Long wait times and glitchy websites are causing frustration ahead of the official end to the pandemic moratorium. In this Article 89.68USD –0.13% Have a confidential tip for our reporters? Get in Touch Before it’s here, it’s on the Bloomberg Terminal LEARN MORE The restart of federal student loan payments is turning into a headache for many borrowers. For months, consumer advocates and lawmakers warned the system for processing payments was ill-equipped to handle an estimated 28 million...

Borrowers flush with cash have been dumping money into paying down their student debt. Here are the pros and cons. Before it’s here, it’s on the Bloomberg Terminal LEARN MORE It may not be the best decision to overpay your student loan bill, even if it’s helping you avoid interest. In the past six weeks, borrowers with federal student loans prepaid $10.8 billion worth of debt ahead of the restart of payments due in October, Treasury Department data show. But, even if you’re among the...

North America’s first Bitcoin ETF got off to a stellar start in its debut, with investors exchanging $165 million worth of shares. After a relentless surge in the world’s largest digital currency, the first Bitcoin product that’s officially labeled an exchange-traded fund debuted Thursday in Toronto. It’s worth noting, though, that Europe has several crypto-tracking products that function like an ETF. The new fund, called Purpose Bitcoin ETF (ticker BTCC), invests directly in...

Do you think you’re rich? My colleague Charlie Wells and I set out to ask objectively wealthy Americans this simple question. The results were shocking — many of them say they are “just getting by” and others consider themselves “poor.” We surveyed 1,000 rich people in the US — those who make at least $175,000 a year, roughly the amount required to crack the top 10% of tax filers — and a significant portion feel like they don’t have enough. Read the full story here. It’s a surprising outcome...

Inflation is rewriting the rules for how young people should manage their finances. Have a confidential tip for our reporters? Get in Touch Before it’s here, it’s on the Bloomberg Terminal LEARN MORE This article is for subscribers only. The traditional advice from financial advisors is to spend no more than 50% of your income on necessities. That’s become nearly impossible for young people in big cities facing the highest inflation in decades. With the most recent consumer price index...