Chicago City Council to weigh pros and cons of subminimum wage Monday

This week, the Chicago City Council will discuss the pros and cons of a subminimum wage. This is base wage between $8 to $10 an hour that’s complemented by on-the-job tips.

Staying financially secure during 'divorce season'
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A new study shows that divorces during summer are on the rise. Tracy Coenen, author of "Find Me the Money," shared advice on what to do financially during the middle of a divorce.

Benefits and risks of using ChatGPT for financial help
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Philip Shaw, Goldstone Financial Group Advisor, talks about the pitfalls and benefits of using artificial intelligence such as ChatGPT for financial guidance.

How to help your kids with their first summer paychecks
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Gregg Murset, CEO of BusyKid, talks about how parents can usher their children into financial literacy this summer.

Recession expected by end of 2023: Fannie Mae

A recession is likely in 2023, Fannie Mae forecasted. And the Fed may continue to raise interest rates after its June pause, despite projections that inflation will continue to cool.

Record number of Americans expected to travel this 4th of July: AAA

More than 50 million Americans may travel this 4th of July 2023 weekend, AAA reported. But with record travel expected, some times may be better to drive than others.

Tips for investing your money during times of economic uncertainty
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John Bever, president of Phase 3 Advisory Services Inc., dishes out financial advice for people looking to invest money during times of economic uncertainty.

Here's how to prepare to pay back your student loans once the pandemic payment freeze ends

The Supreme Court may strike down President Joe Biden's student loan plan, which would erase $10,000 in federal student loan debt for those with incomes below $125,000 a year or households that earn less than $250,000.

Tips for reeling in your credit card debt
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Personal finance expert Dan Roccato dishes out tips for helping you stay on top of your credit card debt and improve your credit score.

Inflation outpaces wage growth for 26 months
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While the Consumer Price Index is at the smallest annual increase in over two years, prices remain high. And inflation is outpacing wage growth, leaving many Americans struggling to stay afloat.

The best way to ask for a raise
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Laura Fredricks, author of "Hard Asks Made Easy," dishes out helpful tips to secure the raise you deserve.

Money moves that will help reduce financial anxiety
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Personal finance expert Anthony O'Neal dishes out advice for managing your finances during stressful times.

Biden administration approves $42B in student loan forgiveness under updated PSLF program

The Department of Education has approved $42 billion in student loan forgiveness through recent changes to the PSLF program, designed to provide debt relief to borrowers in the non-profit, public service and governmental fields.

Chicago woman creates book series to teach kids about finances
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Last month was all about financial literacy, but it's never too late to talk to your kids about money. Chicagoan Pongee Barnes does it through her books, called Little Owners. She joined First at Four to talk more about it.

These are the cities you can earn six figures in and still be broke

A new study found that in 16 of the 100 largest U.S. metros, a family of three earning a $100,000 annual income would spend more on the basics than what they earn. California cities made up half of the list.

Financial tips for those looking to break out of living from paycheck-to-paycheck
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Personal finance expert Anthony O'Neal returns to Good Day Chicago to dish out some advice for people looking to eliminate their debt and start saving money for emergencies.

Tax Day: IRS reveals typical refund amount taxpayers can expect to receive
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With Tuesday marking the last day most people have to submit their 2022 tax year returns, the Internal Revenue Service provided a peek at the typical refund amount taxpayers can expect to receive.