Category Personal Finance

In November, some Americans will receive two Social Security payments, a rare occurrence resulting from a scheduling quirk in the system. Typically, the Social Security Administration (SSA) sends out one payment each week, with regular Social Security checks being delivered…

US banks are tightening their belts as they face increasing difficulty collecting on debts, particularly in the areas of credit cards, auto loans, and commercial real estate. According to data from the Federal Reserve, the share of past-due debt in…

Former President Donald Trump’s economic proposals, including promises to eliminate taxes on Social Security benefits, tips, and overtime, could significantly weaken Social Security’s financial stability, according to a recent report by the Committee for a Responsible Federal Budget. The nonpartisan…

The Supplemental Nutrition Assistance Program (SNAP), a crucial financial lifeline for millions of low-income families in the U.S., is expected to see a significant increase in 2025 thanks to the annual Cost-of-Living Adjustment (COLA). This adjustment is designed to help…

One of the key features of Social Security is the annual cost-of-living adjustment (COLA), designed to help retirees keep pace with inflation. As prices have soared in recent years, these annual raises have been a lifeline for many. In October,…

In early 2023, a curious event unfolded at the U.S. Treasury Department—a mysterious $7 billion estate tax payment appeared on February 28, vastly exceeding the typical daily estate tax collections. This unusually large sum sparked a hunt for the source…

The prime minister and chancellor are reportedly considering changes to inheritance tax as part of the upcoming Budget on October 30, according to the BBC. While the details of these potential changes are still unclear, they could mean more people…

Billionaire investor Stanley Druckenmiller has admitted to one of his biggest recent regrets: selling his entire stake in Nvidia. Months after offloading the stock, Druckenmiller now says he wishes he hadn’t, acknowledging the missed opportunity as Nvidia’s value continues to…

Millions of Americans who rely on Supplemental Security Income (SSI) will experience an unusual schedule this year, receiving two payments in November but none in December. This is due to a calendar quirk that affects how payments are distributed. Why…

The government is planning to raise more money through inheritance tax in the upcoming Budget, according to reports from the BBC. While the exact details are not yet clear, changes to inheritance tax rules are being considered by Prime Minister…