The southeastern U.S. states recently experienced heavy rains and flash floods due to Hurricane Debby. While homeowners may have flood insurance to protect their property, many are unaware of the limitations that come with it. Flood insurance usually does not cover personal property or items stored in basements, leaving policyholders frustrated and surprised. In the
Personal
Former President Donald Trump’s proposal to eliminate taxes on Social Security benefits for seniors might seem beneficial on the surface, but policy experts are warning that it could have severe consequences for the future of Social Security and Medicare trust funds. By repealing the tax, it is estimated that the federal budget deficit could increase
Recent reports from the Federal Reserve Bank of New York and TransUnion have revealed a concerning trend in the United States – credit card debt is on the rise. Americans collectively owe a staggering $1.14 trillion on their credit cards, with the average consumer carrying a balance of $6,329, marking a 4.8% increase year over
Retirees are finding it increasingly difficult to make ends meet as they struggle to afford basic necessities. The issue of exempting Social Security from income taxes has gained bipartisan support across the political spectrum. This has become a point of contention in the 2024 election, with Former President Donald Trump proposing a federal policy and
The latest data on unemployment rates for the month of July has revealed a concerning trend that has caught the attention of many economists. The Bureau of Labor Statistics has identified a group of workers known as marginally attached workers. These individuals are willing and available to work, but have not actively searched for a
Vice President Kamala Harris’ financial decisions are currently receiving attention as she embarks on a campaign for the presidency of the United States. Financial experts have analyzed her recent tax filings and concluded that while her financial approach during her vice presidency years was simple, it may have resulted in missed opportunities for tax savings
In today’s society, the influence of social media on consumer behavior cannot be ignored. The constant bombardment of sponsored posts and influencer recommendations has led many individuals to make impulse purchases that they may not necessarily need or afford. This has created a culture of overconsumption and excess, leaving many feeling drained and overwhelmed. The
Planning a wedding can be an overwhelming experience, especially when it comes to managing the guest list. With the average cost of a wedding ceremony and reception on the rise, it is essential to find ways to cut costs without sacrificing the quality of your special day. One effective way to save money on your
As job seekers continue to face challenges in the labor market, experts have identified red flags that suggest a downward trend in job growth. According to Nick Bunker, Economic Research Director for North America for Indeed Hiring Lab, the soft landing in the U.S. labor market is now in danger. The latest data from the
Jenny Hunnicutt, a travel enthusiast and consultant, recently embarked on a 274-night cruise aboard Royal Caribbean’s Serenade of the Seas. This unique journey allowed her to work remotely while traveling the globe, presenting an enticing opportunity for individuals like her in a post-pandemic world. While onboard the cruise ship flying a Bahamas flag, American passengers