Personal finance

Skaman306 | Moment | Getty Images It wasn’t long ago that investors earned practically 0% returns on cash. As the Federal Reserve has kept interest rates high to combat high inflation, you can easily earn 5% annual percentage yields on savings accounts and other low risk vehicles. Some experts are now warning it’s possible to

Klaus Vedfelt | Digitalvision | Getty Images Although the unemployment rate has spent 30 months at or below below 4% — a near record — not everyone who wants a job has one. And not everyone even wants a job at all. Some, referred to as “NEETs,” which stands for “not in employment, education, or training,” are

Peopleimages | Istock | Getty Images To effectively plan for your retirement, experts say, you need to watch your savings rate and total nest egg. But how much you really need to have set aside depends on another number — your life expectancy. Yet that figure is also the most elusive — no one knows

Spotmatik | Photodisc | Getty Images While lawmakers have a growing interest in taxing the ultra-rich, last week’s Supreme Court ruling could threaten future wealth tax proposals, experts say. In Moore v. United States, the Supreme Court blocked a challenge to the “mandatory repatriation tax,” a one-time levy on certain foreign investments enacted in 2017.

U.S. President Joe Biden is flanked by U.S. Secretary of Education Miguel Cardona as he speaks about administration plans to forgive federal student loan debt during remarks in the Roosevelt Room at the White House in Washington, U.S., August 24, 2022. Leah Millis | Reuters The Biden administration is pausing student loan payments for about

Miodrag Ignjatovic | E+ | Getty Images Americans firing up their grills for Fourth of July celebrations will likely pay more for some traditional barbecue staples this year. That’s largely due to inflationary pressures in the U.S. economy and supply shocks related to specific foods like beef and lemons, according to agricultural economists. The average

U.S. President Joe Biden is joined by Education Secretary Miguel Cardona (L) as he announces new actions to protect borrowers after the Supreme Court struck down his student loan forgiveness plan in the Roosevelt Room at the White House on June 30, 2023 in Washington, DC.  Chip Somodevilla | Getty Images News | Getty Images

Hispanolistic | E+ | Getty Images A retirement savings crisis is looming for people who have 401(k) plans and other retirement balances woefully short of what they will need to live on. But some workers — called “super savers” — are managing to successfully grow their retirement nest eggs. Super savers are workers who are

Ascentxmedia | Istock | Getty Images The pace of inflation has subsided from its 2022 peak, but retirees and near-retirees are still feeling the shock of the surge in price growth. That is prompting many people to make significant changes to their retirement plans, according to new research from insurance company Prudential Financial. The firm’s

People walk past a restaurant, with a hiring sign outside, in Washington, D.C., on Oct. 5, 2023. Andrew Caballero-Reynolds | AFP | Getty Images The unemployment rate, which has remained low for two years, has been inching higher in the first half of the year, according to data from the Bureau of Labor Statistics. For

TikTok is chock-full of tips for building wealth. The latest money-saving trend taking over is the “no-spend month,” which encourages TikTok users to cut out all non-essential purchases for a set period. But, in this case, even the best intentions can backfire. Here is what you should know before swearing off unnecessary spending. The no-spend rules The

Lourdes Balduque | Moment | Getty Images The U.S. Department of Education may extend eligibility of a popular student loan forgiveness program to early childhood educators. The Department on Thursday announced that it was issuing a request for information on potentially broadening the Public Service Loan Forgiveness program to include workers in early childhood education