Personal finance
Neobanks fight to lure United kingdom savers with juicy yields as fascination prices rocket to a 14-12 months higher
The Starling Lender application exhibited on a person’s telephone. Adrian Dennis | AFP by means of Getty Visuals LONDON — Online banks in the U.K. are racing to bump up the yields on their savings accounts in a bid to lure cash-strapped savers right after the Lender of England improved its benchmark interest rate for […]
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Long Covid medical costs average $9,500 in first six months, as patients become ‘health-system wanderers’
Joos Mind | Photodisc | Getty Images Long Covid results in $9,500 of total average medical costs for workers and their employers in the six months following a diagnosis, according to a study by Nomi Health. Long Covid is a chronic illness that can carry potentially debilitating symptoms, which may last for months or years. […]
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Wellness insurance plan is encouraging great inflation. But ‘it’s not a pretty superior reflection’ of what individuals shell out, cautions economist
Important Points Health and fitness insurance coverage selling prices deflated in October and November, in an surroundings of large inflation for most other U.S. merchandise and services, in accordance to the customer cost index. People insurance policy charges are poised to drop about 4% a month through September 2023. The explanation why has additional to […]
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This 529 savings plan myth is making college pricier for families, consultant says: ‘It’s candidly, blatantly not true’
Kevin Dodge | The Image Bank | Getty Images SEATTLE — For many families, paying for college is a financial burden, and experts say education-funding myths may be adding to the student loan debt crisis. “There’s often this perception that somehow people are being penalized for saving for college,” said Cozy Wittman, national education and […]
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Here’s why salaries in the U.S. don’t keep up with inflation
Inflation in the United States hit a record high in June 2022. Consumer prices soared by 9.1% compared with a year prior — the largest annual increase since 1981. While wages are rising, they’re not keeping up with inflation. Wage growth has been consistent with an inflation rate of about 4.5%. Meanwhile, as of November, […]
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Used car prices are down 3.3% from a year ago — but still ‘grossly inflated,’ auto expert says. Here’s where to find deals
Westend61 | Westend61 | Getty Images In the latest inflation reading, used cars are one of the few categories with prices that are lower than they were a year ago. While the consumer price index — which measures price changes for a variety of consumer goods and services — was up 7.1% in November from […]
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‘It could be a blessing and a curse.’ Here are 3 unexpected financial pitfalls unmarried couples need to know
Petri Oeschge | Getty Images SEATTLE — If you’re living together before marriage or committed long-term without plans to tie the knot, you’ll need to prepare for the future — or you may face challenges later, experts say. There are “rising rates of cohabitation,” with many couples skipping marriage because “they don’t see the benefit,” […]
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‘Early filers’ should wait to submit their tax return in 2023, the IRS warns. Here’s why
If you’re eager to file your 2022 tax return in January or early February, the IRS has a warning: You’ll need to wait for “key documents” before filing in 2023. In a release last week, the IRS urged “early filers” to watch for Form 1099-K, which reports income for third-party payment networks such as Venmo […]
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Supreme Court requires 2nd circumstance tough Biden scholar mortgage aid
U.S. President Joe Biden delivers remarks about the university student financial loan forgiveness program from an auditorium on the White Home campus in Washington, October 17, 2022. Leah Millis | Reuters The Supreme Court on Monday agreed to hear arguments in a next case hard the legality of the Biden administration’s formidable pupil loan reduction […]
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Making these 5 money moves now can set you up for financial success in the new year
Cn0ra | Istock | Getty Images The end of the year is an important time for making financial decisions that can have an impact in the year ahead — and for years to come. From your work to your savings and investments to spending and giving back, here are five moves you should consider making […]
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