Personal Finance

About nine in 10 employers offer dependent care FSAs, according to benefits administrator Alight Solutions. (It ran numbers based on its portfolio of 250 mid-size and large employers.) About 3 percent of eligible employees use them, with average annual contributions of $3,500, said Nicole Wruck, Alight’s national health practice leader. (Midway through open enrollment this
0 Comments
The second-most common reason given is debt consolidation (23 percent), followed by other (16 percent), moving (9.1 percent) and medical (7.8 percent). Total household debt reached $12.84 trillion as of June 30, according to data from the Federal Reserve of New York. That’s $164 billion higher than the peak of $12.68 trillion in the third
0 Comments
It’s open enrollment season, which for many workers, might not mean much. That’s a costly misconception. About half of employees don’t understand their benefits materials, according to a report by the International Foundation of Employee Benefit Plans. As a result, most workers just stick with what they’ve previously picked — 92 percent of workers last
0 Comments
Getty Images Flanked by Speaker of the House Paul Ryan and House Ways and Means Committee chairman Rep. Kevin Brady (R-TX), President Donald Trump speaks about tax reform legislation in the Cabinet Room at the White House, November 2, 2017 in Washington, DC. Under the current system, a single filer can take a standard deduction
0 Comments
John Giustina | Getty Images A couple fishing in Vancouver, Washington. Not all seniors dream of kicking back in sunny destinations. Ideal retirement spots are a lot more diverse than you may realize, according to a recent study by Livability.com. The company analyzed U.S. cities on characteristics of livability that its research has shown to
0 Comments
Saul Loeb | AFP | Getty Images Jerome Powell listens as US President Donald Trump announces Powell as nominee for Chairman of the Federal Reserve in the Rose Garden of the White House in Washington, DC, November 2, 2017. “I wouldn’t expect any material deviation of that path,” said Jonathan Wright, an economics professor at
0 Comments
The scariest thing about Halloween may be the unintentional expenses. Between costumes, decorations and, of course, candy, the average American will be shelling out $169.81, according to a recent poll by LendEDU. Costume purchases made up almost half of that, with partygoers spending just over $70 on their disguises, LendEDU said. More than $60 will
0 Comments
If you’ve recently graduated and skated through the summer without too much thought about your student loan debt, the jig is up. Seven in 10 seniors graduate with debt, owing over $34,000, on average, according to a recent report by Experian. However, the majority of borrowers, 56 percent, don’t know the interest rate on their
0 Comments