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.
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.
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.
The IRS says about a billion dollars in unclaimed tax refunds from 2020 will expire later this month.
Mortgage rates push higher with no relief in sight: Freddie Mac
The average 30-year fixed-rate mortgage was 7.22% for the week ending May 2, according to Freddie Mac's latest Primary Mortgage Market Survey.
The average 30-year fixed-rate mortgage was 7.22% for the week ending May 2, according to Freddie Mac's latest Primary Mortgage Market Survey.
More homebuyers are paying discount points as interest rates continue to rise
Borrowers with lower credit scores and FHA loans often turn to discount points more frequently than other groups.
Borrowers with lower credit scores and FHA loans often turn to discount points more frequently than other groups.
The unemployment rate barely rose, but only 175,000 jobs were added in April
The unemployment rate barely budged, rising to 3.9% while just 175,000 jobs were added.
The unemployment rate barely budged, rising to 3.9% while just 175,000 jobs were added.
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.
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.
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.
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.
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.
Biden has proposed a plan B student loan forgiveness proposal that would cost taxpayers an extra $84 billion, a recent Penn Wharton analysis said.
Many Americans spend more than 30 percent of their take-home pay on a mortgage: survey
Homebuyers ready to take the plunge in today's housing market have had to sink a bigger portion of their paychecks into mortgage payments and make significant cuts to everyday spending, a recent survey said.
Homebuyers ready to take the plunge in today's housing market have had to sink a bigger portion of their paychecks into mortgage payments and make significant cuts to everyday spending, a recent survey said.
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.
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.
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.
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.
More than a third of Gen Z, millennials seek help from their parents to afford a house down payment
Young homebuyers are combating high home prices by asking their parents for help with home down payments.
Young homebuyers are combating high home prices by asking their parents for help with home down payments.
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.
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.
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 hits above $7 mark at one Bay Area station, among the highest in California
Bay Area gas station hits above the $7 mark for regular unleaded, among the highest in California.
Bay Area gas station hits above the $7 mark for regular unleaded, among the highest in California.
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.
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.
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.
Due to rising homeowners insurance cost, more and more homeowners are choosing to forgo getting insurance.