Buy Now Pay Later (BNPL) service Afterpay has announced changes to its Terms of Service. Under the new terms, select customers will now have the option to delay their first payment. All customers will now be able to choose a day of the week to pay their instalment, rather than having the day of purchase … Read more
Queensland households will score a $1000 energy bill discount under a $2.5 billion government spending splash on cost-of-living relief. Premier Steven Miles announced the major cash injection on Thursday as rising power prices bear down on Queenslanders. “I said we would use the budget to deliver cost-of-living relief but I’ve decided it’s too urgent to … Read more
Ascentxmedia | E+ | Getty Images Many people claim Social Security retirement benefits at the earliest possible claiming age of 62. But that decision prompts their monthly benefits to be reduced for the rest of their lives. Working with a financial advisor should help encourage prospective beneficiaries to understand the value of delaying their benefit … Read more
A general view of the atmosphere during The Art Institute of Atlanta commencement ceremony at Riverside EpiCenter on June 17, 2022 in Austell, Georgia. Marcus Ingram | Getty Images The Biden administration on Wednesday announced that it would forgive more than $6.1 billion in student debt for 317,000 former students of The Art Institutes, the … Read more
Calls to boost Jobseeker and youth allowance payments have been hosed down by Treasurer Jim Chalmers, who says he will look at other ways to help struggling Australians as he prepares his third budget. A dozen top economists have joined a growing chorus of voices in the community sector, academia and elsewhere urging the government … Read more
Australians’ superannuation savings are falling short of retirement expectations, new research has highlighted. And nearly one in two Australians do not know how much they pay in superannuation fees, according to research from superannuation and investments company Vanguard. WATCH THE VIDEO ABOVE: Aussie super savings falling short. Newsletters: Breaking news as it happens. Subscribe now … Read more
Jitalia17 | E+ | Getty Images Series I bonds will pay 4.28% annual interest from May 1 through October 2024, the U.S. Department of the Treasury announced Tuesday. Linked to inflation, the latest I bond rate is down from the 5.27% annual rate offered since November and slightly lower than the 4.3% rate from May … Read more
Millennials may have ditched their “broke generation” stereotype. Household wealth among Americans under age 40 — which includes most millennials, who are currently ages 28 to 43, and some Gen Zers, who are currently in their teens and up to age 27 — grew by a whopping 49% between 2019 and 2023, according to a … Read more
Over time, higher costs and sluggish wage growth have left more Americans financially vulnerable, with many known as “ALICEs.” Nearly 40 million families, or 29% of the population, fall in the category of ALICE — Asset Limited, Income Constrained, Employed — according to United Way’s United for ALICE program, which first coined the term to refer … Read more
Johner Images | Johner Images Royalty-free | Getty Images A new U.S. Labor Department rule will significantly change the advice many investors receive about rolling money over from 401(k) plans to individual retirement accounts, legal experts say. The so-called “fiduciary” rule, issued April 23, aims to raise the legal bar for brokers, financial advisors, insurance … Read more
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