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CNN —Pick one word to describe Republicans and Donald Trump, the focus group moderator asked, and one word to describe Democrats and Kamala Harris. “Donald Trump is a uniquely more popular figure, but what is it about him that makes him that way? Former President Donald Trump gestures during a campaign rally in Waco, Texas, on March 25, 2023. But what Democrats face is much deeper than the usual finger-pointing by a losing campaign or speculation about the next set of presidential primary candidates. It goes beyond easy comments about talking more to the working class when Democrats lost ground among nearly every demographic in the presidential race.
Persons: Donald Trump, Kamala Harris, , , hadn’t, Harris, Joe Biden, she’d “, what’s, Hillary Clinton, JB Pritzker, “ Donald Trump, Barack Obama, Obama, Leah Millis, Vermont Sen, Bernie Sanders, David Plouffe, Biden, Jen O’Malley Dillon, Stephanie Cutter, ’ ”, Pat Ryan, Marie Gluesenkamp Perez, Republican she’d, “ It’s, ” Gluesenkamp Perez, ” Harris, Hannah McKay, weren’t, Joe Rogan, Rogan, Trump, Sanders, – Pritzker, Tim Walz, Gavin Newsom, Hakeem Jeffries, Angie Craig, we’ve, Craig, She’s, ’ ” Craig, Gluesenkamp Perez, Joe Morelle, Josh Shapiro’s, Chris Deluzio, Democratic Sen, Bob Casey, ” Deluzio, David Goldman, Bill Clinton, Jimmy Carter, hasn’t, George W, Bush’s, Levi Strauss, Daniel Lurie, London Breed, Harris ’, Oprah Winfrey, Ryan Organizations: CNN, Trump, Democratic, Gov, Biden, Lone Star, Electoral, Reuters, New York Democrat, Republican, Howard University, Tuesday, Trumpism, California Gov, Minnesota, Twin, Democrats, New York Rep, Pennsylvania Gov, Pennsylvania, London, Democratic Party Locations: Pennsylvania, Illinois, Michigan, Lone Star State, Washington, , Texas, Waco , Texas, Vermont, Hudson Valley, , Wilmington , Delaware, America, Minnesota, Twin Cities, Pittsburgh, Dearborn , Michigan, Grant Park, New York
I bought a storage unit business, and it became so successful that it has paid for her full tuition. I didn't visualize myself shoveling out storage units full of cat toys, abandoned tires, chainsaw parts, and cheese graters. AdvertisementThat's when we looked into the storage business to help pay for her college tuition. We bought a fixer-upper mini storage businessAfter a long search, we spotted an ad for a fixer-upper mini storage business and decided to make an offer in 2020. And if life takes another unexpected turn, maybe our college graduate can use the mini storage to house a plumbing truck.
Persons: , Lauren, Gary, we've, we'll Organizations: Service, . Media
WASHINGTON — President-elect Donald Trump’s ambitious agenda could face pushback from an institution he has done much to shape: the Supreme Court. With a 6-3 conservative majority including three Trump appointees, the court has spent the last few years buffeted by criticism from the left. The Trump administration also suffered a big loss when in 2020 the court ruled 6-3 to extend workplace discrimination protections to LGBTQ employees, a decision that angered conservatives. During the Biden years, the court has set new precedents while ruling against the administration that in theory apply to Trump too. “The Supreme Court supermajority has given us no reason to expect that it will be anything other than be a rubber stamp for his worse impulses,” said Alex Aronson, who runs Court Accountability, a left-leaning legal group.
Persons: Donald Trump’s, Biden, , John Malcolm, Brianne, “ Trump, Trump, Jonathan Adler, Amy Coney Barrett, Joe Biden, Ketanji Brown Jackson, Stephen Breyer, wasn’t, Adler, , Alex Aronson, “ They’ve Organizations: WASHINGTON, Trump, Heritage Foundation, Case Western Reserve University School of Law, Congress
More than half of college seniors feel pessimistic about joining the workforce, per a Handshake survey. First-time job seekers told BI they're seeking stability in their careers. AdvertisementAmid a dwindling pool of entry-level positions and ongoing layoffs in once seemingly foolproof fields, Gen Z college grads are feeling uneasy about starting their professional lives. The 21-year-old told BI that she is regularly casing career fairs and updating her portfolio with new projects to stand out come spring. She told BI she likes her work but wishes she made more than her $40,000 salary.
Persons: Z, , Insider's Aki Ito, Hiba Rizvi, Rizvi, they're, Christine Cruzvergara, Cruzvergara, Goldman Sachs, Sasha Friese, Friese, she'll, I've Organizations: Service, Loyola University Chicago, Big Tech, Washington Post, Commerce Department, University, Washington, BI, University of San Locations: San Diego, University of San Diego
But, in hindsight, I wish I'd dropped out just to save myself on my now-mounting debt. Since then, nobody has asked me about my college degree. AdvertisementI believe my best — and safest — bet would have been to switch to an online degree when the pandemic first hit. It just goes to show that sometimes, a bit of risk-taking can pay off; I wish I'd been bolder. I'll definitely chalk up my university experience as "You live, and you learn" territory; I still really enjoyed aspects of my college experience.
Persons: , I'd, I'm, I've, Little, it's Organizations: Service, Citadel
When I was younger, I didn't understand or appreciate my parents paying my college tuition. My son pays his tuition first with his saved money, and I pay him back if he gets good grades. Related Video Supreme Court strikes down Biden's student-debt relief planThe tuition payment plan is simpleMy kids must save and then pay for their classes each semester. If they don't get at least a B, they don't get the money back, so there's no money for the next semester. AdvertisementIt's working for my oldest son so farMy son began his first semester in August.
Persons: , It'll, We've, freaked, He's, he's Organizations: Service
"We've waived the remaining balance on your private student loan in the amount of $31,730.76," the Aug. 29 letter said, in part. Rebecca Finch Courtesy: Rebecca FinchBut the road to that relief was long, confusing and intensely stressful, said Rebecca's daughter, Sabrina Finch. Originally, Sabrina was the primary borrower of the Navient private student loan, and her mother, Rebecca, was the co-signer. In May, Navient excused Sabrina from her private student loan. But there's no question it's incredibly difficult for co-signers to be forgiven from a private student loan, consumer advocates say.
Persons: Rebecca Finch couldn't, We've, Navient, Rebecca, Finch, Rebecca Finch, Sabrina Finch, Sabrina, Sabrina —, Hartwick, EDCAP's Rodriguez Organizations: CNBC, Social Security, Consumer Financial Locations: Navient
For the second year in a row, a Texas locale ranks at the most wallet-friendly college town in the U.S., according to WalletHub's latest ranking. But this year, Edinburg — home to the University of Texas, Rio Grande Valley — didn't maintain its first-place position. The city is home to a number of colleges, including Texas Southmost College and Our Lady of the Lake University at Rio Grande Valley. Brownsville is located at the most southern tip of Texas, about four and a half hours south of San Antonio. Here are the 10 most wallet-friendly college town and cities in the U.S., according to WalletHub:
Persons: WalletHub Organizations: Edinburg, University of Texas, Texas Southmost College, Our, Lake University Locations: Texas, U.S, Rio Grande, Brownsville , Texas, Rio Grande Valley, Brownsville, San Antonio
New data obtained by some lawmakers shows more student-loan borrowers taking advantage of that new process. Elizabeth Warren led some of her colleagues in calling for bolstered outreach on the bankruptcy process. AdvertisementAn updated process for student-loan borrowers to get rid of their debt in bankruptcy court is working, a group of Democratic senators said. Discharging student loans in bankruptcy court has been historically difficult. Lawmakers have also introduced legislation to make the bankruptcy process easier for student-loan borrowers.
Persons: Elizabeth Warren, , Dick Durbin, Sens, Raphael Warnock, Sheldon Whitehouse, Biden, Jerry Nadler, Nadler Organizations: Biden, Service, Business, Justice, Education, Democratic, Justice Department, DOJ, Lawmakers Locations: Sens, House
For Gen Z, retirement is 40 or 50 years away, but now is the perfect time to start saving. Four financial experts shared their top strategies to kick-start retirement savings. Or, it may seem difficult and anxiety-inducing, especially as Gen Z juggles student loan debt, high costs of living, and a tough job market. AdvertisementBusiness Insider asked four wealth advisors for their best tips and tricks on how Gen Z can maximize their retirement savings, starting now. Basic budgeting strategies, such as keeping housing costs at 30% or lower of your total paycheck, can also create a strong foundation for retirement savings, Crowell said.
Persons: , Zers, Z, Gen Z, there's, Andrew Crowell, Davidson, Crowell, Zer, Gen Zers, Ayako Yoshioka, Yoshioka, Roth, haven't, Ashley Weeks, Weeks, Alanna Morey, Morey Organizations: Service, Social Security, Bank of America, D.A, Roth IRA, Equity, Bank
After a months-long negotiated rulemaking process, President Joe Biden and his administration have unveiled a new proposed regulation to provide debt relief to student loan borrowers facing financial hardship. It goes on to list 17 non-exclusive factors that could substantiate hardship. The other pathway will likely be primarily application-based and will see the department considering individual cases for debt relief using these factors or other evidence of hardship. The proposal will soon be entered into the Federal Register where it will undergo a 30-day public comment period. This debt relief action stems from the Supreme Court's ruling against President Biden's plan to enact broad student loan forgiveness in June 2023.
Persons: Joe Biden, Pell Grant, Biden's Organizations: Federal, Federal Student, Department of Education, CNBC
US President Joe Biden gestures after speaking about student loan debt relief at Madison Area Technical College in Madison, Wisconsin, April 8, 2024. The Biden administration introduced a new proposal Friday to deliver student loan forgiveness to Americans who experience "financially devastating hardships." The announcement was the latest effort by the Education Department under President Joe Biden to cancel people's education debt. However, the department's previous attempts to provide wide-scale student loan forgiveness are currently being blocked by the courts after a wave of GOP-led legal challenges. Former President Donald Trump is a vocal critic of policies to reduce or eliminate the balances of student loan holders.
Persons: Joe Biden, Biden, it's, Miguel Cardona, Donald Trump, Kamala Harris Organizations: Madison Area Technical College, Education Department, Republican, Federal, Democratic Locations: Madison , Wisconsin
Take advantage of financial counseling resources offered by your employerIf even thinking about your finances gives you anxiety, you're not alone. While hiring a qualified financial professional is a great move to make, you may have access to one through your job for free. Ask your employer's human resources department if they offer an Employee Assistance Program. EAPs are free programs companies offer that provide confidential assessments, referrals and counseling to employees. In addition to assistance with personal and work-related issues, EAPs may offer financial planning or counseling services free of charge.
Persons: Michael Woodhead Organizations: Attridge Consulting, EAP, Burr Consulting, Employees Locations: Minneapolis, New York
AdvertisementWhen Morgan earned her bachelor's degree in 2018, she graduated with over $20,000 in student loan debt that she hoped to pay off by 2032. Morgan now expects to fully pay off her remaining $16,000 student debt balance by 2028 — four years earlier than planned. Morgan estimates that receiving student debt relief will allow her to pay off her loans four years ahead of schedule. MorganGlobalFoundries is betting that student debt relief will help it attract prospective employees and retain current workers. The company's student debt relief program is just another way it's trying to attract workers.
Persons: Chipmaker GlobalFoundries, , Morgan, she's, they've, GlobalFoundries, it's, Morgan GlobalFoundries, Joe Biden, Raman, Biden, we've, Stephanie, It's Organizations: Service, Business, Semiconductor Industry Association, Oxford Economics, Nvidia, Bright, GlobalFoundries Locations: York, Malta, New York, Austin
The DNC is using the final stretch of The Eras Tour to urge young people to vote for Kamala Harris. Taylor Swift began a three-night run of shows at Miami's Hard Rock Stadium on Friday. The singer-songwriter, who said she was officially backing Harris in the election race last month, began a three-night run of concerts at the Hard Rock Stadium in Miami on October 18. The same day, the DNC launched its "I Will Vote" campaign, targeting youth voters in battleground states ahead of the November 5 election. Vice President Kamala Harris.
Persons: Kamala Harris, Taylor Swift, Swift, Harris, , Jim Vondruska, Rosemary Boeglin, We're, Donald Trump's, It's, heartened, Walz, I've Organizations: Service, Democratic National Committee, DNC, Business Locations: Instagram, Miami
Almost half of young women have at least a bachelor’s degree compared to 37% of young men. That compares to 2008, when Barack Obama won the votes of 66% of young men. One of the biggest financial pressure points for young men has been higher rents, which are up around 20% since 2020. Young men are more likely to be financially dependent on their parents compared to young women, with 74% of women describing themselves as mostly financially independent compared to 62% of young men, according to a Pew survey. I think Trump will do better with young men than among young women — the gap will be pretty significant in terms of voter support — but I don’t think Trump’s going to win an overwhelming majority.
Persons: David Tasker, he’s, Donald Trump, “ Trump, Kamala, ” Tasker, ” Young, Tasker, it’s, , Dan Cox, Andrew Caballero, Reynolds, Richard Reeves, Reeves, , Young, Kamala Harris, Harris, Barack Obama, Trump, Joe Biden, He’s, Melissa Deckman, Gen Z, they’re, Hulk Hogan, Chip Somodevilla, Hogan, Obama, “ I’m, I’ve, ” Obama, Spencer Platt, Biden, ” Reeves, Derek, You’ve, Sam Lilly, Lilly, “ I’ve, Emily Elconin, “ It’s, Cox Organizations: America, Democratic, Survey Center, American Enterprise Institute, Pew Research Institute, Renwick, Washington , D.C, AFP, Getty, American Institute for Boys, Democratic Party, Harvard Institute of Politics, Republican National Convention, Trump, Bank of America, Intuit Credit Karma, NBC, Bloomberg Locations: Pennsylvania, America, Washington ,, Milwaukee, Pittsburgh, Manhattan, Wisconsin, Royal Oak, Mich
It was less a comment on my sister's personal financial situation and more reflective of the fact that having kids isn't just expensive. Some managed to follow the previously typical trajectory of getting married, buying a house and then having kids when the time felt right. Outside of Baltimore, 'having a house really made us feel comfortable having children'Achieving the major financial milestone of homeownership helped Marie Medina, 28, and her husband, Daniel, feel ready to start having kids. "Having a house really made us feel comfortable having children," Medina says. She and her husband moved from the Bronx to Portland, Oregon, in 2021, in part to make their dream of having kids more financially feasible.
Persons: you'll, it's incalculable, it's, aren't, homeownership, Marie Medina, Daniel, Medina, Marie, Daniel Medina, Yolanda Cando, Gilleran, Yolanda, Graham Cando, Alejandra Rojas, didn't Locations: Baltimore, Columbia , Maryland, New York City, Bronx, Portland , Oregon, Portland, Oregon, Amsterdam, Colombia, Netherlands, Maryland
Dana Blue is an estate-planning attorney who helps families navigate assets after a loved one dies. AdvertisementThis as-told-to essay is based on a conversation with Dana Blue, a 44-year-old estate planning, probate, and real estate attorney in Philadelphia. AdvertisementAfter almost a decade of being an attorney, I've witnessed the variety of ways inheritance has changed people, both positively and destructively. It can isolate you from family membersInheritances can impact family members in different ways and even tear them apart. A brother who moved away 20 years ago and cut himself off from the family will still receive his 50% inheritance.
Persons: Dana Blue, , I've, client's, there's, didn't, you'll, it's, Lauryn Haas Organizations: Service, Rover, lhaas Locations: Philadelphia
A millennial with a Ph.D. and over $250,000 in student loan debt said she can't find a job. She's looking for business roles while working as a nurse to help pay the bills. She said she's been forced to expand her job search and explore a new career in nursing to help her make ends meet. AdvertisementRasberry said she thinks the biggest obstacle in her job search is her lack of work experience. She said working remotely would make it easier to keep her nursing job, reduce her commuting costs, and care for her dog.
Persons: , Rasberry, She's, she's, I've, she'd, hasn't, — she's, wasn't, I'm Organizations: Service, Saint Leo University in, Business Locations: Saint Leo University in Florida, Virginia
US President Joe Biden gestures after speaking about student loan debt relief at Madison Area Technical College in Madison, Wisconsin, April 8, 2024. A federal judge will let expire a temporary restraining order against the Biden administration's sweeping new student loan forgiveness plan, which could deliver relief to tens of millions of Americans. U.S. District Judge Randal Hall, appointed by former Republican President George W. Bush, delivered the win for the Biden administration late on Wednesday. This is breaking news. Please refresh for updates.
Persons: Joe Biden, Randal Hall, George W, Bush, Biden Organizations: Madison Area Technical College, Biden, U.S, Republican Locations: Madison , Wisconsin
The Biden administration's sweeping student loan forgiveness plan was temporarily blocked again Thursday by a Missouri judge, just one day after a federal judge in Georgia said he would let a restraining order against the relief expire. St-Louis-based U.S. District Judge Matthew Schelp, an appointee of Republican former President Donald Trump, issued the latest preliminary injunction against Biden's relief plan. The latest order capped 24 hours during which federal student loan holders were subjected to judicial whiplash, as a lawsuit challenging Biden's aid package, brought by seven GOP-led states, bounced from Georgia to Missouri courts. The states bringing the suit — Alabama, Arkansas, Florida, Georgia, Missouri, North Dakota and Ohio — allege that the U.S. Department of Education's new debt cancellation effort is illegal. Hall directed the case to be transferred to Missouri, because the states claim that Biden's plan would most harm student loan servicer Mohela, or the Missouri Higher Education Loan Authority.
Persons: Joe Biden, Biden, Matthew Schelp, Donald Trump, Schelp, Randal Hall, Hall, servicer Mohela, servicers Organizations: White, St, District, Republican, U.S . Department of Education, GOP, U.S . Department of, Missouri Higher Education Loan Authority, CNBC, The Education Department, U.S ., of Appeals Locations: Washington ,, Missouri, Georgia, Louis, Alabama, Arkansas, Florida, Georgia , Missouri, North Dakota, Ohio
watch nowThe one-year grace period for student loan borrowers who miss a payment expired this week. The goal of the 12-month "on ramp" to repayment was to give borrowers some breathing room as they worked student loan payments back into their budgets. Some borrowers haven't made payments in yearsCongress initially passed legislation to allow federal student loan borrowers to pause their loan payments in March 2020 as part of the Covid economic response. It's now been roughly a year since student loan payments resumed. TransUnion data shows that just over half of student loan borrowers made payments over the past several months.
Persons: servicers, haven't, they've, Billy Hensley, Intuit Credit Karma, Karma, Brandon Bell, Ted Jenkin, Jenkin, Sallie Mae's, delinquencies, Liz Pagel, hasn't, Pagel, Andrew Housser, Housser Organizations: National Endowment, Financial Education, CNBC, Financial Wellness, Board, Intuit Credit, Rice University Library, Getty, CNBC's, College, Finance Locations: HOUSTON , TEXAS, Houston , Texas, Atlanta
Emily Odio-Sutton started her Etsy side hustle on her couch while watching a "Real Housewives" TV show in December 2022. She doesn't recall which one, but she does remember the months of research fed into that moment. When a customer places an order, a third-party manufacturer prints the design onto the product and ships it out. DON'T MISS: The ultimate guide to earning passive income onlineIn her best month so far, the side hustle — which takes roughly 10 hours per week, she says — brought in $54,900. It padded her family's finances, paying for vacations and her $20,000 in student loans, she says.
Persons: Emily Odio, Sutton, couldn't, Organizations: CNBC Locations: Odio
When Jonathan Ochart moved from San Antonio to Los Angeles in 2023 to grow his public relations business, he figured he'd buy a condo. But that's only one of the reasons he's priced out of the Los Angeles County market, even for a smaller place. In LA, "even a modest condo costs close to $1 million," he says. Jonathan Ochart gave up on buying a condo in Los Angeles. Courtesy of Jonathan OchartBy early 2024, Ochart had given up on the idea of buying a condo in Los Angeles altogether.
Persons: Jonathan Ochart, Ochart, you've Organizations: CNBC, U.S . Census Locations: San Antonio, Los Angeles, Texas, Angeles County, Ochart's, Beverly Hills, LA, San Jose , New York, Boston, LA County, U.S
So, home loan rates may continue to fluctuate. Don't wait to reassess credit card debtWhen it comes to credit card debt, the math is a little more cut-and-dried. In the wake of the rate hike cycle, the average credit card rate rose from 16.34% in March 2022 to more than 20% today — nearing an all-time high. watch nowAlternatively, borrowers can call their card issuer and ask for a lower interest rate on their current card. Auto loan refinancing options depend on equityAlthough auto loans are fixed, the rates on new-car loans will come down with the Fed's moves.
Persons: Jacob Channel, Matt Schulz, Schulz, you've, Ivan Drury, Edmunds Organizations: Treasury, LendingTree, Auto
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