When Supplemental Security Income (SSI) was first implemented 50 years ago, the maximum monthly benefit was $140 per individual. Fast forward to 2024, and the maximum monthly benefit has only increased to $943 for individuals, which is still well below the federal poverty level of $1,255 per month. The average monthly benefit for individuals remains
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As the 2025 deadline for the expiration of the tax breaks enacted by former President Donald Trump via the Tax Cuts and Jobs Act of 2017 approaches, both President Joe Biden and Trump have promised to extend these tax breaks for the majority of Americans. These tax breaks include lower federal income brackets, higher standard
Apple users will soon have the ability to utilize buy now, pay later loans from Affirm for their purchases, the two companies revealed on Tuesday. This collaboration will make Affirm an option for U.S. Apple Pay users on their iPhones and iPads later this year, as shared by the San Francisco-based fintech company in an
The cost of maintaining a home in the United States has been steadily increasing, adding to the already expensive process of buying a house. Recent data from Bankrate.com reveals that the “hidden costs” of homeownership now amount to an average of $18,118 annually, translating to $1,510 per month. These expenses encompass property taxes, homeowners insurance,
The United Auto Workers (UAW) President, Shawn Fain, is currently under investigation by a federal court-appointed watchdog, Neil Barofsky. The investigation aims to uncover whether Fain has abused his power as the union president and if there have been any acts of corruption within the union’s leadership. The court filing reveals accusations of obstruction and
Delta Air Lines recently announced its plans to introduce premium economy service on its transcontinental flights starting in September. This move is part of the airline’s strategy to cater to customers who are willing to pay extra for enhanced comfort and perks during their travel experience. Premium economy has become a popular class of service
The current state of the real estate market shows that home equity is at near all-time highs. In the first quarter of 2024, U.S. mortgage holders saw their total home equity surpass $17 trillion, coming close to the record set in the third quarter of 2023. This increase in home equity has been largely attributed
Recently, a panel of independent advisors to the Food and Drug Administration recommended Eli Lilly’s Alzheimer’s drug donanemab for full approval in the United States. This recommendation marks a significant milestone in the fight against Alzheimer’s disease, offering new hope to patients and their families who are impacted by this devastating condition. Alzheimer’s disease affects
Disney’s theme parks have always been a place of magic and wonder, but as times change, so do the attractions. Recently, there has been a shift towards incorporating more relevant and fan-favorite intellectual properties into the existing rides and theme parks. One of the most exciting developments is the transformation of Splash Mountain into Tiana’s
Stock market crashes are not new phenomena in the history of the financial markets. Understanding the key elements that have historically led to crashes is crucial in predicting and preparing for the next crash. One of these elements is a frothy stock market, characterized by significant rallies before a crash. The Panic of 1907 and