Personal finance

For now, it’s an open question if President-elect Joe Biden has interest in testing his presidential power to try to forgive student debt. Joe Raedle |Getty Images It’s a pressing question not just for higher-education experts and legal wonks. Tens of millions of Americans have a lot riding on the answer: Can the president forgive

Jeanne Flynn, 34, has accumulated thousands in credit card debt while waiting for unemployment benefits to arrive in New Jersey. Jeanne Flynn Jeanne Flynn used to worry about money. But never like this. Flynn, 34, lost her restaurant job in March as the coronavirus pandemic raged. Months of waiting for unemployment benefits and little savings

Siblings Jack, Catherine, Sam and Molly Matt pay a socially distant visit to Santa Claus at the Willow Grove Park Mall in Willow Grove, Pennsylvania, on Nov. 14, 2020. Mark Makela | Reuters There are a lot of kids who won’t be getting a new Xbox for Christmas. As many as 1 in 3 people

RainStar | E+ | Getty Images There’s a chance that if you’re enrolled in Medicare, an Advantage Plan is on your radar as a supplemental coverage option. While these plans continue growing in popularity and availability, there are some things to watch for. And whether you’re mulling over switching to another plan or adding one

A President Donald Trump and a former Vice President Joe Biden supporter converse before the Joe Biden Campaign Rally at the National World War I Museum and Memorial on March 7, 2020 in Kansas City, Missouri. Kyle Rivas | Getty Images This year’s presidential election was expected to usher in a blue wave of votes

Life after college isn’t exactly what Elizabeth McCown thought it would be. After graduating in August, she moved back into her mother and stepfather’s Longwood, Florida, home. While she initially planned to study for the LSAT, the law school entrance exam, she opted to find work instead. “It is not the time to spend a

The Internal Revenue Service (IRS) headquarters in Washington, D.C. Janhvi Bhojwani | CNBC Entrepreneurs who took a forgivable loan this year can’t write off certain expenses on their taxes if they expect the debt will be forgiven, according to the IRS and Treasury Department. The two agencies issued guidance Wednesday on the Paycheck Protection Program

Volunteers distribute food to the needy in Orlando, Fla. Paul Hennessy/NurPhoto via Getty Images About 12 million Americans will lose unemployment benefits in December when CARES Act provisions lapse, absent an extension, according to a new analysis. Unemployment benefits will terminate for more than half of current recipients at the end of the year, coinciding

Millionaires may not be as uncommon as you think. There are more than 20 million people in the U.S. with enough assets to fit the definition, according to a 2020 study by Credit Suisse. Chris Hogan, radio host and author of the book “Everyday Millionaires,” surveyed more than 10,000 of those wealthy individuals to figure

The Federal Trade Commission Building in Washington D.C. Ashley Stringer | CNBC The Federal Trade Commission has filed a civil complaint alleging “unfair or deceptive acts” by Beam Financial, a San Francisco start-up behind a savings app that purported to offer above-market interest rates on federally insured deposits. As CNBC first reported in October, dozens

Talaj | iStock | Getty Images With jobs to hold down, children to care for, friendships to maintain, food to be bought and cooked, dishes to be washed and laundry to be done, it can be a challenge to keep up with all the details of your personal finances. In passing, you may wonder: How

As cases of coronavirus surge, far fewer international students are choosing to study in this country, costing the United States billions. It’s also putting a severe strain on colleges and universities nationwide. The number of international students in the U.S. fell for the first time during the 2019-20 academic year, down 1.8%, according to the

Images By Tang Ming Tung If you still haven’t received your $1,200 stimulus check, you may be in luck. There’s one last deadline to submit your information to the government in order to get your payment this year. But you have to act before 3 p.m. this Saturday, Nov. 21. If you miss that cutoff,

[embedded content] [The stream is slated to start at 2 p.m.. ET. Please refresh the page if you do not see a player above at that time.] The Path Forward: Your Money virtual summit brings together some of the top experts in personal finance to provide critical advice on spending and saving, and examine the

Few people have taken advantage of relaxed rules offering early access to retirement savings for those facing financial hardship due to the coronavirus pandemic. Instead, most 401(k) plan participants appear to be staying the course and haven’t made significant changes to their retirement savings. Fidelity, the nation’s largest 401(k) provider, said contributions to its workplace

Aviation workers hold a protest organized by the Association of Flight Attendants outside the U.S. Capitol in Washington, D.C., on Sept. 9, 2020. Saul Loeb | AFP | Getty Images Washington lawmakers have worked to come to an agreement on the next coronavirus relief package for months. Post-election, those talks could get shaken up by

Getty Images If you’re working and have access to a 401(k) plan, socking away at least enough money to grab the company’s matching contribution is key, experts say. Yet how much is that extra cash worth? Most companies that offer these workplace retirement plans will match your contributions up to a certain amount. Depending on

John and David Auten-Schneider on their wedding day. The couple married after more than 13 years together. Studio Lemus John Auten-Schneider and David Auten-Schneider came out about their finances about two years after they started dating. The conversation started while they were looking to buy land in Winter Park, Colorado, to build a weekend home.

Amy Abad-Sosa Amy Abad-Sosa What started out as a fun at-home activity for Amy Abad-Sosa has turned into a source of small business income. The 29-year-old mom of two and bookkeeper, based in Bogota, New Jersey, kicked off her new venture “Adventure Bins” this fall – homemade activity boxes for toddlers and preschoolers. “We’re not

Try – Fail – Success. Andrii Zastrozhnov | iStock | Getty Images Who can go through life without making some financial mistakes? In fact, so personal are matters of the pocketbook that it can be hard to definitely label any one money move a mistake. Maybe you wanted to go back to school and took