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News Articles: Your Money

More people are using Buy Now, Pay Later services like they might a credit card — frequently and on everything.

Tagged as: 

  • Your Money

How do you use Buy Now, Pay Later? It likely depends on your credit score

New research finds that people who use it the most tend to use it like a credit card, instead of a credit card. And that's regardless of income.

February 15, 2024
|
By:
  • Alina Selyukh
Temu has soared in popularity since it launched in 2022. Here, a photo illustration shows the Temu app in an app store reflected in videos of Temu consumers in Washington, D.C.

Tagged as: 

  • Your Money

Temu promises cheap goods. Here's how the shopping app does it

Temu aggressively markets "hot deals," such as a hooded button-up fleece jacket for $8.32. But some U.S. officials accuse Temu of unfair and/or unethical practices.

February 14, 2024
|
By:
  • Bill Chappell
As states began outlawing heart balm lawsuits, newspaper articles in the 1930's chronicled the strong feelings and uproar over Heart Balm lawsuits.

Tagged as: 

  • Your Money

A lawsuit for your broken heart

Keith King was upset when his marriage ended. His wife had cheated, and his family broke apart. And that's when he learned about a very old type of lawsuit, called a heart balm tort. A lawsuit that would let him sue the man his now ex-wife had gotten involved with during their marriage.

On this episode, where heart balm torts came from, what relationships looked like back then, and why these lawsuits still exist today (in some states, anyway.) And also, what happened when Keith King used a heart balm tort to try to deal with the most significant economic entanglement of his life: his marriage.

This episode was hosted by Erika Beras and Sarah Gonzalez. It was produced by Emma Peaslee and edited by Molly Messick. It was fact-checked by Sierra Juarez and engineered by Gilly Moon. Alex Goldmark is Planet Money's executive producer.

Help support Planet Money and get bonus episodes by subscribing to Planet Money+
in Apple Podcasts or at plus.npr.org/planetmoney.

February 09, 2024
|
By:
  • Erika Beras,
  • Sarah Gonzalez,
  • and 2 more
The House voted to approve a short-term expansion of the child tax credit along with restoring some business tax credits.

Tagged as: 

  • Politics

House passes bipartisan tax bill to expand child tax credit

The bill includes $33 billion to expand the widely used child tax credit for three years — including the tax season currently underway, provided the bill quickly passes the Senate.

February 01, 2024
|
By:
  • Kelsey Snell
U.S. Secretary of Education Miguel Cardona has led the department through a massive FAFSA overhaul mandated by Congress about three years ago.

Tagged as: 

  • Education

A new FAFSA setback means many college financial aid offers won't come until April

The department needs extra time to fix a mistake that could have hurt lower-income borrowers, but the delay means all students will have to wait longer for their college aid offers.

February 01, 2024
|
By:
  • Cory Turner
Myrna Aguilar and her son, David Thornton, pose for a portrait at their home in Los Angeles. Thornton applied for a pell grant last year, but did not qualify this academic year even though their income hasn't changed.

Tagged as: 

  • Education

Exclusive: The Education Department says it will fix its $1.8 billion FAFSA mistake

The U.S. Department of Education says it will fix a mistake that would have hurt low-income students, lowering their financial aid.

January 23, 2024
|
By:
  • Cory Turner
The SAVE plan is becoming a key vehicle for President Biden's student loan debt relief efforts. In a Friday press release, U.S. Education Secretary Miguel Cardona said, "The Biden-Harris Administration designed the SAVE Plan to put community college students and other low-balance borrowers on a faster track to debt forgiveness than ever before."

Tagged as: 

  • Education

Education Dept. fast-tracks forgiveness for borrowers with smaller student loans

In a surprise move, the Biden administration announced it is fast-tracking a change that will erase the debts of many federal student loan borrowers after just 10 years.

January 12, 2024
|
By:
  • Cory Turner
The Securities and Exchange Commission, under Chair Gary Gensler, has approved several spot bitcoin exchange-traded funds, which will track the cryptocurrency's price.

Tagged as: 

  • Business

U.S. says yes to new bitcoin funds, paving the way for more Americans to buy crypto

Bitcoin ETFs get greenlight from top federal regulator, after years of resistance. The fund will track the price of the cryptocurrency.

January 10, 2024
|
By:
  • David Gura
Since the new FAFSA launched on Dec. 30, 2023, the form has only been available for short periods of time. That changed this week. On Tuesday, the U.S. Education Department said applicants will now have 24-hour access.

Tagged as: 

  • Education

The FAFSA rollout has been rough on students. The biggest problem is yet to come

The Education Department has made a big mistake with this year's FAFSA — one that could cost students financial aid they're entitled to. It's now grappling with how to implement a fix.

January 09, 2024
|
By:
  • Cory Turner
The U.S. Mint has released the 2024 Harriet Tubman Silver Dollar as part of the Harriet Tubman Commemorative Coin Program. The coins include $5 gold coins, $1 silver coins and half-dollar coins honoring the bicentennial of her birth.

Tagged as: 

  • History

The U.S. Mint releases new commemorative coins honoring Harriet Tubman

The designs featured on the coins honor Tubman's life and her work as an abolitionist and social activist. The coins include $5 gold coins, $1 silver coins and half-dollar coins.

January 05, 2024
|
By:
  • Jonathan Franklin

Tagged as: 

  • Education

FAFSA delays are straining families and colleges

This year's federal aid form is new and improved. But it came three months later than normal, and in its first week, online access has been unpredictable.

January 05, 2024
|
By:
  • Nicole Cohen and
  • Cory Turner
Massachusetts Gov. Maura Healey signed a tax relief package on Oct. 4. Among other things, it expanded a child and family tax credit.

Tagged as: 

  • National

To tackle poverty, more states will offer bigger child tax credits in 2024

The new benefits take a cue from a pandemic success story — when an expanded U.S. child tax credit briefly cut child poverty in half. Some states include immigrants and index credits to inflation.

January 01, 2024
|
By:
  • Jennifer Ludden
A $7,500 tax credit for electric vehicles will see substantial changes in 2024. It will be easier to get because it will be available as an instant rebate at dealerships, but fewer models are likely to qualify.

Tagged as: 

  • Business

The $7,500 tax credit for electric cars will see big changes in 2024. What to know

The electric vehicle tax credit will be easier to get next year — but fewer models could qualify, as the government imposes stricter eligibility requirements.

December 28, 2023
|
By:
  • Camila Domonoske
Supermarket sticker shock eased this year, as egg prices fell back to earth. Despite gloomy recession forecasts at the beginning of the year, consumers kept spending and the economy continued to grow.

Tagged as: 

  • Business

These 5 charts show how life got pricier, but also cheaper, in 2023

Inflation eased this year, and wages are now climbing faster than prices. Americans are still spending, even if they have to borrow money to do so.

December 27, 2023
|
By:
  • Scott Horsley and
  • Alina Selyukh
A person holds a sign at a rally to raise the federal minimum wage, on Capitol Hill in Washington, D.C., on May 4.

Tagged as: 

  • Economy

Minimum-wage workers in 22 states will be getting raises on Jan. 1

While that's great news for the almost 10 million workers affected, 20 other states still pay minimum-wage workers the federal rate of $7.25 an hour.

December 26, 2023
|
By:
  • D. Parvaz
  • Load More

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