In this article CAMLX Follow your favorite stocksCREATE FREE ACCOUNT Ascentxmedia | Istock | Getty Images WASHINGTON — Millions of Americans look forward to claiming Social Security retirement benefits after years of paying into the program. But Social Security beneficiaries face the possibility of an across-the board benefit cut of at least 20% in the
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Bloomberg | Bloomberg | Getty Images The “summer of strikes” needs a new name — there is no sign of a slowdown in workers walking off the job this fall. Some 362,000 workers have gone on strike so far in 2023, compared with 36,600 over the same period in 2021, according to data by Johnnie
Members of the United Auto Workers (UAW) union hold a practice picket in front of Stellantis headquarters in Auburn Hills, Michigan, on September 20, 2023. Bill Pugliano | Getty Images Regardless of the outcome, the United Auto Workers strike threatens to cause already high car prices to escalate. After the Big Three automakers — Ford,
In this article RDFN Follow your favorite stocksCREATE FREE ACCOUNT Twenty/20 Girls and young women want to be homeowners by the time they’re 30 — a higher priority even than getting married or earning a lot of money. About half, 52%, of young women ages 7 to 21 want a house by 30, the most
The Consumer Financial Protection Bureau headquarters in Washington, D.C., on May 14, 2021. Andrew Kelly | Reuters The Biden administration wants to remove medical debt completely from consumer credit reports, so the Consumer Financial Protection Bureau on Thursday outlined its proposed rules to keep unpaid medical bills from affecting patient’s credit scores. One in 5
Westend61 | Getty Images By now, most student loan borrowers have accepted that, after a three-year break, their payments will restart in October. Some people, however, may actually have more time. CNBC spoke to several borrowers who say have statements from their servicer showing their first payment’s due date is in November or December. That’s
The Federal Reserve left its target federal funds rate unchanged Wednesday, but did not signal an end to its aggressive rate hike campaign. For households, that offers little relief from sky-high borrowing costs. Altogether, Fed officials have raised rates 11 times in a year and a half, pushing the key interest rate to a target range of 5.25%
A sign marks the location of the University of Phoenix Chicago Campus in Schaumburg, Illinois. Getty Images The Biden administration announced on Wednesday that it would cancel nearly $37 million in student debt for more than 1,200 students who attended the University of Phoenix. The relief will go to many borrowers who applied for borrower
Jose Miguel Sanchez | Istock | Getty Images Federal student loan repayment is set to restart in October following a pandemic hiatus that has been in place since March 2020. Millions of Americans will be on the hook to make monthly payments on those debts, including some Social Security beneficiaries. But if those debtors fall
Woman going over her finances Damircudic | E+ | Getty Images Ready or not, student loan bills are restarting in a matter of weeks. Most borrowers haven’t made a payment on their education debt since Donald Trump was president and the coronavirus was starting to spark concerns. The pause on the bills and the accrual