Personal finance

The amount of student loan debt in the United States is $1.8 trillion dollars — and counting. The price to get an education has never been more expensive. The student loan crisis has affected a lot of students but statistics show that it disproportionately affects the Latinx community. Around 72% of Latinx students take out

Dana Neely | Taxi | Getty Images Medicare beneficiaries may already be aware that the big jump in their 2022 Part B premiums is partly due to the cost of a single drug. Yet why all enrollees are picking up the tab for Aduhelm — a controversial new medicine designed to slow cognitive decline with

Ines Fraile | iStock | Getty Images Over the course of the pandemic, most people’s office clothes hung in their closets, untouched. Now, with many companies announcing that they’re going fully remote post-Covid, or requiring employees to come in only a few days a week, much of that clothing may become permanently irrelevant for you.

Throughout our lives as students, we work hard to get a good education that will lead us to a solid job and fruitful career. But we aren’t prepared for what happens after graduation — responsibilities such as finding a place to live, getting that first job and paying rent and other bills. You can’t just

Sporrer/Rupp | Image Source | Getty Images How much do you think you’ll need to save for retirement? If you’re in one of these major cities, the answer will be at least $1 million to live an average lifestyle, according to MagnifyMoney. To find the amount needed to retire in each city, analysts used data

In this article CTRU bunhill | E+ | Getty Images A new exchange-traded fund aims to give investors a way to turn corporate transparency into tangible returns. The Ark Transparency ETF, which trades under the ticker CTRU, is the newest product from Ark Investment Management, led by CEO and chief investment officer Cathie Wood. The

RyanJLane | E+ | Getty Images With a rising cost of living, investors may be eyeing I bonds, an inflation-protected and nearly risk-free asset, paying a 7.12% annual rate through next April.  While I bonds have relatively low purchase limits, couples may leverage a year-end strategy to increase their holdings.    Annual inflation rose by 6.8% in

It’s become impossible to ignore that prices are going up.  Last month, inflation accelerated at its fastest pace since 1982. The consumer price index, which measures the cost of a wide-ranging basket of goods, rose 0.8% for the month. Year over year, prices jumped 6.8%.  “Households are facing higher prices at every turn,” said Greg

Rep. Bill Pascrell, D-N.J., speaks at a news conference announcing the State and Local Taxes (SALT) Caucus outside the U.S. Capitol on April 15, 2021. Sarah Silbiger | Bloomberg | Getty Images House Democrats’ $1.75 trillion spending package boosts the limit on the federal deduction for state and local taxes, known as SALT, to $80,000

Senate Majority Leader Chuck Schumer, D-N.Y., outside the Senate Chambers of the Capitol on Dec. 7, 2021. Anna Moneymaker | Getty Images News | Getty Images The Senate will soon consider whether to implement a plan for a federal paid family and medical leave as part of the Build Back Better bill. Advocates are campaigning

The pandemic has taken a hefty toll on retirement security for many in the U.S. About 17% of Americans said they’re saving less for retirement due to Covid’s impact on their finances, according to a recent survey by The Penny Hoarder. And yet, nearly as many — roughly 16% — said they are saving more

Inflation is too high and the central bank needs to move quicker to get it under control by raising interest rates, said Gilbert Garcia, a managing partner at Garcia Hamilton & Associates in Houston. “I wished we’d retire the word ‘transitory,'” Garcia said, at the CNBC Financial Advisor Summit on Wednesday, speaking of predictions that