Personal finance

bymuratdeniz | E+ | Getty Images One of the costs retirees pay — Medicare Part B premiums — may be increasing in 2024, driven by a new Alzheimer’s treatment on the market. The Medicare trustees projected in March that the standard monthly Part B premium may increase to $174.80 in 2024, an almost $10 monthly

Students at Wesleyan University Joanne Rathe | The Boston Globe | Getty Images In the wake of Supreme Court‘s ruling on affirmative action admission policies, Wesleyan University announced on Wednesday that it will end its policy of giving preferential treatment to legacy students. “We still value the ongoing relationships that come from multi-generational Wesleyan attendance, but there

The Powerball jackpot reached $1.08 billion on July 19, 2023. Joe Raedle | Getty It’s official: There’s a winner for the $1.08 billion Powerball jackpot — and the taxman will take a hefty cut. A single ticket sold in California matched all six numbers drawn on Wednesday night, making it the third-largest prize in the

The U.S. Department of Education in Washington, D.C. Caroline Brehman | CQ-Roll Call, Inc. | Getty Images Just weeks after the Supreme Court struck down President Joe Biden’s plan to cancel up to $20,000 of their debt, some borrowers got good news: The Biden administration announced it would be forgiving loans for more than 800,000

The Powerball jackpot has reached $1 billion by July 19, 2023. Scott Olson / Getty The Powerball jackpot has ballooned to an estimated $1 billion, raising the stakes for the next drawing at 10:59 p.m. ET on Wednesday night. It’s the third-biggest prize in the game’s history — falling behind the record $2.04 billion jackpot

Damircudic | E+ | Getty Images The looming end of a pandemic-era pause to student loan payments and interest puts a spotlight on a big difference between two types of debt: subsidized and unsubsidized loans. Interest accrual is among the primary differences between the federal loans — also known as Stafford Loans — which are

People rally in support of the Biden administration’s student debt relief plan in front of the the U.S. Supreme Court on Feb. 28, 2023. Drew Angerer | Getty Images News | Getty Images Following a Supreme Court ruling last month that effectively killed President Joe Biden’s original student loan forgiveness plan, the White House is quickly moving

Supporters of student debt forgiveness demonstrate outside the U.S. Supreme Court on June 30, 2023, in Washington, DC. Olivier Douliery | AFP | Getty Images If you’re expecting debt cancellation from the latest round of student loan forgiveness, there’s good news: It won’t trigger a federal tax bill. The Biden administration on Friday announced a

President Joe Biden and U.S. Secretary of Education Miguel Cardona, June 30, 2023. Demetrius Freeman/The Washington Post via Getty Images The Biden administration Friday said it would forgive $39 billion of student debt for 804,000 borrowers, many of whom may be wondering if the action will meet the same doom as the forgiveness plan killed

First tip prompts, now surcharges. These fees, which typically range between 3% and 5%, are catching on at restaurants across the country. They may cover health insurance, inflation, credit card transactions or even tap water. Similar to ‘tipflation,’ the extra expenses can add a significant amount to the cost of dining in or carrying out. More

Kate_sept2004 | E+ | Getty Images As Americans with student loan debt brace for their monthly payments to restart and recover from the recent sting of the Supreme Court’s ruling against loan forgiveness, some groups are looking to the workplace as a firewall to funnel aid to borrowers. SHRM, a group representing human resources professionals,

Supreme Court justices listen to arguments. Artist: Bill Hennessey When the Supreme Court struck down the Biden administration’s student loan forgiveness plan at the end of June, it dealt a crushing blow to the president as he runs for reelection and to the tens of millions of Americans who were promised the financial relief. Unsurprisingly,

While the thought of funding your retirement adequately might be daunting, if you start planning now, you’ll certainly be thankful later. It’s never too early to start thinking about retirement and it might not be as difficult as you think. Retirement usually entails replacing your annual salary from a workplace with other income sources to

zimmytws | iStock | Getty Images When it comes to Social Security benefits, a key deadline is looming: Benefits may be reduced in the next decade if no action is taken sooner. This week, the Senate Budget Committee met on Capitol Hill to consider the dilemma facing the program with a focus on a key

Jose A. Bernat Bacete | Moment | Getty Images Airfare to Europe hit an all-time high this summer. But those dissuaded by the sticker shock can still travel overseas in coming months and cut costs by perhaps hundreds of dollars a ticket. Flying to Europe from the U.S. during the fall “shoulder season” — in

President Joe Biden announces new actions on June 30, 2023 to protect borrowers after the Supreme Court struck down his student loan forgiveness plan. Chip Somodevilla | Getty Images The Biden administration announced on Friday it would automatically forgive $39 billion in student debt for 804,000 borrowers. The relief is a result of fixes to

A shopper at Lincoln Market in Brooklyn, New York, on June 12, 2023. Michael M. Santiago | Getty Images News | Getty Images Inflation slowed sharply in June to its slowest pace in more than two years, translating to less of a pinch on the average consumer’s wallet thanks to price relief across categories like

Jetcityimage | Istock | Getty Images As inflation falls, investors are weighing whether to buy or sell Series I bonds amid other competitive options for cash. Annual inflation rose by 3% in June, the smallest 12-month jump since March 2021, and a hefty pullback from 9.1% in June 2022, according to the U.S. Bureau of Labor

President Joe Biden announces new actions on June 30, 2023 to protect borrowers after the Supreme Court struck down his student loan forgiveness plan. Chip Somodevilla | Getty Images President Joe Biden doesn’t want the Supreme Court to get the final word on student loan forgiveness. “This fight is not over,” the president said in

damircudic | Getty There’s a key tax deadline approaching for past-due filers, with an estimated $1.5 billion in unclaimed refunds up for grabs. Nearly 1.5 million taxpayers still have pending refunds from 2019, with a median payment worth $893, according to the IRS. The last chance to file or amend 2019 returns to claim your