For many young Americans, dating is becoming as much about finances as it is romance. Half of single Americans surveyed said they are going on fewer dates or choosing less expensive activities because of rising costs, according to BMO Financial Group’s 2026 BMO Real Financial Progress Index. The bank polled 2,501 adults in late December through…
A customer pumps gas into their vehicle on Oct. 24, 2025 in Miami, Florida. Joe Raedle | Getty Images The Social Security cost-of-living adjustment for 2027 could climb higher as new government data shows a jump in inflation and gasoline prices, according to one new estimate. The cost-of-living adjustment, or COLA, could be 3.2% in…
Alistair Berg | Digitalvision | Getty Images Older Americans stand to benefit from tax changes in President Donald Trump’s “big beautiful bill,” which went into effect for 2025. “What is the one group of people who are going to be benefiting most from tax changes in the past year? It’s almost certainly going to be…
SEC Commissioner Hester Peirce is indicating an openness to work with Wall Street on emerging exchange-traded fund products tied to cryptocurrencies and tokenization. “We want to work with people on new products,” Peirce said during an exclusive interview this week with “ETF Edge” host Dominic Chu. “It really is a come in and talk to…
A mobile billboard with an image of Jeff Bezos calls for higher taxes on the ultrawealthy, in Washington, May 17, 2021. Drew Angerer | Getty Images In 2026, earnings up to $184,500 are subject to Social Security payroll taxes. As of Monday, individuals with $1 million in annual wage and salary earnings have stopped paying…
Skaman306 | Moment | Getty Images Even as many consumers feel stretched to cover rising daily costs, more low- and moderate-income individuals have turned to investing, according to a new report. Since 2020, the number of low- and moderate-income investors has increased by 2.7 times, or 167%, according to new research from the BlackRock Foundation, the private…
Skynesher | E+ | Getty Images New laws enacted in 2025 may have a big impact on how much Social Security beneficiaries pay in taxes this season. On Jan. 5, 2025, President Joe Biden signed the Social Security Fairness Act, a law that ended provisions that reduced or eliminated Social Security benefits for more than…
Carl Smith | Fstop | Getty Images Social Security benefits are typically adjusted every year to keep up with rising prices. Social Security beneficiaries saw record-high COLAs in 2022 and 2023, when the annual increases climbed to 5.9% and 8.7%, respectively. Yet as the pace of inflation subsided, the size of the annual COLA increase…
Cavan Images | Cavan | Getty Images At the start of 2025, during President Joe Biden’s final weeks in office, lawmakers pushed forward with last-minute major legislation that provides Social Security benefit increases to certain public pensioners. The Social Security Fairness Act was passed with an overwhelming bipartisan majority in both the House and Senate,…
People line up outside the Social Security Administration office in San Francisco. Getty Images Social Security, the federal social insurance program that millions of Americans rely on for income, faces a shortfall in funding it counts on from its trust funds. But that doesn’t mean the program is going bankrupt or will be entirely unable…
