Trump tariff effects on back-to-school shopping for 2025

A variety of school supplies, including lunch boxes and backpacks in different colors and patterns, are on display for the upcoming school year. Deb Cohn-Orbach | UCG | Universal Images Group | Getty Images Although inflation is cooling, President Donald Trump’s new tariff rates are threatening to drive prices higher, which could leave some parents in a bind…

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Trump’s ‘big beautiful bill’ cuts SNAP for millions of families: Report

People shop at a grocery store in Manhattan, New York City, on April 1, 2025. Spencer Platt | Getty Images Republicans’ “big beautiful” reconciliation package includes tax cuts that policy researchers have found primarily benefit the wealthy.  To help pay for that, the legislation also includes “substantial” cuts to the Supplemental Nutrition Assistance Program, or…

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How to get started with ‘revenge savings’

Americans are saving more money — and for some, the change in habit comes down to how they feel about the economy. More than 4 out of 10 Americans, or 44%, say they’ve engaged in so-called vibe-based budgeting, according to a new survey by Intuit Credit Karma. In other words, they have adjusted their financial…

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