Personal finance

WASHINGTON, DC – APRIL 04: Supporters of The Debt Collective convene near the U.S. Department of Education to demand full student debt cancellation on April 04, 2022 in Washington, DC. (Photo by Leigh Vogel/Getty Images for MoveOn & Debt Collective) Leigh Vogel | Getty Images Entertainment | Getty Images Nearly 9 in 10 young Americans

Benjamin Gibson, a pharmacist in San Antonio, Texas, makes more than $100,000 a year and owns his own home. And yet, Gibson, 40, struggles to afford basic necessities, including groceries and gas. “When you are used to spending a couple of dollars on fruits and vegetables and then you’re paying a lot more, it stresses

Casarsaguru | E+ | Getty Images With a background of high inflation and the war between Russia and Ukraine still unfolding, April has been an unhappy month for stocks. The Dow Jones Industrial Average was down 0.89% for the past month to date as of Friday, for example, while the S&P 500 Index was down

Liudmila Chernetska | Istock | Getty Images The U.S. Department of Education recently announced a number of massive changes to the federal student loan system, which it says could bring millions of borrowers closer to debt forgiveness. Federal student loan borrowers have long run into serious issues, including misinformation from their servicers, too many choices

cdwheatley | E+ | Getty Images People have wide-ranging views of what it means to be “high net worth,” according to a survey from digital wealth manager Personal Capital. Yet most people — 74% — don’t see themselves ever fitting into that category. When 2,209 adults were asked what they would consider high net worth,

A “We’re Hiring” sign hangs on the front door of a toy store in Greenvale, New York, on Sept. 30, 2021. John Paraskevas/Newsday RM via Getty Images State cuts to pandemic unemployment benefits last summer had a small impact on hiring, suggesting enhanced funding for the unemployed didn’t play a big role in labor shortages,

Math teacher Marina White teaches Canyon High School seniors in Canyon Country, California, a lesson on investing and the power of compound interest. Helen Zhao | CNBC Millions of high school students across the U.S. will graduate in 2022 with one important course under their belt: personal finance. Recent momentum among states requiring personal finance

Today’s financially savvy teens are thinking a lot about cryptocurrency, blockchain and non-fungible tokens, or NFTs. Many of these young investors are curious about how they should start putting money into the often-volatile asset class. Experts say that new investors don’t need to shy away from cryptocurrency, but warn that they should educate themselves on

The U.S. Supreme Court in Washington, D.C. Al Drago | Bloomberg | Getty Images Efforts to expand a federal program for disabled, elderly and blind Americans suffered a setback on Thursday when the Supreme Court ruled that Puerto Rico residents should be excluded from receiving those benefits. The program, called Supplemental Security Income, or SSI,

Georgijevic | E+ | Getty Images If you had a surprise tax bill this filing season, it may be time to adjust your withholdings, financial experts say.  Whether you’re a W-2 employee or self-employed, the IRS expects an ongoing piece of your income, paid through withholdings or quarterly payments. As of April 8, nearly 68% of

Getty Images Many employers offer their workers benefits beyond just health insurance and retirement planning. These perks can range from mental health services to financial advice and can be used to grow your personal wealth. But many workers don’t know what benefits they’re eligible for. In fact, some 32% of employees said they are confused

Rep. Judy Chu, D-Calif., speaks during a news conference announcing the State and Local Taxes (SALT) Caucus outside the U.S. Capitol. Sarah Silbiger | Bloomberg | Getty Images The U.S. Supreme Court has rejected a challenge from New York and three other states to overturn the $10,000 limit on the federal deduction for state and

Skyrocketing student debt has been devastating for young adults. As the cost of college has risen, more students have had to borrow to help pay for school. Now, recent graduates are delaying some of life’s major milestones because of their loan burdens.  Americans across all generations have made such sacrifices, from saving for retirement to

MoMo Productions | DigitalVision | Getty Images Americans are spending hundreds of dollars more every month due to inflation. For those in their golden years, it could mean trying to stretch an already tight retirement income. Consumer prices jumped 8.5% in March from a year ago, according to the U.S. Department of Labor. That includes

Millions of student loan borrowers will be closer to debt forgiveness after a number of changes the U.S. Department of Education plans to make to the lending system. The Department made the announcement Tuesday, saying it plans to address “historical failures in the administration of the federal student loan programs.” Those changes include reassessing the

Lee Jimenez, a teacher at Indian Hill Elementary School in Cincinnati, Ohio, discusses credit cards and methods of payments with his 3rd grade class using online financial education curriculum SmartPath. SMARTPATH There’s momentum for personal finance education becoming law in many states across the country. Even more states could pass legislation this year to make

Steven Heap/EyeEm/Getty Images It’s finally here: April 18 is the 2021 federal tax filing deadline for most Americans. As of April 8, the IRS had received more than 103 million returns and sent 70 million refunds, totaling over $222 billion. But that still leaves millions to be filed with limited time remaining.  Doug Campbell, a CPA and

urbazon | E+ | Getty Images When the Covid-19 pandemic hit, many Americans felt the financial shock of a sudden drop in income. If the same kind of event were to happen today, many people would still struggle financially, according to a poll conducted by the Bipartisan Policy Center, Funding Our Future coalition and Morning

Eric Audras / Getty Images What type of insurance should you have at different stages of your life? When asked, financial advisors pointed to disability and life insurance as most important kind of coverage at any stage, as they apply throughout our lives. In addition, advisors discussed often overlooked considerations for different points in your

The Gray Bee Investors researching potential investments during a recent meeting. Mike Scanlan There’s real money on the line for the investing club at St. Benedict’s Preparatory School in Newark, New Jersey. This year, the Gray Bee Investors club — made up of about 15 high school students — is helping make investing decisions for