Ascentxmedia | E+ | Getty Images About 75 million Americans will see a 2.8% cost-of-living adjustment to their Social Security and Supplemental Security Income benefits in 2026. The increase is expected to add $56 per month on average to Social Security retirement benefits, according to the Social Security Administration. But other changes — particularly a…
The Disability Awareness Council in Chapel Hill, North Carolina, assists individuals with disabilities in the community, offering aid ranging from transportation to housing advocacy. But for now, many services are on hold. “Because of the shutdown and cuts, core disability services that people rely on every week are either paused, reduced or running with unpaid…
Jasondoiy | E+ | Getty Images The Social Security cost-of-living adjustment will be 2.8% in 2026, the Social Security Administration said on Friday. Social Security retirement benefits will increase by about $56 per month on average starting in January, according to the agency. The COLA provides an annual adjustment to both Social Security and Supplemental…
Americans may feel somewhat removed from the Federal Reserve, but the central bank’s moves have a ripple effect on many types of consumer products, most notably the credit cards in their wallet. Nearly half of American households have credit card debt and pay more than 20% in interest, on average, on their revolving balances —…
Jon Morgan, co-founder of business consulting firm, Venture Smarter, was mentoring a Gen Z entrepreneur when he noticed something strange about her life and the one she portrayed online. His 23-year-old mentee had spent 1½ years crafting a luxury travel persona — one that suggested she was living a $500,000-a-year lifestyle, he said. In reality,…
Credit card balances are ticking higher in 2025, according to a new quarterly report on household debt from the Federal Reserve Bank of New York. Balances rose by $27 billion in the second quarter to a collective $1.21 trillion — in line with last year’s all-time high. The total is up 2.3% from the previous quarter. At…
Ahead of next week’s Federal Reserve meeting, relations between President Donald Trump and Fed Chair Jerome Powell have hit a low. “Families are being hurt because Interest Rates are too high,” Trump wrote in a Truth Social post on Wednesday. Trump has said he wants the Fed to sharply lower interest rates by as much as 3 percentage points to…
Ahead of the next Federal Reserve meeting later this month, tensions between the White House and the central bank have reached a fever pitch. On Wednesday, a senior White House official told CNBC and other news outlets that President Donald Trump was likely to soon fire Fed Chair Jerome Powell. Trump later denied those reports, although he said he…
President Donald Trump‘s massive tax and spending package will bring sweeping changes to federal student loans, in part by capping how much money people can borrow from the federal government to pay for college and graduate school. Among other measures, the legislation, which Trump has called the “one big, beautiful bill,” sets new limits for students and their…
