How to save money on gas, with or without a federal gas tax holiday

The recent run-up in gasoline prices is now being felt nearly across the board. The national average for a gallon of gas is currently $ 4.94 after topping 5 per gallon for the first time ever earlier this month, according to AAA. Last year at this time, the price was 3.07 per gallon. The increase … Read more

Past financial crises have affected how millennials manage money

FG Trade | E + | Getty Images Living through multiple financial crises and recessions has impacted the way millennials are now managing their money. The experience has given members of that generation some confidence that they’ll be able to make it through another recession if the US falls into one amid high inflation and … Read more

Here’s what financial advisors say about the Fed’s latest rate hike

The Marriner S. Eccles Federal Reserve Board Building in Washington, DC Sarah Silbiger | Reuters While the market moves are positive for investors, they are still dealing with a complicated backdrop that’s likely to continue to whiplash asset prices going forward. Earlier in the week, the S&P 500 fell into bear market territory, meaning a … Read more

Michigan will be 14th state to mandate personal finance education

Michigan Governor Gretchen Whitmer poses at an event where General Motors announced an investment of more than $ 7 billion in four Michigan manufacturing sites on January 25, 2022 in Lansing, Michigan. Jeff Kowalsky AFP | Getty Images High school students in Michigan will soon be guaranteed a personal finance course before they graduate. The … Read more

How to pay for college after a financial setback

As of March, the number of applications sank 8.9% from last year, according to the National College Attainment Network. (The FAFSA season opened Oct. 1, but it’s not too late for students who haven’t filed.) In ordinary years, high school graduates miss out on billions in federal grants because they don’t fill out the FAFSA. … Read more

How parents can empower their kids through financial literacy

The Covid-19 pandemic is really highlighted how financially troubled our society is. Debt levels are extremely high, bankruptcies are commonplace and many Americans are living paycheck to paycheck. Today’s adults are suffering and may be setting the next generation up for trouble, as well. Tackling the financial literacy crisis in America begins at home, as … Read more

Government financial watchdog chief looks for consumer inflation stress

Rohit Chopra leads the Consumer Financial Protection Bureau, the federal agency whose mission is to protect consumers from “abusive and deceptive financial practices.” As the director of the CFPB, he is keeping a close eye on trouble spots that could potentially cause another financial crisis. With inflation significantly impacting household budgets for millions of Americans, … Read more

This advisor uses FinTok to reach the next-generation of female investors

Brittney Castro Source: Brittney Castro Brittney Castro began her career as a financial advisor at just 22. For her, being a young woman in an older, male-dominated profession, was an asset, so to speak, rather than a liability. Less than 33% of financial advisors are women, according to the US Bureau of Labor Statistics. Even … Read more

Key things that financial advisors would tell their younger selves

fizkes | iStock | Getty Images For anyone getting started with adulthood, the financial stuff can be among the trickiest aspects to navigate. That can be the case even for those who go on to be financial advisors. For these professionals, some advice they regularly give clients now – after years of extra education and … Read more

88% of adults support mandating personal finance education

Most adults in the US support guaranteed access to personal finance education for high school students. Eighty-eight percent of adults surveyed by the National Endowment for Financial Education said their state should require either a semester or a year long personal finance course for graduation. The survey of 1,030 adults was conducted in March. More … Read more