Personal finance

Geber86 | E+ | Getty Images There are plenty of risks for retirees — and those risks may compound by the rising cost of health care in retirement.  While the cost of medical care has recently fallen, it’s still nearly 30% higher than a decade ago, according to data from the U.S. Bureau of Labor

baona | Getty Images The rate of inflation has shown signs of easing, following the highest spike in four decades. Yet the shock of rising prices continues to have an impact on consumers’ psyches. “The typical U.S. consumer is looking at the gas station or their grocery store and seeing prices elevated and not coming

Graduates of Baruch College participate in a commencement ceremony at Barclays Center in Brooklyn, New York, June 5, 2017. Bebeto Matthews | AP In the days ahead, 125,000 graduating high school seniors will receive automatic acceptance letters from the State University of New York, Gov. Kathy Hochul announced Thursday. “Access to quality higher education is

Fizkes | Istock | Getty Images Stubborn inflation has driven households near the breaking point, but the pain of high prices has not been shared equally. By most measures, low-income households have been hardest hit, experts say. The lowest-paid workers spend more of their income on necessities such as food, rent and gas, categories that also

Ejs9 | E+ | Getty Images Assessing how fast prices are changing for consumers may sound straightforward. But that’s not always the case — measurement quirks in consumer price index categories such as housing, technology and health insurance mean inflation readings don’t always jibe with the actual prices people pay. The dynamic is important: It

The Senate voted to repeal President Joe Biden’s student loan forgiveness plan on June 1, 2023. Biden —pictured here with U.S. Secretary of Education Miguel Cardona in October  — is expected to veto the bill. Getty Images | Bloomberg A GOP-led effort to overturn President Joe Biden’s sweeping student loan forgiveness plan passed the Senate

Djelics | E+ | Getty Images During the past year, the rate at which Americans quit their jobs has steadily declined from a record high back to pre-pandemic levels — seeming to spell the end of the labor market trend that came to be known as the “great resignation,” labor economists said. The “quits rate”

House Speaker Kevin McCarthy, R-Calif., arrives at the U.S. Capitol on May 31, 2023. Sarah Silbiger | Bloomberg | Getty Images Borrowers, advocates and progressives don’t want to see the payment pause on student loans come to an end. But that is a part of the debt-ceiling deal, which could be voted on and approved

Halfpoint Images | Moment | Getty Images Americans’ confidence that they can live comfortably in retirement has dropped the most since the global financial crisis in 2008, according to a recent report from the Employee Benefit Research Institute and Greenwald Research. One reason for that is high inflation, which has reduced both workers’ and retirees’

Miniseries | E+ | Getty Images Americans have suffered in “declines in overall financial well-being,” according to a new annual Federal Reserve report on economic well-being of U.S. households released last week. Only 63% of all adults can cover an unexpected $400 expense, the report on 2022 found, down from a high of about 68%

Visitors at the U.S. Capitol in Washington, D.C., on May 24, 2023. Jonathan Ernst | Reuters A tentative deal to raise the debt ceiling limit includes up to $21.4 billion of IRS budget cuts, slashing part of the nearly $80 billion in agency funding enacted last August to boost taxpayer service, technology and enforcement.   The

Anadolu Agency | Anadolu Agency | Getty Images Federal student loan borrowers hoping for another extension of the pandemic-era payment pause received bad news in the tentative deal between Republican lawmakers and President Joe Biden to suspend the debt ceiling and avoid default. According to the legislative text of the agreement, the pause on federal

These days, many people are worried about paying for college. Less than half of Americans are confident that they’re currently saving enough for future education expenses, according to a recent report by Edward Jones. Checking your 529 college savings balance may not provide much comfort, either. Last year, these popular savings plans took a hit

In this article CCF AXP V MA COF DFS C YOU Follow your favorite stocksCREATE FREE ACCOUNT Have you ever gotten a free flight because of your Delta SkyMiles card? Or maybe you get the advantage of walking through the quick TSA PreCheck line at the airport instead of waiting on the typically very long

As a growing number of Americans feel priced out of a college education, tuition assistance may be the most valuable incentive companies are using to attract and keep workers. In the last few years, more businesses have added or expanded benefit offerings of free college programs. Not only does free or discounted higher education improve

Skynesher | E+ | Getty Images The pandemic-era policy suspending federal student loan payments has been an especially big win for public servants. Most borrowers have benefited from the payment pause, which has lasted more than three years and spanned two presidencies. But for those pursuing the popular Public Service Loan Forgiveness program, the policy

Iparraguirre Recio | Moment | Getty Images A 401(k) “match” from an employer is often referred to as “free” money, and therefore one of the best ways to juice retirement savings. But there’s a catch — you may need to wait up to six years before it fully belongs to you. A match is an

Nikola Stojadinovic | E+ | Getty Images Borrowers may be down to their last few months without a student loan payment. The Supreme Court could announce its decision on the Biden administration’s sweeping student loan forgiveness plan any day, and the U.S. Department of Education has braced borrowers to be ready for the bills to

Orna Guralnik on Showtime’s “Couples Therapy.” Source: Showtime When I was growing up, my father used to repeat a saying he’d heard as a child from his grandmother: “When money doesn’t come through the door, love goes out the window.” That proverb appears to date back to a 19th century painting by the English artist

Izusek | E+ | Getty Images The 2023 summer travel season is expected to be a busy one, making federal programs like TSA PreCheck especially helpful for fliers, according to experts. Such programs carry fees but generally save travelers time at the airport. However, relatively long processing times — as with recent passport applications —