The US unemployment system continues to suffer from post-pandemic 3-year delays

People wait in line to attend the job fair at SoFi Stadium on September 9, 2021 in Inglewood, California. Patrick T Fallon | Afp | Getty Images These days, the unemployment system in the United States is somewhat of an anomaly. Nearly three years after the Covid-19 pandemic caused the worst unemployment crisis in the … Read more

What is a rolling recession and are we in it? Expert explanation

By most measures, the US economy is in solid shape. Although the first half of 2022 started with negative growth, a strong labor market and resilient consumerism helped turn things around and give hope for the year ahead. Related investment news Gross domestic product, which measures the overall health of the economy, rose more than … Read more

5 things to know when filing season opens

Damercodec | E + | Getty Images This is an excerpt from the Personal Finance Team’s weekly Twitter space, “This Week, Your Portfolio.” Check out the latest episode hereand continuing every Friday at 11 a.m. ET. Tax season started on January 23rd. The IRS expects taxpayers to file more than 168 million returns, most of … Read more

As recession fears loom, here’s what to do with your money to prepare

A woman shops for chicken at a supermarket in Santa Monica, California, on September 13, 2022. Abu Gomez | AFP | Getty Images For those who fear a recession, the only question is when. In fact, many economists and CEOs expect a recession on the horizon this year Related investment news A recession is traditionally … Read more

Americans lack emergency savings amid ‘dangerous scenario’

Suze Orman speaks during the AOL BUILD Speaker Series at AOL Studios in New York. Jenny Anderson | WireImage | Getty Images An unexpected bill is not convenient at all. But there are more reasons now that an unexpected event–such as a car repair or medical expense–could put Americans on a precarious financial footing. Blame … Read more

What do you know about the Student Loan Forgiveness Program in New York?

Alexandre Spatari | moment | Getty Images With the fate of the Biden administration’s sweeping student loan forgiveness plan uncertain and headed to the Supreme Court, borrowers in New York state may have another option for relief. Introduced in 2015, the Get On Your Feet loan forgiveness program is intended to “invest in recent college … Read more

Common misconceptions about achieving a perfect credit score

Randy has a credit score of 850. According to FICO, the most popular scoring form, this is as good as it gets. However, one line on his credit report said he could lower his utilization rate, so he immediately paid off the remainder of his auto loan in one $6,000 payment, then his score dropped … Read more

High egg prices due to a “collusion scheme” by suppliers, the group claims

Eggs for sale at high prices in New York on January 21, 2023. Fatih Aktas/Anadolu Agency via Getty Images) Egg prices have risen to historically high levels in 2022 — and one group claims the trend is due to something more outrageous than simple economics. Across all whites, consumers saw average prices rise 60% last … Read more

Is mobile banking safe for customers? Precautions explained

Source: Getty Images As the prevalence of cyber security attacks seems to increase every year, it is only natural that consumers wonder about the most secure way to do their banking. If you keep your money in a bank, you are already placing some of your trust in that bank. But is mobile banking secure? … Read more

How to get better at personal finance in 2023 and beyond

The economy is on edge The experts’ best advice for navigating inflation, job uncertainty, and a possible recession in 2023 After a year of ballooning headlines and concerns about a possible recession, improving personal finances is at the top of many New Year’s resolutions lists. Experts warn that achieving stability or improving your financial situation … Read more