Sporrer/Rupp | Image Source | Getty Images Millions of Social Security beneficiaries have now received their first benefit checks for 2025. The new 2.5% cost-of-living adjustment — which adds $50 per month to retirement benefits on average — marks the lowest increase since 2021, when inflation spiked shortly thereafter. With prices still high, many beneficiaries […]
Cofotoisme | E+ | Getty Images How long it takes you to save for a 20% down payment on a home depends in part on where you live. In a pricey area such as New York City, it could take the typical buyer roughly 10.85 years to save $173,000, which is 20% of the median […]
Djelics | E+ | Getty Images Retirees can expect to see some big changes in 2025 when it comes to their Social Security and Medicare benefits. President Joe Biden is expected to sign a bill that will increase Social Security benefits for certain pensioners. Additionally, the annual Social Security cost-of-living adjustment goes into effect for […]
Hill Street Studios | Getty Images Keith Harris, a 17-year-old high school senior at KIPP DC College Preparatoryhas studied accounting, investing and budgeting, among other basic lessons, like his English, history and math curriculum. Harris is enrolled in his high school’s NAF Academy of Businessa rigorous three-year finance program with a work-based learning component. Because […]
Mementojpeg | Moment | Getty Images Borrowers should ‘not let it get this far’ Borrowers should receive numerous notices from their student loan servicers before they go into delinquency or default, said higher education expert Mark Kantrowitz. Usually, your payment has to be around 90 days late for it to be reported to the credit […]
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