As Republicans propose to raise the Social Security retirement age, here’s how benefits may change

[ad_1] South_agency | E+ | Getty Images House Republicans unveiled a plan this week that calls for raising the Social Security retirement age. Meanwhile, Democrats and advocates for the program are ramping up their calls to tax the rich to enhance benefits. “On the right, there is a line in the sand against tax increases,” … Read more

Student loan forgiveness may come for 380,000 borrowers, Biden says. How to know if you qualify

[ad_1] Female firefighter putting on her protective equipment inside the fire station in response to an emergency Trevor Williams | Digitalvision | Getty Images The Biden administration’s latest student loan forgiveness announcement contained good news for more people than the 77,700 borrowers eligible for this round of aid. Starting next week, the administration said, President … Read more

Op-ed: Establish routines that support financial goals. Doing so can help you build wealth

[ad_1] Fatcamera | E+ | Getty Images We’ve all been told that following a routine is important in many aspects of life — for physical fitness, good eating habits, solid work patterns and so on. But many experts are telling us that establishing a routine is also necessary for successful investing and building wealth. At … Read more

Auto prices are cooling, but ‘we’re never going back to the old normal,’ expert says. Here’s what car shoppers can expect

[ad_1] Maskot | Maskot | Getty Images After a year full of supply shortages and climbing borrowing costs, 2024 is shaping up to be a better time to buy a car. The average transaction price for a new car in the U.S. last month was $47,244, down 2.2% from February 2023. That’s also down 5.4% … Read more

Education Department accused of ‘malicious negligence’ amid FAFSA issues

[ad_1] As problems with the new Free Application for Federal Student Aid persist into the spring, harsh words are being directed at the U.S. Department of Education. Former top student loan official Wayne Johnson accused the Education Department of “malicious negligence” in a recent letter written to U.S. Secretary of Education Miguel Cardona and other senior officials … Read more

Women with student loan debt face ‘multiple financial pressures,’ expert says. These tips may help with repayment

[ad_1] 10’000 Hours | Getty Images Nearly two-thirds of the country’s outstanding student debt is held by women. Women graduate college owing $2,700 more, on average, than their male counterparts, according to the American Association of University Women. Among undergraduate students in bachelor’s degree programs in 2019-2020, 54% of men graduated with student loans, compared to … Read more