New data reveals the Australian jobs in which workers received the biggest wage jumps in 2023. The Wage Price Index (WPI) measures changes in the prices of labour, unaffected by compositional shifts in the labour force, hours worked or employee characteristics. The new data was updated on Wednesday to include information from December last year. … Read more
Eclipse_images | E+ | Getty Images Many near retirees expect Social Security to be their largest source of income when they stop working. Yet, those who are on the brink of their so-called golden years fall short when it comes to knowledge about the program’s rules and what they can personally expect, according to a … Read more
 Sturti | E+ | Getty Images The cost of housing is generally expensive across the board for Americans, whether you’re a renter or an aspiring homeowner. While both home prices and rent have outpaced wage growth in most areas, renting can be the smarter financial choice in many markets, said Susan M. Wachter, a … Read more
How the FAFSA’s grandparent ‘loophole’ works The simplified FAFSA form now uses a new calculation called the “Student Aid Index” to estimate how much a family can afford to pay. Previously, many factors went into how much aid students receive, including the total number of people in the household and the number of children in … Read more
President Joe Biden takes questions from reporters, after he delivered remarks in the State Dining Room, at the White House on November 09, 2022 in Washington, DC. Samuel Corum | Getty Images The Biden administration said Wednesday it would forgive $1.2 billion in student debt for nearly 153,000 borrowers enrolled its new repayment program, called … Read more
With consumer prices still rising due to higher inflation, there is one way to save money that you may be overlooking: raising your credit score. Increasing your score from fair (580 to 669) to very good (740 to 799) may help you save $22,263 over the life of your credit and loans, according to a … Read more
 Klaus Vedfelt | Digitalvision | Getty Images ‘The Roth IRA is an incredible savings vehicle’ Roth individual retirement accounts require investors to pay taxes on the contributions they make now, rather than when they take withdrawals in their retirement years. That trade-off means after-tax dollars grow tax-free for decades. A Roth can be a … Read more
Talking to a child about money may sound unnecessary, or even daunting. But kids can typically grasp concepts about money as early as age 6, experts say, and research shows that they form permanent money habits as early as age 7. Learning how to manage money and plan for their financial future can help ensure their … Read more
Taking a financial education class in high school does pay off. In fact, there is a lifetime benefit of roughly $100,000 per student from completing a one-semester course in personal finance, according to a recent report by consulting firm Tyton Partners and Next Gen Personal Finance, a nonprofit focused on providing financial education to middle and … Read more
For Shalonda Lucas, living somewhere affordable hasn’t meant giving up the perks of a lively city. The 39-year-old recruiter lives in Surprise, Arizona, which was named the second-best place in the U.S. for renters to get the most out of their income by a recent RentCafe study. “I just love this area so much,” Lucas … Read more
