Social Security beneficiaries can breathe a sigh of relief, at least until 2035, as the latest report from trustees of the program suggests. The funds are projected to last a year longer than previously expected, ensuring full benefits until then. However, the looming threat of benefit cuts still persists unless Congress intervenes. The Trustees’ Report … Read more
Millions of Americans in Ohio are gearing up for an unexpected financial boost in March, as they stand to receive an additional paycheck, but only if they meet specific criteria. This windfall comes as a result of the unique timing of Leap Year, presenting eligible workers with an extra paycheck opportunity. The eligibility criteria for … Read more
A recent study published by the National Bureau of Economic Research sheds light on the correlation between claiming age and the average Social Security benefits received by retirees in the United States. The study reveals that while the majority of new retirees opt to claim their benefits early, doing so often results in leaving potential … Read more
Taxpayers across America may have reason to anticipate larger refunds this year, as a tax expert predicts historic increases due to inflation. Mark Steber, Chief Tax Information Officer at Jackson Hewitt, explained that families whose incomes did not outpace inflation are likely to benefit. Steber emphasized that these projections are not mere speculation but based … Read more
Shanghai/Beijing, January 22: In response to the sharp decline in China’s A shares, major state-owned banks have taken proactive steps to stabilize the yuan and counter negative market sentiment. The benchmark Shanghai Composite index recorded its most significant one-day drop since April 2022, falling 2.7% on Monday. Sources with knowledge of the matter revealed that state-owned … Read more
Capital One, a major financial institution, has recently come under scrutiny after a student customer revealed the abrupt closure of their account due to a recurring payment mistake. The incident sheds light on the broader trend of account closures affecting customers across various banks, sparking concerns about the potential impact on credit scores and future … Read more
The Special Supplemental Nutrition Program for Women, Infants, and Children (WIC) Faces Funding Crisis In a recent announcement, the U.S. Department of Agriculture (USDA) has issued a warning about a potential $1 billion shortfall in its budget for the Special Supplemental Nutrition Program for Women, Infants, and Children (WIC). This program, vital for almost 40% … Read more
In a recent Reddit post, a distressed recent graduate shared their unsettling experience after discovering their bank account closure without prior notice. The user, grappling with postgraduate job loss since June, faced an unexpected setback when their mother attempted to deposit money into their account, only to be informed that it had been closed. The … Read more
Act 114 Mandates Incremental Raises Leading to $18 per Hour by 2028 In a move aimed at enhancing the financial well-being of workers, the Hawaiʻi State Department of Labor and Industrial Relations (DLIR) has announced a scheduled increase in the minimum wage. Effective January 1, 2024, the minimum wage will rise to $14 per hour, … Read more
Streamlining Your Tax Filing Experience with the IRS’s Online Services As the 2024 tax season looms on the horizon, it’s time to consider optimizing your filing process. With just over three months until the tax day deadline, creating an online IRS account can offer a convenient and efficient way to manage your tax-related information. Here’s … Read more