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d3sign | Moment | Getty Images Would-be travelers looking to fly this fall may want to book their plane trips now, with travel app Hopper reporting that airfares are dropping this month from peak summertime prices. “September and early October will be the cheapest times to travel, while August and early September will be the…
Insta_photos | Istock | Getty Images Many Americans are pessimistic about the future of Social Security, and the pandemic has made it even worse. A recent survey found 59% of people now worry more about Social Security running out of funding than they did before the onset of Covid-19, according to Nationwide Retirement Institute. And…
In this article LC Inflation has been causing economic hardship for workers across all income levels. As of June, 61% of Americans — roughly 157 million adults — lived paycheck to paycheck, according to a new LendingClub report. That’s up from 58% who reported living paycheck to paycheck in May. A year ago, the number…
Designer491 | Istock | Getty Images The U.S. Department of Education is expected to lose close to $200 billion from federal student loans made over the last 25 years, due in part to pandemic-era relief pausing the bills for borrowers. Originally, the Education Department estimated these loans would generate around $114 billion in income; they…
A customer shops in a Kroger grocery store on July 15, 2022 in Houston. Brandon Bell | Getty Images As experts debate whether the U.S. is on the brink of an economic downturn, many Americans are already bracing themselves for a recession. To that point, 66% of Americans worry that a major recession is right…
Nirunya Juntoomma | Istock | Getty Images It’s no secret that households with sufficient emergency savings are more the exception than the norm. Two proposals in the Senate aim to change that. And, experts say, tackling the problem could lend itself to workers saving more for their golden years. “One of the best ways to…
Getting a job after graduation isn’t a given. While the labor market is strong and college grads are still more employable — and earn more — than their high-school counterparts, the choice of major, and degree, goes a long way toward determining how hirable you will be. A bachelor’s degree in mathematics gives students the…
. Mike Segar | Reuters Sure, someone may beat the odds and land the $1.28 billion Mega Millions jackpot that’s up for grabs in Friday night’s drawing. To be clear: The chance of a ticket matching all six numbers drawn is roughly 1 in 302.5 million. Nevertheless, in between daydreaming about how you would spend…
FatCamera | E+ | Getty Images As individuals and families grapple with surging prices, there’s one category that has a history of rising faster than inflation: prescription drugs. Now, the new Senate reconciliation bill put forward by Senate Majority Leader Chuck Schumer, D-N.Y., and Sen. Joe Manchin, D-W.Va., aims to help give Americans relief from…
Getty Images Finding extra cash to set aside can be tough amid the record high prices prompted by historically high inflation. But the Federal Reserve’s announcement on Wednesday that it will again hike interest rates by 0.75 percentage point will mean savers can get better a better return on the money they sock away. The…
A record number of workers have quit their jobs, looked for new ones and renegotiated along the way. But with all the opportunities the current labor market offers, there are challenges, too — especially when it comes to standing out in a sea of job applicants. About one in five workers, or 22%, said they…
JGI/Jamie Grill | Tetra images | Getty Images As the U.S. economy shrinks for a second straight quarter — one definition of a recession — many Americans aren’t prepared for an economic downturn. However, financial advisors say there’s plenty that is in your control. Fewer than half of Americans feel “financially secure enough” for another…