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With That $1,400 Stimulus Check, People Weigh ‘Revenge Spending' to Saving and Investing
If you are now $1,400 richer, consider this an investment opportunity.
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IMF Warns That Debt Overhang and Financial Vulnerabilities Pose Double Threat to Economic Recovery
The IMF is praising the U.S. for extraordinary stimulus but is warning that these measures can cause longer-term damage to worldwide economies.
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Biden Consumer Watchdog Seeks Delay of Trump-Era Debt Collection Rules
The Consumer Financial Protection Bureau is proposing a 60-day delay to two debt-collection rules set to take effect in November.
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Consumer Protection Agency Cracks Down on Mortgage Servicers That Don't Assist Struggling Homeowners
The CFPB expects mortgage servicers to offer homeowners options before foreclosing on them. Here’s what it means for you.
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1 in 10 People Fall Victim to Gift Card Scams, AARP Says
Americans have lost about $245 million to gift card scams since 2018, according to the Federal Trade Commission. The typical person lost $840.
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While Financial Literacy Lessons Can Be Learned, Some Money Habits May Be in Your Genes
While a formal financial education is important, experts say some habits may be genetic and people need tools to help them manage their money.
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More Financial Education Would Have Helped People Better Manage Their Money in the Pandemic
Having more personal finance education in school would have helped people better manage their finances during the pandemic, a study finds.
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Teaching Personal Finance to Kids Can Help to Close the Black Wealth Gap
Fewer Black and Hispanic students than whites are required to take a personal finance course to graduate high school, research shows.
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Taxpayers Are Leaving $1.3 Billion in Tax Refunds on the Table. Time Is Running Out to Claim Them
More than 1.3 million Americans are owed a tax refund from the IRS for 2017. They’ll have to file a return quickly if they want the money.
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Giving Kids an Early Financial Education Pays Off in the Future
Teach kids about money and they’re more likely to go to college, graduate with less debt and have better credit as adults.
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The Pandemic Has Upended Personal Finance Education in Schools
Personal finance education in middle and high schools has been disrupted by Covid just as it’s crucially important
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Biden Asks Education Secretary to See If He Can Legally Cancel Student Debt
President Biden has asked Education Secretary Miguel Cardona to prepare a memo on the president’s legal authority to cancel up to $50,000 in student debt.
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Moving? Here's How Much You Need to Earn to Afford a House
With housing prices on the rise, here’s a look at country’s most and least affordable cities to buy a home.
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Biden to Lay Out Infrastructure Plans as Part of Massive Economic Proposal
Biden’s infrastructure speech will set the stage for another major legislative battle, after the $1.9 trillion Covid relief bill was passed earlier in March.
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More Than 1 Million Student Loan Borrowers in Default Are Now Eligible for Pause on Payments and Collections
A subset of student loan borrowers who were ineligible for the current payment pause and interest waiver will now be covered.
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CDC Will Extend National Eviction Ban Through June 30
The CDC will keep its national moratorium on evictions in effect through June. The protection was slated to lapse in just days.
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China's Government Bonds Are in a ‘Sweet Spot' After Sell Off, Says Portfolio Manager
Chinese government bonds offer higher yields and much lower volatility compared to U.S. Treasurys, said Wilfred Wee, portfolio manager at Ninety One.
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Rents Have Dropped in Many U.S. Cities Amid the Pandemic. Here's Why Mine Won't Go Back Up
Rents in many cities could fly back up when the pandemic peters out. That is unless they’re one of the growing units covered by rent regulated laws.
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Why Some Student Loan Borrowers Could Face a Higher Tax Bill This Year
Most student loan borrowers haven’t made a payment on their debt in over a year. As a result, they’ll miss out on this tax break.
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New Signs Show That China Is Cracking Down on Debt Again
A first-quarter survey by the China Beige Book found that borrowing by state-owned enterprises dropped to the lowest in the study’s roughly 10-year history.