Personal finance
Is a recession on the way? These unconventional economic indicators may provide some clues
The completion of the world’s tallest buildings is said to be one less conventional indicator of an economic downturn. Pictured here on April 3, 2022, is the Merdeka 118 tower in Malaysia, which was completed at the end of the 2021 and is said to be the world’s second tallest skyscraper. Sopa Images | Lightrocket […]
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Here are the signs the job market is hot for workers
A “Now Hiring” advertisement in a store window in Bay Shore, New York, on March 24, 2022. Steve Pfost/Newsday RM via Getty Images Claims for unemployment insurance last week fell to their lowest level in more than 50 years — yet another sign workers are reaping the benefits of a hot labor market. Americans filed […]
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Demand for used cars drops from a year ago but high prices aren’t budging
David Paul Morris | Bloomberg | Getty Images Used-car prices appear to be stuck in high gear, despite slowing consumer demand. Last month, sales of used cars less than 10 years old were down 27% compared with March 2021, according to car shopping app CoPilot, which tracks dealership prices nationwide. The average price during that […]
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Here’s how to navigate buying a car amid low inventory and high prices
Any shopper who has stepped onto a vehicle sales lot during the coronavirus pandemic has likely noticed at least two things: There are very few cars and they have very high sticker prices. Amid inflation and fear of a recession, buying a car in this climate is certainly not for the faint of heart. “If […]
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Biden extends payment pause on federal student loans until September
President Joe Biden announced Wednesday another extension of the payment pause on federal student loans, this time until September. This is the sixth prolongment of the break, which has spanned more than 24 months and two presidencies. Borrowers have saved nearly $200 billion during that period, the Federal Reserve has found. The policy freezing the […]
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‘It’s a lifelong experience.’ Governors say financial education should extend beyond school years
Student Olivia Raymond participates in a personal finance course in her middle school class in West Orange, New Jersey, in February 2020. CNBC Pursuing financial literacy is something that should continue beyond traditional school years, according to several state governors. “We think it’s a lifelong experience,” New Jersey Gov. Phil Murphy told CNBC’s Sharon Epperson […]
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Not earning enough? Many workers are unhappy with their pay
The “Great Resignation,” also known as the “Great Reshuffle,” has many Americans at least considering a career move. But increasingly, job hopping may be more necessary than voluntary as the recent spike in inflation puts households under financial stress. While wage growth is high by historical standards, it isn’t keeping up with the increased cost of […]
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Op-ed: Here’s what every woman needs to know about investing
Thomas Barwick | Getty Images Despite setbacks during the pandemic, the financial influence of women in the U.S. only stands to grow in the coming years. To that point, as more and more women embrace their economic power, they’re increasingly tackling the fundamentals of personal finance. McKinsey projects that by 2030, American women will control […]
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‘There are so many ways to lose money.’ Advice for college athletes from former basketball player turned financial advisor
University of Arizona Wildcats guard Joe McLean plays defense against UCLA Bruins guard Kevin Dempsey during a Pacific-10 Conference game on Jan. 7, 1993. Ken Levine | Getty Images Sport | Getty Images Like many former NCAA college basketball players, Joe McLean had dreams of playing in the NBA. The 6’6″ forward played four years […]
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Getting a divorce? Here’s how to tackle those money issues
Peter Dazeley | The Image Bank | Getty Images When dealing with a divorce, it can be hard to focus on your future finances. However, it’s crucial to face up to them sooner rather than later. “People often say ‘I just want out,’ but the reality is going to hit you later,” said certified financial […]
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