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The Social Security Administration’s October announcement about the highest cost-of-living adjustment (COLA) in 40 years — at a 5.9% boost — was still being celebrated when the news was overshadowed by the Bureau of Labor Statistics’ latest Consumer Price Index release, which saw inflation rise 6.2% over the past year. A few days after that, the Centers for Medicare and Medicaid Services announced Medicare Part B payment increases for 2022 — including premiums rising a whopping 15%....

Sotheby’s is auctioning a 101.38-carat diamond, estimated at $10-15 million, and will be accepting Bitcoin and Ether as payment. This transaction represents the highest estimate ever for a physical object offered for purchase with crypto. The payment will be facilitated through Coinbase Commerce, one of the world’s largest cryptocurrency exchanges. By Yaёl Bizouati-Kennedy See: Coinbase Partners with 401(k) Platform ForUsAll To Offer Crypto Options Find: $120K Bananas and $69M Digital Collages: Strange and Expensive Art Sales...

About 26 million federal student loan borrowers have applied for forgiveness under the Biden administration’s debt relief program, the White House announced on Wednesday. When and if those borrowers get their relief remains an open question, however, as the program continues to get tangled up in the courts. By Vance Cariaga According to the White House announcement, 16 million applications will have been approved by the end of this week. Although the U....

President Joe Biden announced his administration’s much-anticipated plan for student loan forgiveness on Aug. 24. But now, a group of senators is urging the administration to revise the forgiveness of Parent PLUS loans to match Pell grants, which get the highest relief under the plan. By Yaёl Bizouati-Kennedy Live Richer Podcast: How To Get Rid of Your Student Loan DebtSocial Security: Women Get $354 Per Month Less Than Men – Here’s Why...

While both Gen Z and millennials have lived through economic recessions in the 21st century, the two generations are less alike financially than you may expect. By Maddie Duley The Future of Finances: Gen Z & How They Relate to MoneyMore: If Your Credit Score Is Under 740, Make These 4 Moves Now A 2019 working paper found that millennials, those born from 1981 to 1996, were severely impacted by the Great Recession....

By Cynthia Measom More From Your Money: Choose a high-interest saving, checking, CD, or investing account from our list of top banks to start saving today. Keurig K-Latte Single Serve K-Cup Coffee and Latte Maker Calling all latte lovers. Get a phenomenal deal on Keurig K-Latte Single Serve K-Cup Coffee and Latte Maker for $57.00 — it regularly sells for $143.95. The unit brews multiple cup sizes and includes a milk frother for making your favorite latte....

One of the questions that many seniors ask themselves is, “Should I retire near my family?” By John Csiszar Retirement at Any Age: Get Retirement Tips That Fit Every Stage of Life Learn: How Long $1 Million in Retirement Will Last in Every State Although the answer may seem obvious if you are close with your family, there are actually a number of pros and cons to consider that can make this a more complicated decision....

By Gabrielle Olya Have a Small Business That You’d Like to See Highlighted? Nominate Them Here In this edition of our Small Business Spotlight series, we’re featuring Dallas-based WCD Enterprises, which represents speakers with influential and transformative messages to awaken possibilities in other people, and inspire business leaders to the highest level of engagement with their employees and customers. Here, we chat with owner Wilene Dunn about the book that inspired her to start her business, how the meeting industry has changed due to the pandemic and why it’s so important for aspiring entrepreneurs to understand their unique strengths....

If living in near-constant agitation wasn’t enough to fray every cryptocurrency holders’ last nerve, the fractious activity in May must have surely done the trick. Fortunately, there is some good news coming for crypto backers, in the form of a tax loophole. By David Nadelle Learn: Here’s How Much Cash You Need Stashed if a National Emergency HappensAlso Find: 15 Cheap, Beautiful Places To Retire The specific categorization of cryptocurrency as “property” instead of “securities” by the IRS will enable digital stockholders to bypass a tax rule that will save them money when filing taxes next year....

The holidays are the season of giving — at least on paper. By Andrew Lisa Take a Look Back: 2022 Year in ReviewAdvice: 3 Easy Tips To Turn Your Credit Woes Into Wows The obvious culprit is the rising prices that have reduced household buying power all year long. “Ordinarily, it’s appropriate to tip your regular service providers such as gardeners, caregivers, hairdressers, garbage collectors and the like,” said Peter Hoopis, a chartered financial consultant and CEO of Peter Hoopis Ventures....

With Black Friday right around the corner, many people are trying to make some extra money for holiday spending right now. In fact, according to one Deloitte survey, lower income Americans are planning to spend 25% more in 2022 than they did last year. By Dawn Allcot See: You Can Get Paid $2,500 for Watching 25 Holiday Movies This SeasonFind: States Whose Economies Are Failing vs. States Whose Economies Are Thriving...

By Cynthia Measom Here It Is: Our 2022 Small Business SpotlightSee: If Your Credit Score Is Under 740, Make These 4 Moves Now Huggies Diapers More From Your Money: Choose a high-interest saving, checking, CD, or investing account from our list of top banks to start saving today. One A Day Women’s Multi-Vitamin Live Updates: November Food Stamps Benefits Baby Wipes “That’s about 4 cents per wipe, which definitely isn’t bad....

Getting your child a debit card is a great way to teach them about money management at a young age, but choosing the best debit card for kids can be an arduous task. There are several key features you may want to consider. Making sure you get low fees and access to parental controls for reloading funds and monitoring spending activity is crucial. By Lydia Kibet Greenlight FamZoo GoHenry Copper BusyKid Jassby Jelli Mazoola Till Chase Alliant Capital One Current When shopping for a card, you have two options: a prepaid debit card or a traditional debit card linked to a checking account....

Most people share certain types of financial fears in common. Some will be able to overcome these fears with support, but others will let fear rule the rest of their lives. Leading a life where financial fears take top priority can keep you trapped in an unhealthy financial mindset. It can even lead to losing money throughout your lifetime. By Heather Taylor Check Out: How Much Americans Have in Their Savings Accounts in 2023See: Protect Your Financial Future With Gold and SilverDiscover: 6 Types of Retirement Income That Aren’t Taxable...

Working outside of the home might not be practical for everyone in need of additional income. A remote job, especially one that’s flexible with its hours, can be an excellent source of cash. By Andrea Norris Job Opportunities Takeaway Thankfully, more and more employers are offering part-time remote job opportunities. Here are six companies that are hiring right now. 6 Part-Time Remote Job Opportunities The following jobs are 100% remote, meaning they all require working online....

Social Security was never meant to replace a worker’s entire paycheck, but for some retirees, it remains the only source of income. With the average retirement benefit at just $1,657 per month as of January 2022, seniors living exclusively on Social Security may only have about $20,000 per year of income. However, there are plenty of retirees who manage to get by just on their Social Security checks. Here are some steps you can take to stretch your Social Security check as far as possible....

It’s a classic image that comes to mind when we think of the holidays: Santa’s workshop, filled with industrious elves, putting all their love and care into making the best gifts possible. Snap back to reality and what do we really think of? Most likely, shopping at a superstore called Target. By Jake Arky Retirement at Any Age: Get Retirement Tips That Fit Every Stage of LifeRead More: 5 Things You Must Do When Your Savings Reach $50,000...

Some taxpayers have been waiting months upon months for their tax refunds. The IRS announced earlier in September that the agency is dealing with a backlog of roughly 8.5 million individual returns, including 2020 returns with errors and amended returns that require corrections or special handling. Refunds typically take 21 days to process, although the IRS said that delays could take 120 days, according to CNET. By Josephine Nesbit See: The IRS ‘Get My Payment’ Tool for Stimulus Payments — What It Is and How to Use It Find: Didn’t Get Your Child Tax Credit?...

As the year ends, the bear market continues to drag on. The current bear market was officially called on June 13, 2022, when the stock market closed more than 20% below its record high that occurred on Jan. 3, 2022. Now, investors are waiting for a bear-market bottom, which Morgan Stanley believes won’t occur until inflation reaches a viable peak and stocks possibly fall further. By Cynthia Measom Wealthy Millennials: Here’s What They’re Investing In Instead of StocksMore: 5 Things You Must Do When Your Savings Reach $50,000...

A pair of Biden administration directives to bolster quantum computing technology in the United States could provide a similar lift to quantum tech stocks connected to companies that do everything from building quantum computers and processors to developing cybersecurity technology. By Vance Cariaga Discover: 22 Side Gigs That Can Make You Richer Than a Full-Time Job More: Rising Gas Prices: The True Cost of Going Electric On May 4, President Joe Biden signed an executive order to place the National Quantum Initiative Advisory Committee directly under White House authority, MarketWatch reported....