The burden of childcare falls disproportionately on women, despite advancements in education and increasing representation in senior leadership positions. Studies show that women are more likely than men to take time off work or reduce their hours due to caregiving responsibilities. Additionally, some women may opt for lower-paying jobs with greater flexibility to accommodate their
Personal
As the burden of student loan debt continues to affect millions of Americans, particularly older adults, concerns are growing over the potential reduction in Social Security benefits for those in default. Democratic lawmakers, Sen. Elizabeth Warren and Sen. Ron Wyden, have raised alarm bells over the financial repercussions faced by elderly individuals who rely on
As the Biden administration continues to make changes to the student loan forgiveness program, a key deadline has been set for borrowers looking to benefit from these updates. Student loan borrowers with multiple federal loans have until April 30 to request consolidation, which will result in having one larger loan. By taking advantage of this
Breaking up in old age can be costly, especially for women, as the rate of “gray divorce” has been on the rise. According to a 2022 study, the rate of divorce among individuals aged 50 and older doubled from 1990 to 2019, with a threefold increase for adults over age 65. The study highlighted an
The job market can be a daunting place, with challenges like “ghost” jobs often standing in the way of job seekers. These phantom job listings can be misleading, with some jobs not even existing or being posted for an extended period without any activity. However, there are strategies that job seekers can implement to navigate
When it comes to personal finance, establishing a routine is key to successful investing and building wealth. Experts emphasize the significance of following daily habits that support financial goals. It’s not just about how much you earn, but also about how and when you save. Developing consistent patterns in saving and tracking finances can lead
The issues surrounding the new Free Application for Federal Student Aid are causing a stir in the academic world, with accusations of negligence being hurled at the U.S. Department of Education. Former top student loan official Wayne Johnson did not mince words in his scathing indictment of the Education Department, labeling their actions as “malicious
The Biden administration recently made a significant announcement regarding student loan forgiveness, revealing plans to forgive $5.8 billion in student debt for 77,700 borrowers through the Public Service Loan Forgiveness program. This move signifies a step towards providing financial relief to public service workers burdened by student loan debt. Additionally, President Joe Biden is set
The anticipation of a recession in 2023, which ultimately did not materialize, has spurred optimism regarding the Federal Reserve’s ability to curb inflation and steer the economy towards a “soft landing”. However, despite this positive outlook, concerns remain about the persistently high inflation levels that could lead to a “deferred landing” scenario, as noted by
Recently, the Biden administration has been making waves by forgiving student debt for select groups of qualifying borrowers. This has led to almost 3.9 million individuals having their loans cancelled, amounting to a staggering $138 billion in relief. However, for those who have not yet qualified for this aid, the question remains – when will
