Your Money: Teens and auto insurance, plus student loans and credit

Missed or late student loan payments will be now reported to credit bureaus.

View in browser|nytimes.com October 7, 2024 By Ron Lieber One thing that my colleague Tara Siegel Bernard and I were not aware of when we wrote about our quest for lower auto insurance premiums last month was just how much it costs these days to add a teen driver to a policy. Some people wrote in (or stopped us in the newsroom) with tales of several thousand dollars in extra costs annually. If that new driver gets in an accident, rates go to the moon. If you've got a story to share about what happened when you added a first-time driver, we'd like to hear it. We may dive into the details of one family's policy to see how and why an industry that claims to have lost money in recent years charges what it does for teens to have insurance. You can reach me at lieber@nytimes.com. Have a good week. Rachel Wisniewski for The New York Times Missed Student Loan Payments Will Hurt Your Credit Again. What to Know. President Biden's yearlong on-ramp to help federal student loan borrowers ease back into repayment ended on Sept. 30. By Tara Siegel Bernard Judge Halts Biden Student Debt Plan Right After It Was Allowed to Proceed The ruling was the latest instance of legal whiplash for the over 27 million borrowers who could qualify, and yet another blow to the president's pledge to provide mass student debt relief. By Zach Montague your money adviser How States Are Enticing Employers to Help Their Workers Save for College With college costs high, at least eight states now offer tax credits or deductions for employers that contribute to workers' 529 accounts. By Ann Carrns Your Money Experian Wants You to Carry Its Debit Card Around. Be Wary. There's not a lot of love for the credit bureaus, so why would you want one of them in your wallet? Experian's pitch: A slightly better credit score. Maybe. By Ron Lieber Trump's Plans Could Increase U.S. Debt While Raising Costs for Most Americans A new analysis finds that Vice President Kamala Harris and former President Donald J. Trump's plans would both add to the deficit, but Mr. Trump's proposals could create a fiscal hole twice as big. By Andrew Duehren and Alan Rappeport Electric Car Subsidies Are a Plus, but Could Be Improved, Study Finds The Inflation Reduction Act was a compromise between competing priorities. Evaluating the law on the effectiveness of the $7,500 tax credit for E.V.s is tricky. By Lydia DePillis The Job Market Is Chugging Along, Completing a Solid Economic Picture After months of wobbling, a fresh jobs report showed that hiring and wage growth are strong, aligning with other robust economic data. By Jeanna Smialek and Ben Casselman Pandemic Start-Ups Are Thriving, and Helping to Fuel the Economy A record surge in new businesses has helped drive job growth, and could have longer-term benefits. By Ben Casselman and Sydney Ember What Travelers Need to Know About Hard-Hit North Carolina Airbnb and Vrbo have activated emergency cancellation policies in the western part of the state and other areas of the Southeast affected by the deadly hurricane. By Shannon Sims How are we doing? We'd love your feedback on this newsletter. Please email thoughts and suggestions to yourmoney_newsletter@nytimes.com. Like this email? Forward it to your friends, and let them know they can sign up Your Money. Need help? Review our newsletter help page or contact us for assistance. You received this email because you signed up for Your Money from The New York Times. To stop receiving Your Money, unsubscribe. To opt out of other promotional emails from The Times, including those regarding The Athletic, manage your email settings. To opt out of updates and offers sent from The Athletic, submit a request. Subscribe to The TimesGet The New York Times app Connect with us on: Change Your EmailPrivacy PolicyContact UsCalifornia Notices The New York Times Company. 620 Eighth Avenue New York, NY 10018