Personal finance

Nicole Chung Source: Carletta Girma In author Nicole Chung’s new memoir, “A Living Remedy,” she tells the story of watching both her parents die in the span of two years. It was all the more painful because of her mother and father’s inability to afford the medical treatments they needed. Chung blames the country’s broken

Greg Blomberg | EyeEm | Getty Images Americans traveling abroad may need to wait more than four months for a new passport — and delays are likely to worsen as the busy summer travel season approaches. That means international travelers should act soon if they’re planning a trip later this year or in 2024, travel

AscentXmedia | E+ | Getty Images Social Security and Medicare face an uncertain future, based on new annual reports from the programs’ trustees that were released last week. “Insolvency is in the near horizon,” said Marc Goldwein, senior vice president at the Committee for a Responsible Federal Budget, during a panel hosted by the non-partisan,

The disparity in wealth between Black and white households in the U.S. — referred to as the racial wealth gap — has paved the way for a significant retirement savings shortfall that is only growing, according to Thasunda Brown Duckett, president and CEO of TIAA. “There is a real problem,” she said Tuesday in a conversation with

Ijeab | Istock | Getty Images As families try figure out how to pay for their children’s college costs in the fall, scholarships are an important avenue to explore. “Every dollar won in a scholarship could potentially eliminate a dollar borrowed for the student,” said Elaine Rubin, director of corporate communications at Edvisors. More than

Westend61 | Westend61 | Getty Images The job market continued a gradual cooling in February but largely remains advantageous for workers, according to labor data issued Tuesday. Job openings, a barometer of employer demand for workers, fell by 632,000 to 9.9 million in February — the lowest level since May 2021, according to the Bureau

On the heels of the Great Resignation, some workers are even more motivated to leave their job in search of a better work-life balance. To that point, 56% of the workforce is likely to look for a new job in the year ahead, up from 51% in 2022, according to Bankrate’s 2023 job-seeker survey. In

Aaronamat | Istock | Getty Images Over the last 15 years or so, the interest rates you could earn on your cash were very low. And while the Federal Reserve has changed that with a recent series of interest rate hikes aimed at combating high inflation, many savers still do not know they could be

Chuyn | Istock | Getty Images If you’ve dreamt of working or retiring abroad, you may be tempted by the possibility of cheaper housing or healthcare. But there are some things to consider before making the jump. Jude Boudreaux, partner and senior financial planner with The Planning Center in New Orleans, works with several expat

These days, most Americans are stressed about money. And yet, when it comes to budgeting, saving and managing debt, many get some simple fundamentals wrong. For example, according to one LendingTree survey, 65% of Americans think carrying a small balance on their credit card each month will improve their credit score. That’s incorrect. Not only can

A Social Security Administration office in San Francisco. Getty Images The Social Security trust funds that about 67 million Americans rely on for benefits are scheduled to be depleted in 2034, one year earlier than was projected last year, according to the annual trustees’ report released by the Treasury Department on Friday. Unless Congress takes

In this article JPM Follow your favorite stocksCREATE FREE ACCOUNT Annie Nova and her sister, Janna McPartland Courtesy: Annie Nova When my younger sister, Janna, and I hang out — which is a lot because we live on different floors of the same apartment building — what we talk about usually doesn’t involve money. We

Money can be a relationship’s downfall; it can also be the reason couples stay together. With more Americans feeling financially constrained, 23% of all couples are primarily staying in their current relationships due to financial dependency, according to a new report by LendingTree. Between sky-high inflation and stubborn gender dynamics, “I am not surprised at

In this article TOST FISV CRM AAPL SBUX CCF AXP V MA COF DFS BAC WFC C MHI-AU SSVC TNL YOU AMZN Follow your favorite stocksCREATE FREE ACCOUNT When was the last time you purchased something and you weren’t asked for a tip? Not only are requests to tip on purchased goods and services increasingly

Simpleimages | Moment | Getty Images It can be hard to separate financial fact from fiction. CNBC polled eight personal finance experts to help answer one question: What are the biggest money myths out there for consumers? Here are 9 of the top fallacies the financial gurus debunked. Myth #1: Giving up a daily coffee

With high inflation, the threat of a recession and ongoing market volatility, we’re in a period of high financial uncertainty. Understandably, many investors “are pretty afraid right now,” said Brad Klontz, a psychologist and certified financial planner. And when we’re stressed, our frame of reference tends to become short, said Klontz, who is also a

Songsak Rohprasit | Moment | Getty Images This is an excerpt from the Personal Finance team’s weekly Twitter Space, “This week, your wallet.” Check out the latest episode here. Tax Day is fast approaching. The deadline to file a federal tax return for most Americans just over two weeks away, on Tuesday, April 18. Here’s

Marko Geber | DigitalVision | Getty Images If you’re a freelancer or contract worker, there are still ways to lower your 2022 tax bill — including contributions to a retirement plan improved by legislation passed in December. One of the provisions from Secure 2.0 included a change to solo 401(k) plans, designed for self-employed workers

To keep up with rising costs, many young adults turn to a likely safety net: their parents. From buying groceries to paying for their cell phone plan or covering health and auto insurance, 45% of parents with a child age 18 or over provide them with at least some financial support, according to a recent

Suze Orman Nathan Congleton | NBC | Getty Images The recent failures of Silicon Valley Bank and Signature Bank have made a recession more possible — and that means it’s more important than ever to have emergency savings set aside, according to personal finance expert Suze Orman. “Because of what is happening with banks, it