Troy Millings, left, and Rashad Bilal, co-creators of Earn Your Leisure. Source: Tyrell Davis Rashad Bilal and Troy Millings are among a growing class of financial influencers who want to help people be smarter about money. The duo — a former financial advisor and a teacher, respectively — launched the podcast “Earn Your Leisure” nearly
Personal finance
No-mad | Istock | Getty Images The United Auto Workers union has brought new attention to the idea of a 32-hour workweek as part of its strike demands. Turns out, most workers would embrace a shorter workweek. A recent Bankrate survey found 81% of full-time workers want a four-day workweek. That goes particularly for younger
In this article T-CA Follow your favorite stocksCREATE FREE ACCOUNT Nicoletaionescu | Istock | Getty Images Workers’ biggest financial concern is still keeping up with rising costs, more than one year after inflation peaked at a new 40-year high, according to a new report from Telus Health. Those money woes may have a connection to
It’s becoming increasingly difficult for Americans to set money aside. Largely due to high inflation and rising interest rates, 81% of adults said they did not contribute to their emergency savings this year, and 60% also said they feel behind when it comes to building a cash cushion, according to a new Bankrate report. “Rising
Douglas Sacha | Moment | Getty Images When Covid-19 stimulus checks were deployed to millions of Americans, the government reassured Social Security and Supplemental Security Income beneficiaries they were eligible for payments. But some beneficiaries, who include retired and disabled Americans, may have gotten more than they bargained for — lost benefits. Some SSI recipients
Shapecharge | E+ | Getty Images The federal estate-tax exemption helps wealthy families avoid or reduce inheritance tax, but the clock is ticking on the size of this advantage. In 26 months, some families that pay no inheritance tax today face the potential for sizeable federal taxes unless benefactors act. Though few families have enough
Education Secretary Miguel Cardona, at rear, listens as Vice President Kamala Harris speaks in Washington, D.C., June 2, 2022. Olivier Douliery | Afp | Getty Images Amberlee McGaughey, a librarian in Pennsylvania, was not worried about the restart of student loan payments. She was done with her debt, or so she thought. In August, she
Dardespot | E+ | Getty Images Social Security beneficiaries stand to get a boost to their benefits next year, based on a 3.2% cost-of-living adjustment. But there are several thresholds workers should keep in mind, based on new numbers for 2024 that were recently announced by the Social Security Administration. If you’re a worker who
Getty Images Your earnings potential largely depends on your choice of major in college, many studies show. And when it comes to the highest-paying bachelor’s degrees, engineering and other STEM-related fields of study continue to dominate. (STEM is shorthand for “science, technology, engineering and mathematics.”) Students are taking note, according to Eric Greenberg, president of Greenberg Educational Group, a
Andreswd | E+ | Getty Images Medicare beneficiaries have until Dec. 7 to change their Medicare health and prescription drug coverage for the coming year through open annual enrollment. This year, there’s even more reason to pay attention, as financial assistance for prescription drug coverage is set to expand starting Jan. 1, according to Meena
President Joe Biden is joined by Education Secretary Miguel Cardona 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 in Washington, D.C., on June 30, 2023. Chip Somodevilla | Getty Nearly 40 million Americans stood to benefit
Martin-dm | E+ | Getty Images Gen Zers are cutting back on spending. More than half — 53% — say a high cost of living is a barrier to their financial success, according to a new survey from Bank America. Nearly 3 in 4 young adults surveyed — 73% — have changed their spending habits