Over 74 million Americans are expected to receive a cost-of-living adjustment, or COLA, from Social Security in 2024 to account for inflation. The boost in monthly Social Security payouts including necessities like food, shelter, medicinal products, and dental care is the positive aspect a lot of seniors were looking for. An essential part of Social…
The White House has spent much of the summer setting out its economic argument in speeches, appearances, and memos, all in preparation for Biden’s reelection effort in 2024. According to the president, Bidenomics 101 is about building the economy “from the middle out and bottom up” rather than top down. It is set in contrast to…
The Biden administration launched a beta application for its new student loan repayment plan, providing borrowers an early opportunity to join the program. The SAVE plan is an income-driven repayment program or IDR, that ties a borrower’s monthly payment to their income, lessening their financial load. However, IDRs have had several significant drawbacks, such as enabling interest…
This initiative comes as a replacement after the U.S. Supreme Court rejected Biden’s earlier proposal for student loan forgiveness in June. The Biden Administration has introduced a new income-driven student loan repayment plan known as the SAVE Plan According to CNN’s report via ABC 11, the student loan repayment plan has the potential to significantly…
This move comes just a month after the Supreme Court rejected their initial proposal. The White House has initiated a new attempt at a student debt forgiveness plan, launching a test website called the Saving on a Valuable Education (SAVE) Plan The Department of Education announced that the SAVE Plan website is now accepting applications,…
Neel Kashkari acknowledged the economy’s resilience and the low unemployment rate of 3.6%. Neel Kashkari, the president of the Federal Reserve Bank of Minneapolis, recently appeared on “Face the Nation” to share his insights on the current state of the U.S. economy and the potential impact of inflation on the labor market In the interview,…
Here’s why a federal student loan borrower will expect to have a complicated payment restart following different loan service providers. New Loan Service Providers Will Complicate Payment Restart More for a Federal Student Loan Borrower Having new and different loan service providers will reportedly complicate the payment restart more for a federal student loan borrower…
How does reducing a student loan EMI help in saving more money amidst financial struggles? Reducing Student Loan EMI Will Save Loan Borrowers from Financial Struggles and Here’s Why Loan borrowers aim to reduce their student loan EMI or the Equivalent Monthly Installment to save them from the financial struggles they have been experiencing, as…
The Social Security Administration pays its recipients millions of dollars each month. Some of them are either disabled individuals or retired workers. While the day of payout is tied to the recipients’ birthdays, the precise quantity given depends on every individual’s circumstances. The payment is made on the second Wednesday of the month for individuals…
Many municipal governments rely heavily on property taxes as their principal source of funding. They are also a considerable annual expense for homeowners. Even if you have paid off your mortgage, you will receive a property tax bill. Your property tax assessment serves as the beginning point for that bill. You’ll have a better sense…