Personal finance

Sen. Kirsten Gillibrand, D-N.Y., attends an an all-day vigil for a national paid leave policy on Nov. 2, 2021 in Washington, D.C. Paul Morigi | Getty Images Entertainment | Getty Images A proposal for a national paid family leave program has been dropped from proposed Build Back Better legislation. But the fight for a policy

Rep. Josh Gottheimer, D-N.J., speaks during a news conference with the Problem Solvers Caucus on Dec. 3, 2020. Stefani Reynolds | Bloomberg | Getty Images As Democrats iron out their $1.75 trillion social and climate spending package, the plan may still include relief for the $10,000 cap on the federal deduction for state and local

Natasha Alipour Faridani | DigitalVision | Getty Images The U.S. Department of the Treasury is now paying a 7.12% annual rate on I bonds, an inflation-protected and nearly risk-free investment, through next April, which may be attractive to those seeking relatively safe portfolio options. Crumbling purchasing power continues to be a concern as Americans see

President Joe Biden delivers remarks on his Build Back Better agenda from the East Room of the White House after meeting with members of the House Democratic Caucus at the U.S. Capitol earlier in the day on Thursday, Oct. 28, 2021 in Washington, DC. Kent Nishimura | Los Angeles Times | Getty Images The latest

HOUSTON, TEXAS – JUNE 09: Employees speak together at a Chipotle Mexican Grill on June 09, 2021 in Houston, Texas. Menu prices at the Chipotle Mexican Grill have risen by roughly 4% to cover the costs of raising its’ minimum wage to $15 an hour for employees. The restaurant industry has been boosting wages in

Ngampol Thongsai | EyeEm Hunting for a new job? Don’t forget about your retirement savings at the company you’d be leaving. More than half of workers (55%) plan to look for a new job in the next year, according to a recent Bankrate survey. Dubbed the “Great Resignation,” the search for greener pastures comes a

kate_sept2004 | E+ | Getty Images When Sherose Badruddin, 38, joined her local Buy Nothing group in Chapel Hill, North Carolina, five years ago, she did it purely to save money. As a single mom, she was on a tight budget.   “I joined my Buy Nothing group in 2016 to get free stuff; I

As the founder and director of two entrepreneurship-focused programs at Stevens Institute of Technology, Launchpad and iSTEM, I have overseen the creation of 12 officially incorporated enterprises, with many more on the way. It took about three years to put our first company together, but now we launch a new company every three months. To maintain this efficiency, we need to identify the right students: the rulebreakers,

JGI/Jamie Grill Consumers are likely experiencing sticker shock as new government data shows annual inflation rising at the fastest pace in more than 30 years. So-called headline inflation, including food and energy prices, rose at a 4.4% annual rate in September, the fastest since 1991. With higher prices likely here to stay for now and

Amid widespread job losses and sudden financial turmoil in 2020, many adults found a likely safety net: their parents. A year and a half later, nearly a third of millennials, between the ages of 25 and 40, still receive financial support from their parents, according to a new survey by personal finance site MagnifyMoney. From

Getting your first job offer is exciting — joining the full-time workforce can mean a salary, benefits, and a path to financial independence.  But before jumping to accept an offer, it’s important to assess what exactly the company is promising you and negotiate your salary. Most people hate negotiating (who can blame them) and don’t

President Joe Biden on Oct. 29, 2021 in Rome, Italy. Antonio Masiello | Getty Images News | Getty Images A $1.75 trillion social and climate spending framework Democrats unveiled Thursday would reform the health-care market in several ways, expanding access and reducing costs for millions of Americans. Chiefly, the proposal would expand subsidies available for

Photo by Mike Kline (notkalvin) | Moment | Getty Images Proposed legislation unveiled Thursday as part of Democrats’ $1.75 trillion social and climate spending plan would close a tax loophole for cryptocurrency investors. The Build Back Better Act would subject crypto transactions to “wash sale” rules, an anti-abuse measure that currently applies to stocks, bonds

Rep. Tom Suozzi, D-N.Y., speaks during a news conference announcing the State and Local Taxes (SALT) Caucus outside the U.S. Capitol on April 15, 2021. Sarah Silbiger | Bloomberg | Getty Images President Joe Biden released a framework for his $1.75 trillion spending package Thursday. And while it didn’t propose changes to the $10,000 cap

Francesco Carta fotografo | Moment | Getty Images With inflation picking up faster than it has in more than three decades, investors are grappling with how to respond to the risk. Rising prices mean that a portfolio’s returns don’t mean as much, a reality that can hit retirees especially hard since they depend on their

Mayte Torres | Moment | Getty Images President Joe Biden has unveiled the framework for a proposed $1.75 trillion social spending and climate plan. But one key component — paid family and medical leave — has been nixed from the proposal. Biden had called for 12 weeks of paid leave as part of his American

President Joe Biden delivers remarks on his proposed Build Back Better social spending bill in the White House on Oct. 28, 2021 Chip Somodevilla | Getty Images News | Getty Images The White House issued a framework for a $1.75 trillion social and climate spending bill on Thursday — and would finance more than half

Anchiy | E+ | Getty Images Middle-class U.S. households have limited financial assets and may face retirement insecurity, according to an analysis from the National Institute on Retirement Security, a non-profit, non-partisan research and education organization. The study looked at financial assets by generation, net worth and race, based on data from the Federal Reserve’s Survey of Consumer

Sen. Ron Wyden, D-Ore., speaks during a Senate Finance Committee nomination hearing for Deputy Treasury Secretary nominee Adewale Adeyemo on Feb. 23, 2021. Greg Nash | Pool | Reuters As Democrats wrestle over how to pay for their social spending package, a proposal to tax the wealthiest Americans has emerged. However, if the plan survives

Senior couple in New York City. New York is the second-worst state for retirement. Allison Michael Orenstein | Getty Images By now, you have probably heard that the funds Social Security relies on to pay benefits are running low. How dire you perceive those circumstances to be is largely shaped by one thing: media headlines,