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News Articles: Your Money

Student loan borrowers gather outside the Supreme Court building in February 2023. The court's ruling on President Biden's debt relief plan is expected in June or July.

Tagged as: 

  • Education

Is the debt deal changing student loan repayment? Here's what you need to know

If it passes, the proposed debt deal would set the date for federal student loan repayments to resume. The pause's end will affect some 43 million borrowers, but, in effect, it's not a big change.

May 31, 2023
|
By:
  • Emily Olson
President Biden meets with House Speaker Kevin McCarthy, R-Calif., in the Oval Office of the White House on Monday. The U.S. can seem like the country that cried debt ceiling, but many say this year, the country might actually default. What happens to the economy and to regular people if it defaults?

Tagged as: 

  • Economy

So would a U.S. default really be that bad? Yes — And here's why

As the debt ceiling debate comes down to the wire, here is a look at some of the potential consequences if the U.S. defaults on its debt for the first time in history.

May 25, 2023
|
By:
  • Stacey Vanek Smith
Preschool teacher Jaqueline Benitez depends on California's Supplemental Nutrition Assistance Program (SNAP) to help pay for food. If the debt ceiling isn't raised, SNAP and other federal payments would be delayed. (AP Photo/Allison Dinner)

Tagged as: 

  • Business

3 ways to protect your money if the U.S. defaults on its debt

From social security payments to interest rates, a lot hinges on a debt-ceiling deal. Personal finance experts say you should prepare for a possible debt default as you would a recession.

May 25, 2023
|
By:
  • Arezou Rezvani
Yazmin Lopez, here at home in Madison, Wis., first learned about credit scores from a personal finance book she picked up at Goodwill a few years after coming to the U.S. as a teenager.

Tagged as: 

  • Business

Welcome to America! Now learn to be in debt

The U.S. economy counts on you to borrow money and stay in debt for a credit score. But what if you were taught to never owe anybody anything?

May 24, 2023
|
By:
  • Alina Selyukh and
  • Tirzah Christopher
Here, the Internal Revenue Service building in Washington, on March 22, 2013. IRS Commissioner Danny Werfel acknowledged that Black taxpayers may be audited at higher rates than non-Black taxpayers.

Tagged as: 

  • Business

IRS chief says agency is 'deeply concerned' by higher audit rates for Black taxpayers

Findings from an internal investigation come after researchers said the IRS was at least three times more likely to audit Black taxpayers than other racial groups.

May 16, 2023
|
By:
  • Jonathan Franklin

Tagged as: 

  • Your Money

The case for financial literacy education

Financial literacy programs have been called useless in the past. But a new study suggests that's due to the way the subject is taught, rather than the subject itself.

May 16, 2023
|
By:
  • Paddy Hirsch
A man enters the New York Stock Exchange on Wall Street in New York City on Friday.

Tagged as: 

  • Business

What the debt ceiling standoff could mean for your retirement plans

Biden has warned that defaulting on the national debt "would devastate retirement accounts," among other things. The head of advice methodology at Vanguard wants people to remember the bigger picture.

May 15, 2023
|
By:
  • Rachel Treisman
GPB News NPR

Tagged as: 

  • Your Money

How a default on the debt ceiling would affect the average American

NPR's Ayesha Rascoe asks Samantha Sanders of the Economic Policy Institute how not raising the debt ceiling would affect the average American.

May 14, 2023
|
By:
  • Ayesha Rascoe
Jonnie Lewis-Thorpe, now 83, (right) lives with her daughter Angela Reynolds. She has Alzheimer's and lost her home due to symptoms of the disease.

Tagged as: 

  • Health

As some families learn the hard way, dementia can take a toll on financial health

Reckless behavior with money can be a warning sign of cognitive decline — and the condition can put people at risk of financial ruin. There are few institutional safeguards in place.

May 12, 2023
|
By:
  • Sarah Boden
Doctors' offices often offer special medical credit cards as a solution to paying off large medical bills. But patients may end up paying far more for their bills when they have to pay interest down the road.

Tagged as: 

  • Health

Biden administration warns consumers to avoid medical credit cards

Americans paid an estimated $1 billion in interest on medical debt in just three years, a federal agency finds. This includes use of credit cards often pitched in doctors' and dentists' offices.

May 04, 2023
|
By:
  • Noam Levey
Cook employees Ryan and Shelby Bixler stand in front of the house they're buying from the company. They say they never could have afforded a new place like this at the full market price.

Tagged as: 

  • National

Would you live next to co-workers for the right price? This company is betting yes

Businesses like Cook Medical in Indiana say the housing shortage makes it harder to recruit and keep middle-income workers. Now, more companies are building places for employees to rent or even buy.

May 02, 2023
|
By:
  • Jennifer Ludden and
  • Marisa Peñaloza
Research over the decades has consistently shown that women face a weight bias in the workplace that's proving hard to reverse.

Tagged as: 

  • Economy

The weight bias against women in the workforce is real — and it's only getting worse

Study after study shows women seen as overweight or obese often earn less at the workplace, an unfair bias that's been hard to reverse. However, men don't seem to face that penalty.

April 30, 2023
|
By:
  • Pallavi Gogoi

Tagged as: 

  • Law

Grandma didn't pay taxes. Now her house is focus of property rights test case

At issue in the case before the Supreme Court is the way at least a dozen states handle the sale of homes to pay off overdue taxes.

April 26, 2023
|
By:
  • Nina Totenberg
Berna Anat, author, podcaster, and financial hype woman.

Tagged as: 

  • Your Money

Meet the 'financial hype woman' who wants you to talk about money

Her description of the world of money is "hella male, hella pale and hella stale."

April 25, 2023
|
By:
  • Manuela López Restrepo
The tax free bagel from H&H Bagels injects the cream cheese inside of the bagel to avoid New York's 8% Sandwich Tax

Tagged as: 

  • Business

Behold the tax free bagel: A New York classic gets a tax day makeover

The so-called sandwich tax is a charge on prepared foods in some states, like California, New York, and Massachusetts. But one iconic New York dish found a loophole

April 19, 2023
|
By:
  • Stacey Vanek Smith
  • Load More

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