Personal finance

Westend61 | Westend61 | Getty Images Long-term care expenses are growing, with sizable hikes for home-based services as the industry struggles to meet soaring demand from aging Americans.    That’s according to Genworth’s 2021 Cost of Care Survey, a yearly report covering nationwide senior caregiving. While the median yearly costs rose across all provider types, home-based

Getty Images Just months after a federal $15 minimum wage failed to take shape, Californians may get the chance to vote on even higher minimum hourly pay. A measure to raise the state’s minimum wage to $18 began to collect signatures in February. If the campaign, called the Living Wage Act of 2022, gets 700,000

The U.S. Department of Education in Washington, D.C. Caroline Brehman | CQ-Roll Call, Inc. | Getty Images The U.S. Department of Education has announced it will cancel the student loans of nearly 16,000 borrowers who attended certain for-profit schools, including DeVry University. The relief comes out to $415 million in total. “The Department remains committed

It’s been two months since families with eligible children stopped getting advance child tax credit payments in December. Many of those families are already struggling again to make ends meet. Nearly 60% of parents surveyed by ParentsTogether Action, an advocacy group, said that since the checks stopped, they haven’t been able to afford enough food.

SEC chairman Gary Gensler testifies before a Senate Banking, Housing, and Urban Affairs Committee hearing on Sept. 14, 2021 in Washington. Evelyn Hockstein-Pool/Getty Images The Biden administration is lending a more cautious eye to private equity and other “alternative” investments like hedge funds. The U.S. Securities and Exchange Commission and U.S. Department of Labor have

David Jakle | Image Source | Getty Images If you’re worried about rising interest rates, you may be eyeing high-yield bonds, which typically pay a bigger coupon and may help offset price declines in your bond portfolio. But these assets may also carry more risk, according to financial experts. While market interest rates and bond

Hass avocados are displayed in the produce section at a United Market on Feb. 7, 2022 in San Anselmo, California. Justin Sullivan | Getty Images The Federal Reserve is set to hike interest rates this year for the first time since 2018 to address the worst inflation in 40 years spurred by the coronavirus pandemic.

Andrii Zastrozhnov | iStock | Getty Images If you’re retiring and signing up for Medicare, there’s a chance you’ll be assessed extra monthly charges — at least at first. While most enrollees pay the standard premium amounts for Part B (outpatient care) and Part D (prescription drugs), about 7% of Medicare’s 63.3 million beneficiaries end

SDI Productions | E+ | Getty Images Financial planning — and the financial services industry, more broadly — has long been an arena of predominantly white men. Industry leaders have been working to boost diversity, and while progress has been slow, it seems to be bearing some fruit. Still, 83% of certified financial planners in

Steven Heap/EyeEm/Getty Images If you’re one of the millions of Americans still waiting on your 2020 tax return, you’ll need to take a special step to avoid a rejection for this year’s electronic filing, according to the IRS. When filing digitally, you validate your return with the previous year’s adjusted gross income. Typically, your tax filing

In this article EFX Scyther5 | Getty Images Your ticket to free credit monitoring for four years may be sitting in your inbox. If you signed up for this service a couple of years ago as part of the settlement from the 2017 massive data breach at credit-monitoring firm Equifax, you should have received information

Catherine McQueen | Moment | Getty Images Many Americans enter their retirement years with little or no savings. As a result, most or all of the money they receive comes from their Social Security check. Around 12% of men and 15% of women rely on the benefit for 90% or more of their income, according

Passengers board an Airbus passenger jet operated by Icelandic low-fare carrier Play. Play Startup low-fare Icelandic airline Play announced new transatlantic service out of a third U.S. airport, Stewart International in New Windsor, New York, to begin June 9. (Stewart lies about 65 miles north of New York City.) Play, which launched last July with

It started with Melissa Houston buying small indulgences online — shoes, clothes, handbags. Then, she moved on to major purchases, renovating the family room and putting a swimming pool in the backyard. She says her spending spree spiraled her family’s finances into massive debt — and she hid it from her husband. “I went off

Throughout the pandemic, 529 college savings plans have only gained momentum — even as higher-education enrollment numbers sank. In 2021, the average account size jumped to a record of $30,287, according to the College Savings Plans Network, or CSPN. Total investments in 529s also reached a record $464.3 billion last year, up nearly 10% from 2020. More

Tom Werner | DigitalVision | Getty Images There’s a growing list of essential things for taxpayers to know as the IRS embarks on a challenging season with limited staffing and a backlog from 2021 that’s still millions of returns deep. There were 6 million unprocessed individual returns as of Dec. 31, according to the IRS,

Taiwanese ethnicity man looking at the home budget and sorting out bills using his laptop in his cozy living room SrdjanPav | E+ | Getty Images Americans are feeling the impact of surging inflation, which doesn’t appear to be easing up anytime soon. For many, that means it’s a good time to revise the family

Algerina Perna | Baltimore Sun | MCT | Getty Images If you plan to drop money on a Super Bowl bet this weekend, remember that the IRS will want a piece of your winnings. Americans are expected to wager $7.61 billion on Sunday night’s matchup between the Los Angeles Rams and Cincinnati Bengals in Los

Primary co-founders and co-CEOs Cristina Carbonell and Galyn Bernard shifted the online children’s clothing retailer to a four-day workweek during the pandemic and have no plans to go back to the longer week. Courtesy: Primary Millions of Americans are quitting their jobs and rethinking what they want when it comes to work and work-life balance.

Your grocery bill has likely been going up. That’s because food prices are rising steeply, with the latest data from the U.S. Bureau of Labor Statistics showing a 7.4% increase between January 2021 and January 2022. The cost of bacon has swelled by 18%, and peanut butter, 15%. It’s unclear when the uptick will relent.