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Americans typically spend about 24% of their income on mortgage payments

The average mortgage payment is just over $2,000. (iStock) Mortgage payments are up from a year ago, but still below the threshold that many mortgage experts recommend homeowners adhere to. Often recommended by homeowners Don’t spend more than 30% of your income Regarding housing costs, the average monthly mortgage payment for a single-family home currently […]

Raskin targets Trump foreign payments with emoluments legislation

Rep. Jamie Raskin (D-Md.) on Tuesday focused on an issue that has plagued President Trump’s term, strengthening enforcement of constitutional limits on federal employees receiving payments from foreign governments. submitted a bill to do so. Mr. Raskin’s bill would expand the scope of the so-called emoluments clause, restricting federal elected officials and some senior appointees […]

Monthly car payments decline despite rising auto insurance rates

More than 17% of drivers who own a new car pay more than $1,000 per month. (iStock) The auto industry is becoming increasingly affordable, with monthly payments for a new car averaging $735 as of the first quarter. Although it is still at a high level, it is a slight decrease compared to the previous […]

Social Security update: Second round of May payments worth $4,873 go out in two days

The second of May’s three Social Security payments, worth up to $4,873 for the highest income earners who retire at 70, will go out to the next group of retirees in two days. Here is everything to know about this month’s Social Security payments. What is it? Social Security retirement payments are monthly checks given to retirees, meant to reduce or […]

MTA payroll, overtime payments hit record highs

The MTA’s labor costs reached an all-time high of $7.8 billion last year, according to the agency. fiscal watchdog organization Empire Public Policy Center; State agency payrolls jumped by $663 million, or 9%, in 2023, and overtime expenditures increased by $75 million, or 6%, to a total of $1.37 billion. The previous record was $1.35 […]