Category Personal Finance

The upcoming 2025 Social Security cost-of-living adjustment (COLA), while intended to help beneficiaries keep pace with inflation, presents both advantages and challenges for retirees. Good News: Larger Monthly Payments: The 2025 COLA will result in increased Social Security checks, providing…

The Senior Citizens League (TSCL) has revised its forecast for the Social Security cost-of-living adjustment (COLA) for 2025 to a modest 2.5%, down from the 3.2% increase seniors received in 2024. This anticipated smaller adjustment is raising concerns, particularly as…

Credit cards offer a host of benefits, from earning rewards to providing security on purchases. But what if you have a card you’re not using? Should you keep it or close the account? Let’s explore both sides of the argument…

The Supplemental Nutrition Assistance Program (SNAP) is a federal initiative aimed at helping low-income individuals and families in the tri-state area access nutritious food. How Does SNAP Work? Previously known as food stamps, SNAP benefits are now distributed through a…

As healthcare costs continue to soar, medical industry analysts now predict that health plan expenses will rise by at least 5.8% in 2025. “It might only increase by 6% for larger companies, but I’m seeing jumps of 10%, 20%, and…

Republican presidential nominee Donald Trump’s proposal to lower the U.S. corporate tax rate from 21% to 15% would disproportionately harm the bottom half of the nation’s income distribution while benefiting those at the top, according to a Thursday analysis by…

The Social Security Administration (SSA) has announced that the next Supplemental Security Income (SSI) payment will be released in less than 24 hours. All SSI recipients will receive their payments on the same day, though the amount will differ depending…

Upcoming Supplemental Security Income Payments for Seniors and Individuals with Disabilities On October 1, seniors aged 65 and older, along with individuals who are disabled or blind, will receive a new Supplemental Security Income (SSI) payment, according to Vibes.okdiario. Approximately…

How much do you need to earn each year to feel financially secure—not wealthy, just comfortable? For many young Americans, the answer is surprisingly high. A recent survey by Bankrate found that on average, Gen Zers and millennials believe they…

Managing a Sudden Inheritance: How to Build Wealth and Avoid Pitfalls For those living paycheck to paycheck, receiving an unexpected inheritance can feel like winning the lottery, especially if it’s more than anticipated. In today’s economy, inheritances aren’t guaranteed, and…