Social Security update: First round of April payments worth $4,873 goes out in 11 days
The first of April’s three Social Security payments, worth up to $4,873 for the highest income earners who retire at 70, will go out to the first group of retirees in 11 days. The payment will go out on April 10 to beneficiaries born on or between the first and 10th of a month, according to […]
Consumers spend more than $1 trillion on interest payments, largely due to increasing credit card debt
Credit card debt will account for half of all interest paid in the final quarter of 2023. (iStock) Interest payments for U.S. consumers are orders of magnitude higher. Last quarter, consumers spent a record $1.1 trillion on interest payments alone. reported quartzusing data from the U.S. Bureau of Economic Analysis (BEA). More than half of […]
Visitors sue National Park Service over policy prohibiting cash payments
Three visitors have sued the National Park Service over its policy of banning cash payments in various parts of the country. Elizabeth Dasberg of Georgia, Esther van der Werf of California, and Toby Stover of New York filed a lawsuit in early March alleging that the Park Service’s cashless policy violates federal law. woke up. […]
Credit scores decreased for first time in a decade as borrowers miss payments
Currently, the average credit score nationwide is 717. (iStock) For the first time in a decade, the average credit score has dropped slightly to 717. According to data released by FICO. The average score in 2023 was 718. This decline is likely due to high interest rates and inflation causing consumers to miss payments and […]
DC Coffee Chain Debuts Crypto Payments with Coinbase Partnership
Check out what’s being clicked on FoxBusiness.com A test case for mainstreaming cryptocurrencies is coming to a local coffee chain in the nation’s capital, FOX Business has learned. Compass Coffee, a veteran-owned coffee brand with more than a dozen stores in the Washington, D.C., area, has partnered with Coinbase, the largest cryptocurrency exchange in the […]
Student loan payments hinder retirement savings – Here’s how employers are helping
Student loans are getting in the way of Americans’ ability to save for retirement, a new study finds. (iStock) A recent study shows that student loan payments are getting in the way of building retirement savings for some Americans, especially those with higher salaries. Americans who pay student loans have lower contribution rates and lower […]
Black New York residents spar over who should receive reparation payments
Black New Yorkers are at odds over who deserves reparations, as the commission will soon begin debating the issue. In December, New York Governor Kathy Hochul signed a bill creating a commission to study the best way to provide reparations to descendants of slaves in the state. By February she announced the members Who will […]
NYC on the hook for $213 million in legal payments — a 200% spike
Adams said the city spent a record $213 million in decisions and settlements between July and October. Preliminary management report. This total is a staggering 200% increase from the $60 million spent during the same period in fiscal year 2023, and a review of previous reporting shows that four months covered by PMMR date back […]
Some student loan borrowers are boycotting payments, but the risk is high: survey
Some student loan borrowers refuse to pay off their debts, hoping to send a message to the government. (iStock) Millions of borrowers have fallen behind on student loan payments since the reopening in October, according to a recent survey, and about one in 10 expects to pressure the government to cancel outstanding debt. He is […]
New York Migrants Receiving Cash Welfare Payments After Quiet Rule Change
Democratic-controlled New York state is secretly giving cash payments to thousands of immigrants under a rule change that makes non-citizens eligible for welfare benefits. Gov. Kathy Hochul’s Temporary Disability Assistance Administration (OTDA) will change the terms of the Safety Net Assistance (SNA) program in 2023 to make immigrants who fill out asylum applications eligible to […]