Latest Personal finance News

Wearing masks amid concerns of the spread of COVID-19, volunteers Karen Cooperstein, right, and Edwin Chinchilla, left, prepare food for the pubic during a drive through food pantry distribution by Catholic Charities in Dallas, Thursday, July 2, 2020. (AP Photo/LM Otero)

US unemployment falls to 11%, but new shutdowns are underway

Jul. 2, 2020 4:28 PM EDT

WASHINGTON (AP) — U.S. unemployment fell to 11.1% in June as the economy added a solid 4.8 million jobs, the government reported Thursday. But the job-market recovery may already be faltering because of a new round of closings and layoffs triggered by a resurgence of the coronavirus. While the jobless rate...

FILE - This May 22, 2020 file photo shows a sold sign in front of a house in Brighton, N.Y. Long-term U.S. mortgage rates fell this week with the benchmark 30-year home loan hitting its lowest level ever. Mortgage buyer Freddie Mac reported Thursday, July 2 that the average rate on the key 30-year fixed-rate mortgage fell to 3.07%, down from last week’s 3.13%. (AP Photo/Ted Shaffrey, File)

US long-term mortgage rates hit all-time low again

Jul. 2, 2020 11:00 AM EDT

SILVER SPRING, Md. (AP) — Long-term U.S. mortgage rates fell this week with the benchmark 30-year home loan hitting its lowest level ever. Mortgage buyer Freddie Mac reported Thursday that the average rate on the key 30-year fixed-rate mortgage fell to 3.07%, down from last week's 3.13%. For the second...

FILE - In this May 20, 2020 file photo a runner passes through an arch on the campus of Boston University, in Boston. COVID-19 has disrupted the plans of an estimated 3 million returning college students. Due to the pandemic’s financial and psychological stressors, some students are debating whether they should sit out this fall. While taking time out from school during the pandemic might seem like a safe choice, it could have lasting consequences.  (AP Photo/Steven Senne, File)

Why Missing College This Fall Is a Bad Idea

Jul. 2, 2020 8:16 AM EDT

As colleges figure out how to structure classes this fall, many students are questioning whether to enroll at all. The idea of taking a gap year might sound enticing, but returning students should think twice. Many colleges have official gap year or deferred enrollment policies for incoming freshmen. But...

FILE - In this Feb. 7, 2020 file photo, 21 Savage attends the Tom Ford show during NYFW Fall/Winter in Los Angeles. The rapper will be launching a free online financial literacy education program for youth sheltered at home during the coronavirus pandemic. The Grammy winner announced his new Bank Account At Home nationwide initiative on Wednesday. His efforts will include a partnership with Atlanta mayor Keisha Lance Bottoms to provide free Wi-Fi and tablets for underserved inner-city students. (Photo by Jordan Strauss/Invision/AP)

21 Savage launches free online financial program for youth

Jul. 1, 2020 3:33 PM EDT

LOS ANGELES (AP) — Rapper 21 Savage will be launching a free online financial literacy education program for youth sheltered at home during the coronavirus pandemic. The Grammy winner announced his new Bank Account At Home nationwide initiative on Wednesday. His efforts will include a partnership with...

6 Do’s and Don’ts When Saving Money During a Crisis

Jul. 1, 2020 12:07 PM EDT

Probably the last thing you want to think about during a crisis is working on healthy financial habits like saving money. But if you’re able to save, you can make your eventual recovery easier. “Every time you put some (money) away, you’re looking out for your future self,” says...

The Supreme Court is seen in Washington, early Monday, June 15, 2020. (AP Photo/J. Scott Applewhite)

Supreme Court lifts ban on state aid to religious schooling

Jun. 30, 2020 1:11 PM EDT

WASHINGTON (AP) — States can't cut religious schools out of programs that send public money to private education, a divided Supreme Court ruled Tuesday. By a 5-4 vote with the conservatives in the majority, the justices upheld a Montana scholarship program that allows state tax credits for private...

Alif Baqytali plays on a tricycle at his home in Shonzhy, Kazakhstan on Saturday, June 13, 2020. Baqytali's mother, Gulnar Omirzakh, a Chinese-born ethnic Kazakh, says she was forced to get an intrauterine contraceptive device, and that authorities threatened to detain her if she didn't pay a large fine for giving birth to Alif, her third child. (AP Photo/Mukhit Toktassyn)

China cuts Uighur births with IUDs, abortion, sterilization

Jun. 29, 2020 11:52 PM EDT

The Chinese government is taking draconian measures to slash birth rates among Uighurs and other minorities as part of a sweeping campaign to curb its Muslim population, even as it encourages some of the country’s Han majority to have more children. While individual women have spoken out before about...

FILE - This undated file photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website NerdWallet.com. When stock markets are rattled by news events, it’s unsettling for any investor — but especially so for those who are retired (or nearly there). The first thing anyone with an investment portfolio should do is make sure it’s properly balanced, taking both income needs and risk tolerance into account. (NerdWallet via AP, File)

Liz Weston: Some taxpayers face a desperate wait for refunds

Jun. 29, 2020 6:44 AM EDT

As a 58-year-old woman on disability, Robin Short of Wallingford, Connecticut, relies on her tax refund to catch up on bills. She filed her return electronically in February, opting for direct deposit so she could get her $773 refund quickly. She’s still waiting, as are millions of others. The IRS is...

In this photo taken Saturday, June 20, 2020, Rebecca Nakamanya works at a restaurant near a bus terminal in capital Kampala, Uganda. The COVID-19 pandemic means that millions of women in Africa and other developing regions could lose years of success in contributing to household incomes, asserting their independence and expanding financial inclusion. (AP Photo/Ronald Kabuubi)

Women 'on precipice' in developing countries amid COVID-19

Jun. 28, 2020 4:51 AM EDT

KAMPALA, Uganda (AP) — Rebecca Nakamanya rolls her eyes, dismissing a question about school fees. What really worries her is how to feed three children and a jobless partner on a daily wage of less than $3, minus transport to and from her job as a cook. “We have not even started thinking about...

Healthcare professional Kenzie Anderson takes a sample from a patient at a United Memorial Medical Center COVID-19 testing site Friday, June 26, 2020, in Houston. The number of COVID-19 cases continues to rise across the state. Texas Gov. Greg Abbott has said that the state is facing a

Q&A: Overturning 'Obamacare' during a pandemic

Jun. 26, 2020 11:59 PM EDT

WASHINGTON (AP) — The decade-old health care law that has divided Americans even as it expanded coverage and protected people with preexisting conditions is being put to yet another test. Amid a pandemic, President Donald Trump and some red states want the Supreme Court to declare the Affordable Care Act...