Seniors are losing out on Medicare savings during open enrollment, data shows
The Medicare and Medicare Advantage open enrollment period ends on Dec. 7, but many seniors haven't reviewed their health coverage. Even fewer decided to actually change plans, according to a new survey.
Black Friday shopping declines as Cyber Monday expected to be top spending holiday of 2021
This holiday shopping season, consumers are ditching short-term Black Friday deals in favor of a more long-term online shopping strategy, according to a new report.
Fed prepared to raise interest rates if inflation continues to surge
The Fed could be looking at a rate hike sooner than expected if inflation continues to surge. The latest FOMC meeting minutes indicate that Fed members are discussing the possibility of raising rates.
Holiday shoppers plan to spend nearly $1,000 this year, survey finds: 3 tips to avoid overspending
Consumers plan to spend $998 this holiday shopping season, according to a National Retail Federation (NRF) survey. Here's how you can overcome higher prices amid shipping delays and labor shortages to take advantage of holiday sales.
Democrats push Biden to cancel student loans after House passes Build Back Better
Progressive lawmakers are calling on President Biden to cancel student loan debt as some Americans have qualified for forgiveness under borrower defense, total and permanent disability (TPD) discharges and a limited PSLF waiver.
Expanded child tax credit would permanently reduce child poverty, CBPP finds
Build Back Better would make the Child Tax Credit permanently available to low-income families. But the trillion-dollar spending plan faces hurdles in Congress before it can be signed into law.
Biden's Build Back Better bill: Half of voters support plan but many fear inflation will worsen, poll shows
Nearly 50% of voters support Biden's Build Back Better plan, a new poll showed. But many are also worried it could worsen inflation rates. Here's what that means for interest rates.
Getting life insurance while you're young and healthy can save you thousands
The longer you wait to lock in a life insurance premium, the higher your monthly rate will be. Find out how taking out life insurance while you're young and healthy can save you thousands of dollars.
College costs have risen at nearly 5x the rate of inflation, report finds
The average cost of tuition, fees and other expenses at higher education institutions are rising at a much faster rate than inflation, according to a recent study.
Department of Labor raises federal contract workers’ minimum wage to $15 an hour
The U.S. Department of Labor announced on Monday an increase of the federal minimum wage to $15 an hour for federal contractors, giving a pay bump to hundreds of thousands of workers.
Build Back Better expands EV tax credit with $12.5K incentive on American-made electric cars
The Biden administration's trillion-dollar spending plan offers enhanced incentives for EV buyers who purchase a car through a domestic automaker.
The risks of using buy now, pay later to finance holiday shopping on Black Friday
Buy now, pay later apps let you break up larger purchases into a short-term repayment schedule. But there are a few things you should know before you use them to finance holiday shopping.
Social Security 2022 benefits payment schedule – when to expect your checks
Social Security released its 2022 calendar showing the dates of benefit payments for the year.
Social Security payment increases may be offset by these 5 expenses
Those receiving Social Security benefits could struggle to meet basic needs in the year ahead. Here are the top five expenses they could struggle with.
Social Security benefits see highest boost in 40 years, but inflation is higher
Social Security benefits will increase at their highest rate in 40 years, but the latest inflation numbers are even higher. Next year's increase may not be enough for seniors living on Social Security income.
This Social Security statement change could simplify your retirement planning
The Social Security Administration will be sending out newly redesigned statements that helps Americans better understand and maximize their benefits.
How to decide if you need flood insurance for your home
Do you own or rent a home in an area with elevated flood risk? Here's how to decide if you need to take out a separate flood policy.
Student loan forgiveness memo: Expert says Biden has authority to cancel student debt
The White House recently released a memo about canceling debt for federal student borrowers, but the text was heavily redacted. Here's what one expert thinks that means.
Holiday shoppers plan to spend more money in 2021 after 2 years of decline, TransUnion finds
Many consumers are planning on spending more money this holiday shopping season amid supply chain issues. Here's how consumer behavior may change the way you finance holiday expenses.
Stimulus check for Social Security recipients? Why a senior citizens group says it's urgent
The Senior Citizens League sent a letter to Congress, urging it to issue a fourth stimulus check of $1,400 to Social Security beneficiaries.