The recent announcement of tariffs on key trading partners by the Trump administration has ignited extensive discussions among economists regarding their potential impact on the U.S. economy. Effective tariffs—25% on imports from Canada and Mexico and 10% on goods from China—have raised significant concerns not only about rising prices for consumers but also about the
Personal
In 2025, retirees will receive their Social Security benefits with an adjusted cost-of-living increase of just 2.5%. This figure marks the lowest annual adjustment since 2021, translating to approximately an additional $50 per month for recipients on average. While the increase is a welcome modification, many retired individuals are questioning its sufficiency amidst ongoing inflation
Tariffs have been a hot-button issue in American economic policy, often stirring up debates among policymakers, economists, and the public alike. As President Donald Trump prepares to impose tariffs on imports from Canada, Mexico, and China, significant economic implications loom on the horizon. Although proponents argue that tariffs can protect American industries, an overwhelming consensus
The rental market landscape is witnessing a notable change, particularly favoring renters. As of December, the median asking rent price in the United States has decreased slightly, marking a shift in dynamics that could benefit those looking for a place to live. The median rent price now stands at $1,695, reflecting a 0.5% decrease from
Navigating the complexities of tax credits can be daunting for many families, particularly when it comes to the child tax credit (CTC). Every year, millions of households rely on this financial benefit to ease the burden of raising children. However, filing mistakes can not only delay tax returns but also hinder timely access to refunds
Mergers and acquisitions (M&A) are prevalent in the corporate world and can significantly impact not just the companies involved but also their employees. While corporate leaders often focus on balance sheets and strategic alignments, employees are left to navigate the uncertainties that come with the shifting landscape of their jobs and benefits. Among the most
As tax season unfolds, millions of Americans are preparing to file their returns. This year, the tax landscape presents a myriad of options and considerations that could significantly impact the experience for average taxpayers. With an anticipated 140 million individual tax returns expected by the April 15 deadline, understanding the nuances of tax filing is
Millennials, often labeled in pejorative terms such as lazy or entitled, have historically faced skepticism regarding their financial acumen and life choices. Yet, recent data reveals a transformation in their economic standing that contradicts these outdated stereotypes. As of 2022, millennials have accumulated a staggering wealth of approximately $15.95 trillion, a significant increase from just
In the current economic landscape, young adults are grappling with significant financial stress, a reality highlighted by a recent survey from Intuit. More than 61% of individuals between the ages of 18 and 35 report feeling financially strained. Alarmingly, this stress is not just a static issue; a sizable 21% of respondents experienced an increase
As the political landscape evolves in the United States, particularly with the commencement of President Donald Trump’s second term, it becomes crucial for older investors to re-evaluate how these changes may ripple through their financial ecosystems. With a significant proportion of middle-aged Americans feeling unprepared for retirement, attention is drawn not only to immediate policy