Personal finance

Between higher costs and a possible recession on the horizon, families feel increasingly strained financially.   More than half, or 58%, of all Americans are now living paycheck to paycheck, according to the CNBC Your Money Financial Confidence Survey, conducted in partnership with Momentive.  And even more — roughly 70% — said they feel stressed

Jackyenjoyphotography | Moment | Getty Images It may soon be tougher for consumers to get a $7,500 federal tax credit when buying a new electric vehicle, due to U.S. Department of the Treasury rules set to take effect in about a week. But there’s good news for prospective buyers: Those willing to buy a used

Liubomyr Vorona | Istock | Getty Images The Biden administration’s sweeping plan to cancel up to $20,000 in student debt for tens of millions of Americans may have an unintended, though hopefully temporary, consequence for some people, experts say. “For many borrowers, it will cause their credit scores to drop,” said higher education expert Mark

Gabriel Quezada, 17, is a senior at Early College High School in Costa Mesa, California. Gabriel Quezada As college costs soar and enrollment falters, there’s an alternative to a pricey four-year degree that’s been largely under the radar, until recently. But Gabriel Quezada, 17, was reluctant to try it. His father, Humberto Quezada, said he

Drakula & Co. | Moment | Getty Images Tax season can be stressful. Whether you filed early or you’re racing to meet the April 18 deadline, there are things to know to make the process easier. As of March 24, the IRS has processed more than 80 million returns and issued more than 59 million

Carlos Barquero | Moment | Getty Images Stock market volatility and talk about a possible recession may have people anxious about investing. However, that shouldn’t dissuade anyone from trying to build wealth, whether you are just starting out in your career, are middle-aged or are nearing retirement. “We can’t predict the future, but by thoughtful

IRS Commissioner Daniel Werfel testifies before a Senate Finance Committee hearing on Feb. 15, 2023. Kevin Lamarque | Reuters The IRS on Thursday released a plan for the nearly $80 billion in agency funding enacted through the Inflation Reduction Act in August — including expected boosts for customer service, technology and enforcement. “Now that we

Nicolas Economou/NurPhoto via Getty Images Travel to many European nations looked like a bargain heading into summer and fall last year thanks to a favorable exchange rate for American tourists. But the U.S. dollar has weakened considerably against the euro in recent months. As a record number of Americans are expected to travel abroad this

Nicole Chung Source: Carletta Girma In author Nicole Chung’s new memoir, “A Living Remedy,” she tells the story of watching both her parents die in the span of two years. It was all the more painful because of her mother and father’s inability to afford the medical treatments they needed. Chung blames the country’s broken

Greg Blomberg | EyeEm | Getty Images Americans traveling abroad may need to wait more than four months for a new passport — and delays are likely to worsen as the busy summer travel season approaches. That means international travelers should act soon if they’re planning a trip later this year or in 2024, travel

AscentXmedia | E+ | Getty Images Social Security and Medicare face an uncertain future, based on new annual reports from the programs’ trustees that were released last week. “Insolvency is in the near horizon,” said Marc Goldwein, senior vice president at the Committee for a Responsible Federal Budget, during a panel hosted by the non-partisan,

The disparity in wealth between Black and white households in the U.S. — referred to as the racial wealth gap — has paved the way for a significant retirement savings shortfall that is only growing, according to Thasunda Brown Duckett, president and CEO of TIAA. “There is a real problem,” she said Tuesday in a conversation with