The CARD Act of 2009 states that credit card companies cannot issue cards to people younger than 21 unless they apply in writing and prove they have sufficient income to make minimum payments.

Elizabeth Guevara is a personal finance reporter who explains the world of business and economics and how it impacts your finances. She joined Investopedia in 2024. Alistair Berg / Getty Images A ...

Starting in 2026, student loan forgiveness will be taxable at the federal level. This could cost the average borrower ...

Attending college once provided a similar payoff for students regardless of their parents’ income, but that’s no longer the case, according to a new working paper published on Monday by the National ...

Get your news from a source that’s not owned and controlled by oligarchs. Sign up for the free Mother Jones Daily. When President Joe Biden announced the creation of the Saving on a Valuable Education ...

Your annual income is the total amount of money a person or a business earns during the year. This includes all money generated through all income sources, such as salaries and wages, rental ...