New plan would cancel student loans for those with financial hardships

Student loan borrowers who face steep medical bills, child care costs and other types of financial hardship could see their student loan debt erased under a new proposal.

This is how much money you need to never work again

Our expert offered one key tip for those who want to become a millionaire and stay a millionaire.

Former Gov. Pat Quinn calls Illinois voters' attention to tax-saving referendum
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Former Illinois Gov. Pat Quinn has been trying to convince voters to sign off on a non-binding referendum asking whether the state should raise taxes on incomes over $1 million to pay for property tax relief.

IRS announces higher standard deductions for 2025

The IRS has announced higher standard deductions for U.S. taxpayers in 2025, allowing them to shield more income from taxation.

Should minimum wage be lower for workers who get tips? These 2 states will decide

The amount of money tipped workers make varies depending on the state. Currently, 14 states pay the federal minimum, or just above $2 an hour for tipped workers and $7 an hour for non-tipped workers.

Mortgage rates continue to climb despite cuts by the Fed: Here’s why

Many Americans have been priced out of purchasing a home or making a move for years now amid elevated mortgage rates, sky-high home prices, and squeezed budgets due to inflation.

A closer look at how Trump's economic plan could impact inflation

Former President Donald Trump has vowed to eliminate inflation if he returns to office, but economists warn that his proposed policies, including high tariffs, mass deportations, and interference with the Federal Reserve, could worsen the issue.

Americans are feeling more anxious about their credit card debt, survey finds

Americans appear to be feeling more worried about mounting credit card debt, according to the New York Fed’s September 2024 Survey of Consumer Expectations.

Online payment apps: Here’s what to know the next time you tap to pay

Payment apps make it easy to send and receive money with the click of a button, but here’s what you need to know when using these platforms.

Illinois Lottery: Time running out to claim $250,000 ticket sold in Chicago

The Illinois Lottery is on a mission to find the owner of an unclaimed $250,000 winning Lucky Day Lotto ticket purchased in Chicago last October.

Some Social Security recipients will get two payments in November. Here's why

Those who receive Supplemental Security Income (SSI) will receive an additional check in November due to how the payment schedule is lined up.