A recent study conducted by the National Institute on Retirement Security revealed that only 11% of non-retirees are fully aware of the exact amount of Social Security benefits they can expect to receive. The majority of Americans, approximately 46%, do not have a clear idea of their benefit amounts. This lack of awareness can have
Personal
As the U.S. presidential election approaches, experts predict that stock market volatility may increase, leading to heightened anxiety among investors. A recent survey by the American Psychiatric Association revealed that 73% of individuals are feeling anxious about the upcoming election. This anxiety can prompt investors to make impulsive decisions, such as moving their investments or
Employees are facing a challenging time with the state of the job market, as job seeker confidence has hit its lowest point in over two years. A recent quarterly survey by ZipRecruiter revealed this decline, indicating that workers are feeling more pessimistic about their prospects of securing their desired jobs. This shift in sentiment comes
As we look forward to 2025, many workers are gearing up for a disappointing reality – a smaller annual raise. According to a recent poll by WTW, a consulting firm, the typical worker can expect a 4.1% pay raise next year, down from 4.5% in the current year. This decrease comes as a surprise to
Despite the fact that the U.S. economy appears to be thriving by many standards, there is a prevailing perception among Americans that the country is currently in a recession. According to a recent survey conducted by Affirm, approximately 60% of respondents believe that the U.S. has been in a recession since March of the previous
As President Joe Biden exits the election scene, all eyes are on Vice President Kamala Harris, who is now the frontrunner for the Democratic nomination. While Harris has not yet provided a detailed outline of her economic agenda, experts predict that her tax policy proposals may mirror Biden’s stance on higher taxes for the wealthy
As Gen Xers start to hit age milestones that grant them penalty-free access to certain retirement funds, it is crucial for them to weigh the pros and cons of tapping into these accounts. With the eldest members of this generation turning 59 this year, they are now able to withdraw money from their IRAs and
As the world faces various challenges in today’s socioeconomic landscape, pop music continues to serve as a reflection of the collective sentiments and emotions of society. While data may suggest a positive economic outlook with expanding economies and low unemployment rates, recent hits in pop music paint a different picture. Artists like Taylor Swift and
As former President Donald Trump secures the Republican presidential nomination, both political parties are eyeing Project 2025, a multi-pronged policy plan created by conservative think tank The Heritage Foundation as a collective effort with more than 100 other right-leaning organizations. If enacted, the plan could overhaul the U.S. income tax system and revamp the IRS,
Recently, the Consumer Financial Protection Bureau (CFPB) proposed a new interpretive rule aimed at regulating paycheck advance programs. These programs, also known as earned wage access, have gained popularity among workers in recent years as an alternative way to access their paychecks before the actual payday. The proposal suggests that such programs should be classified