Financial expert says bank collapses not a cause for alarm, but advises to diversify assets
“So, quite frankly, most of us don’t have $250,000 sitting in a bank - so the direct impact is probably little to none,” he said.
Tax Season 2023: Here's how the Inflation Reduction Act might impact your refund this year
The IRS received nearly $80 billion in funding under the Inflation Reduction Act and said it has already hired more than 5,000 new telephone assistors and added more in-person staff to help taxpayers with filing this year.
Best place to retire? This state just beat Florida, according to a new study
WalletHub compared the 50 states across 47 key indicators of retirement-friendliness including affordability, health-related factors and overall quality of life.
IRS ends COVID-19 tax credits: Here's what you need to know before filing in 2023
Among the several pandemic tax credits returning to 2019 levels is the Child Tax Credit. Filers will get $1,600 less in credit for 2022 for each qualifying child under age 17.
Biden administration unveils defense of student loan forgiveness plan at Supreme Court
The Biden administration launched its defense of its student loan forgiveness plan before the Supreme Court. Here’s how to lower your student loan monthly payments.
New IRS tax brackets take effect in 2023, meaning your paycheck could be bigger
Tax brackets are to shift higher by 7% this year.
How Federal Reserve’s series of rate hikes could affect your finances
As interest rates increase, many economists say they fear a recession could happen — and with it, job losses that may cause hardship for households already badly impacted by inflation.
Nearly half of Americans expect to go into debt buying holiday gifts
Nearly half of Americans expect to go into debt during the holidays this year. Here’s how to pay down your holiday debt quickly.
Millions of Americans mistakenly notified of student debt forgiveness approval due to ‘human error’
According to an Accenture spokesperson, an email was “sent to a number of student loan debt relief applicants with an inaccurate subject line.”
Supreme court to hear arguments on Biden's student loan forgiveness plan next year
The Supreme Court will rule over the legality of Biden's student loan forgiveness plan, but private loan borrowers won't qualify if it gets approved. Here's what to do if you can't get student loan relief.
Biden administration extends student loan payment pause into 2023
The Biden administration’s federal student loan payment pause has been extended through June 30, 2023. Here’s what to do if you don’t qualify for relief.
18% of Disney park goers rack up debt, but most have no regrets, survey reveals
Inflation is on the rise, and Mickey’s friends are feeling it too.
Republicans likely take House, Senate undecided: What midterm election means for you
Here's where the midterm election results stand, and what it means for the future economy.
Biden administration relaxes rules for student debt forgiveness
Education Secretary Miguel Cardona called it a “monumental step" that will make it faster and simpler to get debt relief.
Gas prices drop amid wavering consumer demand, AAA says
Gas prices fell last week as consumer demand dropped from last year, and this downward trend could continue in the coming weeks, according to AAA.
Many borrowers took out student loans anticipating debt forgiveness, survey says
Many student loan borrowers took out loans in recent years with the belief that the Biden administration would cancel student loan debt, a recent survey said.
Gas prices surge to $5 per gallon, reaching all-time high: AAA
Gas prices hit $5 per gallon in June, marking a new all-time high, according to data from AAA.
White House pledges to close affordable housing gap in 5 years
The Biden administration announced new measures to ease the housing shortage and bring back affordable housing over the next five years.
Here's who has qualified for student loan forgiveness under Biden
The Biden administration has forgiven federal student debt through four major loan forgiveness programs, including PSLF and borrower defense.
Dow Jones plummets - but experts say don't hit the panic button with stocks
Experts say it could be due to a number of factors from the war in Ukraine, inflation, gas prices, and even consumer spending.