Bymuratdeniz | E+ | Getty Images In October, the pandemic-era pause on student loan payments expired, and the bills resumed for some 22 million people. Just 60% of those borrowers had made a payment by mid-November, new U.S. Department of Education data shows. In a recent blog post on the findings, U.S. Department of Education
Personal finance
Andresr | E+ | Getty Images Are you expecting a package delivery this holiday season? If so, scammers may try to dupe you with bogus emails or text messages about a shipment to steal your personal information, the Federal Trade Commission warned in a consumer alert. People who buy items online typically get several notifications
These days, fewer people feel financially comfortable, let alone rich. The average household’s net worth has soared in recent years, rising 37% between 2019 and 2022, according to the survey of consumer finances from the Federal Reserve. Yet, even as households became wealthier, inflation and instability have left more people in the bucket of so-called
The Powerball jackpot hit $1.2 billion on Oct. 3, 2023, the third-biggest prize in the game’s history. Scott Olson | Getty The Powerball jackpot has grown to an estimated $535 million — and with the year-end approaching, the winner may wonder whether it’s better to claim the prize in 2023 or 2024. There have already
Traders work on the floor of the New York Stock Exchange during morning trading on December 13, 2023 in New York City. Michael M. Santiago | Getty Images The stock market is having a holiday party. But financial advisors urge investors to use caution for before joining in. “Don’t fall prey to irrational exuberance,” said
The Federal Reserve announced it will leave interest rates unchanged Wednesday, in a move that many believe will conclude the central bank’s rate hike cycle and set the stage for rate cuts in the year ahead. The Fed has raised interest rates 11 times since March 2022 — the fastest pace of tightening since the early 1980s. The
Fizkes | Istock | Getty Images There’s one piece of good news for student loan borrowers bummed out by the resumption of their bills this fall: They may be eligible for a break on their 2023 taxes. The student loan interest deduction allows qualifying borrowers to deduct up to $2,500 a year in interest paid
Klaus Vedfelt | Digitalvision | Getty Images As financial advisors weigh year-end tax planning strategies, there’s a looming issue on the horizon for high-net-worth clients. Several key provisions from the Republicans’ signature 2017 tax overhaul are slated to expire after 2025, including a higher federal gift and estate tax exemption that allows more wealthy Americans
D3sign | Moment | Getty Images More retirement savers have taken loans from their 401(k) accounts over the past year, suggesting that U.S. households are borrowing more readily as they feel the pinch of inflation, experts said. “I think 401(k) loans — like credit card debt — are kind of leading indicators of economic stress
In this article MTCH BMBL Follow your favorite stocksCREATE FREE ACCOUNT D3sign | Moment | Getty Images Channing Muller moved to Chicago in May from Chattanooga, Tennessee. Her main goal in the new city was to find a partner. Already a Bumble user, before long, she was subscribed to three more dating apps: The League,
Momo Productions | Digitalvision | Getty Images Over the last three years, while student loan payments were on pause, many borrowers probably thought, “I could get used to this.” Fortunately, you may be able to finish paying off your student debt sooner than you thought, experts say. They shared tips on how to make that
Westend61 | Westend61 | Getty Images You may want to think twice before scanning that QR code. The codes — a digital jumble of black and white squares, often used for storing URLs — have become seemingly ubiquitous, found on restaurant menus and in retail stores, for example. However, they can pose risks for the