Personal finance

Gatot Adriansyah | Istock | Getty Images The share of federal education debt going to graduate students is at its highest point in history, a new report by the U.S. Department of Education finds. Alarmingly, as graduate school borrowing increases, wages for those with an advanced degree haven’t risen nearly as much. “A closer look

The Biden administration released new guidance Monday on how colleges can “lawfully achieve a diverse student body” in the wake of the Supreme Court’s ruling striking down affirmative action. In a “Dear Colleague” letter and a questions and answers page, the U.S. Department of Education outlined what policies and practices for promoting a diverse student body remain

Rome ranked second on a recent list of best travel destinations for a digital detox. Piola666 | E+ | Getty Images Despite inflation, Gen Z and millennials are determined to travel this summer, even if it means spending a bit more. While almost two-thirds, or 73%, of people are willing to pay extra fees for

By nearly every measure, Americans are financially strained. Yet, we’re coming up with new ways to justify expensive purchases. The latest way, coined “girl math,” breaks down the price of an item by the cost per wear. If you use an expensive handbag every day for a year, for example, then it might only set

Enes Evren Investors piled into Series I bonds amid record yields, and some are now eyeing an exit for higher-interest alternatives. But redeeming I bonds can be tricky, experts say. After reaching 9.62% annual interest in May 2022, I bond yields have declined with falling inflation, reaching 4.3% interest for new purchases from May through

Morsa Images | E+ | Getty Images Some experts have reversed recession predictions and embraced a soft landing for the economy as the Federal Reserve continues to fight inflation. The rosier outlook is prompting talks between advisors and their clients, including possible shifts for investment portfolios. “A potential recession has been in the news since

The Mega Millions jackpot grew to more than $1.6 billion on Aug. 9, 2023. Justin Sullivan | Getty Images There’s finally a winner for the massive Mega Millions jackpot — but the lucky ticketholder may face unexpected pitfalls, experts say. A single ticket sold in Florida matched all six numbers on Tuesday night, marking the

Sollina Images | Tetra Images | Getty Images After more than a year of gloomy forecasts for the U.S. economy, some experts have backed off recession predictions and embraced the soft landing targeted by the Federal Reserve. These shifts have sparked conversations among financial advisors and their clients, who may have varying levels of optimism

The Mega Millions jackpot hit a record $1.55 billion on Aug. 7, 2023. VIEW press | Getty The Mega Millions jackpot has ballooned to an estimated $1.55 billion after months without a winner. One of the many choices the winner will make is whether to take the one-time lump sum or 30 annuitized payments. The

Writers Guild of America and Screen Actors Guild members and supporters on a picket line outside Paramount Studios in Los Angeles on July 17, 2023. Bloomberg | Bloomberg | Getty Images The recent wave of worker strikes have ushered in a new era: the “summer of strikes,” also known as hot strike summer. Employees at

Peopleimages | E+ | Getty Images The U.S. retirement system is a sprawling complex, a so-called “three-legged stool” of Social Security payments, workplace savings plans and individual wealth. But is the system falling short in its primary goal of achieving a secure retirement for all Americans? related investing news Fitch downgrade of long-term U.S. debt

Lucigerma | Istock | Getty Images Predictions that a recession may be looming for the U.S. economy have so far not come to fruition. Now, some experts are backing off the prediction altogether, including Federal Reserve staff economists. “What’s out: Mild recession,” states new economic research released by Bank of America this week. “What’s in: