Secretary of Education Dr. Miguel Cardona answers questions during the daily briefing at the White House Aug. 5, 2021. Win McNamee | Getty Images As student loan bills restarted in October for tens of millions of Americans, the companies that service those loans made errors that potentially violate federal and state consumer protection laws. In
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Richard Stephen | Istock | Getty Images If you’ve applied for Social Security disability benefits and are still waiting for an answer, you’re not alone. “For the first time in history, more than 1 million people are waiting on the Social Security Administration to process their initial disability claim,” said Rep. Drew Ferguson, R-Ga., chair
In this article GM STLAM-IT F Follow your favorite stocksCREATE FREE ACCOUNT United Auto Workers members and supporters rally at the Stellantis North America headquarters in Auburn Hills, Michigan, on Sept. 20, 2023. Bill Pugliano | Getty Images News | Getty Images While predictions across the board about employee pay are forecasting slower wage growth
Consumers are increasingly relying on credit cards to make ends meet, but their credit rating hasn’t suffered. Even as credit card balances for Americans surpassed $1 trillion for the first time ever, the national average credit score rose two points from a year ago to reach a new high of 718, according to a report from FICO, developer
President Joe Biden delivers remarks on new efforts to cancel student loan debt at the White House on Oct. 4, 2023. Kevin Dietsch | Getty Images President Joe Biden’s plans to cancel up to $400 billion in student debt for tens of millions of Americans were foiled over the summer at the Supreme Court. Still,
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
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