Getty Images You’ve heard of buyer’s remorse when it comes to things people buy. But you may not know that people can experience those same regrets because of the way they choose to pay for their purchases. One frequent culprit: retail credit cards. Purchases made with those accounts will likely end up costing consumers more
Personal finance
A woman, of Lexington, waits in a line outside a temporary unemployment office established by the Kentucky Labor Cabinet at the State Capitol Annex in Frankfort, Kentucky, U.S. June 17, 2020. Bryan Woolston | Reuters As workers who were brought back to their jobs after furloughs and layoffs due to the Covid-19 crisis face additional
Siraj Ahmad | iStock | Getty Images Jasmine Johnson is constantly afraid of being evicted from her house in St. Paul, Minnesota. The single mother of five children, all under the age of 13, hasn’t been able to earn enough during the pandemic to stay caught up on her $1,350 rent. First, the daycare where
Justin Sullivan | Getty Images With 74-year-old President Donald Trump testing positive for Covid-19, Medicare beneficiaries may be reminded of their own vulnerability. For the 62.7 million people enrolled in Medicare — the majority of whom are age 65 or older — the coronavirus generally poses a greater health risk. While Congress and regulators have
AJ Watt | Getty Images If you’re worried about Covid-19 and want to virtually check in with your doctor following news of President Donald Trump’s positive test, there’s good news: Many major insurance companies are still waiving fees for such visits. Telehealth, or doctor visits done by video or telephone, have surged in popularity amid
kali9 | E+ | Getty Images If you’re retired and are thinking about downsizing or relocating, and it involves buying a home, you might want to look into how you would finance it. You may discover that qualifying for a mortgage is different from the last time you bought a house. Not only have lenders
Tom Brenner | Reuters House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin are still working on a compromise stimulus bill to help Americans cope with the coronavirus crisis. In an interview with Fox Business host Lou Dobbs on Wednesday, Mnuchin said second $1,200 stimulus checks that are “similar” to the first payments will be
A man fills out paperwork while waiting for his number to be called at an unemployment event in Tulsa, Oklahoma on July 15, 2020. Nick Oxford for The Washington Post | Getty Images Washington lawmakers say they are still optimistic that a coronavirus stimulus deal can go through. But if both political parties do not
katleho Seisa It’s fairly easy to be befuddled by Medicare. With different coverage options, confusing enrollment deadlines and disparate cost-sharing among beneficiaries, ending up with faulty assumptions isn’t hard. However, some mistaken beliefs can be more costly than others. A survey of 1,000 Medicare beneficiaries explored their knowledge and found several misconceptions — related to
More than six months into the pandemic, layoffs show no sign of abating any time soon. undrey | iStock | Getty Images 1. Apply for unemployment You should file for unemployment as soon as possible, experts say. Amid the pandemic, wait times for your benefits can be longer than usual and you want to avoid
Jill Justin is trying to figure out the next move for her business, Jill Justin Dance Alliance, after the pandemic cut business in half. Source: Jill Justin Jill Justin had to think fast when the coronavirus pandemic hit. As the owner of Jill Justin Dance Alliance in Middlesex County, New Jersey, she went from having
A young couple going through financial problems Geber86 | E+ | Getty Images As Americans prepare to vote in the Nov. 3 presidential election amid the global coronavirus pandemic, some are wondering if the potential for outsized market volatility is a reason to delay investing in stocks. The U.S. stock market has moved sharply up,
silvana magnaghi | Moment | Getty Images Tens of thousands of job cuts have been announced this week as a result of the ongoing coronavirus pandemic. With 28,000 employees expected to be laid off at Disney and 7,000 to 9,000 jobs cut at Royal Dutch Shell by the end of 2022, job losses are mounting
Getty Images The big question over whether Congress will pass another coronavirus stimulus bill is, will they or won’t they? From jobs to savings to retirement plans, the coronavirus pandemic has upended many Americans’ financial lives. And that has resulted in millions of people facing serious financial hardship. They are hoping for more relief, including
Joe Biden speaks at the National Constitution Center in Philadelphia on Sept. 20, 2020, to make a statement on the nomination for replacement of recently deceased Supreme Court Justice Ruth Bader Ginsburg. Roberto Schmidt | AFP | Getty Images Residents in high-tax states who lost out on a substantial write-off are in good company. Democratic
A protester blocks the street leading to the Washington, D.C., home of U.S. Senate Majority Leader Mitch McConnell, R-Ky., demanding the extension of unemployment aid, on July 22, 2020. Jonathan Ernst | Reuters Stimulus checks and enhanced unemployment benefits that helped the poorest Americans weather the coronavirus pandemic are in danger of ending, throwing the
Alistair Berg | DigitalVision | Getty Images Once you hit your 60s, it’s time to figure out when you want to retire — and whether or not you can make it happen. By the age of 67, which is when people born in 1960 or later can fully retire on Social Security, you should have
U.S. President Donald Trump speaks to reporters during a news conference inside the James S. Brady Briefing Room at the White House September 27, 2020 in Washington, U.S. Ken Cedeno | Reuters Apparently, losing millions of dollars can work in your favor – if you’re President Donald Trump and can hire a team of professionals
Ariel Skelley | DigitalVision | Getty Images It’s no wonder so many Americans retire down south. The Sunshine State has four of the top five places for retirement, according to the latest WalletHub Best & Worst Places to Retire report. “Florida is a tax haven for everyone, but especially for the elderly, so when it
Jose Luis Pelaez Inc | DigitalVision | Getty Images Oct.1 is around the corner. And even though millions of Americans are living without a steady paycheck amid the pandemic, the bills are still due. Making the situation worse is that fact that Congress hasn’t been able to reach a deal on another stimulus package, leaving