More than 11 million Americans continue to report being behind on their rent. How much renters owe varies greatly from one state and county to the next, according to data provided to CNBC by Surgo Ventures, a nonprofit organization focusing on health and data. Across the country, the average renter in arrears owes $3,700. The
Personal finance
Those who hire a lawn-care company will reap time and energy savings for a relatively small monthly cost. davidf | E+ | Getty Images During our working years, saving for the future is critical to one day achieving financial independence. At the same time, we are working to meet other financial goals, such as paying
With schools and parents divided on mask and vaccine requirements, many school districts are planning to be fully in person in the fall — and hoping for the best. “We are all in this together,” said Michael Lubelfeld, superintendent of North Shore School District, just north of Chicago. Lubelfeld said he will follow Illinois
Sam Edwards | Getty Images One type of annuity may be poised to get a bit of a makeover. Under bipartisan retirement legislation pending in both the House and Senate, the rules applying to qualified longevity annuity contracts, or QLACs, would be changed. Although the two chambers’ provisions differ somewhat, both would remove the 25%
The Biden administration announced Friday it will extend the payment pause for federal student loan borrowers through January 2022. Since March 2020, borrowers have been given the option to press the pause button on their monthly bills, without interest accruing on their debt. Some 90% of borrowers have been doing so. The pause was scheduled
Tara Moore | Getty Images When the onset of the Covid-19 pandemic sent shock waves through the U.S. economy, its also prompted worries about how the ensuing downturn could affect Social Security. The program’s trust funds were already running low. At the same time, the Social Security Administration was faced with the unprecedented task of
FG Trade | E+ | Getty Images Sometimes, older Americans discover that retirement just isn’t a good fit. Whether due to needing more income or wanting personal fulfillment, many older Americans head back to work after calling it quits. Of workers age 65 or older, 40% had previously retired at some point, according to a
It might be time, again, to protect your credit. An estimated 1 million U.S. and global credit cards were released by a Russian criminal organization on the so-called dark web, according to analysts at cybersecurity firm Q6. The group, which calls itself “All World Cards,” offers stolen credit card information to other criminals. Although there’s
Photo by Ariel Skelley via Getty Images Investors are piling into municipal bonds — also known as muni bonds or “munis” — ahead of President Joe Biden‘s proposed tax hikes. However, some retirees may be hit with a costly surprise: higher Social Security levies and Medicare premiums. During the first six months of 2021, U.S.
Lucy Nicholson | Reuters The Centers for Disease Control and Prevention on Tuesday released a new federal eviction moratorium, just days after the previous ban expired on July 31. The new rules bought more time for some, but not all, of the millions of renters facing eviction. It’s also increased confusion for many in danger
kate_sept2004 | E+ | Getty Images Many Americans were financially squeezed even before the Covid-19 pandemic began. As of 2019, 41% of households ages 25 to 64 said they did not have enough saved to cover an unexpected $400 expense, according to Federal Reserve data. One reason they may have had trouble setting aside cash:
Joe Raedle | Getty Images News | Getty Images Most states are re-imposing a requirement to look for work as a condition of getting unemployment benefits — and the holdouts may soon do the same. So-called “work search” rules have long been a condition for the jobless to receive income support from the government. It
ArtMarie | E+ | Getty Images ‘Vaccine hesitancy’ has become a popular term as public officials urge unvaccinated Americans to protect themselves against the latest Covid-19 outbreak. Now it turns out there’s also another uncertainty — ‘tax hesitancy’ — that is taking hold among some parents over the expanded monthly child tax credit payments. The
No-Mad | iStock | Getty Images The Biden administration is expected to announce a new federal eviction moratorium on Tuesday, according to a source familiar with the matter. The eviction ban will be targeted at areas of the country experiencing high levels of coronavirus infections. The protection will last for 60 days until Oct. 3,
mphillips007 | iStock Unreleased | Getty Images When it comes to the lottery, it’s been a good year so far for Uncle Sam. Winners of Powerball and Mega Millions jackpots — worth an advertised $2.9 billion in all — have collectively paid roughly $515 million to the IRS in 2021 taxes. And that won’t be
In this article AXP The South Rim in Grand Canyon National Park in Arizona. Westend61 | Westend61 | Getty Images Summer travel is back, big time. That’s according to a survey released Tuesday by American Express Travel, where consumer travel bookings have reached 95% of May 2019 levels. But while affluent Americans are itching to
Bill Oxford | iStock | Getty Images Although the national ban on evictions is now over, a number of states have issued their own protections for renters that will last for months more. These local policies can buy tenants time to get approved for federal rental assistance and help them to stay in their homes.
pcess609 If nothing changes, the federal government’s break from payments for student loan borrowers will come to an end next month. For the first time since March 2020, when the coronavirus pandemic hit the U.S. and crippled the economy, millions of borrowers will have to resume paying their monthly bills. The typical federal student loan
Los Angeles County Regional Food Bank workers help with food distribution in Willowbrook, California on April 29, 2021. FREDERIC J. BROWN | AFP | Getty Images Millions of jobless Americans are poised to lose Covid-era income support in about a month’s time. This impending “benefits cliff” appears different from others that loomed this past year,
In this article Rauf Karimov | iStock | Getty Images With the national eviction ban expiring today, Leopold expects he and his wife, Vivia, and their six young children, will be forced out of their home in Deerfield Beach, Florida, where they’ve lived for the past three years. They’re one of millions of families in