May 5, 2021


How Much Money Do Millennials Make? It’s No Longer a Taboo Question

When 25-year-old Grace Woodward has friends over to her apartment for the first time, they often react to her striking navy-blue walls by asking, “Did your landlord let you paint?”

Ms. Woodward, a graduate student at Yale Divinity School, says she doesn’t hesitate to tell them that the landlord is her mother. “I’m pretty open with people that my mom owns this and that I don’t pay rent,” says Ms. Woodward, who often goes on to explain that her mother had extra money after the sale of her house in Arlington, Va., in 2017, and was able to pay for

Read More

Burned out millennials quitting their jobs eye ‘private money flowing around’

The coronavirus pandemic was not only a public health crisis and an economic crisis. According to numerous anecdotal reports, it’s also led to a torrent of burnout among the workers fortunate enough to have kept their jobs through the pandemic. Many, who could afford to, were inspired to quit their jobs and move in search of some post-pandemic adventure, like starting a dream job or business. The New York Times dubbed it the “YOLO Economy.”

Multiple surveys have found workers are considering or planning to look for a new job. A recent Prudential survey indicated that 1 in 3 millennials

Read More

Student loan savings – what to do with your money with payments paused

Borrowers can use the temporary student loan repayment fees to strength their financial health. Here are four ways to use these funds to increase your savings or pay down debt. (iStock)

Americans possess more than $1.7 trillion in outstanding student loan debt. The coronavirus pandemic immediately impacted many of these borrowers’ ability to pay their monthly loan debts, and in response, the Trump administration placed a temporary freeze on all federal student loan payments. The Biden administration has since extended this freeze to at least October 2021, leaving many borrowers with a little extra cash on hand.


Read More

Earn Up to $2,000 Just for Saving Money in a Roth IRA

The Saver’s Credit, also known as the Retirement Savings Contribution Credit, is one of the most appetizing rewards for low- to middle-income taxpayers who are thinking about stashing money away in a Roth IRA. 

If you qualify, this IRS perk allows you to claim a credit up to $1,000 (single filers) or $2,000 (married couples filing jointly). This is a valuable addition to your tax return, allowing you to reduce or completely eliminate your tax bill. It goes without saying that if you reduce your tax tab, you get to keep more money in your pockets. 

Unfortunately, most people who

Read More

How much money do English majors make? Don’t ask.

A bipartisan group of senators, including Elizabeth Warren of Massachusetts and Sheldon Whitehouse of Rhode Island, are backing a bill called the College Transparency Act. It would require public and private colleges around the country to report how many students enroll, transfer, drop out, and complete various programs. Then that information would be combined with inputs from other federal agencies, including the Internal Revenue Service, so that the “labor market outcomes” of former students could be tracked.

In other words, the act would create a system that publicizes how much money students make, on average, after going through particular colleges,

Read More

Groom-to-be offers up bridesmaid instead of money to pay for wedding musician

It turns out, people that provide services for weddings want to actually get paid for their work.

A common problem for people working in the wedding industry is people trying to get services for free. Weddings are expensive and many couples would love not to have to pay for a photographer. While it seems to be common for people to offer exposure in return for working the wedding, one groom-to-be apparently came up with a new tactic.

A wedding musician recently shared a story to Reddit’s forums about a man trying to hire him for an upcoming wedding. Posting under

Read More