Prioritizing retirement savings is a wise decision in the post-pandemic world of job uncertainty, wage growth slump, elevated inflation and living costs alongside the high cost of borrowing. What’s more concerning is that the Social Security benefits could drop in 2033 as fewer employees are left to contribute (via payroll taxes) to the workforce’s future … Read more
Tips for managing student debt for new college graduates Tips for managing student debt for new college graduates 01:29 The White House on Wednesday said it has approved $7.7 billion of student debt cancellation for 160,500 borrowers, part of its ongoing effort to provide relief after the Supreme Court last year blocked President Joe Biden’s plan for … Read more
As a senior manager at a pharmaceutical firm, Angela Bolt’s student loans began at $34,000, but have grown to an overwhelming $528,152 over the years. In a BBC interview, she expressed her disbelief, saying, “The numbers are so real and astronomical that I can’t even fathom making a payment.” As of early 2023, Bolt’s monthly … Read more
Soaring tuition costs in the U.S. aren’t the only obstacle to attending college these days. Many Americans struggle with a more basic task — simply figuring out how much a bachelor’s degree would cost them, A new study from Gallup and the higher-education foundation Lumina shows that a large majority of people remain convinced of the … Read more
By Seung Min Kim and Collin Binkley | Associated Press WASHINGTON — President Joe Biden will announce his latest effort to broaden student loan relief next week for new categories of borrowers, according to three people familiar with the plans, nearly a year after the Supreme Court foiled his administration’s first attempt to cancel debt … Read more
David Ramsey is a bestselling author and radio host works with more than 5,000 professionals to advise his listeners on tax bills, real estate insurance, debt and other finances. Ramsay is also the face of The Ramsay Show, a radio programme and podcast that discusses money management. “I am barely making it,” said 28-year-old Rashina, … Read more
