Social Security payments will get cut $325 a month starting in 2033 without changes: actuaries
The head actuaries for Social Security and Medicare testified before a House panel about the two safety net programs' looming financial woes that could see key trust funds depleted in roughly a decade, which would leave beneficiaries facing a benefit cut if the funding gap isn't resolved by Congress.
The head actuaries for Social Security and Medicare testified before a House panel about the two safety net programs' looming financial woes that could see key trust funds depleted in roughly a decade, which would leave beneficiaries facing a benefit cut if the funding gap isn't resolved by Congress.
Disney trips lead to debt for almost 50% of parents with young children, study finds
The trip of a lifetime to a Disney theme park has turned into a financial nightmare for many U.S. parents, especially those with young kids, according to a new study.
The trip of a lifetime to a Disney theme park has turned into a financial nightmare for many U.S. parents, especially those with young kids, according to a new study.
50 percent of Americans saving for college don't know about a 529 savings plan: survey
Despite the many advantages 529 savings plans provide, many Americans are not using them as part of the education saving strategy, a recent Edward Jones survey said.
Despite the many advantages 529 savings plans provide, many Americans are not using them as part of the education saving strategy, a recent Edward Jones survey said.
Buy now, pay later products to be treated like credit cards, CFPB says
BNPL lenders must now follow the federal Truth in Lending Act (TILA) and Regulation Z rules that apply to credit cards, the CFPB said.
BNPL lenders must now follow the federal Truth in Lending Act (TILA) and Regulation Z rules that apply to credit cards, the CFPB said.
These US cities have the biggest inflation problems, study finds
High inflation continues to impact the economy, and these cities are feeling it the most.
High inflation continues to impact the economy, and these cities are feeling it the most.
Soaring insurance rates drive auto insurance shopping rates higher: report
Shopping rates for new auto insurers climbed in January and February 2024, rebounding from a dip in the previous quarter.
Shopping rates for new auto insurers climbed in January and February 2024, rebounding from a dip in the previous quarter.
Gas prices to keep dropping as motorists plan Fourth of July road trips: AAA
The national average cost for a gallon of gas was $3.48, a significant eight-cent dip from the previous week.
The national average cost for a gallon of gas was $3.48, a significant eight-cent dip from the previous week.
22% of retirement-age Americans are still working; these states have the most
Despite the number of Americans who are 65 and older decreasing from 2022 to 2024, it’s still double what it used to be almost 40 years ago.
Despite the number of Americans who are 65 and older decreasing from 2022 to 2024, it’s still double what it used to be almost 40 years ago.
Unemployment increased just slightly despite the US adding 272,000 jobs
Over 270,000 jobs were added in May, yet the unemployment rate still rose, fueling economic concerns.
Over 270,000 jobs were added in May, yet the unemployment rate still rose, fueling economic concerns.
Borrowers urged to apply for Navient's private student loan forgiveness
The Project on Predatory Student Lending (PPSL) launched a campaign to raise awareness of Navient's discharge program for certain borrowers seeking relief because their school lied to them.
The Project on Predatory Student Lending (PPSL) launched a campaign to raise awareness of Navient's discharge program for certain borrowers seeking relief because their school lied to them.
States with highest, lowest personal incomes in 2024, according to WalletHub
The personal finance website WalletHub has released its list of states where people have the highest income in 2024.
The personal finance website WalletHub has released its list of states where people have the highest income in 2024.
The 10 cheapest new cars in 2024
Nissan, Kia, Hyundai and Mitsubishi dominate Cars.com's list of the cheapest new cars.
Nissan, Kia, Hyundai and Mitsubishi dominate Cars.com's list of the cheapest new cars.
Gas prices dropped by more than they have all year as after-holiday demand dips
Decreasing oil prices and less demand has caused a sizeable drop in gas prices this week.
Decreasing oil prices and less demand has caused a sizeable drop in gas prices this week.
Social Security recipients will get one less payment in June – here's why
Here's why some Social Security recipients will miss a payment in June.
Here's why some Social Security recipients will miss a payment in June.
IRS’ free Direct File program to become permanent, expand to more states
The IRS’ Direct FIle, a free online tool that allows taxpayers to file directly to the agency, will expand starting in the 2025 tax season.
The IRS’ Direct FIle, a free online tool that allows taxpayers to file directly to the agency, will expand starting in the 2025 tax season.
Social Security has a 'billionaire problem,' advocate warns
Social Security benefits will be cut significantly in 2035 without a fix. Here's what advocates say we can do to prevent that.
Social Security benefits will be cut significantly in 2035 without a fix. Here's what advocates say we can do to prevent that.
Home insurance rates have surged nearly 40% since 2019 – but they're rising fastest in these states
Rising home insurance premiums are the latest squeeze on homeownership.
Rising home insurance premiums are the latest squeeze on homeownership.
Biden extends time frame to get credit toward student loan forgiveness
Interest rates are up and student loan forgiveness isn't really finalized yet, making for turbulent loan market as we enter into presidential policies.
Interest rates are up and student loan forgiveness isn't really finalized yet, making for turbulent loan market as we enter into presidential policies.
Program helps military members, veterans get out of debt
After serving our country, many veterans end up fighting debt in the form of credit cards, auto loans, medical bills, or student loans. Now, there's a free resource to help military members and veterans with that issue.
After serving our country, many veterans end up fighting debt in the form of credit cards, auto loans, medical bills, or student loans. Now, there's a free resource to help military members and veterans with that issue.
This is the staggering amount homeowners spend on costs besides their mortgage
Some 28% of homeowners said they've considered going back to renting.
Some 28% of homeowners said they've considered going back to renting.