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
Westend61 | Westend61 | Getty Images Some young people are splashing out on luxuries like travel and designer clothes instead of saving, in a trend that’s being characterized as “doom spending” on social media. Doom spending is when a person mindlessly shops to self-soothe because they feel pessimistic about the economy and their future, according … Read more
Cavan Images | Cavan | Getty Images House lawmakers in Washington have the signatures they need to force a vote on a bill to eliminate rules that reduce Social Security benefits for certain retirees who also receive pension income. On Thursday morning, Reps. Abigail Spanberger, D-Va., and Garret Graves, R-La., marked the 206 signatures a … 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
Timothy Armoo, co-founder and former CEO of Fanbytes. Tim Armoo. Timothy Armoo, a co-founder and former CEO of influencer marketing firm Fanbytes, is not what you might expect from a multi-millionaire. He doesn’t own any mansions — or property at all — saying he prefers to spend some of his money on eclectic investments, ranging … 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
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
Visitors walk during a long-duration heat wave impacting much of California on July 9 in Death Valley National Park, California. Mario Tama | Getty Images News | Getty Images Amid surging summer heat, the earth reached a new hottest day on record on July 22. That day, the global average temperature was almost 63 degrees … Read more
There’s a 40% chance President Joe Biden will not seek reelection, according to Stifel. Brian Gardner, the firm’s chief Washington policy strategist, is out with a research note that calls it a “make or break week” for the president’s campaign as Congress returns from its Fourth of July recess. “There’s a 60% chance, more likely … Read more
Republican presidential candidate former U.S. President Donald Trump and Democratic Party presidential candidate U.S. President Joe Biden speak during a presidential debate in Atlanta, Georgia, U.S., June 27, 2024 in a combination photo. Brian Snyder | Reuters The future of Social Security and Medicare may be greatly impacted by whoever occupies the White House following … Read more
