Personal

The Social Security Administration is currently facing a crisis with a “record-breaking backlog” of open cases, which is leading to approximately $1.1 billion in projected improper payments to beneficiaries. A recent report from the Social Security Administration Office of the Inspector General highlighted that the backlog of pending actions has reached an all-time high of
0 Comments
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
0 Comments
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
0 Comments
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
0 Comments