Trump’s ‘No Tax on Tips’ Deduction Raises Questions over Eligibility and Enforcement
President Donald Trump’s newly enacted tax legislation, described as the “big beautiful bill,” features a high-profile section titled “no tax on tips.”
Jul 22, 2025
Edduin Carvajal
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U.S. Consumer Hit with $1,170 Tariff Fee on Furniture Order amid Rising Import Costs
A San Francisco man was shocked when his online furniture purchase triggered a $1,170 fee upon delivery — a vivid example of how U.S. tariffs on imports are increasingly burdening consumers.
Jul 19, 2025
Majority of Workers Unlikely to Reach $1 Million Retirement Goal, Survey Finds
Despite expecting to need over $1 million for a comfortable retirement, only 30% of U.S. workers believe they will reach that milestone, according to a new survey by investment firm Schroders.
Jul 15, 2025
U.S. Travelers Face Stronger Costs Abroad Despite Cheaper Flights
American travelers heading to Europe this summer may find flight prices more affordable than in previous years, but once they land, they’re confronting significantly higher costs due to a weakened U.S. dollar and ongoing global economic uncertainties.
Jul 12, 2025
‘Revenge Saving’ Emerges as New Trend amid Economic Uncertainty, Survey Finds
Amid growing concerns about the economy, more Americans are redirecting their financial habits from post-pandemic splurging to intentional saving — a shift financial experts are calling “revenge saving.”
Jul 09, 2025
Senate GOP’s ‘One Big Beautiful Bill’ Would Cut Aid to Low Earners, Benefit the Wealthy, Yale Report Finds
A sweeping legislative package backed by Senate Republicans would reduce incomes for low-income households while increasing those of higher earners, according to a Yale Budget Lab analysis released Monday.
Jul 05, 2025
Debt Pressures Driving u.s. Workers to Second Jobs and Career Trade-Offs, Surveys Reveal
A growing number of American workers are making career decisions based on their debt levels, with many turning to second jobs or compromising on career preferences to manage their financial obligations, according to new survey data.
Jul 01, 2025
Medicaid Cuts Remain in GOP Budget Bill Despite Partial Senate Rejection
Despite a partial ruling from the Senate parliamentarian, several contentious Medicaid reforms in the Republican-backed “One Big Beautiful Bill Act” remain intact, raising concerns among policy experts about the potential impact on coverage for millions of Americans.
Jun 27, 2025
Majority of Women Investors Feel Financially Confident but Regret Delayed Start, Survey Finds
A recent survey conducted by Charles Schwab reveals that while 90% of women investors believe they are on track to meet their financial goals, a significant majority — 85% — regret not starting their investment journey sooner.
Jun 27, 2025
Trump Administration to Phase Out FEMA, Raising Concerns over Disaster Recovery Aid
The Trump administration has announced plans to begin phasing out the Federal Emergency Management Agency (FEMA) following the 2025 hurricane season, prompting concern among disaster preparedness experts over the future of federal emergency aid.
Jun 26, 2025
Trump-Backed Car Loan Tax Break Would Mostly Benefit Luxury Buyers, Experts Say
A proposed tax break championed by former President Donald Trump and recently passed by House Republicans could allow Americans to deduct up to $10,000 in car loan interest—but economists say few drivers would benefit substantially unless they purchase ultra-expensive vehicles.
Jun 26, 2025
Coming off Parents’ Cell Phone Plan Seen as Key Adulthood Milestone, Survey Finds
A majority of Americans now consider taking over one’s own cell phone bill a significant marker of adulthood, according to a new nationwide survey conducted by AT&T.
Jun 25, 2025
Congressional Bill Proposes First-Ever Federal Medicaid Work Requirements
A sweeping legislative proposal titled the “One Big Beautiful Bill Act” is moving through Congress with a provision that could lead to millions losing Medicaid coverage due to new work requirements.
Jun 25, 2025
Republican Tax Bills Target Clean Energy Incentives for Elimination by 2026
House and Senate Republicans are advancing legislation that would eliminate a wide range of consumer tax credits tied to clean energy beginning in 2026, including incentives for electric vehicles and home energy efficiency upgrades.
Jun 24, 2025
Nearly Half of Americans Say Six-Figure Salary Needed to Live Comfortably, Survey Finds
Nearly half of U.S. adults now believe they need to earn at least $100,000 annually to live comfortably, according to a new survey released by Bankrate.
Jun 23, 2025
GOP Budget Bill Could Increase Medical Debt by $50 Billion, Affecting Millions: Report
Proposed federal health-care cuts under the Republican-backed “One Big Beautiful Bill Act” could add as much as $22,800 in medical debt per family and push total U.S. medical debt up by $50 billion, a new report from think tank Third Way reveals.
Jun 23, 2025
On-Time Payments Alone Won’t Guarantee Credit Score Boost, Experts Warn
Financial experts are cautioning consumers that simply paying bills on time may not be enough to improve their credit scores, despite widespread belief to the contrary.
Jun 20, 2025
Credit Card APRs Continue to Climb Despite Fed Rate Pause
Consumers face rising borrowing costs as banks shield against credit risk. Despite the Federal Reserve holding interest rates steady since December, credit card annual percentage rates (APRs) are climbing to record highs, driven by lender concerns over consumer risk.
Jun 20, 2025
Senate Proposes $6,000 Tax Deduction for Seniors in Revised GOP Tax Bill
The Senate has unveiled its version of the One Big Beautiful Bill Act, proposing a temporary $6,000 tax deduction for seniors aged 65 and older—an increase from the $4,000 deduction passed by the House.
Jun 19, 2025
Social Security Retirement Trust Fund May Be Depleted by 2033, Trustees Warn
The Social Security retirement trust fund may run out of money by 2033, according to the annual report released Wednesday by the Social Security Board of Trustees. At that point, only 77% of scheduled retirement benefits would be payable.
Jun 19, 2025
Senate GOP Tax Bill Offers Car Loan Interest Deduction, Excludes Used Vehicles
Senate Republicans on Monday unveiled a sweeping multitrillion-dollar tax proposal that includes a provision to allow taxpayers to deduct auto loan interest from their taxable income — but only for new vehicles.
Jun 18, 2025
Republican Student Loan Bill Proposes Major Overhaul, Raises Concerns over Borrower Hardship
A sweeping Republican proposal to reform the federal student loan system has sparked alarm among consumer advocates, who warn that the plan would significantly increase repayment burdens and prolong debt for millions of borrowers.
Jun 18, 2025
Experts Warn of Little-Known Credit Card Practice That May Jeopardize Accounts
Consumers who repeatedly max out and repay credit cards to increase spending power may face account closures and credit score damage, analysts caution.
Jun 17, 2025
Dynamic Pricing Transforms Cost of Summer Visits to U.S. Attractions
Admission prices at museums, zoos, and aquariums increasingly vary by day, time, and demand. A trip to the zoo this summer might cost $47 — or something quite different tomorrow.
Jun 17, 2025
Senate GOP Student Loan Plan May Trigger Wave of Defaults, Experts Warn
A Senate Republican proposal to overhaul student loan repayment could lead to a dramatic increase in borrower defaults, according to higher education advocates.
Jun 16, 2025
Federal Reserve Expected to Hold Interest Rates Steady amid Political Pressure
Consumers may see continued strain on borrowing costs as Fed resists calls for rate cut. The Federal Reserve is widely anticipated to leave its benchmark short-term interest rate unchanged this week, despite increasing political pressure and persistent economic concerns.
Jun 16, 2025
Republican ‘Big Beautiful’ Bill Offers Tax Boosts but Cuts Aid for Low-Income Families and Children
The House-passed reconciliation package known as the One Big Beautiful Bill Act proposes sweeping changes to family financial support, but analysis shows low-income families and children could face significant losses.
Jun 13, 2025
Summer Fridays Lose Ground as Employers Prioritize Hybrid Flexibility
Despite being workers’ top summer perk, summer Fridays are on the decline amid a shift to hybrid work models, according to workplace experts and new research.
Jun 13, 2025
Suburban Rental Surge Reshapes U.S. Housing Landscape
A new analysis by rental market research firm Point2Homes reveals that between 2018 and 2023, rentership increased by at least five percentage points in 11 of the 20 largest suburban regions surrounding major U.S. metro areas.
Jun 12, 2025
Education Department Sought Treasury's Help Managing Student Loans, Court Records Reveal
The U.S. Department of Education had planned for the Treasury Department to assist in managing the nation’s $1.6 trillion federal student loan portfolio, according to court documents filed Tuesday.
Jun 12, 2025
Trump-Backed Spending Bill Could Tighten Access to Low-Income Tax Credit
A provision in the House-passed “One Big Beautiful Bill Act,” backed by former President Donald Trump, could impose new hurdles for Americans claiming the Earned Income Tax Credit (EITC), a key benefit for low-income workers.
Jun 11, 2025
Trump’s $1,000 Baby Bonus Plan Draws Mixed Reactions from Experts
A Republican-led tax and spending proposal featuring a $1,000 federally funded baby bonus through new “Trump Accounts” is advancing in Congress, drawing both praise and skepticism from policy and financial experts.
Jun 11, 2025
Supreme Court Grants DOGE Access to Social Security Data in Controversial Ruling
The U.S. Supreme Court on June 6 allowed the Department of Government Efficiency (DOGE) to access personal data from the Social Security Administration (SSA), affecting millions of Americans, as part of an ongoing legal battle over privacy and government oversight.
Jun 10, 2025
Harvard-Trump Visa Dispute Poses $180 Million Economic Risk to Boston, Analysis Shows
A mounting legal and political battle between Harvard University and the Trump administration over international student enrollment could have sweeping economic consequences for the Greater Boston area, according to a new analysis.
Jun 10, 2025
Career Experts Warn of Slow Job Market Amid Low Unemployment Rates
Hiring stalls despite stable layoff levels, making job search difficult for graduates and experienced workers alike. The U.S. job market is proving challenging for job seekers, particularly recent college graduates, as employers reduce hiring at a pace not seen in over a decade.
Jun 09, 2025
Borrowers Report Interest Accrual Despite Federal Promise of Interest-Free Forbearance
Errors in student loan servicing raise concerns as balances grow under SAVE plan protections. Despite federal assurances of interest-free relief, some borrowers enrolled in the Saving on a Valuable Education (SAVE) plan are reporting unexpected increases in their student loan balances.
Jun 09, 2025
Experts Warn of Rising Tariff Scams Amid Shifting Trade Policies
As new U.S. tariff policies take effect, cybersecurity experts are warning that scammers are exploiting the confusion to launch fraudulent schemes targeting consumers.
May 30, 2025
Trump Targets Harvard Funding, Elevates Trade Schools in Education Debate
Trade schools and vocational programs may benefit from a growing clash between the White House and Harvard University, as President Donald Trump signals a push to divert federal funds toward alternative education pathways.
May 30, 2025
Trump Administration Lifts Crypto Restrictions in 401(K) Plans, Reversing Biden-Era Policy
The Trump administration on May 28 rescinded guidance issued under President Biden that urged caution around adding cryptocurrency and digital assets to 401(k) retirement plans, easing the path for employers to offer such investments.
May 29, 2025
House GOP Budget Plan Proposes Expanded Tax Break for Pass-Through Businesses
House Republicans have introduced a sweeping budget proposal that would permanently extend and expand a key tax deduction for millions of small business owners, freelancers, and gig economy workers.
May 29, 2025
International Tourism to the U.S. Declines, Potential Economic Losses Estimated in Billions
International tourist spending in the United States is projected to fall by $8.5 billion in 2025, marking a 5% decline from the previous year, according to a recent report by Oxford Economics.
May 28, 2025
Financial Experts Offer Guidance for Recovering from ‘Maycember’ Overspending
Packed with graduation celebrations, prom expenses, end-of-year school events, and summer camp payments, “Maycember,” a blend of May and December, mirrors the financial intensity of the holiday season.
May 28, 2025
House GOP Bill Proposes Historic Medicaid and SNAP Cuts, Expanding Work Requirements
The House of Representatives has passed a budget bill that includes unprecedented cuts to Medicaid and the Supplemental Nutrition Assistance Program (SNAP), potentially reducing or eliminating benefits for millions of low-income Americans.
May 27, 2025
House Republicans Advance Sweeping Tax and Spending Bill Impacting Household Finances
House Republicans have advanced a sweeping multitrillion-dollar tax and spending package that could significantly reshape federal tax policy, social safety net programs, and student loan rules if enacted.
May 27, 2025
Amid Market Volatility, Experts Advise Strategic 529 Plan Withdrawals as Tuition Bills Come Due
As college tuition payments loom, financial experts are urging families to carefully plan withdrawals from their 529 savings accounts, especially in light of recent market volatility.
May 26, 2025
New Homeowners Urged to Review Property Tax Assessments for Potential Long-Term Savings
Newly minted homeowners may have an opportunity to cut long-term housing costs by reviewing the accuracy of their property tax assessments, according to real estate experts.
May 26, 2025
New College Graduates Face Tight Job Market amid Federal Cuts and Economic Uncertainty
Recent college graduates are entering a job market marked by rising unemployment, fewer openings, and heightened competition, according to recent data and labor market experts.
May 16, 2025
Stagflation Concerns Rise amid Economic Uncertainty, Experts Advise Consumer Caution
The U.S. economy remains in a “strong position” according to the Federal Reserve, but risks of stagflation—marked by high inflation, rising unemployment, and slowed growth—are mounting, officials and analysts warn.
May 15, 2025
Senator Warns Medicaid Work Requirements Could Strip Coverage from Millions
Democratic Senator Raphael Warnock is raising concerns over proposed Medicaid work requirements, warning they could strip health-care coverage from millions of Americans.
May 14, 2025
FTC Mandates Upfront Ticket Pricing in New Rule Aimed at Transparency
The Federal Trade Commission (FTC) has issued a new rule requiring ticket sellers to display total prices — including all mandatory fees — upfront, a move experts say increases transparency but is unlikely to reduce overall costs for consumers.
May 13, 2025