Sanders Fabares felt that something wasn’t working. Even after years of paying $1,000 a month toward his student loans and his wife’s, their balance hadn’t decreased by much. They still owed around $80,000, down from the $90,000 they’d originally borrowed. “I started trying to understand what we were doing wrong,” Fabares, 41, said. His research
Personal finance
Stimulus checks printed at the Philadelphia Financial Center in Philadelphia. Jeff Fusco | Getty Images As a $1.9 trillion coronavirus relief package comes together on Capitol Hill, millions of additional direct payments to Americans could be in the works. Legislation under discussion includes $1,400 stimulus checks that could bring the total direct payments sent to
President Joe Biden speaks as he meets with Senators from both parties in the White House on Feb. 11, 2021. Doug Mills-Pool/Getty Images More unemployment benefits may be on the way as Democrats and the Biden administration pursue a $1.9 trillion pandemic aid package. The legislation would increase the amount of jobless benefits workers receive
MartinPrescott | E+ | Getty Images Don’t count on having extra time to get your tax return filed this year like you did in 2020. The IRS said Thursday it has no plans to extend the standard filing deadline of April 15. This comes despite the agency delaying the start date for accepting returns to
U.S. Speaker of the House Nancy Pelosi (D-CA) participates in a news conference on the third day of the Senate impeachment trial of former U.S. President Donald Trump in Washington, February 11, 2021. Erin Scott | Reuters House Speaker Nancy Pelosi on Thursday said that a $15 federal minimum wage will be included in the
Patrick Pleul/picture alliance via Getty Images Investors poured record amounts of money last year into funds that aim to help the environment and promote social good, more than doubling the prior’s year’s take. Funds that use so-called ESG principles may, for example, invest in energy firms that aren’t reliant on fossil fuels or in companies
Getting America’s workforce vaccinated will go a long way toward helping the country reach herd immunity. Instacart, Target, Trader Joe’s, McDonald’s and Dollar General are among a growing list of companies giving workers time off and extra money to get vaccinated for Covid-19. Others, including Amazon, Uber and DoorDash, are going a step further by lobbying state officials to secure
Getty Images Many Americans are eager to see more money from the federal government in the form of $1,400 stimulus checks. But another part of Democrats’ $1.9 trillion coronavirus relief package, changes to the child tax credit, could actually give qualifying families more money than the direct payments. “The child tax credit is going to
Kamil Krzaczynski | AFP | Getty Images It’s still a waiting game for the nation’s most vulnerable age group to get a Covid-19 vaccine. About 28% of people age 75 or older have received at least one dose of a vaccine, according to data from the Centers for Disease Control and Prevention. Meanwhile, 22% of
sturti | E+ | Getty Images Democrats are forging ahead with plans to send millions of Americans $1,400 stimulus checks. Their most recent proposal sheds light on just who could be eligible for the money once it’s approved. The House of Representatives unveiled its legislative drafts on Monday. Democrats, under the leadership of President Joe
In celebration of Black History Month, CNBC Invest in You is featuring weekly stories from CNBC contributors and members of the Financial Wellness Council, including the lessons they’ve learned growing up, their advice to Black youth, their inspirations and how they are working to close the racial wealth gap. A reckoning is underway in America.
For many people, remote work is the new normal. But it wasn’t meant to last forever. Now, as more Americans are vaccinated against Covid-19, they may be able to return to the workplace as soon as this spring. Roughly 40% of employers that shifted to remote work at the start of the coronavirus pandemic are
Erin Scott | Reuters President Joe Biden is forging ahead with his plan to provide $1.9 trillion in additional coronavirus pandemic relief. One bit of aid for individuals — $1,400 stimulus checks — could be subject to further negotiation. Meanwhile, another initiative, raising the federal minimum wage to $15 per hour, seems to be off
People press demands to McDonald’s to raise workers wages to a $15 minimum wage, May 23, 2019 in Fort Lauderdale, Florida. Joe Raedle | Getty Images A report released Monday from the nonpartisan Congressional Budget Office concluded that raising the minimum wage to $15 an hour by 2025 could add tens of billions of dollars
Narisara Nami | Moment | Getty Images With health care more critical than ever these days, it should come as no surprise that 2 out of the 3 best jobs in the U.S. are in that field. Like many industries, the health-care sector has been hit by the Covid crisis, with employment down by 542,000
Before the pandemic, volunteers for Creighton University’s VITA program worked closely with clients to file their tax returns for free. Tom Purcell Creighton University’s Volunteer Income Tax Assistance, or VITA, program has a new look this year, thanks to the coronavirus pandemic. Instead of in-person meetings, where people sit face-to-face with students volunteering to help
kate_sept2004 President Joe Biden wants to get more money to certain American families by expanding the child tax credit for one year. For those who are eligible, that would mean extra cash could come their way via a refund check. Now Democrats are planning to propose a bill next week to enact a long-term change
Cars line up to pick up food boxes at the Athens County Fairgrounds in Athens, Ohio on Dec. 19, 2020. BRAD LEE | AFP | Getty Images Long-term unemployment is edging toward a historical peak, almost a year into the pandemic-fueled downturn. Workers are deemed to be “long-term unemployed” when their jobless spell is longer
Dan and Grace Porte lost their jobs at Target when the Covid pandemic began. The couple, in their mid-80s, had used the income to supplement Social Security. Dan and Grace Porte Dan and Grace Porte worked together for decades. In the 1970s, they started a paint and wallpaper business. Then, after the housing bubble burst
Sen. Bernie Sanders, I-Vt., speaks during an event to introduce the Raise The Wage Act at the U.S. Capitol on Jan. 16, 2019. Chip Somodevilla | Getty Images Senate Democrats passed a budget resolution early Friday, the latest step toward approving President Joe Biden’s $1.9 trillion Covid stimulus plan by a simple majority without Republican