The Biden administration’s new relief program, known as SAVE, has placed federal student loan borrowers into an administrative forbearance. This means that eligible borrowers will not have to make any payments on their debt while the legal battle involving SAVE plays out. The program is designed to provide relief to millions of borrowers who are
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The National Institute on Retirement Security conducted a survey that revealed a concerning statistic – only 11% of non-retirees know exactly how much Social Security benefits they are set to receive. The research showed that 24% are unsure, while 22% have no idea at all. This lack of awareness raises red flags among the population
With the U.S. presidential election on the horizon, many investors are experiencing increased anxiety about the potential effects on the stock market. According to a survey conducted by the American Psychiatric Association, 73% of individuals are feeling anxious about the upcoming election. This heightened sense of uncertainty can lead to impulsive decisions that may disrupt
Recent data from ZipRecruiter shows that job seeker confidence hit a new low in Q2 of 2024. This decline suggests that workers are becoming more pessimistic about their prospects of finding their desired jobs. The job market, which was once booming with record-high job openings and historically low unemployment rates, now seems to be cooling
As we delve into the economic forecast for the upcoming year, it becomes evident that many workers will face a decrease in their annual pay raise. The projected average increase for 2025 is 4.1%, down from the 4.5% seen in the previous year. This data is based on a survey conducted by WTW, a consulting
Despite the data indicating a robust U.S. economy, a significant portion of Americans hold the belief that the country is currently experiencing a recession. According to a survey conducted by Affirm with 2,000 adults, 3 in 5 respondents expressed concerns about the economic climate. These individuals pointed to rising costs and increased financial difficulty as
With President Joe Biden no longer in the running for the next election, all eyes are on Vice President Kamala Harris as the frontrunner for the Democratic nomination. Although Harris has not yet released a detailed economic agenda, experts believe that some of her tax policies may align with Biden’s proposals, focusing on increasing taxes
As Gen Xers are entering the age milestones that allow them penalty-free access to their retirement funds, it is important to consider the implications of such withdrawals. While individuals aged 59 1/2 or older can withdraw money from their IRAs and 401(k)s without penalty, it is crucial to exercise caution. Ed Slott, a certified public
In today’s world, popular music often serves as a mirror reflecting the prevailing economic and social conditions. Despite the current economic indicators pointing towards a robust economy with low unemployment rates and expansion, recent hits in the music industry paint a starkly different picture. Artists like Taylor Swift and Beyoncé have captured the prevailing sentiment
With former President Donald Trump securing the Republican presidential nomination, there is an increased focus on Project 2025, a comprehensive policy plan put forth by The Heritage Foundation and over 100 other conservative organizations. This plan, outlined in the “Mandate for Leadership” document, aims to bring about significant changes to the U.S. income tax system,