Davidson News

Davidson News

Social Security Benefits Safe Until 2035, But Congressional Action Urged

Social Security Benefits Safe Until 2035, But Congressional Action Urged

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

Ohio Workers to Receive Bonus Checks in March: What You Need to Know

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

Average Social Security Benefits Rise with Age, Study Finds

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

Inflation Boosts Anticipated Tax Refunds for Americans

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

China Takes Swift Measures to Support Yuan Amidst Stock Market Turmoil

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

USDA Warns of Potential $1 Billion Shortfall in WIC Budget; Implications for Mothers and Children

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

Hawaiʻi Minimum Wage Set to Increase to $14 on Jan. 1, 2024

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