A pedestrian carries shopping bags in San Francisco, California, US, on Wednesday, June 1, 2022. David Paul Morris | Bloomberg | Getty Images Even as many people struggle to stretch their incomes amid high inflation, it turns out there’s money they already have they’re probably overlooking — unused gift cards. To that point, 47% of
Personal finance
Srdjanpav | E+ | Getty Images Many companies have announced layoffs in recent weeks, and others have hinted that cuts may be coming. Luckily, there are steps workers can take to prepare. “At the end of day, you can’t control what’s happening in the economy, but you can control building a strong professional resilience,” according
Some experts believe the Biden administration could announce a decision on whether to extend a more than two-year-long pause on federal student loan debt this week, ahead of the current Aug. 31 deadline. Many borrowers are hoping the Education Department will extend that break and announce up to $10,000 in loan forgiveness. Currently, about 44
andresr | E+ | Getty Images Medicare may seem like a maze when you first try to navigate it. After all, there are different “parts” to the federal health insurance program, which provides coverage for about 56.5 million individuals in the 65-and-older crowd. And, whether you’re reaching the eligibility age of 65 or you are
Drazen Zigic | Istock | Getty Images The U.S. Department of Education is giving federal student loan borrowers who’ve fallen behind on their debt a chance to get into current standing. As part of its “Fresh Start” initiative, the 7.5 million student loan borrowers who are in default will be able to return to repayment
kate_sept2004 | E+ | Getty Images The youngest workers entering the workforce — Gen Z, who range in age from 10 to 25 — showed dramatic adoption of individual retirement accounts, according to second quarter data released by Fidelity Investments this week. Fidelity IRAs owned by that generation increased 87% over the second quarter of
Impulse buys can quickly erode even the best financial plans. And yet, between sponsored posts on social media and “revenge spending,” they are nearly impossible to avoid. As the cost of living surges and more Americans say they are stretched too thin amid concerns about a possible recession, they’re dipping into their cash reserves and nearly half are falling
In this article FTCI Srdjanpav | E+ | Getty Images The Federal Trade Commission announced this week that it would send thousands of checks totaling more than $822,000 to student loan borrowers who lost money in a debt-relief scam. More than 14,500 consumers who paid money to a company that operated under the name Student
Getty Images As Generation X edges closer to retirement, inflation appears to be weighing more heavily on that age group than other adults. Compared with millennials (ages 26 to 41) and baby boomers (ages 58 to 76), a larger share of Gen Xers (ages 42 to 57) are concerned about the nation’s economic outlook, maintaining
Simonskafar | E+ | Getty Images President Joe Biden on Tuesday signed into law the Inflation Reduction Act, which contained the largest climate spending package in U.S. history. The legislation earmarks $369 billion for climate and energy policies, including financial incentives for consumers and businesses that take steps to boost energy efficiency and reduce greenhouse
Getty Images Another state has joined the growing list of those aiming to boost retirement savings among workers at companies that don’t offer a 401(k) or similar workplace plan. Delaware Gov. John Carney signed a bill into law on Thursday that will create a state-run program to automatically enroll eligible private sector workers in Roth
Treasury Secretary Janet Yellen speaking at a news conference on July 14. Made Nagi | Reuters With President Joe Biden‘s sweeping tax, health and climate package newly signed into law, Treasury Secretary Janet Yellen is asking the IRS to deliver a plan within six months for the agency’s nearly $80 billion in funding. “The Inflation