Personal finance

Kmatta | Moment | Getty Images For high school and college students, summer jobs are an opportunity to get used to earning a paycheck. With that earned income, those young workers are also eligible to start investing in a Roth IRA. Roth individual retirement accounts let workers set aside post-tax earnings towards retirement. In 2023,

After the Supreme Court‘s ruling on the affirmative action admission policies of Harvard and the University of North Carolina, decades-old legacy preferences are facing new challenges. The court’s ruling was considered a massive blow to efforts to boost enrollment of minorities at American universities through policies that considered applicants’ race. Now, a civil rights group is contesting the practice of

The Powerball jackpot for July 10, 2023 has hit $650 million. Here, a cashier at a 7-11 store in Milipitas, California, issues Powerball tickets in 2022. Anadolu Agency | Anadolu Agency | Getty Images With no winner for the Powerball jackpot, the prize has jumped to an estimated $650 million ahead of Monday’s drawing. Of

Photo: Envato Elements There are signs the labor market is cooling down, but job seekers may still have an edge as demand for workers remains strong — and artificial intelligence can serve as a tool in the process. Despite the worries that artificial intelligence will eliminate jobs, these advanced software systems can give you the

Atlanta single father Jon had his son Theo after a decade of saving and strategizing with employer benefits and advocacy group help. Jon G. There are many paths to parenthood, and the journey is often a lot more costly for parents who rely on surrogacy.  For Jon, 41, the road to becoming a father to

Photo taken in Amalfi, Italy Sergio_pulp | Istock | Getty Images “Have you ever been broke, but no one believes you because you don’t look like a broke person?” New videos trending on social media platforms such as TikTok and Instagram are asking that very question. “The thing is, like you broke, but like a

In this article AMZN Follow your favorite stocksCREATE FREE ACCOUNT By some measures, Amazon Prime Day could be good for your mental health. Amid concern about inflation and the direction of the U.S. economy, consumer spending has started to slow, but the “little treat” culture is gaining steam. For those on TikTok, the little treat lifestyle is considered a form

Rockaa | E+ | Getty Images When federal student loan borrowers resume their payments in the fall, they’ll find another repayment option available to them. The U.S. Department of Education said borrowers can enroll in “the most affordable repayment plan ever created” later this summer, and before the over three-year-long pause on federal student loan

Jamie Grill | Getty Images It has been well reported that an economic downturn could be coming. But the big question is when might a recession happen, and how bad could it be? Many Americans fear an economic downturn could be as bad as the 2007 to 2009 Financial Crisis, a recent Nationwide survey of

Melanie Langsett is taking the days around July 4 to relax, catch up with friends and celebrate her son’s birthday. She’s using a benefit her employer, Deloitte, calls “Collective Disconnect” days. These are times, in addition to other paid time away from the office,  when the entire workforce is off at the same time, giving

U.S. President Joe Biden is joined by Education Secretary Miguel Cardona as he announces new actions to protect borrowers after the Supreme Court struck down his student loan forgiveness plan in the Roosevelt Room at the White House on June 30, 2023 in Washington, DC. Chip Somodevilla | Getty When federal student loan payments finally

Sturti | E+ | Getty Images The U.S. job market is gradually cooling but remains hot despite a year-long government campaign to reign it in, amounting to a favorable environment for many jobseekers, economists said. “It still boils down to higher worker leverage, better outside opportunities, an easier time exchanging jobs for better ones and

Damircudic | E+ | Getty Images Scammers are likely to target student loan borrowers after the Supreme Court struck down the Biden administration’s debt forgiveness plan Friday and as loan repayments are poised to restart in the fall, according to the Federal Trade Commission. Scammers often “take advantage of confusion around big news like this,”

“Honestly, I think the prompt irritates most people,” said Lyn James, the owner of Flowers & Cappuccino by Lasting Visions in Bowman, North Dakota. James said that’s why she opted out of the tip screen when she implemented her store’s contactless point-of-sale system. Although gratuity can vary greatly, “most folks will leave at least a

Vesna Andjic | E+ | Getty Images Higher earners are more likely to owe an extra levy on investment earnings than a decade ago. But there are ways to reduce your tax bill, experts say. Enacted as part of the Affordable Care Act health-care expansion, the 3.8% net investment income tax applies to capital gains,

Renphoto | E+ | Getty Images Fireworks-related damage may be covered by your renters or homeowners insurance policy — but not always. “The very short answer is: Usually there’s coverage,” said Peter Kochenburger, executive director of the insurance law program at the University of Connecticut and deputy director of the university’s Insurance Law Center. “It

People line up outside of the Supreme Court in Washington, D.C., on June 30, 2023. Kent Nishimura | Los Angeles Times | Getty Images Many student loan borrowers face risk factors that suggest they could struggle covering their bills, especially after the Supreme Court struck down President Biden’s federal student loan forgiveness proposal and repayment

Kieferpix | Istock | Getty Images A record 43.2 million people are expected to travel by car this July 4 holiday, according to AAA, the motoring and leisure travel membership organization. The good news for those drivers is that gas prices around the country are lower than they were last year. The national average for

By nearly every measure, buying a car has become extremely expensive. Not only are new vehicle prices near an all-time high, but the interest rate to finance a purchase has also jumped dramatically. Now, fewer affordable new cars even hit the market, according to recent reports. Today, new cars priced under $30,000 make up just

The Supreme Court struck down President Joe Biden’s student loan forgiveness plan on Friday, yet college affordability will remain an issue for years to come, experts say — causing more students to opt out altogether. Given the Supreme Court‘s ruling against affirmative action admission policies, as well, “it’s very appropriate for us to be concerned,” said Kelly