Personal finance
Consumers are cutting back on holiday gift buying amid higher inflation
Inflation is weighing heavily on the holidays this year. Roughly half of shoppers will buy fewer things due to higher prices, and more than one-third said they will rely on coupons to cut down on the cost, according to a recent survey of more than 1,000 adults by RetailMeNot. Though the study found many consumers […]
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Powerball drawing held for record $2.04 billion jackpot after delay of hours
Powerball sign and lottery tickets are seen at a 7-Eleven store in Milpitas, California, on Nov. 7, 2022. Tayfun Coskun | Anadolu Agency | Getty Images The drawing for a record Powerball jackpot topping $2.04 billion was held Tuesday morning after a delay because of issues with just one state processing ticket sales. The headline […]
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Auto loan delinquencies rise as loan-accommodation programs end
With inflation cutting into the budgets of Americans, a growing percentage of people with auto loans are struggling to make their monthly payments. TransUnion, which tracks more than 81 million auto loans in the U.S., said Tuesday the percentage of loans that are at least 60 days delinquent hit 1.65% in the third quarter, the […]
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The Powerball jackpot is $1.9 billion only if you take the annuity. Here’s why the lump sum may be overrated
It’s hard to imagine what it would be like to win Powerball’s 1.9 billion prize. But the reality almost always falls far short of the fantasy. “The curse of the lottery losers is very real,” said Andrew Stoltmann, a Chicago-based lawyer who has represented several recent lottery winners. One of the very first decisions a […]
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The $1.9 billion Powerball jackpot — the largest ever — is up for grabs. Here’s the tax bill if there’s a winner
Mark Ralston | Afp | Getty Images Whoever is the next jackpot winner in Powerball will be looking at the largest lottery prize ever awarded. The tax bill will also be pretty impressive. After no one hit all six numbers drawn Saturday, the Powerball jackpot headed higher. For Monday night’s drawing, it’s now an estimated […]
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6 health insurance terms you need to know as open enrollment begins
Halfpoint Images | Moment | Getty Images It’s open enrollment season, the time each year when millions of American workers and retirees must choose a health plan, whether new or existing. But picking health insurance can be a dizzying venture. Health plans have many moving parts — which may not come into focus at first […]
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5 key personal finance issues this midterm election season — and what they mean for your wallet
As Americans head to the polls, several key personal finance issues are weighing on voters’ minds and wallets. This week, the Federal Reserve enacted its fourth consecutive 0.75 percentage point interest rate increase to fight inflation, triggering further stock market losses. Meanwhile, recession fears are growing, with 84% of Americans worrying how a prolonged economic […]
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Supreme Courtroom again declines to block Biden’s pupil financial loan aid plan
Supreme Courtroom nominee and U.S. Courtroom of Appeals Choose Amy Coney Barrett on Capitol Hill in Washington, Oct 21, 2020. Ken Cedeno | Reuters The Supreme Courtroom on Friday rejected a second request to block the Biden administration’s college student loan debt relief method. Justice Amy Coney Barrett denied an unexpected emergency application to block […]
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Powerball’s jackpot is $1.6 billion, the largest U.S. lottery prize ever. If you win, here’s how much would go to taxes
Jonathan Alcorn | Reuters If you manage to beat the odds stacked against hitting the Powerball jackpot, don’t forget you’ll have a silent partner in the win: the taxman. The jackpot for Saturday night’s drawing is now the largest U.S. lottery ever at an estimated $1.6 billion — pretax — if you were to opt […]
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Op-ed: High-net-worth investors can amplify their charitable impact with a ‘recoverable grant’
Miniseries | E+ | Getty Images Anyone watching the markets this year knows that it’s been a bumpy ride. But investors and the corporate sector aren’t the only ones feeling the pinch as financial markets have fallen sharply. With an estimated 33% of all charitable giving taking place in November and December, non-profit organizations will […]
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