Personal Finance
More than five million student loan borrowers are in the Department of Education’s crosshairs after the Trump administration announced new collections efforts targeting those in default on their federal student loans earlier this week. These borrowers may soon be subject to draconian collections actions by the government including wage garnishment and the offset of Social Security payments and other federal income streams. Millions of additional borrowers may also be targeted as they begin to fall further behind on their monthly payments. “American taxpayers will no longer be forced to serve as collateral for irresponsible student loan policies,” said U.S. Secretary…
What is the gig economy?The IRS defines the gig economy as “activity where people earn income providing on-demand work, services or goods,” often through an app or website. This area of the job market consists of temporary, contract and freelance jobs.The term “gig economy” gets thrown around most often in reference to jobs like working with a rideshare company, such as Uber or Lyft, making deliveries or walking dogs. But the gig economy represents a large part of the workforce and spans virtually every industry. For instance, a 2022 survey commissioned by Upwork among 3,000 professionals found that 60 million…
The sting of inflation, even as it eases, may have you pondering how to make some extra income.NerdWallet rounded up 25 real ways to make money at home, online or out and about. For each potential side job, we list details like what it takes to get started, age requirements and how fast you can get paid. While most people want to make money fast, don’t discount the “slow” gigs, as they may pay more in the long run.How to make money online1. Pick up freelance work onlineMake money online through websites such as Upwork, Fiverr and Freelancer.com. These sites…