For all its hardships, the pandemic has been helpful for a lot of savers, particularly workers who were lucky enough to weather Covid without losing income. Overall, the personal savings rate continues to be historically high, according to the Bureau of Economic Analysis, and credit card debt has decreased more than 15% since the pandemic started, according to the Federal Reserve Bank of New York.
15 million student-loan borrowers would be completely debt-free if Biden fulfilled his campaign promise
Going even further, under Sen. Elizabeth Warren's proposal to cancel $50,000, 36 million borrowers would have their debts completely wiped out.
Earning extra money on the side can be easy when you know what types of opportunities to look for. Whether you want to pay off student loan debt, start saving for a big-ticket purchase or build up a fund for the future, finding one of the best side jobs out there is a great way to reach your goal.
In 2016, Mompreneur Latasha Peterson started her Arts and Budgets blog. She was pregnant with her first child and decided to pick up an online side-hustle to give her the flexibility to be home with her child. A year later, Peterson turned her blog into a business. Earlier this year,...
In the last column we set out the first of five NERDWALLET tips on how to avoid impulse buying during the upcoming holidays (actually anytime). The tip was to wait 24 to 48 hours before buying something you know that you don’t need. Here are four more tips:. -- If...
Sylvester Turner is the mayor of Houston, Texas and president of the African American Mayors Association. The opinions expressed in this commentary are his own. Earlier this month, the Department of Education announced major fixes to a well-intentioned yet broken program that was designed to help millions of teachers, police officers, military personnel and other public service workers alleviate student loan debt.
My long-time boyfriend and I are both in our mid-20s. He’s supporting his parents financially while living with them and working two jobs. He pays for 85% to 100% of their rent (which is pretty pricey), and for food, utilities and other costs. He also has student debt. He makes...
Briahna Joy Gray, former national press secretary for the 2020 presidential campaign of Sen. Bernie Sanders ’ (I-Vt.) argued that President Biden may face the grim reality of losing the Democratic majority in Congress in next year’s midterm elections if he fails to deliver on progressive priorities. Gray, during a...
President Joe Biden disappoints liberal activists and his wife as congressional Democrats will dismiss a program giving two years of free community college to fitting students. While Biden, White House aides, and Capitol Hill Democrats take away their original $3.5 trillion social welfare and climate spending package and try to...
According to research published by CNBC, 75% of Americans don't know how to properly manage their finances. Also, 57% of Americans are financially illiterate. The majority don't know how to save, invest, or manage their money efficiently. And as a result, they make a lot of stupid mistakes that could have easily been avoided with a bit of financial education.
What you need to know about sharing your wealth
Outstanding consumer debt in the U.S. is currently around $14.88 trillion, representing an average individual debt of nearly $93,000. While older generations hold a bulk of this debt, the youngest adults in the country are quickly accumulating debt of their own. Gen Zers, who range from ages 18 to 23,...
The Signal recently spoke with Greg Casar, a progressive Austin city councilman considering a run for Congress in Texas’ 35th congressional district. A former labor organizer with the Workers Defense Project and the youngest person ever elected to Austin City Council, Casar has marked his three terms in office by expanding local labor laws and abortion access, raising the minimum wage of City of Austin employees to $15 an hour, and being a staunch ally to undocumented immigrants.
Harris-Stowe State University, one of the two Historically Black Colleges and Universities in Missouri, has joined other HBCUs nationwide in using federal pandemic relief funds to cancel student debt. Dr. LaTonia Collins Smith, Harris-Stowe's interim president, said the pandemic created an "insurmountable burden" of student debt that led to low...
Growing up, my parents taught me as much about finances as they could, including how to save money, what it meant to have and maintain a credit score, how and why to schedule payments, and everything in between. Throughout my adulthood, the information came in handy, especially when I met my partner and eventually moved in with him. And while I plan on doing everything with him, one thing I never plan on doing is getting a joint account.
Millennials are the next baby boomers: a group of people so economically valuable that advertisers drop their existing methods to cater to them. Per the U.S. Census Bureau, as of 2019, millennials only accounted for 25%-27% of the total population, which surpassed the baby boomers (those born between 1946 and 1964) population in numbers. With an estimated U.S. population of 86-88 million, the millennials represent a substantial amount of spending money.