The landscape of higher education in the United States is undergoing a seismic shift. Despite a rise in eligibility for federal financial aid, particularly through Pell Grants, fewer high school graduates are making the transition to four-year colleges. This paradox leaves many educators, policymakers, and economists wondering about the implications for the future of higher
Personal
The Internal Revenue Service (IRS) has recently disclosed significant updates regarding federal income tax brackets and standard deductions for the year 2025. These changes will take effect for tax returns filed in 2026 and could have considerable implications for taxpayers across various income levels. Understanding these modifications is crucial for effective tax planning and financial
As the holiday season approaches, Americans are poised for a spending spree that could reach an astonishing $989 billion, marking an increase from previous years. The National Retail Federation’s projections highlight a 2023 trend that indicates consumers are willing to splurge on gifts even as credit card debt looms over them, surpassing $1.14 trillion. This
In recent years, many American households have found themselves in a precarious financial situation, exacerbated by skyrocketing prices and surging interest rates. The dual pressures of an increasing cost of living and heightened borrowing costs have forced many to rely more heavily on credit. A recent report by Bankrate indicates that approximately 37% of credit
As the political landscape shifts with upcoming presidential elections, concerns about how these dynamics will influence personal finance are becoming increasingly palpable among investors. However, a pressing issue looms larger than electoral outcomes: public debt. A recent survey conducted by Natixis Investment Managers reveals that an overwhelming 68% of U.S.-based financial advisors identify public debt
Exchange-traded funds (ETFs) have become a staple in investment portfolios, primarily known for their passive investment strategies that track market indices. However, the financial landscape is witnessing a notable shift as actively managed ETFs are on the rise. Traditionally representing only a small fraction of the overall ETF market, actively managed funds have been gaining
The U.S. retirement system is facing considerable scrutiny as it falls short compared to its international counterparts. With a disappointing C+ grade and a rank of 29 out of 48 in the Mercer CFA Institute Global Pension Index for 2024, it is evident that the governance of retirement resources in the United States requires significant
As millions of Social Security beneficiaries look forward to the 2.5% cost-of-living adjustment (COLA) slated for January 2025, the implications of this increase are more nuanced than the figures might suggest. While the increase appears substantial on the surface, understanding the broader context of Social Security benefits, calculations, and individual circumstances is essential for beneficiaries
As of 2025, heirs inheriting individual retirement accounts (IRAs) will face crucial changes in the way they manage these assets, particularly non-spousal beneficiaries. Financial experts stress the importance of not only taking required minimum distributions (RMDs) on these accounts but also crafting a comprehensive tax strategy to optimize the benefits of the inheritance. This new
As America faces a growing retirement savings crisis, the landscape for retirement planning is beginning to shift due to legislative changes embodied in the Secure Act 2.0. While many workers are lagging in their retirement savings, provisions introduced in this act, particularly those that will take effect in 2025, aim to enhance the ability of