Middle-income Americans report that their earnings are not keeping up with expenses in a Primerica survey
As costs continue to climb, middle-income Americans are feeling the pressure. With rising prices becoming a familiar struggle, many are turning to credit cards for their shopping needs, leading to a cycle of expensive purchases. In light of this, experts suggest that, perhaps, individuals should reconsider their spending habits. “Frankly, that’s probably the right thing […]
Social Security SSI payments will be issued early because of an unusual weekend schedule.
Social Security Payments Adjusted Due to Calendar Glitch A recent discussion highlighted troubling new findings indicating that both Social Security and Medicare might be heading toward financial instability. If immediate measures aren’t taken by policymakers, retirees could face significant reductions in their benefits. In a slight change to the usual schedule, recipients of Social Security […]
What could be the potential growth of Trump’s account balances over time?
Treasury Secretary Scott Bessent recently chatted with Fox News’ Aisha Husney about the new investment accounts and what they may mean for the future under the Trump administration. The administration has introduced a so-called “Trump account,” aimed at helping children kickstart their saving and investing journeys, potentially leading to a substantial financial foundation by adulthood. […]
Fed Chair Jerome Powell notes consumers are trying to save money due to inflation.
Fed Holds Interest Rates Steady Amid Ongoing Economic Concerns The Federal Reserve has decided to maintain interest rates at their current level, as reported by Edward Lawrence from FOX Business. This announcement comes during a time of rising inflation that continues to affect many American households. Chairman Jerome Powell noted that a significant number of […]
Jerome Powell, the Fed Chair, offers guidance to his successor as his term concludes.
Federal Reserve Keeps Interest Rates Unchanged Amid Economic Concerns According to a report by a White House correspondent, the Federal Reserve has decided to maintain its current interest rates during a segment titled “Making Money.” Chairman Jerome Powell addressed questions regarding his future at the central bank, sharing insights at a recent news conference. Powell’s […]
Changes to the 401k catch-up rules for high earners starting in 2026 are explained.
The IRS is set to implement new rules that will change how Americans can make retroactive contributions to their workplace retirement accounts, starting in early 2026. This shift could really influence how people approach retirement planning and budgeting. The updates, stemming from the SECURE 2.0 Act of 2022, will particularly affect individuals aged 50 and […]
New York City ranks highest among cities with the quickest increasing living expenses.
A recent analysis of inflation across major U.S. cities highlights New York City as leading in rapid cost-of-living increases, with three Californian cities following closely behind. This study, conducted by Plasma—a blockchain firm specializing in stablecoin payments—examined inflation patterns in the 30 most populous American cities. It utilized a weighted model considering various factors, including […]
Economist Peter Schiff cautions that the surge in gold prices indicates a significant dollar crisis and impending economic downfall.
Economist Warns of Economic Crisis Amid Rising Gold Prices As gold prices continue to climb, economist Peter Schiff expresses concern that this trend should be viewed as more than just a hedge. He highlights it as a signal indicating accelerated inflation, diminishing global confidence in the dollar, and the possibility of a significant economic downturn […]
Federal Reserve is expected to hold off on cutting interest rates during the January meeting
Federal Reserve Interest Rates Hold Steady The Federal Reserve policymakers are broadly expected to keep interest rates unchanged at their upcoming meeting on Wednesday. This decision comes as officials navigate persistent inflation and a softening labor market. The Federal Open Market Committee (FOMC) is likely to maintain its target for the federal funds rate between […]
Consumer confidence falls to its lowest point since 2014 in January survey
Consumer Confidence Hits Record Low in January Ed Yardeni, the President of Yardeni Research, recently shared insights affecting the economy leading up to 2026 during a segment on “How to Make Money.” Meanwhile, data from the Conference Board reveals that U.S. consumer confidence has plummeted to its lowest level since 2014, raising concerns among Americans […]