Tag: Finance
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Walmart Trash Bag Settlement: Reynolds’ $3 Million Payout Deadline Nears for Hefty and Great Value Recycling Bag Claims
The renowned household brand, Reynolds, entered into the settlement in September following a class-action lawsuit alleging that Hefty and Great Value “recycling” bags, despite their labeling, were not recyclable. Consumers who opted for Hefty or Walmart trash bags now face a looming deadline to claim their share of Reynolds’ recent $3 million settlement Plaintiffs contended…
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Biden Administration Unveils $5 Billion Student Loan Debt Relief Initiative, Impacting Over 80,000 Borrowers
The Education Department orchestrated these latest debt cancellations, aiming to assist around 80,300 borrowers. The Biden administration has declared the annulment of nearly $5 billion in student loan debt relief, marking a pivotal development for those enrolled in the income-driven repayment forgiveness and Public Service Loan Forgiveness programs This action propels the total student loan…
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Unclaimed Lottery Ticket Worth $25 Million Raises Urgency in New Orleans
The unclaimed lottery ticket, bought for $2, holds the lucky numbers 8, 9, 11, 14, 32, and 41, matching those drawn for the grand prize. In New Orleans, Louisiana, an unclaimed lottery ticket worth $25 million purchased at the Mid-City Winn Dixie before Thanksgiving remains a mystery Officials from the Louisiana Lottery are urgently appealing…
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Biden Administration Injects $6 Billion into High-Speed Rail Projects in the West, Propelling Future of Transportation
In a major move signaling the Biden administration‘s commitment to advancing high-speed rail, more than $6 billion will be allocated to propel two crucial electric rail projects in the U.S. West. U.S. senators from California and Nevada have revealed that $3 billion will be granted for a privately owned high-speed rail link connecting Las Vegas…
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Spousal Social Security Benefit Set to Increase in 2024: COLA Boosts Retiree Checks, but Disparities Remain
This increase extends beyond retired workers, as individuals claiming benefits on a worker’s record, including spouses, will also witness a growth in their checks. Retired individuals are set to receive an above-average boost in their spousal Social Security benefits, thanks to the latest cost-of-living adjustment (COLA) The average spousal social security benefit is poised to…
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Pew Research Center Report: Lower and Middle-Income Households Experience Surging Net Worth During Early Pandemic, But Widening Wealth Gap Persists
The median wealth of lower-income households surged by an impressive 101% between December 2019 and December 2021, while the middle class witnessed a substantial 29% growth. The Pew Research Center released on Monday, it was revealed that during the early stages of the COVID-19 pandemic, lower-income and middle-class households experienced a more rapid increase in…
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Strategic Roth IRA Conversions Unveiled: Navigating Tax Benefits for Maximum Retirement Income
In the realm of retirement planning, the Roth IRA has emerged as a key player, offering tax advantages that hinge on strategic decision-making. When considering a Roth IRA conversion, individuals must grapple with the inevitability of taxes A Roth IRA conversion entails transferring funds from pre-tax accounts like a 401(k) or IRA to a post-tax…
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Texas Announces Distribution of December Stimulus Checks to Aid Economic Struggles
The financial support comes at a crucial time as families grapple with ongoing economic difficulties despite a decline in inflation. Texas is set to distribute December Stimulus Checks on the 29th of the month, with checks scheduled to be mailed on the 28th While federal stimulus checks ceased a few years ago, more than 20…
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Urgent Countdown: Unclaimed Lottery Winning Tickets Worth Millions Await Claimants in Multiple States
The Mega Millions draw on November 21 yielded lottery-winning tickets, sold at Caba Grocery store in Perth Amboy, matching numbers 17, 22, 25, 30, and three. The clock is ticking as a staggering $1 million remains unclaimed in New Jersey, with lottery winning tickets set to expire if their rightful owners don’t step forward soon…
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California Tax Refund Benefits Millions Across the State
In a recent development, the U.S. Treasury has been disbursing California Tax Refunds to eligible taxpayers, providing much-needed financial relief.. These California Tax Refunds are granted when individuals have paid more taxes than required on their state or federal returns This often occurs when employers withhold excess amounts from employees’ paychecks or when self-employed individuals…