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Gen Z is growing up, graduating and starting careers amid the pandemic, which has had profound effects on the labor market and the economy at large. As a result, Gen Z is now facing some major financial hurdles unique to this generation. By Jaime Catmull Find Out: Best States for Eviction AssistanceMore: 7 Best Side Gigs To Earn an Extra $1,000 a Month “Gen Z has been hit harder by the financial effects of the COVID-19 pandemic than older generations,” said Andrew Latham, managing editor of SuperMoney....

A 2021 report by Goldman Sachs found that “due to complex historical factors and ongoing discrimination, Black Americans — and especially Black women — remain heavily disadvantaged across a broad range of economic measures, including wealth, earnings and health. The median Black household owns nearly 90% less wealth than the median white household, and the gap is even slightly larger for single Black women relative to single white men.” The report found that this is largely due to the gap in earnings, with the hourly earnings gap of Black women standing at 15% relative to white women and 35% relative to white men....

Payment apps make it easy to make purchases, send money to friends and family, pay rent or split expenses like restaurant bills and tips with a group. And because these apps make sending money so seamless, many people seem to prefer digital payments to more traditional methods. By Scott Jeffries Cash App Google Pay PayPal Western Union Xoom Zelle Venmo Pros and Cons How To Choose Venmo may be one of the most popular peer-to-peer payment platforms, but it isn’t the only option....

When you think of warm-weather cities that are great to live in, your mind likely goes to such places as Miami or Los Angeles. While it’s true you can typically bank on great weather in those cities, they are decidedly not the most affordable places for warm-weather lovers to go. By Jordan Rosenfeld Holiday Spending: Get Top Holiday Shopping and Savings TipsTake a Look Back: 2022 Year in Review If winter is not your jam, and you’re living on a budget, you’re going to want to look to spots less traveled, many of which happen to be in the South....

As you age, it’s generally a good idea to start slowly reducing the risk in your portfolio. When you are young, not only do you have a rising income stream coming from your job, you have plenty of time to recover from any bear markets. But, if you’re at the end of your career or perhaps even retired, your income likely won’t be increasing anymore, and you will have little to no time to bounce back from any sell-offs....

The 2021 job market brought a lot of change. The rate of employees quitting reached an all-time high of 2.9 percent in August equalling 4.3 million resignations. Quitting was especially rampant in the food industry, totaling about 157,000 employees. By Sam DiSalvo Find Out: How To Write a Good Resume With No ExperienceJobs: 20 Jobs Where You Can Make $60,000 Out of College More From Your Money: Choose a high-interest saving, checking, CD, or investing account from our list of top banks to start saving today....

Most, if not all, stores are open and operating as normal after the initial shutdowns of the COVID-19 pandemic, and for those who are still reluctant to shop in person, the online capabilities at most retailers have improved dramatically. The shopping season looks to be in good shape, with the average American expected to spend about $1,500 on Christmas experiences, gifts and non-gift purchases. By Taylor DeJesus See: 5 Things You Must Do When Your Savings Reach $50,000...

Looking for a cheap getaway this fall? Some cruise lines offer rates as low as $26 per day to fill ships over the coming months. By Josephine Nesbit Learn: Considering a Cruise Ship Retirement? Here’s What You Need To Know FirstFind: This Credit Score Mistake Could Be Costing Millions of Americans The Carnival Cruise Line offers some four-night fall sailings for just $26 per day and one three-night sailing is priced at $99 for the entire voyage, according to The Points Guy....

The Walt Disney Company is expanding its real state portfolio, announcing plans to develop residential “Storyliving” communities across the U.S. By Josephine Nesbit See: How Much Is Disney Worth?Find: Is Disney Stock a Good Buy Right Now? “These master-planned communities are intended to inspire residents to foster new friendships, pursue their interests and write the next exciting chapter in their lives — all while enjoying the attention to detail, unique amenities and special touches that are Disney hallmarks,” the company said in a statement on Feb....

As gas prices hit record highs across the U.S. — with the GasBuddy app showing prices of $5.15, on the low end, in places like Bakersfield, California — drivers with electric vehicles may be feeling smug despite the ongoing economic turmoil. By Dawn Allcot See: Looking To Sidestep Gas Prices? Expect Long Delays for New Electric Vehicles (If You Can Find Them At All) Find: 5 Electric Car Stocks to Watch (Besides Tesla and Apple)...

Exchange-traded funds are an increasingly popular investment option because of their low costs, flexibility and tax advantages. They also give you exposure to the stock market without having to pick the stocks yourself, making them similar to index funds. By Kyle O'Dell What an Index Fund Is What an ETF Is Similarities Differences Dividends Fees and Expenses What To Consider First But there are also important differences. One way the two differ is that while investors can trade ETFs throughout the day, you can only trade index funds at the price set after market closing....

A false report in the U.S. version of The Sun claimed a $7,000 stimulus from the IRS would be hitting accounts this week on August 19. These reports are not true, and similar reports have been fabricated from other websites as well. By Georgina Tzanetos State Stimulus: States Give Out Thousands of Bonus $1,000 Checks – Will You Get One?Missing Money: Haven’t Received Your Third Stimulus Check? Call the IRS Phone Number and Tell Them...

Planning for the future isn’t easy, no matter how you slice it. Planning for a future that doesn’t have you in it, however, is about as tough as it gets. It can be unpleasant to think about our own mortality but ironically, the healthiest families among us force themselves to do just that. By Kelli Francis What It Is Who Needs One Cost How To Establish a Family Trust When you put a legally binding estate plan in place during your lifetime, you take the ultimate step toward protecting your family....

Happy Star Wars Day, everyone! If you don’t know why today is the informal celebration of all things ‘Star Wars,’ well … May the Fourth be with you. May you also enjoy this roundup of the top financial stories of the day. By Gary Dudak The Big Lead: Employees Hate Emails As work evolves, it seems that mundane tasks and added responsibilities are the most frustrating aspects of modern jobs, according to a new study....

The Chase Ultimate Rewards portal is the method Chase credit card holders can use to redeem rewards points and cash earned with Chase’s rewards credit cards, including the top-rated Chase Freedom Unlimited and Chase Sapphire Preferred, which both give 5x bonus points when you book travel through the Chase Ultimate Rewards portal. By Dawn Allcot About the Travel Portal Rewards Cards Booking Travel Transfer Points But you can increase the point value of your Chase Ultimate Rewards by booking travel through the Chase Ultimate Rewards Travel Portal with certain cards and also by transferring points to Chase’s participating airline and hotel partners....

It’s tax season again. You’ve gathered your W-2s, 1099’s and other pertinent information, completed your tax return and filed it. If you’re owed a refund, now all you have to do is wait. By Cynthia Measom It can be difficult waiting and wondering just how long it will take to get your tax refund, though. According to the IRS, more than nine out of 10 tax refunds are issued in less than three weeks....

Planning for retirement without knowing what the future of Social Security might look like in five, 20 or 50 years is no easy feat. But how is the average American grappling with this uncertainty? By Maddie Duley Retirement at Any Age: Get Top Retirement Tips for Every Stage of LifeFind Out: 7 Surprisingly Easy Ways To Reach Your Retirement Goals 23% of Americans Are Not Counting on Social Security To Fund Their Retirement When it comes to using Social Security to fund retirement, nearly one-quarter (23%) of Americans say they are not counting on it to pay for their retirement....

Using a credit card without knowing how to read your credit card statement is a bit like going to the doctor and not receiving any documentation about your treatment. You might have some idea of what is going on, but without something to reference later, the details can quickly become fuzzy. By Bob Haegele Learn: Surprising Things You Can Buy With Food StampsRead: 9 Bills You Should Never Put on Autopay...

In spite of the average price for a used car dipping slightly in February — the first time since September 2020, according to the Manheim Used Vehicle Value Index — experts are saying new car prices could continue to climb due to rising prices of nickel and palladium. By Dawn Allcot See: Used Car Prices Could Exceed 30K This YearFind: Extra Car Costs You’re Probably Forgetting About On March 8, the price of nickel spiked so fast, it prompted the London Metal Exchange (LME) to stop trading the commodity to minimize the losses of short sellers and attempt to stabilize the market....

The Biden administration announced last week that the nationwide ban on evictions has been extended by one more month to continue to help tenants unable to make rent payments as a result of the coronavirus pandemic. By Georgina Tzanetos See: Many States Have Given Out Less Than 5% in Rental Assistance as Eviction Ban Expiration Draws NearFind: Numerous Programs Offer Rental Assistance — Here’s How To Get It The Centers for Disease Control and Prevention director Dr....