Yuliya Taba | E+ | Getty Images The Consumer Financial Protection Bureau is warning that roughly 1 in 5 student loan borrowers have financial risk factors that could cause them to struggle when their payments resume in the fall. The bipartisan agreement to raise the federal debt ceiling signed into law earlier this month by
Personal Finance
Simpleimages | Moment | Getty Images Millionaires moved money out of stocks into cash and cash-like investments in the past year and may add to those allocations over the next 12 months, according to a new CNBC Millionaire Survey. But the average investor may not be wise to mirror the millionaires. Much would depend on
The U.S. Supreme Court. Douglas Rissing | Istock | Getty Images Student loan borrowers anxious to know whether or not they’ll get their debt forgiven will likely get their answer within weeks. The Supreme Court heard oral arguments at the end of February for two of the legal challenges brought against President Joe Biden’s plan
When it comes to buying a home now, there are plenty of challenges. But homeownership can be a great way to build wealth and to maintain housing stability, said Kamila Elliott, a certified financial planner and co-founder and CEO of Collective Wealth Partners, a boutique advisory firm in Atlanta. Achieving that goal now can be challenging, with
Fatcamera | E+ | Getty Images Cryptocurrency is the most prevalent investment held by Gen Z investors, a trend likely fueled by the cohort growing up during an age marked by technological change, social media and easier access to investing, according to a new joint report from the CFA Institute and Financial Industry Regulatory Authority’s
Douglas Rissing | Istock | Getty Images After a more than three-year reprieve, federal student loan bills will restart within months. In the agreement to raise the debt ceiling, which President Joe Biden signed into law last week, there is a provision that officially terminates the pause on federal student loan payments and potentially makes
In this article SNAP Follow your favorite stocksCREATE FREE ACCOUNT Tomml | E+ | Getty Images A new deal to lift the nation’s debt ceiling includes fresh work reporting requirements for 50-something adults who receive Supplemental Nutrition Assistance Program, or SNAP, benefits. The change could result in almost 750,000 adults ages 50 to 54 losing
Harvard Yard, on the campus of Harvard University in Cambridge, Massachusetts. Maddie Meyer | Getty Images This year’s high school graduating class faced one of the toughest college-application seasons on record. At the nation’s top schools, including many in the Ivy League, “it’s never going to be harder to get in,” said Hafeez Lakhani, founder
Jackyenjoyphotography | Moment | Getty Images Investors who are skittish about the ups and downs of the stock market can borrow an easy 401(k) investment strategy to calm their nerves and be more disciplined with their money — and reap the potential financial benefits. The strategy is called “dollar-cost averaging.” It entails investing money in
Pixdeluxe | E+ | Getty Images Retirement savers who withdrew money from their accounts in the early days of the Covid-19 pandemic may have just days or weeks left to repay those funds and reap the tax benefits. The CARES Act — a federal relief law passed in March 2020 — allowed savers to pull
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
File photo of graduates of Baruch College participate in a commencement program at Barclays Center, Monday, June 5, 2017, in the Brooklyn borough of New York. 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, Governor Kathy Hochul announced
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 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
Most homeowners are planning to remodel at some point down the road, but not everyone will get their money’s worth in improved home value. Of all home improvement projects, the most popular are sparkling bathroom overhauls, according to newly released data from the Contractor Growth Network, followed by big-ticket kitchen and basement renovations. In some
US House Speaker Kevin McCarthy, a Republican from California, arrives to the US Capitol in Washington, DC, on Wednesday, May 31, 2023. Sarah Silbiger | Bloomberg | Getty Images A measure in the debt ceiling deal terminating the student loan payment pause is facing heavy opposition from advocates, progressives and borrowers. “The pause on student
Halfpoint Images | Moment | Getty Images Americans’ confidence 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 is high inflation, which has reduced both workers’ and retirees’ belief that their
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
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