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.
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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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Average 401(K) Savings Rate Hits Record High of 14.3%, Fidelity Reports
The average 401(k) savings rate in the U.S. has reached a historic high, climbing to 14.3% of income when accounting for both employee and employer contributions, according to a new report from Fidelity Investments.
House GOP Bill Threatens Health Coverage for Millions, Cbo and Policy Experts Warn
Millions of Americans could lose health insurance under the House Republicans’ sweeping tax and spending legislation, the One Big Beautiful Bill Act, according to analyses by the Congressional Budget Office (CBO) and independent health policy experts.
Denmark Raises Retirement Age to 70, Prompting Debate over U.S. Policy Shift
Denmark will raise its public pension retirement age to 70 by 2040, setting the highest retirement threshold in Europe and sparking renewed discussion over whether the United States might pursue a similar path.
Millions of Seniors May Face Long Drives Under New Social Security Policy
A new Social Security Administration (SSA) policy requiring in-person visits for direct deposit changes is expected to result in nearly two million additional visits to local field offices annually, prompting concerns over accessibility for elderly and disabled beneficiaries.
Social Security Benefits Spared from Student Loan Collections, but Wage Garnishment Set to Resume
The Trump administration has postponed plans to garnish Social Security benefits from defaulted student loan borrowers, while wage garnishments are expected to resume later this summer, according to the U.S. Department of Education.
Trump-Backed Tax Bill Could End Salt Deduction Workaround for Some Business Owners
A House-approved Republican tax bill could eliminate a widely used state tax workaround for certain pass-through businesses, drawing concern from industry groups and tax policy experts.
U.S. Travelers Plan Frugal Summer Vacations amid Economic Uncertainty
Despite an increase in the number of Americans planning leisure vacations this summer, many are cutting back on spending due to economic concerns, according to a new report from Deloitte.
Senate Eyes Changes to Child Tax Credit in Debate over Trump’s Tax and Spending Bill
As the Senate prepares to debate President Donald Trump’s sweeping multi-trillion-dollar tax and spending proposal, possible changes to the child tax credit are emerging as a key point of discussion.
House Passes Sweeping Tax and Spending Bill; Senate Changes Expected
House Republicans have passed a sweeping multitrillion-dollar tax and spending bill that enacts many of former President Donald Trump’s priorities, setting the stage for a contentious Senate debate expected to reshape key provisions.
Social Security Checks May Shrink in June as Student Loan Garnishments Resume
Some Social Security beneficiaries may receive smaller checks this month, as the federal government resumes garnishing benefits from those in default on their student loans.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
House Republicans Approve Expanded Child Tax Credit in Budget Bill
House Republicans passed a new spending package on Thursday that includes an expansion of the child tax credit, raising the maximum benefit to $2,500 per child between 2025 and 2028.
House Approves Tax Bill Featuring $1,000 ‘Trump Accounts’ for Children
House lawmakers on Thursday passed President Donald Trump’s new tax bill, which includes a provision to create federally funded savings accounts for children, dubbed “Trump Accounts.”
GOP Tax Bill Targets EV and Green Energy Credits for Repeal by 2025
House Republicans are advancing a tax package that would eliminate key clean energy tax credits, including those for electric vehicles (EVs) and home energy-efficiency improvements, potentially forcing consumers to act quickly to claim the benefits before they expire.
GOP Tax Bill Proposes Historic Cuts to Food Stamp Program, Sparking Concerns over Hunger and Economic Impact
A new Republican-backed tax bill proposes sweeping changes to the Supplemental Nutrition Assistance Program (SNAP), potentially slashing the program’s funding by nearly 30%—a move experts say would mark the largest cut in the program’s history.
House GOP Tax Plan Proposes $4,000 Deduction for Seniors as Alternative to Ending Social Security Tax
House Republicans have introduced a proposal for a temporary $4,000 tax deduction aimed at seniors, as part of their “One, Big, Beautiful” tax bill. The deduction is positioned as a more cost-effective alternative to eliminating taxes on Social Security benefits.
Nearly 2 Million Student Loan Borrowers Face Delays as Repayment Plan Backlog Grows
The U.S. Department of Education has revealed a backlog of nearly 2 million income-driven repayment (IDR) plan applications, leaving federal student loan borrowers in limbo as they await approval or denial of their requests.
Student Loan Delinquencies Surge as Collections Resume, Raising Broader Financial Concerns
The delinquency rate for student loan balances has surged following the resumption of federal loan collections, raising concerns over broader financial instability, according to a recent report from the Federal Reserve Bank of New York.
Moody’s Downgrades U.S. Credit Rating, Raising Concerns over Consumer Borrowing Costs
Moody’s Investors Service downgraded the U.S. sovereign credit rating from Aaa to Aa1 on Friday, citing the growing burden of the federal government’s budget deficit. The move is expected to lead to higher borrowing costs for consumers across a range of financial products.
Experts Warn of Financial Strain as Long-Term Care Costs Rise
A growing number of Americans are unprepared for the high costs of long-term care, which experts say can exceed $100,000 and remain largely uncovered by health insurance or Medicare.
Student Loan Borrowers Face Wage and Benefit Garnishments as Collections Resume
Following a five-year pause, the Trump administration announced on April 21 the resumption of collection efforts on defaulted federal student loans, including wage garnishment, tax refund seizures, and reductions to Social Security benefits.
Homeowners May Secure Long-Term Savings by Appealing Property Taxes, Experts Say
As property taxes continue to rise across the U.S., experts advise that appealing an inaccurate assessment may result in substantial long-term savings for homeowners.
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.
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.
Student Loan Defaulters Face Social Security Garnishment of Up to 15% Under Renewed Collection Efforts
Social Security recipients who have defaulted on federal student loans may soon see a reduction in their monthly benefits, as the Trump administration resumes involuntary collection efforts.
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.
Social Security Cost-of-Living Adjustment for 2026 Projected to Be Lowest in Five Years
The Social Security cost-of-living adjustment (COLA) for 2026 is currently projected to be the lowest increase in five years, with early estimates pointing to a 2.4% rise in benefits, according to projections by policy analyst Mary Johnson and The Senior Citizens League.
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.
House Republicans Begin Tax Plan Debate: SALT Cap and Child Credit in Spotlight
House Republicans have officially launched debate over a sweeping tax package aligned with former President Donald Trump’s priorities, with key discussions centering on the state and local tax (SALT) deduction cap and expansion of the child tax credit.