It’s officially the last Friday in August! That also means this is the last weekend in August. Check out today’s top financial stories before heading out, and keep cool this weekend.
By Heather Taylor
The Big Lead: Social Security Increase
If you’re retired and receiving Social Security, good news — more money could be on the way! Social Security benefits could increase by as much as $159 a month, per CNBC.
Read the full story here
Business Spotlight: SpaceX’s Starlink Partners With T-Mobile
SpaceX founder Elon Musk and T-Mobile CEO Mike Sievert announced a joint plan — Coverage Above and Beyond — to eliminate mobile dead zones by leveraging SpaceX’s Starlink constellation of satellites in low Earth orbit and T-Mobile’s wireless network.
More From Your Money: Choose a high-interest saving, checking, CD, or investing account from our list of top banks to start saving today.
That’s Interesting: IRS Will Refund $1.2B to Late Filers Who Struggled During Pandemic
In a move designed to help struggling taxpayers affected by the COVID-19 pandemic, the IRS will provide penalty relief to individuals and businesses who filed certain 2019 and 2020 returns late.
Bonus: Gen Z — The Future of Finances
Explore it here
