Personal finance

For years, fewer teenagers were looking for summer jobs, opting instead to bolster their college applications with academic programs or unpaid internships. But as the economy bounced back from the pandemic, employers were almost begging for workers and some opportunities were too good to pass up. With more flexible work arrangements and better pay, the

Carol Yepes | Moment | Getty Images It’s right there on the U.S. Department of Education’s website: Student loan payments to restart after Aug. 31, 2022. Skeptical? It’s understandable. The Education Department has repeatedly set an end date for the payment pause on federal student loans, which began in March 2020, and then revised it

Phonlamaiphoto | Istock | Getty Images Months of stock market volatility, surging inflation and rising interest rates have left many investors wondering if a recession is coming.  The stock market tumbled again on Thursday, with the S&P 500 capping its worst six-month start to a year since 1970. In all, it’s down more than 20%

Valerie Macon | AFP | Getty Images Customer service wait times from Social Security may be improving, at least for mail correspondence. A new report from the Social Security Administration Office of the Inspector General details the results of an investigation into deficiencies in the agency’s handling of U.S. mail during the Covid-19 pandemic. In

Justin Sullivan / Getty If you’re holding the winning ticket for Powerball’s $366.7 million jackpot, don’t forget about your silent partner: Uncle Sam. After rolling higher for about two months of three weekly drawings with no winner, the lottery game’s top prize was nabbed in Wednesday night’s drawing. The ticket was purchased in Vermont, which

Ric Edelman, founder of the Digital Assets Council of Financial Professionals. Heidi Gutman | CNBC Bitcoin’s recent rout — including its recent drop below $20,000 — has given some cryptocurrency naysayers an “I told you so” moment. “How do you make a million? Invest a billion in bitcoin,” one panelist joked at a conference for

AscentXmedia / Getty Record high inflation and gas prices have many Americans hoping for financial relief. And in California, that’s exactly what approximately 23 million residents stand to get, thanks to the state’s new budget deal, which is slated to give qualifying taxpayers new direct payments. Democratic California Gov. Gavin Newsom and Democratic legislative leaders

Dougal Waters | Getty Images Despite the economic and professional gains made by women over the last 50 years, gender gaps persist — and not just in rate of pay. Retirement readiness and financial know-how are key areas with notable gaps, according to two studies recently released by the TIAA Institute. For example, among workers

Photo by Mike Kline (notkalvin) | Moment | Getty Images Just three years after the Secure Act ushered in the first major changes to the U.S. retirement system in more than a decade, a slew of additional modifications could be on its way. With recent committee approval of proposals in the Senate and an already-passed

A Social Security Administration office in San Francisco. Getty Images A new Social Security trustees report points to a slightly longer time horizon for the program’s trust funds. But even with a new depletion date of 2035 — a year later than projected last year — the program still faces a 75-year deficit. A one-year

Abortion rights activists hoist their signs near the U.S. Supreme Court in Washington on June 24, 2022. Olivier Douliery | AFP | Getty Images The Supreme Court’s decision to overturn Roe v. Wade on Friday may cause financial hardship for many women, especially those already facing economic instability, research shows. The court’s decision, ending 50

If there is one investment every person should have right now, it is a series I bond, according to personal finance expert Suze Orman. The bond’s variable interest rate is based on inflation, which means the asset currently has a high yield. The Consumer Price Index rose 8.6% in May, the highest rate since 1981.