Personal finance

Series I bonds will offer a 4.3% interest rate through October, according to new rates issued by the U.S. Department of the Treasury on Friday. The new rate marks a decline from the 6.89% annual returns Series I bonds were offering for the six months ending in April. That record rate prompted higher demand for

It’s never too early to start thinking about retirement. While the thought of funding your retirement adequately might be daunting, if you start planning now you’ll certainly be thankful later. It also might not be as difficult as you think. Retirement usually entails replacing your annual salary from a workplace with other income sources to

Grace Cary | Moment | Getty Images Wholesale egg prices are poised to fall to $1 a dozen in coming weeks — the lowest level in almost two years — as prices undergo a dramatic retreat from record highs over the winter. Wholesale prices — which retailers like grocery stores pay to egg distributors —

FatCamera | E+ | Getty Images If you had a surprise tax bill this season, it’s not too soon to prepare for next year, financial experts say. As of April 14, the IRS processed nearly 76 million refunds, with an average payment of $2,840, which is 8.5% smaller than refunds at the same point last

Kateryna Onyshchuk | Istock | Getty Images This story is part of CNBC’s College Money Guide 2023, a series to help students and recent graduates understand their money and start their adult life off on a solid financial path. A lot of students are unprepared for one major thing when they go off to college:

Suriyapong Thongsawang | Moment | Getty Images Amid a barrage of headlines about layoffs and turmoil for banks, fears about an upcoming recession are mounting. Some people may be wondering how long a downturn last would last. Looking back at the length of previous economic slumps may provide some clues. There’s a committee of economists

Speaker of the House Kevin McCarthy, R-Calif., speaks to reporters in Statuary Hall in the U.S. Capitol after announcing his debt limit increase plan on the House floor on April 19, 2023. Bill Clark | CQ-Roll Call, Inc. | Getty Images As Republicans scramble to put together a plan to fix the nation’s debt limit,

In this article YOU TNL SSVC MHI-AU COF V Follow your favorite stocksCREATE FREE ACCOUNT Choosing whether to rent or buy has never been a simple decision — and this ever-changing housing market isn’t making it any easier. With surging mortgage rates, record rents and home prices, a potential economic downturn and other lifestyle considerations,

Alistair Berg | Digitalvision | Getty Images The following is an excerpt from “This week, your wallet,” a weekly audio show on Twitter produced by CNBC’s Personal Finance team. Listen to the latest episode here.  Americans are living longer — and it’s changing the nature of retirement planning. The classic retirement framework aims for seniors

JGI/Jamie Grill After years of relatively low yields, certificates of deposit, or CDs, have recently shelled out higher rates, following a series of interest rate hikes from the Federal Reserve. While there’s uncertainty around the Fed’s future moves and the direction of interest rates, experts say CD ladders may capture higher yields while offering flexibility.

In this article UAL AAL TSLA NFLX SHOP-CA LYFT Follow your favorite stocksCREATE FREE ACCOUNT Okrasyuk | Istock | Getty Images Losing your job can be devastating financially and emotionally. Unfortunately, tens of thousands of people are experiencing that firsthand as the number of companies reducing their headcounts mount. This week, job cuts at Disney

Anastasija Vujic | Istock | Getty Images As the pace of hiring declines, teens in the market for summer jobs may also face a slightly slower market this year. However, those who want to work should be able to find opportunities, according to a new report. Teens are poised to see a gain of 1.1