Specker/vedfelt | Digitalvision | Getty Images Amid the U.S. war with Iran, some young investors have gotten their first taste of market volatility. “An early decline can make the market feel unusually dangerous when volatility is a normal part of long-term investing,” said certified financial planner Douglas Boneparth, president and founder of Bone Fide Wealth, a…
Anchiy | E+ | Getty Images Relying on your parents for money can help you to become independent. But it can also create problems in your relationship if not handled well, experts say. About two-thirds, or 64%, of parents with Gen Z children — those between the ages of 18 and 28 — say their…
Chuck Savage | The Image Bank | Getty Images Read more CNBC personal finance coverage “For young people early in their career, unemployment can be particularly harsh,” said Michele Evermore, a senior fellow at the National Academy of Social Insurance, a nonprofit that focuses on the country’s safety net. “They have had less time to pull…
Senior couple having coffee in front of suburban home Momo Productions | Digitalvision | Getty Images For many couples, money is a source of stress: They might be facing credit card debt or student loans, trying to buy a house, or figuring out child care. Talking about it could help. But people in romantic relationships…
The Labor Department reported on Friday that 92,000 jobs were lost in February, as the unemployment rate rose to 4.4%. The unemployment rate for women held steady at 4.1% for the first two months of the year, according to the latest data from the Bureau of Labor Statistics. Still, the sharp rise in the number of…
In his State of the Union address, President Donald Trump described soon-to-launch Trump accounts as “tax-free investment accounts for every American child.” “This is something that’s so special, has taken off and gone through the roof,” Trump said in the annual speech before Congress. The accounts, created under Trump’s “big beautiful bill,” function largely like a traditional…
Alberto Case | Getty Images Many student loan borrowers who get their debt forgiven in 2026 can expect a hefty tax bill next year. That’s because a law that shielded the relief from taxation at the federal level — part of the American Rescue Plan Act of 2021 — expired in December. Most impacted borrowers will be those who have…
On the heels of a massive publicity push, families have signed up about 3 million kids for Trump accounts, according to the U.S. Department of the Treasury — well ahead of the July launch date. The “free money” is likely a major incentive. The federal government has said it will make a one-time $1,000 contribution…
Soon, parents and guardians can open a Trump account for their children — and a number of large employers are piling on the incentives to get set up. For starters, babies born in 2025 through 2028 may receive a one-time $1,000 contribution from the Department of the Treasury. There are no income requirements, and all U.S. families are…
A massive winter storm is threatening to wreak havoc across the U.S. in the days ahead — and potentially take a financial toll on households in its path. The National Weather Service said Friday that it expects a “significant, long-duration winter storm” to bring heavy snow, sleet and freezing rain to a broad swath of the…
