Personal finance
What Trump’s win could mean for student loan forgiveness
The U.S. Department of Education’s work to cancel student debt for tens of millions of Americans will likely some to a halt with the election of Donald Trump, who has called the efforts “vile” and “not even legal.” When Trump re-enters the White House in January, he will probably direct his administration officials to stop […]
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The next U.S. president could face a tax battle in 2025 — here’s what it means for investors
This combination of pictures created on October 25, 2024 shows US Vice-President and Democratic Presidential candidate Kamala Harris in Houston, Texas on October 25, 2024 and former US President Republican presidential candidate Donald Trump in East Del Valle, Austin, Texas on October 25, 2024. Getty Images As millions of Americans cast ballots on election day, […]
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Trump plan would make Social Security insolvent in just 6 years, budget group says
Former President Donald Trump’s campaign plans would significantly accelerate the already-fast-approaching date when Social Security is projected to run out of money, a nonpartisan budget group said Monday. Trump’s agenda would make the popular government program, relied upon by millions of American seniors, insolvent in six years — shrinking the current timeline by a third, […]
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Biden extends student loan payment pause by 6 months for 8 million SAVE plan borrowers
U.S. President Joe Biden speaks as he announces a new plan for federal student loan relief during a visit to Madison Area Technical College Truax Campus, in Madison, Wisconsin, U.S, April 8, 2024. Kevin Lamarque | Reuters Federal student loan payments for some 8 million borrowers will remain on pause for six months or longer, a spokesperson for […]
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Why abortion access is a personal finance issue, says demographer who studies the effects of unwanted pregnancy
Key Points Diana Greene Foster led The Turnaway Study, a landmark research study on the socioeconomic outcomes for Americans who are “turned away” from abortion. Foster, a demographer and professor at the University of California San Francisco, found higher instances of poverty and a greater likelihood of bankruptcies and evictions for women who couldn’t get […]
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Why I paid $95 to recycle a mattress — and you might, too
Key Points Donating my old queen-sized mattress proved difficult. I recycled it and paid nearly $100 for the service in New York. More than 75% of mattress materials, like wood, foam, steel and fiber, can be recycled. The economics can be challenging for recyclers. Some states have enacted mattress recycling laws that make it cheaper […]
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Why some families will pay $500,000 for Ivy League admissions consulting: ‘It’s worth the investment’
Ivy League architecture at Princeton University. Loop Images | Getty Images At the nation’s top schools, including many in the Ivy League, acceptance rates hover near all-time lows. “College admissions only ever gets more competitive and there’s a lot of stress from families about the stakes and how to get in,” said Thomas Howell, the founder […]
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Minimum wage is on the ballot in 5 states this November. Here’s how the votes could go
A Feb. 18 rally celebrating the California Labor Commissioner’s order for a McDonald’s franchise to rehire and compensate workers who went on strike for coronavirus protections was held on Feb. 18, 2021. Lucy Nicholson | Reuters This November, voters in at least three states will decide whether or not to raise their state-level minimum wages. […]
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Why 401(k) plans are the ‘final frontier’ for exchange-traded funds
ETF Strategist Why 401(k) plans are the ‘final frontier’ for exchange-traded funds Published Thu, Oct 17 202410:49 AM EDT Greg Iacurci@GregIacurci WATCH LIVE Source
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Biden administration forgives $4.5 billion in student debt for over 60,000 public service workers
Momo Productions | Digitalvision | Getty Images The Biden administration announced on Thursday that it was forgiving another $4.5 billion in student debt for over 60,000 borrowers. The latest round of relief is a result of the U.S. Department of Education’s fixes to the popular, but once troubled, Public Service Loan Forgiveness program. President Joe […]
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