Personal finance

Maskot | Maskot | Getty Images The cost to raise a child has become expensive for parents in the U.S. As tax season approaches, it’s smart to pay attention to tax breaks related to children and care expenses. Costs for child care have increased significantly due to inflation. Many child care centers also bumped their

US President Joe Biden speaks at Abbotts Creek Community Center during an event to promote his economic agenda in Raleigh, North Carolina, on January 18, 2024.  Saul Loeb | AFP | Getty Images The Biden administration announced on Friday that it would forgive $4.9 billion in student debt for 73,600 borrowers. The relief is a

5M3photos | Moment | Getty Images As the start of tax season approaches, experts are warning filers about tax-related identity theft, an issue that often halts returns and delays refunds. Tax identity theft happens when criminals use your personal information to file a return in your name and claim your refund — and “it continues

Gen Zers are having a harder time making ends meet, let alone building wealth. Roughly 38% of Generation Z adults and millennials believe they face more difficulty feeling financially secure than their parents did at the same age, largely due to the economy, according to a recent Bankrate report. Gen Z is generally defined as those born between 1996 and

Momo Productions | Digitalvision | Getty Images Growing up in the age of the internet and technology, online shopping is second nature for Gen Zers. One-third, 32%, of Gen Z consumers shop online at least once a day, according to data from marketing firm Tinuiti. Yet, 80% of Gen Z drivers prefer to shop for

Pixelfit | E+ | Getty Images The labor market may be cooling but there are opportunities ahead, especially for new-collar workers. So called “new-collar” jobs typically require highly skilled workers and often come with salaries in the top half of the U.S. wage scale — but they don’t require a college degree. The term was

Chris Tobin | Digitalvision | Getty Images Beginning in February, certain student loan borrowers who have spent a decade in repayment will get their federal student loan debt forgiven, the Biden administration recently announced. Most borrowers need to make payments for 20 years or 25 years on an income-driven repayment plan before their debt is

Simpleimages | Moment | Getty Images Higher interest rates were good news in 2023 for savers who were able to earn the best rates on their cash in years. Even with the possibility of looming rate cuts by the Federal Reserve, 2024 still stands to be a great year for returns on cash. “Yields are

Hinterhaus Productions Senior lawmakers on Tuesday announced a $78 billion bipartisan tax agreement — including retroactive boosts to the child tax credit that could affect families filing this season. But the proposed legislation could still face hurdles, experts say. Retroactive to 2023, the plan would expand the child tax credit by broadening access, increasing the

When employees who contribute to a 401(k) plan leave a company, they have options for what to do with that money.  Depending on what the employer retirement savings plan allows, exiting employees may be able to keep the money in the current plan, roll it over into an IRA, or buy an annuity. In some cases,

Abraham Gonzalez Fernandez | Moment | Getty Images Student debt often makes it harder for people to save for retirement. But that may soon change. A provision in the Secure 2.0 Act of 2022, which had a delayed effective date of Jan. 1, 2024, allows employers to match workers’ student loan payments with contributions to

US President Joe Biden speaks at Montgomery County Community College in Blue Bell, Pennsylvania, on January 5, 2024. Mandel Ngan | AFP | Getty Images The Biden administration announced on Friday it would soon begin forgiving the student loans of borrowers who have been in repayment for a decade or more and originally took out