The recent fears of a looming U.S. recession have reignited concerns about the efficacy of the unemployment benefits system. Experts warn that the system, which crumbled under the weight of the Covid-19 pandemic, remains ill-equipped to weather another economic storm. Michele Evermore, a senior fellow at The Century Foundation, has been vocal about the system’s
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The southeastern U.S. was hit with torrential rains and flash floods from Hurricane Debby, emphasizing the importance of flood insurance coverage for homeowners. While many may assume that flood insurance provides comprehensive coverage for all damage, it’s crucial to understand the limitations, particularly when it comes to basements. Peter Kochenburger, an insurance expert, warns that
The Biden administration’s new affordable repayment plan, known as SAVE, is facing a significant roadblock due to numerous legal challenges. The program, officially named the Saving on a Valuable Education plan, has garnered attention for its promise of being the most affordable student loan plan to date. However, the implementation of SAVE has been put
Former President Donald Trump recently reiterated his proposal to remove taxes on Social Security benefits for seniors. While this plan may seem appealing to many retirees, policy experts warn that it could have serious repercussions on the long-term sustainability of Social Security and Medicare trust funds. By eliminating this tax, Trump’s plan could potentially accelerate
The latest statistics released by the Federal Reserve Bank of New York paint a concerning picture – Americans now collectively owe a staggering $1.14 trillion in credit card debt. This represents a significant increase from previous years, with the average balance per consumer sitting at $6,329, up by nearly 5% compared to last year. Delinquency
The issue of taxing Social Security benefits has gained bipartisan attention in recent years, with proposals at both the federal and state levels. While Former President Donald Trump has advocated for exempting Social Security from federal income taxes, Minnesota Governor Tim Walz has signed state legislation to achieve a similar goal. However, there are key
The recent data on unemployment rates in July has raised concerns among economists due to the significant increase in marginally attached workers. These are individuals who are willing and available to work but have not actively searched for employment in the four weeks leading up to the survey. The fear is that these workers may
Vice President Kamala Harris and Second Gentleman Douglas Emhoff’s personal financial records have come under scrutiny as Harris runs for the highest office in the United States. Analysis of their tax filings reveals that they have maintained a fairly basic financial strategy during Harris’ tenure as vice president. While this approach may have simplified their
In today’s digital age, social media has become a powerful tool for influencing consumer behavior. The constant barrage of products and services advertised by influencers on platforms like Instagram and TikTok can be overwhelming. As a consumer, it’s easy to get caught up in the allure of these promotions and end up spending more than
Planning a wedding can be an exciting but expensive endeavor. One of the major factors that significantly impacts your budget is the number of guests you invite to your ceremony and reception. According to The Knot 2023 Real Weddings Study, the average cost of a wedding in 2023 was $35,000, which is a $5,000 increase