In 2025, millions of borrowers are logging into their loan accounts only to find a frustrating reality— their student loan balances have grown instead of shrinking. But why is this happening? From interest accrual to changing policies, several factors are contributing to this increase. Here’s a breakdown of what’s driving the growth and how you…
On Wednesday, February 12, 2025, millions of Americans will see their Social Security benefits hit their bank accounts. If you’re wondering whether you’re among them, here’s what you need to know. Who’s Eligible for the February 12 Payment? The Social Security Administration (SSA) follows a structured payment schedule to ensure funds are distributed efficiently. For…
If you’re approaching your 65th birthday, understanding what you’ll pay for Medicare in 2025 is key to managing your healthcare budget. Medicare has multiple parts—each with its own costs, including premiums, deductibles, and coinsurance. Let’s break it down in simple terms so you know exactly what to expect. Medicare Part A (Hospital Insurance) Most people…
There’s been a lot of chatter about possible cuts to Social Security benefits, leaving many retirees wondering if their monthly checks are safe. While no immediate cuts have been confirmed, discussions in Washington could signal changes for future retirees. Here’s the latest on what’s happening and who could be affected. What’s Driving the Talk of…
The latest 25% tariff on steel and aluminum imports, announced by President Donald Trump, is officially here—and it’s set to cause some serious sticker shock. The tariff, which went into effect on March 4, 2025, is part of an effort to boost American manufacturing. However, it’s also likely to raise prices on a range of…
If you’re relying on Social Security to cover your expenses, here’s an update you’ll want to know. Experts are predicting that the 2026 Cost-of-Living Adjustment (COLA) for Social Security benefits could be around 2.1%. This comes after a slightly higher 2.5% adjustment in 2025. The projection comes from the Senior Citizens League (TSCL), an advocacy…
For retirees considering remarriage, it’s important to know how saying “I do” again could impact your Social Security checks. Depending on the type of benefits you’re receiving, remarrying could either leave your payments untouched or cause a significant change. Let’s break down what happens based on the different types of benefits: If You Receive Retirement…
In a financial shift that’s raising alarms, credit scores have taken a dip in every U.S. state over the past year. Experts are linking this trend to increasing debt, missed payments, and rising credit card balances as Americans grapple with inflation and the rising cost of living. Credit Scores Drop Nationwide Between the third quarter…
Many taxpayers are in for a pleasant surprise as the IRS begins issuing automatic $1,400 stimulus payments to individuals who missed out on claiming the Recovery Rebate Credit. If you’re wondering whether you’re eligible or how to track the payment, here’s what you need to know. Why Are Payments Being Sent Now? The $1,400 stimulus…
In a recent announcement, the White House laid out its tax priorities, raising eyebrows by leaving out any mention of expanding the Child Tax Credit (CTC). For many families who have relied on this critical financial aid in the past, the omission signals potential challenges ahead. Why the Child Tax Credit Matters The CTC has…