Personal finance

Viktorcvetkovic | Istock | Getty Images Shortly after the Supreme Court makes its expected ruling on the Biden administration’s sweeping student debt forgiveness plan, the loan bills are expected to resume. The U.S. Department of Education has said payments would be due again 60 days after the litigation over its student loan forgiveness plan resolves.

Peopleimages | Istock | Getty Images For many Americans, a comfortable retirement may feel out of reach. Retirement confidence has dropped significantly in 2023, marking the biggest decline since 2008 among both workers and retirees, according to a new report from the Employee Benefit Research Institute and Greenwald Research. Workers’ confidence dropped to 64% from

Series I bonds will offer a 4.3% interest rate through October, according to new rates issued by the U.S. Department of the Treasury on Friday. The new rate marks a decline from the 6.89% annual returns Series I bonds were offering for the six months ending in April. That record rate prompted higher demand for

Kateryna Onyshchuk | Istock | Getty Images This story is part of CNBC’s College Money Guide 2023, a series to help students and recent graduates understand their money and start their adult life off on a solid financial path. A lot of students are unprepared for one major thing when they go off to college:

The U.S. personal savings rate remains below its historical average, according to the U.S. Bureau of Economic Analysis. The seasonally adjusted annual rate of personal saving was 4.6% in February. That’s well below the average annual rate of more than 8%, according to the data, which traces back to 1959. In June 2022, the rate

Grace Cary | Moment | Getty Images Wholesale egg prices are poised to fall to $1 a dozen in coming weeks — the lowest level in almost two years — as prices undergo a dramatic retreat from record highs over the winter. Wholesale prices — which retailers like grocery stores pay to egg distributors —

Suriyapong Thongsawang | Moment | Getty Images Amid a barrage of headlines about layoffs and turmoil for banks, fears about an upcoming recession are mounting. Some people may be wondering how long a downturn last would last. Looking back at the length of previous economic slumps may provide some clues. There’s a committee of economists

Speaker of the House Kevin McCarthy, R-Calif., speaks to reporters in Statuary Hall in the U.S. Capitol after announcing his debt limit increase plan on the House floor on April 19, 2023. Bill Clark | CQ-Roll Call, Inc. | Getty Images As Republicans scramble to put together a plan to fix the nation’s debt limit,

At the very least, the Supreme Court‘s pending decision on President Joe Biden’s student loan forgiveness plan will shed more light on the overwhelming burden of education debt. Increasingly, borrowers are struggling under the weight of a growing tab. As of the latest tally, borrowers owe a combined $1.7 trillion. For those who start college but never finish, managing such

Alistair Berg | Digitalvision | Getty Images The following is an excerpt from “This week, your wallet,” a weekly audio show on Twitter produced by CNBC’s Personal Finance team. Listen to the latest episode here.  Americans are living longer — and it’s changing the nature of retirement planning. The classic retirement framework aims for seniors

JGI/Jamie Grill After years of relatively low yields, certificates of deposit, or CDs, have recently shelled out higher rates, following a series of interest rate hikes from the Federal Reserve. While there’s uncertainty around the Fed’s future moves and the direction of interest rates, experts say CD ladders may capture higher yields while offering flexibility.

At the country’s top colleges, the most recent application season was the most competitive on record, but for some students, getting accepted was the easy part. The biggest problem that remains is how they will afford to go. To that end, The Princeton Review ranked colleges by how much financial aid is awarded and how satisfied students are with

In this article PRU Follow your favorite stocksCREATE FREE ACCOUNT Learning about money is the foundation of financial literacy and the key to achieving financial security. Yet financial education isn’t part of the curriculum in most U.S. schools.   Only eight states have fully implemented a requirement for all high school students to take one semester-long

Anastasija Vujic | Istock | Getty Images As the pace of hiring declines, teens in the market for summer jobs may also face a slightly slower market this year. However, those who want to work should be able to find opportunities, according to a new report. Teens are poised to see a gain of 1.1

In this article UAL AAL TSLA NFLX SHOP-CA LYFT Follow your favorite stocksCREATE FREE ACCOUNT Okrasyuk | Istock | Getty Images Losing your job can be devastating financially and emotionally. Unfortunately, tens of thousands of people are experiencing that firsthand as the number of companies reducing their headcounts mount. This week, job cuts at Disney

Halfpoint Images | Moment | Getty Images Sales of electric cars are poised for a boom, spurred by factors such as federal policy, technological advances and environmental concerns. To that point, 41% of Americans are at least somewhat likely to buy an electric vehicle as their next car, according to a recent poll from the

WASHINGTON, DC – FEBRUARY 27: Student loan borrowers gather at Supreme Court the evening before the court hears two cases on student loan relief to state the relief is legal and needs to happen immediately on February 27, 2023 in Washington, DC. (Photo by Jemal Countess/Getty Images for We The 45 Million) Jemal Countess |

Whitebalance.oatt | E+ | Getty Images For newcomers getting started in investing, or those who just want to ensure they’re making the wisest moves, experts generally have one piece of advice: Open a Roth individual retirement account. “There’s just no question that that is the better place” for their money, according to IRA expert and

In this article MORN Follow your favorite stocksCREATE FREE ACCOUNT Edwin Tan | E+ | Getty Images Breakups are always hard. The relationship with your financial advisor is no different. But there are some telltale signs it’s probably time to call it quits, experts say. “When it comes down to it, it’s a business relationship,”

Rosley Majid / Eyeem | Eyeem | Getty Images Following recent bank failures and ongoing market volatility, it may be tempting to try to time the market. Of course, buying low can be a good thing. But a continuous mindset of buying and selling in response to market changes may not be. Why? Because time