Wealth Management

While inflation and high interest rates are still taking a toll on consumers, more Americans are able to set aside money in an emergency fund, according to a recent report. This year, 30% of adults said they have more emergency savings now compared to one year ago, the report by Bankrate found. More than half

President Joe Biden after he signed the Social Security Fairness Act at the White House on Jan. 5 in Washington, D.C.  Kent Nishimura | Getty Images News | Getty Images The biggest changes to Social Security in years were signed into law on Jan. 5. For more than 3.2 million individuals, that will mean bigger

The Trump administration has already begun carrying out its plans to close parts or all of the Department of Education, which is responsible for underwriting student loans, disbursing college aid and ensuring equal access to education. President Donald Trump campaigned on a pledge to “find and remove the radicals who have infiltrated the federal Department of Education,” and suggested

Maria Korneeva | Moment | Getty Images As millions of taxpayers file returns, many worry that certain claims could boost their chances of being picked for an IRS audit.  After an infusion of funding, the agency said it aimed to more than double the audit rate for the wealthiest taxpayers. But the IRS’ future priorities are unclear amid changing

Asiavision | E+ | Getty Images Collectively, Americans now owe a record $1.21 trillion on their credit cards, according to a new quarterly report on household debt from the Federal Reserve Bank of New York. Credit card balances jumped by $45 billion in the fourth quarter of 2024, driven in part by holiday spending, and

Sanja Radin | E+ | Getty Images It seems that love is in the air, and so is the spending as more people are apparently getting into the Valentine’s Day spirit this year. Americans shopping for their significant others are expected to spend $14.6 billion this year, according to the latest annual survey by the

Prapass Pulsub | Moment | Getty Images If you have a tax bill or bigger than expected refund this season, it may be time to update your paycheck withholding, which can be tricky, experts say.   Typically, there’s a refund when you overpay taxes throughout the year, and a tax bill when you don’t pay enough.

Artistgndphotography | E+ | Getty Images As millions of Americans gather paperwork to file their returns, many could see a tax form for business payments “for the first time ever,” according to the National Taxpayer Advocate. For 2024, if you had more than $5,000 in business transactions from apps like PayPal or Venmo, along with

Nurphoto | Nurphoto | Getty Images Sorry, lovebirds, but that chocolate you’re buying for your sweetie this Valentine’s Day probably comes with a bigger price tag. Candy is the most popular Valentine’s Day gift, beating out other tokens of affection like flowers, cards and jewelry, according to the National Retail Federation. Additionally, chocolate accounts for

Cavan Images | Cavan | Getty Images More than 3.2 million individuals scored a legislative victory due to a new law that will increase the Social Security benefits for which they are eligible. However, many of those individuals now face a lengthy wait for the extra benefit money coming to them. The Social Security Fairness