The tens of millions of Americans who’ve been celebrating news of student loan forgiveness are now stuck in limbo as Republicans mount legal challenges to the Biden administration’s plan. In August, President Joe Biden announced that most federal student loan borrowers will be eligible for some forgiveness: up to $10,000 if they didn’t receive a Pell Grant,

Dragos Condrea | Istock | Getty Images A bipartisan bill in the House aims to fix a costly enrollment mistake that some older adults make when they transition to Medicare from an employer-based health plan. Under current rules, workers age 65 or older who leave their job but keep their company’s health insurance as allowed

A recession is a very real possibility. As the Federal Reserve aggressively raises rates to combat persistent inflation, the tough stance could come at a price. Already, falling stock markets have wiped out more than $9 trillion in wealth from U.S. households. Fed Chairman Jerome Powell also warned the central bank’s upcoming moves to fight soaring prices may

Cavan Images | Cavan | Getty Images It’s no secret that money issues can add stress to a relationship. But a new survey from The Knot, a wedding planning website, finds couples say certain moves are deal breakers in their relationships. related investing news Medical costs are rising. Stocks are slumping. How to get the

Arizona Attorney General Mark Brnovich has brought a legal challenge against the President Joe Biden’s sweeping student loan forgiveness plan, possibly putting the administration’s proposal to wipe out much of the debt of tens of millions of borrowers in jeopardy. “This mass debt forgiveness program is fundamentally unfair, unconstitutional and unwise,” Brnovich said in a

In this article LC Follow your favorite stocksCREATE FREE ACCOUNT Almost everyone has felt the sting of rising prices. As of August, 60% of Americans were living paycheck to paycheck, according to a recent LendingClub report — a number that hasn’t budged much since inflation hit 40-year highs. A year ago, the number of adults

A man walks through the debris on a street in the aftermath of Hurricane Ian in Punta Gorda, Florida. Ricardo Arduengo | Afp | Getty Images If you’re far from the destruction caused by Hurricane Ian in Florida, you may be thanking your lucky stars that your home wasn’t in the storm’s path. Nevertheless, you

A graduate who calls himself “April Vendetta” protests student debt in New York’s Washington Square Park on May 19, 2021, after New York University’s virtual commencement ceremony. Timothy A. Clary | AFP | Getty Images Federal student loan borrowers whose loans are not held by the U.S. Department of Education will no longer be able

In this article TGT AMZN Follow your favorite stocksCREATE FREE ACCOUNT Holiday shoppers are getting a head start on the season, and a few big-name retailers are paving the way. Amazon recently announced a two-day “Prime Early Access Sale” kicking off on Oct. 11, and Target is running its own “Deal Days” starting Oct. 6.

Klaus Vedfelt | Getty Images As President Joe Biden, at a White House event on Tuesday, touted new legislation that will reduce Medicare drug pricing, he also vowed to protect both Medicare and Social Security in the face of what he called Republican attacks on the programs. “I’ll protect those programs; I’ll make them stronger,”

In this article CTRN Follow your favorite stocksCREATE FREE ACCOUNT In a war for talent, employers are drastically expanding their benefit offerings to attract and retain workers. Free college may be the most effective tool yet. Most recently, nationwide pizza chain Papa John’s announced it is offering fully funded degrees from partner schools, including the

Porquenostudios | Istock | Getty Images A lawyer working for a conservative legal group this week brought the first legal challenge to President Joe Biden’s sweeping plan to cancel up to $20,000 in student debt for millions of Americans. “Nothing about loan cancellation is lawful or appropriate,” Frank Garrison, an attorney at Pacific Legal Foundation, said

wera Rodsawang | Moment | Getty Images Child poverty fell dramatically in 2021, thanks to an expansion put in place last year that sent monthly payments of up to $300 per child to millions of eligible families. Yet many individuals and families eligible for the child tax credit, as well as another called the earned

It’s tough to fight inflation when you have no control over the rising costs of many goods and services. There’s also not much you can do to stop interest rates from climbing or stocks from falling, either. Still, you may have more control than you realize when it comes to another financial pain point that

bymuratdeniz | E+ | Getty Images The 2023 monthly premium for Medicare’s outpatient care coverage will be about 3% lower than it is this year, the government announced Tuesday. The standard monthly premium for Part B will be $164.90 next year, down $5.20 from $170.10 in 2022, according to the Centers for Medicare & Medicaid

Most millennials have invested heavily in stocks or cryptocurrency — and that hasn’t turned out so well. The S&P 500 Index is down more than 20% so far this year. Bitcoin, the largest cryptocurrency, is hovering around $19,000 after starting out the year above $45,000. As many younger investors bail out of those investments, bonds

JGI/Jamie Grill When the Federal Reserve hiked the target federal funds rate by another 0.75 percentage points this month, it opened some new opportunities for savers to earn better returns on their cash. The Fed’s move is aimed at combating high inflation, which has sent costs for housing, food and energy soaring. related investing news

Source: Getty Images The IRS continues to chase U.S. taxpayers who failed to report and pay taxes on cryptocurrency transactions with a new court order allowing a summons for customer records. The agency will issue a so-called “John Doe summons” requiring M.Y. Safra Bank to turn over crypto transaction data for SFOX, a digital currency

Mphillips007 | E+ | Getty Images The pumpkin spice latte is back — and the popular and meme-ified seasonal drink can teach us a lot about consumer behavior and economics. Starbucks debuted the pumpkin spice latte in 2003, and the “PSL” grew to be the company’s most popular seasonal drink, selling more than 600 million

Phynart Studio | Istock | Getty Images President Joe Biden’s announcement last month that he’ll forgive up to $20,000 in student debt for borrowers will also impact the millions of parents who have taken out loans for their children’s education. The debt cancellation applies to so-called Parent PLUS loans, federal loans that parents can take

Noel Hendrickson/Getty Images Even with signs that the housing market is cooling, homebuyers are still feeling the sting of elevated prices and higher interest rates. The average rate on a 30-year fixed-rate mortgage is 6.7% as of Friday, up from 3.3% at the start of 2022, according to Mortgage News Daily. Alongside that, home prices

sturti The possibility of a looming recession is prompting fresh worries for both professional and everyday investors. More than half of Americans — 56% — think the country is already in a recession, according to a recent survey from MassMutual. Meanwhile, 49% of respondents said they think there will likely be a recession next year,

In this article TRU Follow your favorite stocksCREATE FREE ACCOUNT After years of cheap money, it’s suddenly a lot more expensive to borrow. The Federal Reserve has raised its benchmark short-term rate 3 percentage points since March in an effort to curb unrelenting inflation, including another big hike earlier this week. “Interest rates are going up at the

Ronnie Kaufman | DigitalVision | Getty Images For some new retirees, there’s an extra step needed when it comes to signing up for Medicare. That is, you may need to appeal so-called income-related adjustment amounts, or IRMAAs as they’re called, if your income is now lower than when you were working. Those extra charges kick

Skynesher | E+ | Getty Images It’s still an employees’ market, even amid high inflation and talk of a possible recession. But there are some signs that could start to change. One key reason: The Federal Reserve’s 0.75 percentage point interest rate increase announced on Wednesday likely won’t be its last as it moves to

Whether it’s due to belt-tightening or the promise of federal student loan forgiveness, suddenly families are paying closer attention to financial aid for college. Of those parents with college-bound students who didn’t plan on applying for federal aid, 58% have now changed their minds, according to a new report by Discover Student Loans. “Given the uncertainties

Hinterhaus Productions | Digitalvision | Getty Images It’s that time of year, when workers get to make some decisions about their employee benefits. Many companies are beginning to hold their annual open enrollment period, which is when employees can sign up for 2023 health insurance — as well as consider other benefits, if your employer

The Federal Reserve raised the target federal funds rate by 0.75 percentage points for the third time in a row, in an effort to cool down unrelenting inflation. Fed officials have raised the benchmark short-term borrowing rate a total of five times this year, including 75 basis point increases in June and July, marking an unprecedented pace.

In this article MS Follow your favorite stocksCREATE FREE ACCOUNT Fizkes | Istock | Getty Images Employees’ 401(k) accounts may have taken a hit during recent market volatility, but that’s not the only reason balances may be down. A new study from Morgan Stanley at Work finds 62% of employees have reduced their short- and

Brandon Bell | Getty Images News | Getty Images The White House released an analysis on Tuesday of how many people in each state stand to benefit from its student loan forgiveness plan, including a count of borrowers who received a Pell Grant. More than 3.5 million people are eligible for debt cancellation in California,