Thomas Barwick | Digitalvision | Getty Images Big changes may be ahead for the U.S. economy between now and the end of the year. Investors can get ahead of those changes by taking steps to prepare now, experts say. The Federal Reserve last week slashed interest rates by 50 basis points, in a move expected … Read more
Moyo Studio | E+ | Getty Images The Federal Reserve announced a half percentage point, or 50 basis points, interest rate cut at the end of its two-day meeting Wednesday. And, naturally, some Americans will want to make the most of the central bank’s first rate cut since the early days of the Covid pandemic. … Read more
Skynesher | E+ | Getty Images Rare bipartisan momentum is growing in the House of Representatives to force a vote on a bill that would address a topic Congress typically avoids — Social Security. The bill — the Social Security Fairness Act — would repeal two rules that reduce Social Security benefits for workers and … Read more
Patchareeporn Sakoolchai | Moment | Getty Images Social Security beneficiaries have seen higher cost-of-living adjustments in recent years, prompted by record high inflation. Yet next year’s increase may not be as generous. Based on new government inflation data, beneficiaries may see just a 2.5% increase to benefits in 2025, estimates Mary Johnson, an independent Social … Read more
For months, economists have wrestled with the disconnect between how well the economy is doing and how badly people feel about their financial standing. Now, evidence suggests that the so-called vibecession, or that prolonged period of negative sentiment about the economy, appears to be ending, according to Michael Pearce, deputy chief U.S. economist at Oxford Economics. As inflation cools … Read more
Coupons have come a long way from Sunday circulars. And for consumers stretching to make ends meet, they are as indispensable as ever. Now, with online codes, browser extensions and money-saving apps, there are more ways to find significant discounts at any time — but how good the deals are still depends on the day. … Read more
Morsa Images | Digitalvision | Getty Images Retirees who are worried about the high costs of prescription drugs are set to get new relief starting in 2025. Starting in January, Medicare drug plan enrollees will have their annual out-of-pocket drug costs capped at $2,000. Between 2025 and 2029, on average, about 1.4 million participants in … Read more
Glowimages | Getty Images You may have never heard of National Public Data, yet your personal information may have been compromised in the company’s recent massive data breach. The background check company, which is owned by Jerico Pictures Inc., recently released details of the breach after a proposed class action lawsuit alleged 2.9 billion personal … Read more
Minnesota Governor and 2024 Democratic vice presidential candidate Tim Walz at the first day of the Democratic National Convention in Chicago on Aug. 19, 2024. Charly Triballeau | AFP | Getty Images Minnesota Gov. Tim Walz accepted the Democratic vice presidential nomination at the Democratic National Convention on Wednesday night. In his speech, Walz credited … Read more
JGI/Jamie Grill | Blend Images | Getty Images How people would handle a surprise $400 expense The Federal Reserve has found 13% of all adults would have been unable to pay for an unexpected $400 expense in 2023. Yet, JPMorgan Chase Institute finds the share of individuals who are unable to cover such an expense … Read more
