Personal finance

Photo by Mike Kline (notkalvin) | Moment | Getty Images A package of social reforms Democrats are hashing out on Capitol Hill would pump federal money into the U.S. childcare system, with the aim of improving pay for workers and making care more accessible and affordable for all Americans. While the program is poised to

Getty Images Taxes are often a concern for employees with stock options, which is the right to buy company stock at a specific price for a set period. However, if someone earned less in 2021 or expects to make more in 2022, they may consider ways to accelerate stock-based income before year-end. For example, someone

In this article DOGE.CM= Jay Clayton speaking at the 2019 Delivering Alpha conference in New York. Adam Jeffery | CNBC Social media frenzies have encouraged retail investors to jump into meme stocks and certain cryptocurrencies, pushing up prices beyond fundamental values. The influence is likely to stay, according to former Securities and Exchange chairman Jay

d3sign | Moment | Getty Images Democrats on Capitol Hill are reducing the total price tag for their social spending plan as they work to get it across the finish line in the coming days. One casualty is the duration of paid family leave. President Joe Biden had proposed federal 12-week paid family and medical

U.S. Senate Finance Committee Chairman Ron Wyden, D-Ore., questions IRS Commissioner Charles P. Rettig at a June 8, 2021 Senate Finance Committee hearing. Tom Williams | Pool | Reuters As Democrats inch closer to finalizing their social spending package, Senate Democrats are eyeing a tax on billionaires amid pushback on income and corporate levy hikes.

Getty Images Millions of American families with children have received four monthly payments through the new enhanced child tax credit. But for families who still need to sign up for the benefit but haven’t, time is ticking. That’s because after December, families will have to file a tax return and wait to get the entire

The value of Bitcoin (BTC) has exceeded the threshold of 66,895 dollars for the first time in his history. Chesnot | Getty Images This week marked a milestone for cryptocurrency as investors started trading the first U.S. bitcoin futures exchange-traded fund, exceeding other ETF launches, and another followed Friday.  These funds invest in bitcoin futures

The pause on federal student loan repayments ends in January. And, on Feb. 1, interest will start to accrue again. Those monthly repayments may come as a shock for many Americans, including older borrowers. While more than one-third of student loan borrowers are in their 20s and 30s, about 7% of those with student debt

Dorie Clark, author of “The Long Game: How to Be a Long-Term Thinker in a Short-Term World.” We spend our days replying to emails, going to meetings, checking off to-do lists and, as our careers zip by, sometimes we wonder if we picked the right profession, or if our lives wouldn’t have been better spent

As employers reimagine the workplace post-Covid, a four-day work week may become a new perk. Last month, technology company Bolt became one of the latest companies to jump on board. Earlier this year, New York-based crowdfunding platform Kickstarter announced it would pilot a four-day workweek. There’s a campaign now underway from 4 Day Week Global

XiFotos | E+ | Getty Images After the Social Security Administration announced a record-high cost-of-living adjustment for 2022, many beneficiaries are asking, “How much bigger will my monthly checks be?” People who receive Social Security or Supplemental Security Income, or SSI, benefits will get a 5.9% boost to their payments next year. That is that

In this article TREE Why pay now when you can pay later? Whether it’s holiday gifts or groceries, it’s easier than ever to postpone payments on purchases. “Buy now, pay later,” or BNPL, lets shoppers break their purchases into equal installment payments, often interest-free, which can make even the biggest-ticket items seem affordable and the

Getty Images The enhanced child tax credit has sent monthly checks to millions of American families since July. Now, it’s one of the programs on the chopping block as Democrats slim down President Joe Biden’s Build Back Better agenda. Lawmakers are proposing to extend the benefit for only one year. Previously, the Biden Administration proposed

House Speaker Nancy Pelosi, D-Calif., speaks outside of the U.S. Capitol on Oct. 20, 2021. Mandel Ngan | AFP | Getty Images As Democrats wrestle over their spending package, key lawmakers are still fighting to change the $10,000 cap on the federal deduction for state and local taxes. The measure, known as SALT, is a

Experts are sounding the alarm about inflation, and that has Americans worried about their retirement. Billionaire hedge fund manager Paul Tudor Jones told CNBC Wednesday that inflation poses a major threat to the U.S. economy and markets. His comments echo those of others who have also recently voiced concern. Earlier this month, Jeremy Siegel, finance

In this article AMZN Karl Tapales | Moment | Getty Images Con artists pretending to be Amazon employees scammed Americans out of $27 million from July 2020 through June 2021, the Federal Trade Commission said Wednesday. These fraudsters were part of a “business impersonator” scam. Criminals pose as someone the consumer trusts — in this

Bitcoin on display. Chesnot | Getty Images Investors who are bullish on cryptocurrencies are betting more on the digital assets than stocks. In September, crypto investors put an average of $263 into accounts dedicated to coins, more than the average $250 they put in traditional brokerages during the month, according to a recent survey from

In this article COIN Coinbase signage in New York’s Times Square during the company’s initial public offering on the Nasdaq on April 14, 2021. Robert Nickelsberg | Getty Images Investing consistently in cryptocurrency just got a lot easier. In September, Coinbase announced that its users will soon be able to set up direct deposit with

Justin Sullivan | Getty Images You may want to get used to higher prices at the pump, at least for now. As of Monday, the average cost of a gallon of gas was $3.30, up 7.5 cents from a month ago and $1.08 higher than a year ago, according to fuel savings app GasBuddy. By

VALERIE MACON | AFP | Getty Images When the Covid-19 pandemic prompted a dramatic drop in wages, that also sparked concerns that one particular cohort would see lower Social Security benefits as a result. Those concerns, however, have abated, according to new data from the Social Security Administration. The reason comes down to the national