Pascal Broze | Onoky | Getty Images Lawmakers are hashing out plans to shore up Social Security’s ailing trust funds, and the possible changes will affect the benefits Americans receive. Broadly, that comes down to two key changes: raising the retirement age and increasing the amount of annual wages subject to the Social Security payroll
Personal finance
Morsa Images | Digitalvision | Getty Images The pandemic-era trend of working from home remains a key feature of the U.S. job market — and is likely to stay entrenched as a permanent perk for a broad swath of the American workforce, according to labor economists. The pre-pandemic baseline of going into an office five
Justices on the bench hearing arguments about the student loan forgiveness program. Source: Bill Hennessy There were many tense moments Tuesday as the nine Supreme Court justices grilled the plaintiffs challenging the Biden administration’s student loan forgiveness plan and the government attorney defending the policy. The Supreme Court agreed to hear two challenges against President
U.S. Solicitor General Elizabeth Prelogar Artist: Bill Hennessey The government’s top Supreme Court lawyer may have saved President Joe Biden’s $400 billion student loan forgiveness plan from what experts considered all but certain defeat. Experts lobbed praise on Solicitor General Elizabeth Prelogar, the lawyer who represented the Biden administration in front of the nine justices
A new Bankrate ranking found the Austin, Texas, metro area is the best for first-time home purchasers. Roschetzkyistockphoto | Istock | Getty Images Prospective buyers looking to secure the purchase of their first home this spring will still face a difficult market. Yet there are signs some areas of the country may provide more opportunity
Damir Khabirov If you’re eager to capture higher yields amid rising interest rates, you may consider a Treasury bill ladder, depending on your goals, according to financial experts. Backed by the U.S. government, Treasury bills, or T-bills, are widely considered a relatively safe asset, with terms of four weeks to 52 weeks. You receive the
Newsday Llc | Newsday | Getty Images If you’re among the people who leased an auto in 2020 and are nearing the end of that agreement, you may want to check what the car is worth before turning it in. The average trade-in value of cars leased in 2020 is 19% more ($3,965) than the
People walk past a mural of George Floyd by the Cup Foods where he was killed by Minneapolis Police Officer Derek Chauvin in Minneapolis. Sopa Images | Lightrocket | Getty Images When George Floyd was murdered by police in 2020, the event brought a “scary” time for the Minneapolis neighborhood where it occurred. “Everything was
Shoppers look at items displayed at a grocery store in Washington, D.C., on Feb. 15, 2023. Stefani Reynolds | AFP | Getty Images A new U.S. government reading showing persistent high inflation rattled Wall Street on Friday. Consumers can expect the rate of price growth will likely stay higher than average through 2023. “Inflation is
MStudioImages | E+ | Getty Images If you’re looking for a relatively safe place for cash, Treasury bills have recently become more attractive, experts say. Backed by the U.S. government, Treasury bills, or T-bills, have terms ranging from four weeks up to 52 weeks, and investors receive interest when the asset matures. Over the past
Pixelfit | E+ | Getty Images Falling behind on federal student loans is likely to trigger other major financial consequences for borrowers, according to new research by The Pew Charitable Trusts. More than 80% of borrowers who experienced default stated that they’d faced at least one additional consequence as a result. The most common impact
Urbazon | E+ | Getty Images Democratic lawmakers in Washington are renewing a proposal to give every American child $1,000 at birth. The “baby bond” funds, called American Opportunity Accounts, would then be topped off with up to $2,000 per year, depending on a family’s income. The accounts would be federally insured and managed by