Prospective buyers attend an open house at a home for sale in Larchmont, New York, on Jan. 22, 2023. Tiffany Hagler-Geard | Bloomberg | Getty Images As high home prices and interest rates push up monthly mortgage payments, it’s harder for many consumers to even get a mortgage in the first place. Last year, lenders
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President Joe Biden holds a Cabinet meeting at the White House on Oct. 2, 2023. Kevin Dietsch | Getty Images President Joe Biden announced on Wednesday that he’d approve $9 billion in student loan forgiveness for 125,000 Americans. The relief is a result of his administration’s fixes to a number of programs, including the income-driven
Brian Snyder | Reuters With competition at an all-time high and admissions practices increasingly unclear, it’s not an easy time for college applicants. As colleges are being forced to rethink their policies in the wake of the Supreme Court‘s ruling against affirmative action, more schools are also choosing to end legacy preferences, adding uncertainty to the process. “There’s
An activist at the offices of Rep. Michelle Park Steel in Cypress, California, on Feb. 24, 2023 Araya Doheny | Getty Images Social Security is essential to older Americans’ financial security, yet there always seems to be a new headline about how the benefits are at risk. Douglas Boneparth, a certified financial planner and president
“Financial inclusion,” defined as individuals and businesses having access to useful and affordable financial products, has declined in the U.S., according to new industry research. The U.S. fell to fourth place, from second, this year in the second annual Global Financial Inclusion Index compiled by the Centre for Economics and Business Research in London and
In this article ZIP Follow your favorite stocksCREATE FREE ACCOUNT Hinterhaus Productions | The Image Bank | Getty Images The job market remains strong despite gradual cooling from pandemic-era highs, according to labor economists — but workers don’t seem to share that outlook. Employee confidence fell last month to its lowest level since 2016, according
Image Source | Vetta | Getty Images Social Security retirement benefits provide guaranteed monthly income for the duration of your retirement. But when you die, your checks stop coming. “You only get Social Security while you’re alive,” said Bruce Tannahill, a director of estate and business planning with MassMutual. Surveys show retirees are tempted to
In many cases, applying early to college can give you an edge. By demonstrating a preference for a particular college, studies have shown, an early application can boost your standing, which goes a long way in the hyper-competitive world of college admissions. “There is certainly an admissions strategy with applying early,” said Shannon Vasconcelos, senior
Makatla Ritchter wades through flood waters after having to evacuate her home when the flood waters from Hurricane Idalia inundated it on August 30, 2023 in Tarpon Springs, Florida. Joe Raedle | Getty Images Climate change is expected to impose “substantial financial costs” on U.S. households in the coming years, according to a new report
Student loan forgiveness advocates rally outside the U.S. Supreme Court building in Washington, D.C., after the nation’s high court struck down President Joe Biden’s student debt relief program, June 30, 2023. Kent Nishimura | Los Angeles Times | Getty Images Ryan Moran, a nurse in Jacksonville, Florida, hasn’t thought about his federal student loans in