Personal finance
Buy now, pay later will soon affect your credit score in the UK
Buy now, pay later giant Klarna says it will start reporting data on customers’ usage of its products to credit bureaus in the U.K., gearing up for incoming regulations aimed at reining in the sector over fears it is putting young people into debt. Starting June 1, the Swedish fintech firm will share information on […]
Read More
Your kids can learn life lessons from investing and trading in stocks — here’s how
Trading stocks has become much easier for young traders in the last few years – thanks to fintech apps like Robinhood and Greenlight. Robinhood, for example, drew unprecedented levels of young, first-time traders to the stock market during the pandemic. The rise of such trading platforms that allow kids to buy stocks can be viewed […]
Read More
The Great Resignation is still red hot — but may not last
Peter Dazeley | The Image Bank | Getty Images The pandemic-era trend known as the “Great Resignation” is still red-hot, as workers enjoy the perks of record-high demand for their labor. However, economic headwinds mean those benefits may not last much longer, according to economists. A record 4.5 million workers quit their jobs in March, […]
Read More
Here’s where I bonds may work in your portfolio, according to financial advisors
I bonds are currently paying 9.62% annual interest through this October, presenting an opportunity for investors with a range of goals, according to financial experts. These assets, backed by the federal government, are nearly risk-free and inflation-protected, with rates changing every six months based on the consumer price index from the U.S. Bureau of Labor […]
Read More
How to teach your kids to have a healthy relationship with money – even if you didn’t
Many parents intend to teach their children to have a healthy relationship with money but end up falling short — even though a majority say personal finance lessons are best taught at home. Some 83% of adults say parents should teach their kids about personal finances, according to a CNBC + Acorns Invest in You survey. […]
Read More
Getting an inheritance or winning the lottery can create serious emotional and financial challenges
D-keine | E+ | Getty Images Money, for all the opportunities it affords, can be a major source of stress and anxiety if you’re not used to having it. Coming into sudden wealth, whether via inheritance, a career windfall or luck in the lottery, can create serious emotional and financial challenges for people who have […]
Read More
Op-ed: Money decisions by women will shape the future for the U.S.
The rising economic power of women in this country is one of the most significant financial shifts of recent decades. The bottom line: Women are generating and managing an increasing amount of wealth in the U.S. Meanwhile, closing the gender gap has been one of the major financial initiatives in America over the past decade. […]
Read More
Nearly risk-free I bonds to deliver a record 9.62% interest for the next six months
Marko Geber | DigitalVision | Getty Images If you’re eyeing ways to fight swelling prices, I bonds, an inflation-protected and nearly risk-free asset, may now be even more appealing. I bonds are paying a 9.62% annual rate through October 2022, the highest yield since being introduced in 1998, the U.S. Department of the Treasury announced […]
Read More
Here’s how you can prepare if there’s a half point rate hike from the Fed
Consumers are spending more to keep up with the surging cost of living and it may get worse before it gets better. “Even though wage growth has been the best in decades, it’s been outpaced by increased household costs,” said Greg McBride, chief financial analyst at Bankrate.com. “With inflation at a 40-year high, that has […]
Read More
Four tips for managing an unexpected increase in money
When Kristen Heaton launched her own business in 2013, she never dreamed she’d sell it for seven figures. So, when she sold it to Amazon aggregator Perch in July 2021, she hired a financial advisor to make sure her family could get the most out of the new wealth. “They sat us down, and they […]
Read More