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The wealth of the top 1% hit a record $44.6 trillion at the end of the fourth quarter.All of the gains came from stock holdings thanks to an end-of-year rally.Economists say the rising stock market is giving an added boost to consumer spending through what is known as the "wealth effect."Martin Puddy | Digitalvision...

The Biden administration announced it would forgive $5.8 billion in student debt for 77,700 borrowers through the Public Service Loan Forgiveness program.It also said President Joe Biden would email another 380,000 public service workers, notifying them that they're on track to have their debt canceled within two ye...

Nearly one-third, or 31%, of Gen Z are living with their parents because they can't afford to buy or rent their own space, according to a recent report.The year 2023 was the least affordable homebuying year in more than a decade.For parents, supporting grown children can be a substantial drain when their own financi...

The U.S. Securities and Exchange Commission on Wednesday approved rule changes to allow the creation of bitcoin exchange-traded funds in the U.S., a long-awaited move that will give regular investors access to the controversial and volatile cryptocurrency.The decision will likely lead to the conversion of the Graysc...