A recent ruling by the 8th U.S. Circuit Court of Appeals has put a temporary stop to the implementation of the Biden administration’s new student loan repayment plan, also known as SAVE. This decision has sparked concerns and uncertainties among borrowers who were expecting relief under this plan. The Saving on a Valuable Education (SAVE)
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Social Security is facing a looming crisis that requires immediate attention. The program’s trust funds are projected to run out by 2033, leaving only a fraction of benefits payable. Both President Joe Biden and former President Donald Trump have pledged not to cut benefits, but doubts remain about the sustainability of the program. The 2024
The Social Security Administration is rolling out updates to its online services, and it is crucial for account holders to take action. If you created your online “my Social Security” account before Sept. 18, 2021, you will soon need to transition to a Login.gov account to access online Social Security services. These accounts provide access
In recent years, there has been a concerning trend in workplace engagement where employees are disengaged or actively seeking ways to be disconnected from their work. According to a 2023 Gallup poll, only one-third of full- and part-time employees are actively engaged in their work, while 50% are not engaged, and another 16% are actively
Rentvesting is a unique approach to real estate investment where individuals rent their primary residence in one city while purchasing an investment property elsewhere to rent out. This strategy allows individuals to enter the property market without the burden of high home prices in their current location. According to Danielle Hale, chief economist at Realtor.com,
The Biden administration has been facing continuous legal challenges in its efforts towards student loan forgiveness. Despite rolling out the Saving on a Valuable Education (SAVE) plan, lawsuits filed by Republican-led states like Arkansas, Florida, and Missouri have partially suspended it. This ongoing legal battle has created uncertainty for student loan borrowers seeking relief. The
Deflation in the U.S. economy has significantly decreased since its peak two years ago. The measure of deflation indicates how quickly prices are falling for consumer goods or services, in contrast to inflation, which measures the rate at which prices are increasing. Economists point out that much of the deflation over the past year can
The U.S. Department of the Treasury and the IRS recently announced a significant achievement in collecting more than $1 billion in tax debt from high-income individuals over the past year. This marked a major milestone for the agency as they continue to crack down on tax evasion among the wealthiest Americans. With new funding totaling
Over the past decade, there has been a noticeable decline in the share of people with medical debt in collections on their credit reports. A 2023 study by the Urban Institute revealed that in 2013, 19.5% of Americans had medical debt in collections, which dropped to just 5% in 2023. These figures demonstrate a positive
With the upcoming presidential election between President Joe Biden and former President Donald Trump, many investors are feeling nervous about what the outcome could mean for their money. A survey conducted by investment company Betterment found that 57% of investors are feeling anxious about the election, with 40% expecting to change their investments based on