Top Story
The White House wants to give you a $10,000 tax credit for buying a home
A proposal from the Biden administration would give tax credits to first-time homebuyers, as well as those selling their homes to replenish what’s available to buy.
US stocks were mixed on Monday ahead of key inflation data
• Shares of Meta sank 4.4% after former President Donald Trump said he was opposed to the potential TikTok ban, arguing a ban would boost Meta’s business. Trump also advocated for tariffs, especially related to China, during a CNBC interview.
• Consumer inflation expectations increased for the three and five-year horizons, putting them well above the Federal Reserve’s 2% target.
What to be on the lookout for today
• February consumer price inflation data and the NFIB Small Business Optimism Index.
• In earnings, Kohl's, Archer-Daniels, On Holdings, and IHS Holdings will report.
Student loans and major life decisions
Student loan debt can be life-changing. On the one hand, you have an education that may enable you to follow the career of your dreams. But on the other hand, your debt burden can weigh on you.
For some borrowers it could even mean delaying life milestones, such as buying a house or starting a family. Making matters worse, prices on everything have soared over the past years, the housing market can be tough to enter, and child care is expensive everywhere you look.
Tackling the burden
Budget: Look for areas you can reduce spending and funnel that money to loans.
Repayment plans: You may be able to take advantage of repayment plans that are based on your income, or refinance loans to get a better monthly rate.
Deferment and forbearance: If you’re struggling to pay federal loans, you may be eligible for deferment or forbearance, which could pause or lower payments for a period of time.
Today’s top stories
Americans’ credit scores just got worseCredit scores dropped for the first time since 2013 last year, according to FICO. Here’s the context you need.
Read more >> Remote work and office friendships. This generation may be missing outWorking from home comes with benefits that can improve your work-life balance. But it could also be keeping you from creating meaningful friendships with mentors and peers.
Read more >> Did you know there are scholarships for moms?Whether you want to improve your income potential or change careers, going back to school can be expensive. If you’re a mother, there are even more considerations. But there are scholarships just for moms that can help you take the next step.
Read more >>Other news that caught our eye
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Airbnb is banning indoor security cameras in residential listings worldwide starting at the end of April.
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Biden points to economic progress in his State of the Union address ahead of the election, saying the U.S. economy is the envy of the world.
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Disney is proposing an expansion plan for its California theme park with more immersive attractions that would cost at least $1.9 billion.
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The U.S. National Highway Traffic Safety Administration launched an investigation into more than 250,000 Hondas following cases of inadvertent automatic emergency braking.
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Uber announced a new app feature that informs riders of the amount of carbon emissions avoided when using electric or hybrid vehicles.
Financial planner tip of the day
“Making the minimum payment on your credit card can lead to paying back much more than your purchase. It is best to avoid costly interest and fees by paying off your balance in full every month.”
Brian Walsh, CFP® at SoFi