Personal finance

Ariel Skelley | DigitalVision | Getty Images Municipal bonds, also known as muni bonds, have become a popular option for investors seeking security and tax-free portfolio income. However, these assets may also trigger a costly surprise for retirees.  Demand surged in 2021 amid President Joe Biden‘s proposed tax increases, with a record $96.8 billion of net money
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sturti The Covid-19 pandemic has made it difficult for people to answer big questions about their futures, and many financial planners are underestimating the financial anxiety that is causing, according to a survey. A majority of financial planning clients — 71% — report experiencing financial anxiety at least half of the time, according to researchers
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A flag at a 7-Eleven gas station in Lawrenceville, New Jersey, advertises a Cash2Bitcoin ATM in March of 2021. Suzanne Barlyn | Reuters The stereotypical cryptocurrency owner is a high-earning white male. However, research finds that other demographics — particularly minorities — are also turning to bitcoin and other cryptocurrencies. A recent survey conducted by
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Liu Jie/Xinhua via Getty Images States can forgo clawing back pandemic-era unemployment benefits in a broader set of circumstances than previously allowed, the U.S. Department of Labor said Monday. In the early days of the Covid-19 pandemic, states implemented new federal benefit programs created by the CARES Act to support the jobless. That quick turnaround,
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Signage outside the Internal Revenue Service (IRS) headquarters in Washington, D.C. Bloomberg | Bloomberg | Getty Images The IRS on Monday announced it will stop using a controversial third-party service for facial recognition to verify identity for online accounts. The move comes amid bipartisan backlash over the collection of biometric data through video selfies for
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Klaus Vedfelt | DigitalVision | Getty Images The wealth gap between Black and white Americans has been persistent. That gap, of course, reveals the effects of accumulated inequality and discrimination. Despite certain gains in income and wealth for Black families in America, white families often have a net worth up to 10 times higher. Discriminatory
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Muhammad Yungai’s ‘We Shall Always March Ahead’ mural is displayed on the side of Privado Grooming Barbershop in Atlanta’s Vine City neighborhood. Raymond Boyd | Michael Ochs Archives | Getty Images Legendary civil rights activist Dr. Martin Luther King, Jr., grew up and preached in the Old Fourth Ward of Atlanta. Soon, that neighborhood will
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PeopleImages | E+ | Getty Images Millions of Americans are quitting their jobs and rethinking what they want when it comes to work and work-life balance. Companies are responding, meeting their employees’ needs in areas like remote work, flexible hours, four-day workweeks, compensation and more. This story is part of a series looking at the
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A job seeker receives information from a recruiter during a job fair in Miami on Dec. 16, 2021. Eva Marie Uzcategui/Bloomberg via Getty Images Long-term unemployment fell significantly in January, continuing a downward trajectory from its pandemic-era peak after having plateaued in recent months. The number of Americans out of work for at least six
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