022. Frederic J. Brown | AFP | Getty Images Among all rising costs, sky-high grocery bills have been especially painful. Although the consumer price index, an inflation

Jose Luis Pelaez Inc | DigitalVision | Getty Images As Democratic lawmakers honor the anniversary of a national family and medical program for workers, they are calling for a national paid policy that would bring the U.S. in line with other industrialized nations. This Sunday, Feb. 5, marks the 30th anniversary of the Family and

Littlebee80 | Istock | Getty Images It’s been nearly three years since most people with federal student loans have had to make a payment on their education debt. The U.S. Department of Education has repeatedly cited specific dates for when the bills would resume, only to extend the pandemic-era break yet again. Most recently, amid

Fotostorm | E+ | Getty Images For a rising share of car owners, monthly auto loan payments appear to be evolving into a problem. While borrowers who are behind on their payments by more than 60 days represent a tiny portion of all outstanding auto loans — 1.84% — their ranks are growing, according to

Thomas Barwick | Digitalvision | Getty Images American workers are in the throes of a historic job market, characterized by low unemployment and layoffs, relatively fast-rising wages and a high degree of job-seeker confidence. Job trends in recent months reveal “a juggernaut” of a labor market, said Nick Bunker, head of economic research at the

Shapecharge | E+ | Getty Images As of this year, people new to Medicare won’t face big delays in coverage — an unenviable situation that some beneficiaries used to find themselves in. Thanks to legislation passed in late 2020, months-long delays in certain Medicare enrollment circumstances are now eliminated. Additionally, individuals who missed signing up

For most Americans, inflation and rising interest rates are a one-two punch. On the heels of another rate hike this week by the Federal Reserve, credit card annual percentage rates are already near 20%, on average, and set to climb even higher. At the same time, more consumers are leaning on credit to afford increasingly expensive

Douglas Rissing | Istock | Getty Images Shortly after President Joe Biden announced an unprecedented plan to cancel hundreds of billions of dollars of the country’s outstanding federal student loan debt, the legal challenges piled up. Republicans and conservative groups have now brought at least six lawsuits against the president’s plan, arguing it is harmful

AsiaVision | E+ | Getty Images Most Americans can file their taxes for free — but many don’t seize the opportunity. Roughly 70% of taxpayers qualify to use IRS Free File, but only 2% used it during the 2022 filing season, according to the National Taxpayer Advocate’s annual report to Congress. A public-private partnership between

Simpleimages | Moment | Getty Images There’s a decent chance that your state is holding money or other assets that belong to you — and government officials want you to have it. About 1 in 7 people — 33 million altogether — collectively have an estimated $70 billion worth of unclaimed property being held by

andresr | E+ | Getty Images More than 50 million workers quit their jobs in 2022, according to federal data, breaking a record set the year prior and demonstrating the resilience of a hot labor market characterized by ample job opportunity. The trend of workers voluntarily leaving their jobs began in early 2021, as the

Allison Michael Orenstein | Getty Images As the tax season kicks off, seniors may be facing new questions this year. A record 5.9% Social Security cost-of-living adjustment last year likely pushed up their income. Meanwhile, other income, such as required minimum distributions, other retirement account withdrawals or part- or full-time work may make filing more

Milan2099 | E+ | Getty Images For Medicare beneficiaries enrolled in an Advantage Plan, now’s the time to change your 2023 coverage if it’s not a good match. Each year between Jan. 1 and March 31, beneficiaries unhappy with the choice they made during Medicare’s annual open enrollment period — which ended Dec. 7 —

Westend61 When homeowners look for ways to fund home improvement projects or other expenses, sometimes a home equity line of credit emerges as an option. HELOCs, as they’re called, let you borrow money against a portion of your home’s equity — the difference between your mortgage balance and the house’s appraised value — up to

Shoppers in San Francisco on Dec. 21, 2022. David Paul Morris | Bloomberg | Getty Images Months of high inflation have weighed heavily on households. As of December, 64% of Americans were living paycheck to paycheck, according to a recent LendingClub report — up from 61% a year earlier and in line with the historic high first

Simpleimages | Moment | Getty Images Long Covid is keeping people out of work and may reduce on-the-job productivity for others, contributing to a labor shortage and weighing on the U.S. economy at large, according to a new study. Long Covid — also known as long-haul Covid, post-Covid or post-acute Covid syndrome — is a

Speaker of the House Kevin McCarthy, R-Calif., conducts a news conference in the U.S. Capitol’s Statuary Hall on Thursday, January 12, 2023. Tom Williams | CQ-Roll Call, Inc. | Getty Images Social Security and Medicare should be “completely off the table” when it comes to debt ceiling negotiations, House Speaker Kevin McCarthy said in a