A ‘help wanted’ sign is posted in front of restaurant on Feb. 4, 2022 in Los Angeles. Frederic J. Brown | AFP | Getty Images The big raises that many Americans got over the past year are starting to get smaller. Workers in the private sector saw average wages grow by 5.1% in the past
Personal finance
Jbyard | Istock | Getty Images President Joe Biden made no mention of student loan forgiveness at his State of the Union address on Tuesday. Yet a spokesman for the administration says cancellation remains on the table. White House Chief of Staff Ron Klain said a decision on whether to forgive student debt through executive
Cabania | iStock | Getty Images Plus Despite ongoing challenges, the IRS has sent nearly 30 million tax refunds, worth about $103.2 billion, the agency reported Friday. While 29% of Americans worry about a smaller refund, according to a Bankrate survey, the average is currently $3,473 through Feb. 25, which is $658 larger than last
Morsa Images | DigitalVision | Getty Images Today’s teens are thinking differently about their future employment, and many have decided they don’t want to work for anyone else. About 60% of teenagers are more interested in someday starting their own business instead of working a traditional job, according to a March 1 survey from Junior
Whyframestudio | Istock | Getty Images Anyone who has felt burdened by medical debt may be familiar with that initial bout of panic when a big bill arrives. What may be worse, though, is what can happen to your long-term financial picture if you disregard it. Generally speaking, that debt can end up haunting you.
A taxi driver refuels a vehicle at a Gulf gas station in Boston on Mar. 1, 2022. Vanessa Leroy/Bloomberg via Getty Images The economic effects of Russia’s invasion of Ukraine a week ago have reverberated around the globe — leaving many households to wonder how the conflict might hit their wallet. The short answer: Prices
FatCamera | E+ | Getty Images President Joe Biden apparently hasn’t given up on a proposal aimed at reducing prescription drug prices, especially for retirees. In his State of the Union address Tuesday night, Biden called for capping insulin prices at $35 a month for all Americans, as well as allowing Medicare to negotiate prices
Brothers91 | E+ | Getty Images President Joe Biden called for passing a new federal paid family and medical leave policy in his State of the Union Address Tuesday night. However, the timing of when such a law could be put in place is still up in the air. The policy is part of Democrats’
Nitat Termmee | Moment | Getty Images Americans who invest in mutual funds and exchange-traded funds have largely been insulated from financial exposure to Russia amid its conflict with Ukraine. The reasons are twofold: First, fund managers who buy Russian debt or Russian company stock generally do so in small quantities; second, funds that buy
A volunteer unloads aid donations for refugees from Ukraine in a school gym in Kroscienko, Poland, on Feb. 27, 2022. Nurphoto | Nurphoto | Getty Images As the conflict between Russia and Ukraine intensifies, the humanitarian crisis is worsening, as well. More than half a million Ukrainians have fled the country since the fighting began Feb. 24,
Parents and children participate in a demonstration organized by the ParentsTogether Foundation in support of the child tax credit portion of the Build Back Better bill outside of the U.S. Capitol on Dec. 13, 2021. Sarah Silbiger | Bloomberg | Getty Images When President Joe Biden delivers his State of the Union address on Tuesday,
Getty Images Your filing status is the backbone of your tax return, and checking the wrong box can be costly. Yet many filers still confuse single and head of household, financial experts say. “Most people are not fully aware of the differences,” said Rose Swanger, a certified financial planner and enrolled agent with Advise Finance