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The Social Security Administration announced that the cost-of-living adjustment (COLA), which is an increase in social security benefits to counteract inflation, increased by 1.3% for 70 million Americans on Social Security and Supplemental Security Income. By Josephine Nesbit When Social Security Runs Out: What the Program Will Look Like in 2035Learn More: 17 Tips To Live Comfortably Off Just a Social Security Check The estimated average monthly benefit increased by $20 per month for 2021, reports CNBC....

President Joe Biden has dug deep into his bag of tricks to deal with the surging price of gasoline in the United States, from tapping into emergency oil reserves and floating the idea of a federal gas tax holiday to urging oil companies to ramp up production. Now Biden and other lawmakers are considering sending a federal gas rebate check to Americans. By Vance Cariaga Stimulus Update: When $1,050 California Gas Tax Rebate Checks Will Reach ResidentsJuly 4 Gas Prices May Hit Historic High: Travel Tips for Independence Day Weekend...

The Supreme Court announced it will hear a second case on President Joe Biden’s student loan forgiveness program in February, according to court filings, while millions of borrowers await their fate. By Yaёl Bizouati-Kennedy See: 25 Sneaky Car Dealership Tricks To Avoid at All CostsFind: 5 Things You Must Do When Your Savings Reach $50,000 This will be the second case the Supreme Court will hear, as the administration had turned to the Supreme Court on Nov....

Global supply chain troubles are finally beginning to show signs of easing, but retail executives are saying that they don’t expect operations to return to normal until next year. Strong consumer demand, ongoing port congestion, truck driver shortages and higher global freight rates still stand in the way of a full recovery. On top of that, extreme weather and COVID-19 outbreaks could threaten to congest supply chains once again. By Josephine Nesbit Thanksgiving Travel: Gas Cost by Vehicle as 84% Drive Due to Cancelled Flights and COVID Find: 5 Thanksgiving Foods You May Need To Substitute Due to Supply Chain Shortage...

Financial advice is easy to come by these days, thanks to the proliferation of people with opinions on television shows and the internet. And once a particular piece of advice catches on, it tends to spread from commentator to commentator. One of the most popular of these financial “truisms” is that there is a difference between “good debt” and “bad debt.” Supposedly, “bad debt” is to be avoided at all costs, while “good debt” is nothing to worry about....

Social Security was created at a time when the average life expectancy in America was just 51 to 65 years, depending on sex and race. At that time, living to age 80 was much less common than it is today, which is one of the many reasons that modifications to the program are a constant topic of discussion. By John Csiszar Good Question: Can I Draw Social Security at 62 and Still Work Full Time?...

While the U.S. does not have a robust national healthcare system the way many developed countries do, it does have several programs that can help certain groups cover their healthcare costs. More than 80 million are enrolled in Medicaid in the U.S., and nearly 90 million are enrolled in both Medicaid and Children’s Health Insurance Programs (CHIP). By Bob Haegele Retirement at Any Age: Get Retirement Tips That Fit Every Stage of Life Learn: What Is the Average Social Security Benefit at Age 62?...

The coronavirus pandemic changed many things for U.S. workers, including how they connect with their teams and where they work. Tech workers, especially, learned to adapt to a remote workforce and a shift in locations of corporate headquarters. The latest change? A decline in salaries for tech workers in what were previously some of the highest paying markets, including New York and San Francisco. By Dawn Allcot See: Dream of Living Abroad?...

Regions Bank operates throughout the South and Midwest and provides customers with everything from traditional bank accounts to credit cards and mortgage loans. By Alicia Bodine Routing Numbers by State About Routing Numbers Wire Transfers How To Find Yours Whether you’re a Regions customer or need to complete a transaction with someone else who’s a Regions customer, you’ll need to find the routing number associated with the bank to complete certain transactions....

YouTube said it intends to “expand its ecosystem” and is looking at adding NFT features to help support the work of creators. In a Jan. 25 letter to address economic and technological priorities for 2022 shared to its website, YouTube CEO Susan Wojcicki wrote that the business is “looking further ahead to the future and have been following everything happening in Web3 as a source of inspiration to continue innovating on YouTube....

Women face extra challenges when working toward building wealth. Not only do they tend to earn less than men, but taking time off from work (or reducing their schedules) to raise children or care for aging relatives makes it more difficult for them to save for the future — even though they may need a larger nest egg to help cover their longer life expectancies. By Kimberly Lankford Women and Money: The Complete Guide To Being a Financially Savvy FemaleListen: Live Richer Podcast: Secrets to Financial Freedom...

Retiring after 40 years with one company and living comfortably with your pension or 401(k) is now a dream of the past. Chances are, you’ve switched jobs at least once during your adult life and if you’ve had trouble keeping an eye on your old employer-sponsored retirement account, such as a 401(k), you aren’t the only one. By Josephine Nesbit See: 4 Ways to Keep Your 401(k) on Track for SuccessFind: Here’s How Much You Should Have in Your 401(k) Account, Based on Your Age...

Hollywood and the world were saddened by recent news of the death of legendary actress Betty White, who passed away due to natural causes, per Fox News, on Dec. 31. She was 99. By Jennifer Taylor Fans of the late actress may be interested in looking back at her contributions to the entertainment industry, personal life and fortune. See: Judge Judy, Betty White and 48 More of the Richest Stars Over 70 Find: Here’s How Much Jennifer Aniston and Other Actors Get Paid for Their Reruns...

You want to buy an awesome gift off your childhood friend’s wedding registry. And you want something equally great to wear to the wedding – but your big commission check won’t be coming for a few weeks. As you stare at the items in your online shopping cart, pondering whether to whip out your credit card and take the plunge, you see the words on your screen: Buy Now, Pay Later....

With interest rates quickly increasing and prices soaring due to inflation, accumulating credit card debt is among one the biggest regrets for Americans. A new survey finds that one in five people would rather let someone read through their text messages than show them their credit history. By Yaёl Bizouati-Kennedy The survey from Upgraded Points finds that 35% of respondents said they immediately regretted a credit card purchase. In addition, 24% say they would rather go to the dentist than share their credit history with their partner....

Betting on sports has become almost as popular as the sports themselves for some Americans. In August 2020 alone, people in the U.S. bet as much as $2.1 billion on sporting events. At the same time, more states are legalizing sports betting, and that brings into focus the necessity of reporting it on your tax return. By Bob Haegele Advice: 3 Tricky Tax Filing Issues — And How To Handle ThemTax Day 2022: When Are the First and Last Days To File?...

The federal income tax extension filing deadline is Oct. 15. Those filers who needed more time to complete their returns had to file Form 4868 with the IRS earlier in the year to request an extension to file until Oct. 15, said Linda O’Brien, a legal analyst with Wolters Kluwer Legal and Regulatory U.S. With that extended deadline just around the corner, here is what filers need to know and have ready when filing their return....

One reason the Federal Reserve raised its benchmark interest rate by 0.5 percentage points on Wednesday — the largest hike in more than two decades — is to toss cold water onto the raging-hot U.S. housing market and keep home prices from rising even further. By Vance Cariaga Read: 9 Bills You Should Never Put on AutopayCheck Out: How To Get Rich With a Normal Job The idea is that as mortgage rates increase, many potential homebuyers will sit on the sidelines....

The FTX debacle is just at its nascent stages, yet troubles keep on piling up; while the untangling of the bankruptcy proceedings might take a while, the damage is spreading fast. By Yaёl Bizouati-Kennedy The Future of Finances: Gen Z & How They Relate to Money Learn: 5 Things You Must Do When Your Savings Reach $50,000 Amid conspiracy theories, angry investors, former CEO Sam Bankman-Fried’s incessant and cryptic tweeting, and accumulating lawsuits that now include celebrities such as Tom Brady and Kevin O’Leary, it’s hard to keep up with what seems like the biggest catastrophe in recent financial history....

It’s peak travel season, with droves of Americans headed home for the holidays. Gen Zers will be among those Americans. About half of the demographic plans to travel home this yuletide, according to a new study by Credit Karma. But many members of this particular population won’t be bearing the brunt of those travel costs. The same study by Credit Karma found that approximately 41% of Gen Zers expect their parents or other family members to pay for their travel accommodations....