Social Security fund gains extra year of solvency – benefits will begin to be reduced in 2035
Social Security trust funds will not run out of money until 2035, at which point Seniors can expect their benefits to be reduced by 17% unless Congress takes steps to shore up the program.
Nearly half of all homeowners concerned weather-related events will raise their homeowners insurance rates
Weather-related events in states like Texas, Colorado and Arizona are causing double-digit rate hikes for homeowners.
Tax refunds left unclaimed from 2020 will expire later this month
The IRS says about a billion dollars in unclaimed tax refunds from 2020 will expire later this month.
Americans paid slightly more for fuel this week as gas prices rose by a few cents, on average
Fuel costs didn't go up by much this week due to low oil prices and a lull in demand.
Art Institutes borrowers to get student debt cancellation, Biden says
The president and Education Secretary Miguel Cardona described the Art Institutes as "predatory" and said the new handouts would help students who were victims of their actions.
What do higher-for-longer interest rates mean for your money?
Americans will be forced to adapt to a new normal where savers benefit from higher rates, but borrowers face steeper debt payments on everything from credit cards to mortgages to student loans.
Consumers see higher auto payments in exchange for better borrowing rates
Car loan terms have shortened as buyers with better credit seek cheaper rates for higher monthly payments, a recent Experian report said.
Biden's new student loan forgiveness plan would cost an extra $84 billion: report
Biden has proposed a plan B student loan forgiveness proposal that would cost taxpayers an extra $84 billion, a recent Penn Wharton analysis said.
IRS to decide on restoring free tax site amid uncertain future of program
The government pilot program rolled out this tax season allowed some taxpayers in 12 states to submit their returns directly to the IRS for free.
81% of millennials say they can't afford a midlife crisis
Are millennials a generation in crisis? A majority said that type of crisis is a luxury they can’t afford.
How much money it takes to be 'rich' in America for 2024
A recent study utilizing IRS data reveals that the income required to be considered "rich" varies widely across the U.S., reflecting regional differences in cost of living, local economies, and tax structures.
More newlyweds opting for a 'mini-moon'– here's why
The need for fun and relaxation after the wedding day is leading more newlyweds to choose shorter getaways as an alternative to traditional honeymoons.
Bad service, no tip: Most Americans demand quality before tipping
A recent YouGov poll reveals that as tipping becomes an expected norm in increasingly varied sectors amid rising living costs, over half of Americans now express a growing resentment towards tipping, opting to leave no tip for subpar service.
These salaried workers are now eligible for overtime pay
The Biden administration's new rule significantly expands overtime pay eligibility to millions of salaried workers in the U.S., setting higher income thresholds and updating salary limits every three years.
'Doom spending' instead of home buying—how young people are spending their money
Amid inflation and climate concerns, younger generations, including Gen Z and millennials, are turning to "doom spending," buying luxuries as they find homeownership increasingly unaffordable.
Gas prices crept up this week, but not by much as oil prices fell
Demand for gas is up, but oil prices are down, causing gas prices to go up by just four cents.
How often does the IRS audit?
While the IRS accepts most tax returns, there are certain mistakes to avoid that may prompt the agency to take a closer look at your documents.
Millions of homeowners don't have homeowners insurance due to high costs
Due to rising homeowners insurance cost, more and more homeowners are choosing to forgo getting insurance.
Biden announces a fresh round of $7.5 billion in student loans canceled
The latest round of cancellations targets $7.4 billion of student loans for 277,000 borrowers, the Department of Education said in a statement.
Many personal loan borrowers rely on loans for everyday expenses as cost of living grows
14.5% of borrowers use personal loans for everyday expenses as everyday costs grow.