The current state of the U.S. unemployment benefit system is worrisome, with experts expressing concerns about its ability to withstand another economic downturn. The system, which provides temporary income support to laid-off workers, faced significant challenges during the Covid-19 pandemic, revealing cracks that had been present for years. These challenges include massive technology failures, administrative
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Living in states prone to hurricanes can be challenging, especially when it comes to the threat of flooding. Hurricane Debby recently wreaked havoc in the southeastern U.S., leaving homeowners scrambling to deal with the aftermath of heavy rains and flash floods. While many homeowners may have purchased flood insurance to protect their properties, there is
The Biden administration’s latest student loan repayment plan, known as SAVE, has faced a multitude of legal challenges that have put the program on hold indefinitely. The White House revealed that approximately 8 million individuals are currently enrolled in the Saving on a Valuable Education plan. Despite being hailed as the most affordable student loan
Former President Donald Trump has recently reiterated his plan to eliminate taxes on Social Security benefits for seniors. While this proposal may seem beneficial on the surface, policy experts have raised concerns about the potential impact it could have on the Social Security and Medicare trust funds. Trump’s proposal, if implemented, could potentially deplete these
Recent reports from the Federal Reserve Bank of New York and TransUnion have revealed some alarming statistics regarding credit card debt in America. The total credit card debt in the country has reached a record high of $1.14 trillion, with the average balance per consumer standing at $6,329. This represents a 4.8% increase year over
As more retirees struggle to make ends meet, there has been growing bipartisan support for exempting Social Security benefits from income taxes. This issue has gained attention in the 2024 election cycle, with Former President Donald Trump proposing a federal tax exemption and Minnesota Governor Tim Walz implementing state legislation in partnership with Vice President
The latest data on the U.S. labor market has raised concerns among economists, as the number of marginally attached workers has been steadily increasing. These workers, as defined by the Bureau of Labor Statistics, are individuals who are willing and able to work but have not actively searched for employment in the past four weeks.
As Vice President Kamala Harris is running for the highest office in the United States, her personal financial records have come under fresh scrutiny. In reviewing recent tax filings, experts suggest that Harris and her husband, Second Gentleman Douglas Emhoff, have maintained a simple financial strategy during her tenure as vice president. Expert Analysis According
In today’s digital age, social media plays a significant role in shaping consumer behavior and influencing purchasing decisions. Platforms like Instagram, TikTok, and Facebook are flooded with sponsored posts and influencer marketing that encourage users to buy products they may not necessarily need or afford. The constant bombardment of advertisements can lead to impulsive spending
Weddings are often considered one of the most important and memorable days in a person’s life. However, they can also come with a hefty price tag. From meals to invitations to favors, many wedding expenses are directly tied to the number of guests invited. According to The Knot 2023 Real Weddings Study, the average cost