The recent study published in the Proceedings of the National Academy of Sciences sheds light on the disparities faced by mothers in the workforce. Despite the increasing levels of education and representation of women in senior leadership positions, mothers bear the brunt of the costs when it comes to balancing work and caretaking responsibilities. Research
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Recently, Democratic lawmakers, including Sen. Elizabeth Warren and Sen. Ron Wyden, raised concerns about the potential reduction in Social Security benefits for millions of older adults who are behind on their student loans. According to the lawmakers, when borrowers are in collections, their Social Security benefits could be reduced by an average of $2,500 annually.
The Biden administration has set a crucial deadline for student loan borrowers looking for forgiveness. By consolidating multiple federal student loans by April 30, borrowers can simplify their loans into one larger loan, which could make them eligible for the U.S. Department of Education’s revamped income-driven repayment plans. These changes have resulted in over 930,000
Breaking up in old age can be quite costly, especially for women. According to a recent study published in The Journals of Gerontology, the rate of “gray divorce,” referring to divorce at age 50 and above, has significantly increased. The study found that the rate of gray divorce doubled from 1990 to 2019, and even
During a job search, individuals often encounter obstacles such as the notorious “ghost” jobs. These ghost jobs can be misleading listings for positions that either do not actually exist or have been posted for so long that it seems improbable that the job is still available. However, career experts suggest that there are strategies for
Establishing a routine is not only crucial for physical fitness, good eating habits, and work patterns, but also for successful investing and building wealth. Experts emphasize the importance of consistent financial behaviors in order to reach financial independence. Those who have managed to accumulate wealth often have well-defined patterns that help them save, invest, and
As issues continue to plague the rollout of the new Free Application for Federal Student Aid (FAFSA), harsh criticism is being directed towards the U.S. Department of Education. Former top student loan official Wayne Johnson did not mince words in a letter to U.S. Secretary of Education Miguel Cardona and other senior officials, accusing the
The Biden administration recently announced a significant move to forgive $5.8 billion in student debt for 77,700 borrowers through the Public Service Loan Forgiveness program. This decision highlights the administration’s commitment to providing relief to individuals burdened by student loans. In addition to this, President Joe Biden will be sending emails to 380,000 public service
The much-anticipated recession that was predicted for 2023 failed to materialize, leading to a sense of optimism that the Federal Reserve may be able to successfully reduce inflation and slow down the economy without causing a recession. This scenario, known as a “soft landing,” has been the focus of much discussion in recent economic forecasts.
As the federal tax deadline approaches, millions of Americans are rushing to file their returns. However, for U.S. expatriates, the situation is even more complicated due to additional filing rules. The burden of managing and filing U.S. taxes has reached a point where nearly one-third of American expats are either planning to renounce their citizenship