Social Security COLA 2024 may impact your taxes in a big way
The 2024 Social Security cost of living adjustment (COLA) increase aligns with early estimates based on inflation figures for the previous three months.
The 2024 Social Security cost of living adjustment (COLA) increase aligns with early estimates based on inflation figures for the previous three months.
Jobs offering student loan assistance more than double: study
With student loan debt growing to more than $1.7 trillion, employer student loan assistance programs for workers seem to be on the rise, according to Handshake.
With student loan debt growing to more than $1.7 trillion, employer student loan assistance programs for workers seem to be on the rise, according to Handshake.
Here's how borrowers who can't make student loan payments can avoid defaulting
The 12-month student loan on-ramp period will help struggling borrowers from suffering the worst consequences of missed, late, or partial payments, according to a recent Harvard University Employee Credit Union blog.
The 12-month student loan on-ramp period will help struggling borrowers from suffering the worst consequences of missed, late, or partial payments, according to a recent Harvard University Employee Credit Union blog.
Social Security cuts: Retirees could face more than $17,000 in annual benefits losses
Social Security could run out of money to make full benefits payments in 2033, spurring as much as $23,000 in benefits cuts for retirees, a study found. Here’s what you need to know.
Social Security could run out of money to make full benefits payments in 2033, spurring as much as $23,000 in benefits cuts for retirees, a study found. Here’s what you need to know.
Student loan repayment: Nearly half of Americans with college debt to cut essential spending
With student loan payments underway after the federal pause ended, many Americans are cutting back on essentials to make ends meet, MassMutual found. But Biden’s student loan relief initiatives aim to help borrowers now.
With student loan payments underway after the federal pause ended, many Americans are cutting back on essentials to make ends meet, MassMutual found. But Biden’s student loan relief initiatives aim to help borrowers now.
Biden administration gears up for second attempt to cancel federal student loans
The Department of Education is planning to hold meetings in two weeks to discuss how to provide debt relief to federal student loan borrowers.
The Department of Education is planning to hold meetings in two weeks to discuss how to provide debt relief to federal student loan borrowers.
Consumers grow unhappy with credit card perks as they spend at record levels: report
Consumers are growing unhappy with credit card perks designed to build loyalty as debt soars to new highs, a recent J.D.Power report stated.
Consumers are growing unhappy with credit card perks designed to build loyalty as debt soars to new highs, a recent J.D.Power report stated.
Car insurance cost rises 17%: Here are some factors that can help lower your bill
Insurance premiums have increased by 17% over the past 12 months, but drivers can use some cost-reducing strategies to lower those premiums, according to a recent Experian report.
Insurance premiums have increased by 17% over the past 12 months, but drivers can use some cost-reducing strategies to lower those premiums, according to a recent Experian report.
Fear over Social Security's future pushes Americans to claim benefits early: survey
Most Americans understand Social Security, but concern over its future is pushing many to claim retirement benefits early, a recent Schroders survey said.
Most Americans understand Social Security, but concern over its future is pushing many to claim retirement benefits early, a recent Schroders survey said.
Gas prices unseasonably high despite a drop in demand: AAA
Nationwide gas prices dipped on average by only three cents to $3.83 for the week ending Sept. 28, according to AAA.
Nationwide gas prices dipped on average by only three cents to $3.83 for the week ending Sept. 28, according to AAA.
Americans to deplete pandemic era savings by end of Q3
After accumulating record breaking excess savings in the COVID-19 recession, Americans could soon deplete these reserves, the San Francisco Fed reported.
After accumulating record breaking excess savings in the COVID-19 recession, Americans could soon deplete these reserves, the San Francisco Fed reported.
How a government shutdown could affect student loan payments
With a government shutdown looming, student loan borrowers could face more headaches once student loan repayments resume after a three year pause. Here’s what you need to know.
With a government shutdown looming, student loan borrowers could face more headaches once student loan repayments resume after a three year pause. Here’s what you need to know.
Student loan scams surge as October repayment date approaches
Scammers are looking to take advantage of borrowers in need of financial assistance as student loan payments start back up.
Scammers are looking to take advantage of borrowers in need of financial assistance as student loan payments start back up.
Biden's student debt forgiveness may be taxed in these five states
Although student debt discharged is exempt from federal tax due to the American Rescue Plan Act of 2021, some states may still tax the savings, according to a report by the Tax Foundation.
Although student debt discharged is exempt from federal tax due to the American Rescue Plan Act of 2021, some states may still tax the savings, according to a report by the Tax Foundation.
Household income drops amid high inflation
The typical American’s income dropped for the third straight year amid record-high inflation. But you can still pay down high-interest debt quickly.
The typical American’s income dropped for the third straight year amid record-high inflation. But you can still pay down high-interest debt quickly.
Inflation is affecting parents' ability to pay for education: survey
Inflation is taking a toll on back-to-school shopping expenses in 2023 as parents struggle with funding their children's education, supplies and extracurriculars, according to a survey.
Inflation is taking a toll on back-to-school shopping expenses in 2023 as parents struggle with funding their children's education, supplies and extracurriculars, according to a survey.
Fed pauses interest rate hikes in September but could raise rates again this year
The Federal Reserve paused interest rates in its September meeting. But inflation remains high as Americans deal with record credit card debt. Here’s what to do.
The Federal Reserve paused interest rates in its September meeting. But inflation remains high as Americans deal with record credit card debt. Here’s what to do.
Feeling the financial burden of today's economy
With so many increases, it's easy for spending to rise without realizing it. People are feeling the pinch in a variety of unexpected ways, and trying to find new strategies for making ends meet.
With so many increases, it's easy for spending to rise without realizing it. People are feeling the pinch in a variety of unexpected ways, and trying to find new strategies for making ends meet.
Student loan repayment may force some to take on more debt: survey
Many student loan borrowers are anxious that they won't be able to meet their payment obligations once repayments resume in October, according to a recent survey by Achieve.
Many student loan borrowers are anxious that they won't be able to meet their payment obligations once repayments resume in October, according to a recent survey by Achieve.
Social Security payments could rise 3.2 percent in 2024
The Social Security cost of living adjustment could increase to 3.2% in response to high inflation. But it’s far from the 2023 record raise and many Americans still struggle to generate retirement income.
The Social Security cost of living adjustment could increase to 3.2% in response to high inflation. But it’s far from the 2023 record raise and many Americans still struggle to generate retirement income.