What may happen if Congress doesn’t act

A person holds a sign reading ‘Save Our Social Security’ in support of fair taxation near the U.S. Capitol in Washington, D.C. on April 10, 2025. Tax justice advocates attended a rally to speak out against President Trump’s tax cuts for the wealthy, and to urge members of Congress to intervene. Bryan Dozier | Afp…

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More low- and middle-income Americans are investing: report

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…

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5 takeaways from Trump’s State of Union address

President Donald Trump delivered a nearly two-hour State of the Union address on Tuesday, focusing largely on the economy that he declared was set to boom.  The president delivered the signature annual address as he sees his poll numbers on the economy plummet ahead of the 2026 midterms, which loom less than nine months away….

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What to know for 2025 tax season

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…

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Student loan Parent PLUS borrowers face forgiveness deadline

Parents who took out student loans for their child’s education could be excluded from affordable repayment plans and loan forgiveness programs in the coming months if they don’t take certain steps soon, consumer advocates warn. “I’m hearing a lot of anxiety from parents about losing access to income-driven repayment plans,” said Kathleen Boyd, a certified…

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Few employers are doing so

Lechatnoir | E+ | Getty Images Employers don’t appear eager to mix their 401(k) plans with emergency savings options for workers, new research suggests. Although companies have been permitted since 2024 to allow $1,000 emergency withdrawals from retirement savings and to offer 401(k)-linked emergency savings accounts, there’s been little adoption, according to a Vanguard report…

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