Cavan Images | Cavan | Getty Images It’s no secret that money issues can add stress to a relationship. But a new survey from The Knot, a wedding planning website, finds couples say certain moves are deal breakers in their relationships. related investing news Medical costs are rising. Stocks are slumping. How to get the
Personal finance
A graduate who calls himself “April Vendetta” protests student debt in New York’s Washington Square Park on May 19, 2021, after New York University’s virtual commencement ceremony. Timothy A. Clary | AFP | Getty Images Federal student loan borrowers whose loans are not held by the U.S. Department of Education will no longer be able
JGI/Tom Grill The IRS skipped about $3.7 billion in advance child tax credit payments for 4.1 million eligible households, but sent more than $1.1 billion to 1.5 million filers who didn’t qualify in 2021, according to an audit released Tuesday by the Treasury Inspector General for Tax Administration. However, the agency accurately issued 98% of
wera Rodsawang | Moment | Getty Images Child poverty fell dramatically in 2021, thanks to an expansion put in place last year that sent monthly payments of up to $300 per child to millions of eligible families. Yet many individuals and families eligible for the child tax credit, as well as another called the earned
JGI/Jamie Grill When the Federal Reserve hiked the target federal funds rate by another 0.75 percentage points this month, it opened some new opportunities for savers to earn better returns on their cash. The Fed’s move is aimed at combating high inflation, which has sent costs for housing, food and energy soaring. related investing news
Mphillips007 | E+ | Getty Images The pumpkin spice latte is back — and the popular and meme-ified seasonal drink can teach us a lot about consumer behavior and economics. Starbucks debuted the pumpkin spice latte in 2003, and the “PSL” grew to be the company’s most popular seasonal drink, selling more than 600 million
Phynart Studio | Istock | Getty Images President Joe Biden’s announcement last month that he’ll forgive up to $20,000 in student debt for borrowers will also impact the millions of parents who have taken out loans for their children’s education. The debt cancellation applies to so-called Parent PLUS loans, federal loans that parents can take
Hoxton/Sam Edwards | Getty Images Bond yields jumped this week after another major rate hike from the Federal Reserve, flashing a warning of market distress. The policy-sensitive 2-year Treasury yield on Friday climbed to 4.266%, notching a 15-year high, and the benchmark 10-year Treasury hit 3.829%, the highest in 11 years. related investing news Goldman
Ronnie Kaufman | DigitalVision | Getty Images For some new retirees, there’s an extra step needed when it comes to signing up for Medicare. That is, you may need to appeal so-called income-related adjustment amounts, or IRMAAs, if your income as a new retiree is lower than when you were working. Those extra charges kick
The Federal Reserve raised the target federal funds rate by 0.75 percentage points for the third time in a row, in an effort to cool down unrelenting inflation. Fed officials have raised the benchmark short-term borrowing rate a total of five times this year, including 75 basis point increases in June and July, marking an unprecedented pace.
Enes Evren It’s been a rough year for the stock market, and some consumers are closing investment accounts due to inflation and volatility concerns, according to a recent survey from Ally Financial. As investors brace for another major interest rate hike from the Federal Reserve, inflation is still hovering near a 40-year high and the
hept27 | iStock | Getty Images Student loan debtors are poised to get some breathing room after President Joe Biden unveiled a plan last month to forgive up to $20,000 per borrower in federal student loans. But some experts say the one-time presidential pardon will not do much to alleviate the student debt crisis affecting