Personal finance

U.S. President Joe Biden delivers his third State of the Union address in the House Chamber of the U.S. Capitol in Washington, D.C., on March 7, 2024. Shawn Thew | Via Reuters President Joe Biden urged lawmakers to “stand up for seniors” in his annual State of the Union address on Thursday, while pledging to

In his State of the Union address, President Joe Biden celebrated his administration’s progress in the fight against inflation. “Wages keep going up and inflation keeps coming down,” Biden said in the annual speech before Congress. To be sure, inflation has cooled while wages have ticked higher — but households are still struggling to keep up with the increased cost of living. More from Personal Finance:Why

Konstantin Trubavin | Cavan | Getty Images Investor psychology can be fickle. Consider this common scenario: The stock market hits a rough patch, and skittish investors bail and park their money on the sidelines, thinking it a “safer” way to ride out the storm. However, the math suggests — quite convincingly — that this is

Donald Trump, left, and President Joe Biden during the final presidential debate at Belmont University in Nashville, Tennessee, on Oct. 22, 2020. BRENDAN SMIALOWSKI | AFP | Getty Images With looming tax law changes slated for after 2025, there’s a lot at stake this election cycle and voters are already seeing plans from President Joe

Westend61 | Westend61 | Getty Images If you have a 401(k) plan — and about 60 million Americans do — chances are you are invested in a target-date fund. In fact, they are the default option for many plans, helping to explain why they make up nearly a quarter of 401(k) plan assets, according to

Securities and Exchange Commission Chairman Gary Gensler testifies before Congress on July 19, 2023. Win Mcnamee | Getty Images News | Getty Images The Securities and Exchange Commission on Wednesday voted 3-2 to issue a final rule that requires certain U.S. companies to disclose their risks related to climate change and how they contribute to

Andriy Onufriyenko | Moment | Getty Images One helpful way to think about the recent gold rally: it’s a case of schadenfreude. The yellow metal does well when other assets — and the world — are in trouble. As a result, prospective buyers should proceed with caution, experts say. Be prepared to root against your

Consumers as a whole are falling deeper in debt, and that has cost them. Cardholders coughed up a record-high $130 billion in credit card interest and fees in 2022, according to the latest tally from the Consumer Financial Protection Bureau. That was before credit card APRs moved even higher as the Federal Reserve continued raising its benchmark

The author, Bola Sokunbi Credit: Bola Sokunbi When it comes to managing money, women commonly use the word “fear” to describe what stands between them and the life they want. But achieving financial success means stepping out of our comfort zone, said Bola Sokunbi, founder of Clever Girl Finance and author of “Choosing to Prosper” —

Eric Raptosh Photography | Tetra Images | Getty Images It is often said that without risk, there is no reward. It’s a maxim that poker and chess pro Jennifer Shahade, author of “Play Like a Champion,” knows well. “In poker, risk and calibrating risk is the name of the game,” Shahade said during the CNBC

People walk through the gate on Harvard Yard at the Harvard University campus in Cambridge, Massachusetts, on June 29, 2023. Scott Eisen | Getty Images And just like that, Harvard University has regained its position as the ultimate “dream” school among college applicants. “It’s been a tough year for the brand,” said Hafeez Lakhani, founder

Damircudic | E+ | Getty Images Some of the recent developments for student loan borrowers may impact their 2023 tax filing. Here’s what the restart of the bills and any forgiven debt may mean ahead of the April 15 federal tax filing deadline, experts say. For many borrowers, the tax deduction is back There may