Biden administration to make sweeping changes to student loan system

Biden administration to make sweeping changes to student loan system

The US Department of Education in Washington, DC Caroline Brehman | CQ-Roll Call, Inc. | Getty Images The Biden administration announced on Wednesday that it was moving to make sweeping changes to the federal student loan system, including making it easier for public servants to get forgiveness debt and setting new limits on the accrual … Read more

5 things to know before the stock market opens Wednesday, July 6

5 things to know before the stock market opens Wednesday, July 6

Traders on the floor of the NYSE, June 27, 2022. Source: NYSE Here are the most important news items that investors need to start their trading day: 1. Stocks in a holding pattern US stock futures were essentially flat across the board Wednesday morning, following a late rally the day before. While the Dow finished … Read more

Latest news on Russia and the war in Ukraine

Latest news on Russia and the war in Ukraine

The battle for Sloviansk is fast approaching, UK says A market in Sloviansk was struck on July 5, 2022, following a suspected missile attack during the Russian invasion of Ukraine. Miguel Medina | AFP | Getty Images Britain’s Ministry of Defense said a battle for the major city of Sloviansk on the front line in … Read more

recession risks, housing downturn after third rate hike

recession risks, housing downturn after third rate hike

The negative impact of interest rate rises on Australian housing prices, household spending and the volume of dwelling investments may hurt consumer confidence and fuel the likelihood of a recession in Australia, analysts and economists say. The Reserve Bank of Australia raised interest rates for the third time in a row on Tuesday. Joining central … Read more

These states poised to pass personal finance education laws this year

These states poised to pass personal finance education laws this year

Lee Jimenez, a teacher at Indian Hill Elementary School in Cincinnati, Ohio, discusses credit cards and methods of payments with his 3rd grade class using online financial education curriculum SmartPath. SMARTPATH There’s momentum for personal finance education becoming law in many states across the country. Nearly half the states already mandate such instruction, and more … Read more

The best books to read to get smarter about your money

The best books to read to get smarter about your money

There are thousands of resources online to learn about personal finance, a staggering amount of financial information, from free courses offered by colleges and education platforms to TikTok influencers and expert newsletters. This can make it hard to identify the best sources on budgeting, saving and investing, but the earlier in life an individual begins … Read more

88% of adults support mandating personal finance education

88% of adults support mandating personal finance education

Most adults in the US support guaranteed access to personal finance education for high school students. Eighty-eight percent of adults surveyed by the National Endowment for Financial Education said their state should require either a semester or year long personal finance course for graduation. The survey of 1,030 adults was conducted in March. More from … Read more

How does inflation impact your savings? The “rule of 72” may help

How does inflation impact your savings?  The “rule of 72” may help

Catherine Mcqueen | Moment | Getty Images Inflation is eroding the value of consumers’ savings at the fastest pace in four decades. The Consumer Price Index, which gauges how quickly costs are rising for a basket of goods and services, jumped 8.6% in May from a year earlier, the US Department of Labor said Friday. … Read more

What you can do to prepare your finances for a recession

What you can do to prepare your finances for a recession

Jamie Grill | Getty Images All the talk about a looming recession you may have worried about your finances. You aren’t alone: ​​Some 74% of US consumers are concerned about a recession, according to a new survey from Empower and Personal Capital. In addition, 85% are worried about inflation and 56% are already seeing their … Read more

Germany’s much-vaunted trade surplus disappears as import prices surge

Germany’s much-vaunted trade surplus disappears as import prices surge

Germany trade entered negative territory in May, raising questions about the stability of its economy in the wake of Russia’s invasion of Ukraine. Picture Alliance | Picture Alliance | Getty Images Germany is no longer exporting more than it buys from other countries, highlighting the strains that the nation and other European energy are facing … Read more