Personal finance

Elisabeth Reynolds MIT The predictions were scary. Half of the jobs in industrialized countries could, one day, be taken over by robots. What would workers do? How would they earn a living? In 2018, a taskforce at the Massachusetts Institute of Technology set out to answer these questions. Over the next two years, more than

Mary Roberts has been working five jobs since August to stay afloat after the coronavirus pandemic decimated the cruise industry, where she was a director and choreographer. Mary Roberts Mary Roberts is not immune to the hustle as an artist. But the coronavirus pandemic has presented a challenge like she’s never seen before. Roberts, 39,

A store displays a sign before closing down permanently in Arlington, Virginia. OLIVIER DOULIERY/AFP via Getty Images State and local officials have begun closing some businesses to counter a new surge in coronavirus infections, potentially putting Americans out of work for the second time since the spring. Delaware and Nevada are among the states where

Getty Images If you receive a text, email or phone call purporting to be from the Social Security Administration, think twice before responding. The people on the other end are likely fraudsters. And they’re looking to catch individuals off guard and take advantage of their fears. The November Retirement Confidence Index from SimplyWise, a technology

Thomas Tolstrup For Americans who have had a tough year financially amid Covid-19, a second set of $1,200 stimulus checks would provide some much welcome relief. But lawmakers on Capitol Hill still need to work out their differences before they can approve another coronavirus stimulus package that will trigger those payments. Now, a group of

Siblings Jack, Catherine, Sam and Molly Matt pay a socially distant visit to Santa Claus at the Willow Grove Park Mall in Willow Grove, Pennsylvania, on Nov. 14, 2020. Mark Makela | Reuters There are a lot of kids who won’t be getting a new Xbox for Christmas. As many as 1 in 3 people

Jose Luis Pelaez Inc | DigitalVision | Getty Images Don’t let the holidays distract you from last-minute opportunities to reduce your 2020 tax bill. There are about five weeks left in the year, which means the clock is ticking on tax-planning strategies. Some tactics are only in play for 2020, thanks to the federal CARES

RainStar | E+ | Getty Images There’s a chance that if you’re enrolled in Medicare, an Advantage Plan is on your radar as a supplemental coverage option. While these plans continue growing in popularity and availability, there are some things to watch for. And whether you’re mulling over switching to another plan or adding one

For now, it’s an open question if President-elect Joe Biden has interest in testing his presidential power to try to forgive student debt. Joe Raedle |Getty Images It’s a pressing question not just for higher-education experts and legal wonks. Tens of millions of Americans have a lot riding on the answer: Can the president forgive

Jeanne Flynn, 34, has accumulated thousands in credit card debt while waiting for unemployment benefits to arrive in New Jersey. Jeanne Flynn Jeanne Flynn used to worry about money. But never like this. Flynn, 34, lost her restaurant job in March as the coronavirus pandemic raged. Months of waiting for unemployment benefits and little savings

If you’re like more than 37 million student loan borrowers, you probably haven’t made a single payment to your education debt since March, when bills were put on hold due to the coronavirus crisis. That break may stop at the end of the year, meaning it is time to figure out how you’re going to

A President Donald Trump and a former Vice President Joe Biden supporter converse before the Joe Biden Campaign Rally at the National World War I Museum and Memorial on March 7, 2020 in Kansas City, Missouri. Kyle Rivas | Getty Images This year’s presidential election was expected to usher in a blue wave of votes

Volunteers distribute food to the needy in Orlando, Fla. Paul Hennessy/NurPhoto via Getty Images About 12 million Americans will lose unemployment benefits in December when CARES Act provisions lapse, absent an extension, according to a new analysis. Unemployment benefits will terminate for more than half of current recipients at the end of the year, coinciding

The Internal Revenue Service (IRS) headquarters in Washington, D.C. Janhvi Bhojwani | CNBC Entrepreneurs who took a forgivable loan this year can’t write off certain expenses on their taxes if they expect the debt will be forgiven, according to the IRS and Treasury Department. The two agencies issued guidance Wednesday on the Paycheck Protection Program

Source: BioNTech Older Americans eager to get vaccinated against Covid-19 may need to exercise some patience. While Medicare — which insures much of the 65-and-older crowd — recently changed its rules so it can fully cover a fast-tracked vaccine, the availability of doses will be initially limited. And, individual states are tasked with actually distributing

The Federal Trade Commission Building in Washington D.C. Ashley Stringer | CNBC The Federal Trade Commission has filed a civil complaint alleging “unfair or deceptive acts” by Beam Financial, a San Francisco start-up behind a savings app that purported to offer above-market interest rates on federally insured deposits. As CNBC first reported in October, dozens

Tony Anderson | Getty Images The economic fallout from the coronavirus pandemic is hitting families of color particularly hard. A large majority, 86%, of Latino households with children and 66% of Black households with children reported serious financial problems during the outbreak, including depleting savings, trouble paying credit card bills and other debt, and affording

[The stream is slated to start at 2 p.m.. ET. Please refresh the page if you do not see a player above at that time.] The Path Forward: Your Money virtual summit brings together some of the top experts in personal finance to provide critical advice on spending and saving, and examine the psychology behind

Images By Tang Ming Tung If you still haven’t received your $1,200 stimulus check, you may be in luck. There’s one last deadline to submit your information to the government in order to get your payment this year. But you have to act before 3 p.m. this Saturday, Nov. 21. If you miss that cutoff,

Phynart Studio | E+ | Getty Images It’s the season of giving — in the era of Covid-19. For parents who want to teach their children how to be charitable, there may be some roadblocks to traditional forms of volunteering, such as serving food at a soup kitchen, during this pandemic. “It’s been a tough