Today: 16. Nov, 2024
The stock market may face volatile times in light of the current federal debt-ceiling impasse and the potential for an impending recession. This scenario can be particularly daunting for retirees who depend on their investment income. It’s standard advice for retirees to…
A new annual report from the Federal Reserve suggests that the overall financial health of Americans has taken a hit. The recent report, which focuses on the economic stability of U.S. households, was released last week. The study from 2022 revealed that…
Those federal student loan borrowers expecting further delays in their pandemic-era repayments are disappointed as President Joe Biden and Republican lawmakers approach a tentative agreement to lift the debt ceiling and avert national default. The proposed legislation indicates that the hold on…
The looming termination of student loan payment suspension, included in the forthcoming debt ceiling deal, has prompted strong resistance from borrowers, proponents, and progressives. The debt-ceiling agreement, expected to be ratified this week, incorporates a clause to cease the deferment of loan…
According to a recent report published by the Employee Benefit Research Institute and Greenwald Research, American citizens’ assurance about a comfortable retirement life has seen its sharpest decline since the 2008 global financial crisis. As per the study, this downturn is primarily…
Understanding the rate at which consumer prices rise may appear simple on the surface. However, the reality is far more intricate due to various idiosyncrasies in how categories such as housing, technology, and health insurance are measured in the consumer price index…
As many Americans struggle to afford a college education, corporations are increasingly leveraging tuition assistance programs as a potent tool to attract and retain employees. Over recent years, there’s been a notable rise in businesses introducing or augmenting free college programs as…
Often touted as “free” money, an employer’s 401(k) match can significantly boost an employee’s retirement savings. However, it comes with a caveat – employees may need to wait six years to claim this money fully. An employer’s match is their contribution to…
When enhancing your emergency fund or working towards a short-term financial objective, a certificate of deposit (CD) ladder might be a beneficial tool in acquiring superior returns amid the volatility of interest rates. The Federal Reserve’s recent series of interest rate hikes…
Experts argue that current concerns over the debt ceiling highlight the need for Social Security and Medicare reforms. The debt ceiling refers to the maximum amount of money the government can borrow to meet its financial obligations, and failure to raise it…
