Secure 2.0: optional provisions kick in to help retirement savers with emergencies and student loan debt
The Secure 2.0 Act of 2022 has several new optional provisions kicking in at the start of 2024, such as emergency savings and student loan matching.
Americans living in these states are worse off financially: survey
Americans nationwide are feeling the lingering impact of inflation on their wallets, but these three states have it the worst, according to a recent WalletHub survey.
Biden forgives another $4.8 billion in federal student loan debt, but alternative relief plan hits a snag
The Biden administration has forgiven a total of $132 billion in federal student loans for more than 3.6 million Americans, and all of it has bypassed the need for congressional approval.
Gas prices on downward slide, further price drops likely: AAA
A downward trend in national gas prices persists ahead of holiday travel. Tepid demand and a low cost for oil are bringing drivers relief at the pump, according to AAA.
12 percent of retired Americans plan to return to the workforce in 2024: survey
Some 12% of Americans said they planned to work again in the New Year, with 61% citing rising costs as the reason, a recent Resume Builder survey said.
Here's who may qualify for $10,000 in student debt relief under Biden's new forgiveness plan
The Biden administration has taken the next step toward its plan B for student loan forgiveness after the U.S. Supreme Court struck down its first debt forgiveness attempt.
Gas prices dip lower, an early present for travelers this holiday season: AAA
The national average for a gallon of gas resumed its gradual decline amid falling oil prices. If oil prices stay low, drivers can anticipate a continued drop in pump prices, AAA said.
Here's how high interest rates can help build your savings
The Federal Reserve's efforts to lower inflation have pushed interest rates to an all-time high, which means consumers pay more to borrow but could be earning more on savings, a recent survey by Santander said.
Americans need extra $11K to afford same standard of living in 2021, Republican analysis finds
A new analysis has revealed how much more money Americans need now to meet the cost of living standards seen in 2021– prior to a rise in inflation.
Social Security: COLA increasing but Medicare costs rising too in 2024
Social Security checks are increasing next year thanks to the annual cost of living adjustments (COLA). However, the standard monthly cost of Medicare Part B will increase by $9.80, or 6%, to $174.70 in 2024, according to the Centers for Medicare and Medicaid Services (CMS).
Gas prices’ downward trend continues – for now: AAA
Nationwide gas prices continue to fall. Lower gas demand has been a main contributor in limiting pump price increases amid rising oil prices, according to AAA.
Homeowners could save tens of thousands in damages by using smart devices
Homeowners may miss out on significant insurance discounts by overlooking the benefits of smart home devices, according to a Nationwide study.
Why SSI beneficiaries will receive two payments in December
Here’s when claimants can expect to receive their payments starting next month.
Working mom's tearful confession on family living paycheck to paycheck goes viral: 'I don't know what to do'
Pennsylvania mom and registered nurse Mackenzie Moan's viral TikTok about her family's financial struggles has led others to raise their voices about the high cost of living.
Student loan payments render the holidays unaffordable for many: survey
Student loan repayments will make the season unaffordable for many Gen Z and millennials this year, according to a recent Credit Karma survey.
Consumers plan to increase spending this holiday season: survey
Shoppers across all income levels plan to spend more this year for the holiday, a recent Deloitte survey said.
Social Security clawed back overpayments tied to COVID-19 stimulus – lawmakers want answers
Some Social Security recipients have erroneously seen their benefits suspended or have been assessed overpayments due to COVID-19 stimulus checks.
IRS delays $600 payment reporting rule for Venmo, Cash App and other payment apps
The IRS announced on Tuesday that it will delay implementing its $600 tax reporting requirement that was to take effect for the 2023 tax filing season.
Social Security reform would restore full benefits to public workers
Reform to provisions designed to even the playing field between workers who paid Social Security and public sector workers who don't but benefit from a pension program could cost as much as $150 billion.
Nearly a million student loan borrowers back in forbearance following servicer billing errors
The Department of Education has withheld millions of dollars of payment to student loan servicers over billing errors that triggered delinquencies for many students.