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☆ How new tax changes for 2025 could affect federal tax liabilities for families
▼ + stars: | 2024-10-22 | by ( Lorie Konish | ) www.cnbc.com time to read: +3 min

Momo Productions | Digitalvision | Getty ImagesChild tax credit for 2025The refundable portion of the child tax credit — a tax break parents can take for qualifying children — will be $1,700 for 2025, which is unchanged from 2024. Notably, the terms of the current child tax credit are set to expire at the end of tax year 2025. At that time, the child tax credit is scheduled to drop to a maximum $1,000 per child. Earned income tax credit for 2025A tax credit for low- to middle-income individuals and families — the earned income tax credit, or EITC — will have higher maximum amounts in 2025. The earned income tax credit helps qualifying individuals and families reduce the amount of tax they owe, while also potentially providing a refund, according to the IRS.

Persons: Momo, —, Alex Durante, Durante Organizations: Getty, Tax Foundation

☆ Overseas UK territories are the ‘biggest enablers of corporate tax abuse,’ tax advocacy group says
▼ + stars: | 2024-10-17 | by ( Dylan Butts | ) www.cnbc.com time to read: +4 min

Advocacy group Tax Justice Network has ranked the British Virgin Islands, followed by the Cayman Islands and Bermuda as "most complicit" in helping corporations underpay corporate income tax. Traffic_analyzer | Digitalvision Vectors | Getty ImagesBritish overseas territories are the world's top enablers of corporate tax abuse, according to a ranking by tax advocacy group Tax Justice Network. The British Virgin Islands is the territory "most complicit" in helping multinational corporations underpay corporate income tax, followed by the Cayman Islands and Bermuda, according to the latest update to TJN's Corporate Tax Haven Index earlier this month. TJN estimates that the UK and its British tax havens cost other countries an estimated $84 billion in corporate taxes annually. Defending themselves against the charges made by the advocacy group, spokespersons from some of the governments said they were in full compliance with international tax standards set by the Organisation for Economic Co-operation and Development.

Persons: FCDO, Broad, TJN, pushback Organizations: Tax, Network, Getty Images, Tax Justice Network, Corporate, TJN, CNBC, Switzerland, Organisation for Economic Co, Development, British, Foreign, Commonwealth, Development Office, OECD, CRS, Crown Dependencies, Overseas, BVI Finance, British Virgin Islands, UK Government, United Nations, UN Locations: British Virgin Islands, Cayman Islands, Bermuda, British, Singapore , Hong Kong, Netherlands, United Kingdom, Jersey, Overseas Territories, British Virgin, U.S, Australia, Canada, Israel, Japan, New Zealand, South Korea

☆ Why 401(k) plans are the 'final frontier' for exchange-traded funds
▼ + stars: | 2024-10-17 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Momo Productions | Digitalvision | Getty ImagesWhile many investors have flocked to exchange-traded funds, they haven't gained much ground with 401(k) plan participants. The report found that 401(k) plans used ETFs most readily for sector and commodity funds — but even then, they did so just 3% of the time. Key benefits are 'irrelevant'Mutual funds, collective investment trust funds and separately managed accounts held the lion's share of the 401(k) assets across all investment categories, PSCA data shows. However, those benefits are "irrelevant" in 401(k) plans, Blanchett said. Blanchett said 401(k) plans are also long-term accounts in which frequent trading is generally not encouraged.

Persons: Momo, David Blanchett, hasn't, Philip Chao, Chao, Warren Buffett's, Blanchett Organizations: Exchange, Mutual, Morningstar, Investment Company Institute, ICI, of America, Vanguard Locations: John , Maryland

☆ Retirees can shop for health-care coverage during Medicare open enrollment. It's a great time to review costs, experts say
▼ + stars: | 2024-10-14 | by ( Lorie Konish | ) www.cnbc.com time to read: +4 min

Changes you can make during open enrollmentDuring Medicare open enrollment, retirees may select new health plans and prescription drug plans. They may switch from original Medicare, which is provided by the federal government, to Medicare Advantage plans that are privately managed. They may also switch from Medicare Advantage to Medicare original or change Medicare Advantage plans. Original Medicare includes Medicare Parts A and B. Medicare Part A covers care provided by hospitals, skilled nursing facilities and hospice, as well as some home health care. Retirees also should be on the lookout for changing Medicare Advantage coverage, Moeller said.

Persons: Tricia Neuman, Ryan Ramsey, Philip Moeller, Moeller, Harris, KFF's Neuman, Neuman Organizations: Getty, Medicare, National Council, Aging, Biden Locations: Connecticut, Maine, Massachusetts, New York

☆ Life spans are growing but 'health spans' are shrinking. What that means for your money
▼ + stars: | 2024-10-09 | by ( Greg Iacurci | ) www.cnbc.com time to read: +2 min

Since 1960, the average U.S. life span has increased to 77.5 from roughly 70 years old, according to the Centers for Disease Control and Prevention. But "health spans" are simultaneously shrinking. As a result, there's a "widening gap" between one's life and health spans, she said. How health impacts wealthFatcamera | E+ | Getty ImagesOf course, this isn't to say healthy people avoid significant medical expenses. Prioritize the spending on your health and, if it feels like too much money, try to cut back on spending that "doesn't increase your health span," she said.

Persons: Momo, Susan Roberts, Roberts, McClanahan, Francis Organizations: Getty, Centers for Disease Control, Dartmouth College, Planning Partners, Invest Locations: U.S

☆ With more interest rate cuts, market volatility on the horizon, here's what investors can do to prepare
▼ + stars: | 2024-09-25 | by ( Lorie Konish | ) www.cnbc.com time to read: +3 min

"We know there needs to be a continuation of rate cuts," Oden said. "The new debate is the question, is the next one going to be another 50 [basis points], or will it be 25 [basis points]?" Expect market volatility aheadYet the U.S. faces another looming uncertainty with the upcoming November election. Market volatility, which tends to increase in September, will likely continue in October, according to Oden. "Pre- and post-election, we will still see some volatility," Oden said.

Persons: Thomas Barwick, Racquel Oden, Oden, we're, Carolyn McClanahan, McClanahan Organizations: Digitalvision, Federal Reserve, HSBC, CNBC's, Investors, Planning Partners, CNBC FA Locations: U.S, Jacksonville, Fla

☆ Planning to delay retirement may not rescue you from poor savings
▼ + stars: | 2024-09-17 | by ( Greg Iacurci | ) www.cnbc.com time to read: +2 min

Alistair Berg | Digitalvision | Getty ImagesPlanning to work longer is a popular escape hatch for Americans who feel they've saved too little to support themselves in old age. About 27% of workers intend to work in retirement because they need to supplement their income, according to a new CNBC and SurveyMonkey survey. While working longer is among the best ways to shore up one's nest egg, the plan may backfire, according to retirement experts. If workers lose those wages, they'd have to figure out another way to make their retirement savings last. There are benefits to working longerWorking longer — for those who can do it — is a financial boon, according to retirement experts.

Persons: Alistair Berg, Digitalvision, they've, Philip Chao, Chao, EBRI Organizations: Getty, CNBC, Workers, Urban Locations: John , Maryland

☆ Stocks often drop in September — but many investors shouldn’t care
▼ + stars: | 2024-09-13 | by ( Greg Iacurci | ) www.cnbc.com time to read: +6 min

Traders on the New York Stock Exchange floor on Sept. 9, 2024. Spencer Platt | Getty Images News | Getty ImagesSeptember historically hasn't been kind to stock investors. September is the only month during that nearly century-long period in which investors experienced an average loss, according to Morningstar. Trying to time the market is a losing betAlistair Berg | Digitalvision | Getty ImagesInvestors holding their money in stocks for the long-term shouldn't bail, Yoder said. Don't put faith in market maximsSimilarly, investors shouldn't necessarily accept market maxims as truisms, experts said.

Persons: Spencer Platt, Morningstar, Abby Yoder, Yoder, Alistair Berg, Digitalvision, Edward McQuarrie, McQuarrie, couldn't, J.P Morgan Organizations: New York Stock, Getty, Morningstar Direct, Finance, Morgan Private Bank, Investors, Santa Clara University, Fidelity Investments, Federal Reserve, Investor, Mutual Locations: U.S, Wells, New York City, New York

☆ Hawaii is the happiest state in America—California and Florida didn’t make the top 10
▼ + stars: | 2024-09-11 | by ( Celia Fernandez | ) www.cnbc.com time to read: +2 min

Last year Utah was the happiest state in America, but this year, a different state took the No. Hawaii is the happiest state in AmericaHawaii ranked as the No. 1 happiest state in the U.S. with an overall score of 68.71. The 10 happiest states in AmericaHawaii Maryland New Jersey Utah Delaware Minnesota Connecticut Idaho Nebraska Massachusetts Maryland moved up from No. The state ranked third in the emotional and physical well-being metric, tenth in the work environment and sixth in the community and environment rank.

Persons: Chip Lupo, didn't, Hawaii Thomas Barwick, Richard T Organizations: Golden State, Sunshine State, America Hawaii, Digitalvision, Massachusetts, CNBC, University of Hawaii, America Hawaii Maryland New Jersey Utah Delaware Minnesota Connecticut, Bank, Getty Locations: Utah, America, California, Florida, Hawaii, U.S, WalletHub, States, Honolulu, Maui, Aloha, America Hawaii Maryland New Jersey Utah Delaware Minnesota, America Hawaii Maryland New Jersey Utah Delaware Minnesota Connecticut Idaho Nebraska Massachusetts Maryland

☆ How high earners can funnel money to a Roth IRA, the 'gold standard' of retirement accounts
▼ + stars: | 2024-09-05 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Roth contributions don't get the same upfront tax break: Investors fund Roth IRAs with after-tax money, but generally don't pay income taxes on earnings or withdrawals in retirement. The 'only reason' to save in a nondeductible IRALordhenrivoton | E+ | Getty ImagesHigh earners can contribute to a so-called nondeductible IRA, however. The ability to use the backdoor Roth IRA is a major benefit of these accounts, tax experts said. watch now"The only reason you'd do [a nondeductible IRA] is if the intention was to do a backdoor Roth," Slott said. "All high wage earners should consider looking at both a backdoor Roth IRA and a mega backdoor Roth IRA if they can't set up a Roth IRA," said Ted Jenkin, a certified financial planner and founder of oXYGen Financial, based in Atlanta.

Persons: Thomas Barwick, Roth, Slott, Ted Jenkin, He's Organizations: Investors, Roth IRA, IRA, CNBC, Taxpayers, IRS, Arnold, Mote Wealth Management, Medicare, nondeductible Locations: deductibility, Atlanta, Hiawatha , Iowa

The average rate for a 30-year, fixed-rate mortgage dropped to 6.35% on August 29 from 6.46% a week ago, the lowest mortgage rates have been in 15 months, according to Freddie Mac. "I bought a house when [the mortgage rate] was 15% and then I refinanced." "No bank is ever going to give you a true no closing cost loan at the lowest possible rate. And buying with the goal of refinancing is always taking a gamble on mortgage rates, which comes with a certain amount of risk. Even though recent declines in mortgage rates may gain steam as the Fed lowers its benchmark rate, lower mortgage rates could also boost homebuying demand, which would push prices higher.

Persons: Freddie Mac, Jacob Channel, Dottie Herman, Douglas Elliman, I've, Melissa Cohn, William Raveis, Banks, Cohn, Keith Gumbinger, Michael Krowe, Krowe Organizations: Brigade, Getty, Federal, LendingTree, Fed, William Raveis Mortgage, HSH.com, Edelman Locations: New York

☆ Why remote work has staying power: It's 'still kicking,' economist says
▼ + stars: | 2024-08-23 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

watch nowSuch arrangements were rare before the pandemic, economists said. While remote work opportunities have waned from their peak, they appear to have stabilized well above their pre-pandemic levels, economists said. "Remote work is not going away," Nick Bloom, an economics professor at Stanford University who studies workplace management practices, recently told CNBC. Why remote work has enduredRemote work has endured largely because it benefits both workers and employers, economists said. Remote work also opens up the pool of potential candidates during hiring, Bunker said.

Persons: Taiyou, Nick Bunker, Nick Bloom, Bunker, Bloom Organizations: Digitalvision, North America, Stanford University, CNBC, Finance, Workers, Research Locations: U.S

☆ The most—and least—expensive U.S. states based on average monthly costs
▼ + stars: | 2024-08-11 | by ( Celia Fernandez | ) www.cnbc.com time to read: +3 min

doxo's report found that Hawaii's average monthly cost for household bills is 45% above the national average. 1 most expensive U.S. state based on monthly costs: HawaiiHawaii is still the most expensive state based on the cost of monthly household bills. The doxo report found that the average monthly bill for a mortgage in Hawaii is $2,576, while the average rent is $1,983. 1 least expensive state based on monthly costs: West VirginiaFor the second year in a row, West Virginia ranked as the least expensive state based on monthly costs. Top 10 least expensive states based on monthly costs

Persons: doxo, Hawaii Matteo Colombo Organizations: Utilities Cable, Mobile, Auto, Household, Massachusetts, CNBC, University of Hawaii, Digitalvision, Hawaii, Hawaii California Massachusetts New Jersey Maryland Washington, Hawaii California Massachusetts New Jersey Maryland Washington New York Connecticut Colorado New, West Virginia, State, Business Study, U.S . Bureau of Labor Statistics Locations: Hawaii Hawaii, Hawaii, States, Honolulu, Maui, Aloha, Hawaii California Massachusetts New Jersey Maryland, Hawaii California Massachusetts New Jersey Maryland Washington New York Connecticut Colorado, Hawaii California Massachusetts New Jersey Maryland Washington New York Connecticut Colorado New Hampshire, Virginia, West Virginia, America's, Morgantown , West Virginia, West

☆ Biden administration's student loan relief plan may be paused for 'months or even a year,' expert says
▼ + stars: | 2024-08-09 | by ( Annie Nova | ) www.cnbc.com time to read: +2 min

Alistair Berg | Digitalvision | Getty ImagesThe Biden administration's new affordable repayment plan, known as SAVE, may be on hold for months —or longer — amid a slew of legal challenges. The White House says roughly 8 million people are enrolled in SAVE, or the Saving on a Valuable Education plan. Why the SAVE plan is on holdThe SAVE plan has been a magnet for controversy ever since the Biden administration rolled out the program in the summer of 2023, describing it as "the most affordable student loan plan ever." Indeed, the terms of the new income-driven repayment plan are the most generous to date. However, borrowers pursuing student loan forgiveness should still explore their options, said Elaine Rubin, director of corporate communications at Edvisors, which helps students navigate college costs and borrowing.

Persons: Alistair Berg, Digitalvision, Biden, they're, Elaine Rubin Organizations: SAVE, Republican, U.S . Department of Education, Education Department Locations: Edvisors

☆ Banks face tough new security standards in the EU — their tech suppliers are under scrutiny, too
▼ + stars: | 2024-08-08 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

DORA requires banks, insurance companies and investment to strengthen their IT security. The EU regulation also seeks to ensure the financial services industry is resilient in the event of a severe disruption to operations. These IT providers often deliver "critical digital services to customers," said Joe Vaccaro, general manager of Cisco-owned internet quality monitoring firm ThousandEyes. This has made banks and other financial services providers more vulnerable to cyberattacks and other incidents. DORA will focus more on banks' digital supply chain — which represents a new, potentially less comfortable legal dynamic for financial firms.

Persons: DORA, DORA —, Charles Schwab —, Mike Sleightholme, Joe Vaccaro, Banks, Vaccaro, Sleightholme, it's, Carl Leonard, Leonard, Stephen McDermid, Okta, Fredrik Forslund, Blancco, there's, Forslund Organizations: Getty, Financial, European Union, CNBC, JPMorgan Chase, Santander, Visa, Broadridge, Cisco, EU, Data Locations: European, EU, DORA, noncompliance

Many people consume alcohol to relax and relieve stress, which are some of the top reasons people travel, too. How is sober travel discussed on TikTok? Sentiment in the past year shows that among social media interactions 32% is positive, 38% is neutral and 30% is negative. The ranking, however, isn't a list of countries where alcohol sales are banned — places like Brunei, Saudi Arabia and Iran. Costa Rica ranked high on the list of "sober travel" destinations, in part, because of its outdoor activities and national parks.

Persons: He's, Virgin Mary, Dublin's, Artur Widak, Jordan – Organizations: Airports, CNBC Travel, Virgin, Nurphoto, YouTube, Social, Costa Rica, Siemens, Digitalvision, Getty, UNESCO, Heritage Locations: Koh Samui, Thailand, Brunei, Texas, Asia, United States, United Kingdom, Canada, South Africa, Australia, Saudi Arabia, Iran, U.S, Nepal, Morocco, Costa Rica, Turkey, Greece, Indonesia, Italy, Singapore, India, InsureMyTrip, North America

☆ Student loan payments are on pause for millions. Here's what borrowers need to know
▼ + stars: | 2024-07-26 | by ( Annie Nova | ) www.cnbc.com time to read: +3 min

We Are | Digitalvision | Getty ImagesFederal student loan payments are on pause for millions of borrowers while the Biden administration defends its new relief program in court. The U.S. Department of Education is placing federal student loan borrowers enrolled in the Biden administration's new income-driven repayment plan, known as SAVE, into an administrative forbearance. The SAVE plan has been a magnet for controversy ever since the Biden administration rolled out the program in the summer of 2023, describing it as "the most affordable student loan plan ever." Borrowers can explore their other repayment plan options, "but that would lead to a higher monthly loan payment," Kantrowitz said. "By staying in the SAVE plan, the borrower doesn't lose anything other than time," he added.

Persons: They'll, IRAs, Biden, Mark Kantrowitz, Kantrowitz Organizations: Getty, Biden, U.S . Department of Education, Finance, White, SAVE, Education Department, Republican Locations: forbearance, Missouri

☆ These are America's 10 worst states for quality of life in 2024
▼ + stars: | 2024-07-13 | by ( Scott Cohn | ) www.cnbc.com time to read: +10 min

2024 Quality of Life Score: 119 out of 325 Points (Top States Grade: D-) Strengths: Crime, Voting Rights, Worker Protections Weaknesses: Air Quality, Reproductive Rights, Health Care9. 2024 Quality of Life Score: 98 out of 325 points (Top States Grade: F) Strength: Air Quality Weaknesses: Voting Rights, Crime, Reproductive Rights6. 2024 Quality of Life Score: 96 out of 325 points (Top States Grade: F) Strengths: Child Care, Air Quality Weaknesses: Crime, Inclusiveness, Health Care5. 2024 Quality of Life Score: 85 out of 325 points (Top States Grade: F) Strength: Air Quality Weaknesses: Reproductive Rights, Health, Worker Protections, Voting Rights3. 2024 Quality of Life Score: 83 out of 325 points (Top States Grade: F) Strength: Child Care Weaknesses: Voting Rights, Inclusiveness, Worker Protections2.

Persons: CNBC's, Rebecca Noble, Katie Hobbs, Kansas Thomas Barwick, Bacchus, Chandan Khanna, Wesley Bell, Michael B, Thomas, Michael Pomante, Bill Lee's, Seth Herald, Bill Lee, Oklahoma Dr, Franz Theard, Paul Ratje, Dobbs, Oklahomans, Elijah Nouvelage, Darwin Varela, Brandon Bell Organizations: Business, Arizona, Abortion, Arizona House Republicans, American Lung Association, American Hospital Association, Democratic, Health, Kansas, Digitalvision, Getty, FBI, Louisiana Police, AFP, United Health Foundation, Louisiana Department of Education, Louis County Board, United Democracy Center ., Tennessee Educators, The Tennessee Bureau, Investigation, Volunteer State, Rights, Republican Gov, Care, National Conference of State Legislatures, Reproductive Clinic, Washington, Washington Post, Guttmacher, Sooner State, Alabama Voters, Alabama, Center, Election Innovation, Research, Oxfam America, State, Indiana, Getty Images Indiana, Hoosier State, Reproductive, Fort Duncan Regional Medical Center Locations: States, Arizona, Phoenix , Arizona, Sunflower, America . Kansas, Kansas, New Orleans, Pelican, Louisiana, Missouri, Louis, Louis County, St, Ann , Missouri, United Democracy Center . Missouri, Tennessee, Nashville, Nashville , Tennessee, Seth, Arkansas, New Mexico, Oklahoma, Santa Teresa , New Mexico, Oxford , Alabama, Delaware , Mississippi, New Hampshire, Alabama, Hoosier, Indiana, Eagle Pass , Texas

☆ 10 states with America's worst infrastructure, and most to gain from billions in federal dollars
▼ + stars: | 2024-07-11 | by ( Scott Cohn | ) www.cnbc.com time to read: +16 min

To evaluate each state's infrastructure, our Top States study considers not just roads, bridges, ports and airports. The state broadband office notes that it is the nation's ninth-largest allocation per capita. The state's power grid is among America's least reliable, according to U.S. Department of Energy data. The severe weather means power outages are frequent as well. Since then, the power outages have persisted, making Maine's grid among the worst in the nation.

Persons: Pete Buttigieg, Seth Martindale, Rusty, Dan Koeck, Doug Burgum, Biden, Mark Miller, Suzanne Kreiter, Jim Justice, Senators Joe Manchin, Shelley Moore Capito, Mississippi Brenda Gavin, Elnora Ross, Michael Democker, Robert Gauthier, We're, Lauren Owens Lambert, Logan —, stoplights, Brianna Soukup, Lance King Organizations: Companies, Business, CNBC, Infrastructure Law, Arkansas Turrell, Arkansas Broadband Office, Law, Arkansas Economic Development Corporation, North Dakota, Washington Post, Peace Garden State, U.S . Department of Energy, Power Company, Dakota Utilities, Montana Bison, Getty, Industrial, Rte, Boston Globe, Census, U.S . Department of Transportation, West Virginia, Gov, U.S, Senators, West Virginia Coal Association, Justice, Manchin, Virginia Economic, First Street Foundation, Hawaii, Los Angeles Times, Afp, Boston Regional Airport, Spirit Airlines, Orlando, Logan, JetBlue, White Mountain Cable, Portland Press, Portland Press Herald, Central Maine Power, Power, Energy Department, Maine Locations: States, Arkansas, Arkansas Turrell Arkansas, Turrell Arkansas, Underwood, Peace, North Dakota, Minnesota, Dakota, Buffalo, Yellowstone, Montana, Massachusetts, Canton, Bay State, Boston, Kanawha, Poca, West Virginia, Winfield, Putnam County, Mountain State, Virginia, Mississippi, Louin , Mississippi, Gulf, BroadbandNow, Lahaina , Hawaii, Maui, Lahaina, Western Maui, Hampshire, Hampton , New Hampshire, Manchester, New Hampshire, New England, Maine, Epsom , New Hampshire, Brighton, Woodford Street, Portland, Alaska, Dalton, Coldfoot , Alaska

Social media has transformed the reason we take photos on vacation. According to the same survey, 74% of respondents feel some kind of pressure to imitate the travel content they consume online. This summer, a little more than half of Americans are planning to take a vacation, according to a Bankrate survey. Stretching your annual vacation budget to accommodate the resort everyone claims to love so much? Dial into vacation elements that are important to youWhen you're trying to budget and plan for your summer vacation, come up with your cost ceiling first.

Persons: Gen Zers Organizations: Forbes Locations: Caribbean, clouding, Vegas

☆ Rent a car for a road trip, or drive your own? 5 things to consider
▼ + stars: | 2024-07-05 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

For some car owners, it might be more financially savvy to rent a vehicle for a road trip than use their own, experts said. Drivers would need to compare total rental costs — the daily rental rate and potential add-ons like insurance — versus those of operating their own car. "Most people will be shocked at what it actually costs to own and operate their car," Brannon said. The cost of rental car insurance might add $30 to $61 to the daily rate, depending on insurance type, according to Allianz Travel, citing MarketWatch data. Car owners may already get full coverage on a rental via their own car insurance policies, or may have some coverage through credit-card benefits, Brannon said.

Persons: Patchareeporn, Greg Brannon, Brian Moody, Autotrader, Moody, Brannon, Hopper, Alistair Berg, Digitalvision, Kelley, KBB, Autotrader's Moody Organizations: AAA, Toyota, Allianz Travel, Finance, Car, Getty, Allianz, State

Klaus Vedfelt | Digitalvision | Getty ImagesAlthough the unemployment rate has spent 30 months at or below below 4% — a near record — not everyone who wants a job has one. Others, alternatively, are well-qualified but often younger candidates who are struggling to find positions, comprising a contingent of "new unemployables," according to a recent report by Korn Ferry. 'NEETS' feel 'left out and left behind'Still, some young adults in the U.S. are neither working nor learning new skills. In 2023, about 11.2% of young adults ages 15 to 24 in the U.S. were considered as NEETs, according to the International Labour Organization. In other words, roughly one in 10 young people are "being left out and left behind in many ways," Bustamante said.

Persons: Klaus Vedfelt, Korn, Alí Bustamante, Bustamante, that's, Biden's, Julia Pollak, Pollak, David Ellis, Korn Ferry Organizations: Digitalvision, Worker Power, Economic Security, Roosevelt Institute, U.S . Bureau of Labor Statistics, International Labour Organization, Finance, Here's, Trump, Employers, National Association of Colleges Locations: New York City, U.S

☆ Europe wants to send data centers into space — study says it's possible
▼ + stars: | 2024-06-27 | by ( April Roach | ) www.cnbc.com time to read: +5 min

A data center. The industry is about to be hit with a "wave of data tsunami," said Merima Dzanic, head of strategy and operations at the Danish Data Center Industry Association. A "whole different approach to how we build, design and operate data centers," is required, Dzanic added. Eco launchASCEND's goal was to explore the potential and comparative environmental impact of space-based data centers to aid Europe in becoming carbon-neutral by 2050. Yet Dzanic warned the somewhat "fringe" idea of space-based data centers doesn't fully solve the issue of sustainable energy usage.

Persons: Erik Isakson, Damien Dumestier, Dumestier, Merima Dzanic, Dzanic, Michael Winterson, Andrey Semenov Organizations: DigitalVision, Thales Alenia Space, European Commission, CNBC, International Energy Agency, Danish Data Center Industry Association, International Space, European Data Centre Association, Istock, Getty Locations: Europe, Japan

Morsa Images | Digitalvision | Getty ImagesIt's no secret that many college graduates are struggling with student loan debt. Nearly 1 in 5 student loan borrowers in the U.S. — or 19% — say they are hiding their loan balance from their partner, according to a new report from NerdWallet . Shame, guilt, depression and anxiety swirling the topic of student debt can lead borrowers to keep the details of their loans secret, therapists say. If your significant other doesn't also have outstanding student debt, the topic can feel especially taboo, he added. Student debt can make it harder to buy a house, start a family and save for the future, research shows.

Persons: Traci Williams, Clay Cockrell, Cockrell, Kate Wood, Wood, you've Organizations: Getty, Harris Poll, Finance Locations: U.S, NerdWallet, East Point , Georgia, New York

☆ Book your July 4 flights now if you haven't already, travel expert warns: 'You don't want to wait any longer'
▼ + stars: | 2024-06-25 | by ( Nicolas Vega | ) www.cnbc.com time to read: +3 min

If you've been waiting until the last minute in hopes of snagging a July 4 travel deal, it's time to take the plunge. Katy Nastro, a travel expert at Going, tells CNBC Make It that holding out for a super-cheap flight is a strategy that is likely to backfire. "You don't want to wait any longer hoping and praying that some magic cheap flight is going to drop in price by 50%," she says. You're more likely to find a better price on winter holiday flights than you are for the July 4 holiday. "You're more likely to find a better price on winter holiday flights than you are for the July 4 holiday," she says.

Persons: you've, snagging, Katy Nastro, Nastro, Tang Ming Tung, Izusek, Erlon Silva Organizations: CNBC, TSA, Airlines, Google, Tri Locations: Katy

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