Laylabird | E+ | Getty Images Breaking up in old age can be costly, especially for women. The rate of “gray divorce” — a term that describes divorce at age 50 and older — doubled from 1990 to 2019, according to a 2022 study published in The Journals of Gerontology. It tripled for adults over … Read more
Americans in their 30s have another 30 or so years before they reach retirement age, but they may not be saving enough to retire comfortably. On average, Americans believe they’ll need nearly $1.3 million to retire comfortably, according to Northwestern Mutual’s 2023 Planning and Progress study. However, the amount Americans in their 30s currently have … Read more
Andrew was watching Sunrise in January 2023 when he saw a news segment about junk insurance. The 47-year-old never usually watches morning TV but this particular morning it was on — probably thanks to one of his children. After watching a segment on the show, the vice principal in Perth realised he may be eligible … Read more
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,” said … Read more
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 Joe … Read more
How real estate commissions could change In real estate transactions, the commission is split between the seller’s and buyer’s agents. This fee is set and paid out by the seller from the proceeds of the sale, although sellers often aren’t aware of how much they are paying since it’s baked into the sale price. Within … Read more
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 March 7 letter written to U.S. Secretary of Education Miguel Cardona and other senior officials … Read more
Maskot | Maskot | Getty Images After a year 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. in February was $47,244, down 2.2% from February 2023. That’s also down 5.4% from the … Read more
U.S. President Joe Biden announces a preliminary agreement with Intel for a major CHIPS and Science Act award, during a visit to the Intel Ocotillo Campus, in Chandler, Arizona, U.S., March 20, 2024. Kevin Lamarque | Reuters The Biden administration announced Thursday it would forgive $5.8 billion in student debt for 77,700 borrowers through the … Read more
A landmark class-action lawsuit may change the way Americans buy and sell homes. The National Association of Realtors agreed to a $418 million settlement last week in an antitrust lawsuit where a federal jury found the organization and several large real-estate brokerages had conspired to artificially inflate agent commissions on the sale and purchase of … Read more
