Hispanolistic | E+ | Getty Images Many young adults have financial stress, and experts say there’s a simple safety net that could help. About 61% of surveyed Americans of ages 18 to 35 are financially stressed, according to a new Intuit survey. About 21% of respondents say their stress has gotten worse over the past year.
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Jose Luis Pelaez | Getty Images For roughly the past five years, federal student loan borrowers who fell behind on their bills didn’t need to worry about the usual consequences, including the garnishment of their wages and retirement benefits. That will soon change. In a U.S. Department of Education memo obtained by CNBC, dated Jan.
The Federal Reserve is expected to hold interest rates steady at the end of its two-day meeting next week, despite President Donald Trump’s comments on Thursday that he’ll “demand that interest rates drop immediately.” So far, the central bank has moved slowly to recalibrate policy after hiking its key benchmark 5.25 percentage points between 2022 and 2023 in an
Damircudic | E+ | Getty Images By now, you’ve probably seen the green badges splashed all over LinkedIn, advertising that person is #opentowork. Whether unemployed and actively seeking a new position, or quiet quitting in their current role, more people are choosing to make their job-seeking status known on the career site. Globally, more than
Justin Paget | Digitalvision | Getty Images Many workers hate the prospect of returning to the office five days a week — so much so that they’d quit their jobs if told to come in full-time. To that point, 46% of workers who currently work from home at least sometimes would be somewhat or very
The rich are getting richer. The combined wealth of the world’s most wealthy rose to $15 trillion from $13 trillion in just 12 months, according to Oxfam’s latest annual inequality report — notching the second largest annual increase in billionaire wealth since the global charity began tracking this data. Last year alone, roughly 204 new
Hispanolistic | E+ | Getty Images When it comes to retirement savings, surveys often point to a big magic number you will need to have set aside to live well. Yet retirement experts say to focus on another number — your personal savings rate — to make sure you achieve your retirement savings goals. “Early
Greg Hinsdale | The Image Bank | Getty Images Inheriting an individual retirement account is a windfall for many investors. However, a lesser-known change for 2025 could trigger a costly surprise penalty, financial experts say. Starting in 2025, certain heirs with inherited IRAs must take yearly required withdrawals while emptying accounts over 10 years, known
Rockaa | E+ | Getty Images This season, the IRS expects more than 140 million individual tax returns — and most qualify for a lesser-known free tax filing option. The program, IRS Free File, is a public-private partnership between the agency and the Free File Alliance, a nonprofit coalition of tax software companies. “Over the
US President Donald Trump holds up outgoing President Joe Biden’s letter as he signs executive orders in the Oval Office of the WHite House in Washington, DC, on Jan. 20, 2025. Jim Watson | AFP | Getty Images With President Donald Trump back in the White House and Republicans in control of Congress, experts worry
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