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Next year, Social Security recipients will see the largest Cost of Living Adjustment ever. The 5.9% expected increase in benefits will come as an adjustment to the increased cost of living after a year of surging prices due to runaway inflation. By Georgina Tzanetos Senior Stimulus: Advocacy Group Proposes One-Time, $1,400 Payment for Social Security RecipientsLowering Your Expenses: How To Refinance a Mortgage Although the COLA will be 5.9%, it does not mean your monthly check will necessarily be almost 6% higher....

Stablecoins are increasingly under regulatory scrutiny. Just last month, the Treasury Department issued its long-awaited report on the assets, which, when “well-designed and subject to appropriate oversight have the potential to support beneficial payments options.” However, the report said that the absence of said oversight presents risks to users and the broader system. By Yaёl Bizouati-Kennedy See: 8 Best Cryptocurrencies To Invest In for 2021 Find: 10 Cheap Cryptocurrencies To Buy...

Thanks to the latest technology and offerings, consumers today have better access to financial markets than ever before. Phenomena like meme stocks, social media, the cryptocurrency explosion and the COVID-19 pandemic have brought more and more people — and their money — into the markets. Fifty-eight percent of Americans now say they own stock, according to Gallup data published in May 2022. By Scott Jeffries Overview Features and Services Fees Mobile App Experience Who Stash Is Best For Who Robinhood Is Best For See: 3 Things You Must Do When Your Savings Reach $50,000...

Gristedes Supermarkets chain owner and CEO John Catsimatidis said yesterday that inflation will affect grocery prices until October. By Yaёl Bizouati-Kennedy See: 5 Times Inflation Is Actually Good for Your FinancesFind: Consumer Confidence Hits Highest Point Since March 2020 Catsimatidis said he expected that “by October you’re going to have over a 6% annualized rate of inflation,” according to Fox Business. Last week, the Labor Department released its Consumer Price Index, showing the largest 12-month increase since a 5....

It’s not like Tesla shareholders needed another reason to worry about their investment, considering the electric vehicle maker’s slumping stock price and uncertain business outlook. Now comes word that Tesla has lost more than $500 million in value from its bitcoin investment during the current “crypto winter.” By Vance Cariaga Discover: Despite Fed Rate Hikes, Auto Refinancing Remains Competitive, New Study Says More: A Bear Market Can Benefit Investing Newbies – Here’s How...

If you traded, bought or sold cryptocurrency or non-fungible tokens (NFTs) in 2021, now is the time to familiarize yourself with the tax rules ahead of the Jan. 24 start of this year’s tax filing season. The good news is, a new service can make the process a lot easier this year than in the past. By Vance Cariaga See: Up-and-Coming Cryptocurrencies for 2022 Find: NFT Marketplaces Are Using Vampire Attacks & Cash Incentives to Battle for Supremacy...

During Women’s History Month, it’s important to take a close look at how women are faring financially in the workplace. Women are still trying to catch up to men’s earning power, still making only 82 cents to every $1 of men’s earnings, according to PayScale.com’s 2022 “Gender Pay Gap Report.” By Jordan Rosenfeld Women also suffer more severely from a phenomenon known as “the unemployment gap,” which shows that the longer a person goes without work, the less she will earn when she finally returns....

With stubborn inflation reflected in prices rising everywhere — even though it decreased to 7.7% in October — even high-income shoppers are looking for bargains and trying to stretch their dollars. With the consumer price index (CPI) food index rising 0.6% in October — a whopping 10.9% annually — it’s no wonder that even those with more money are turning to big-box retailers such as Walmart to buy groceries. By Yaёl Bizouati-Kennedy Good To Know: 9 Costco Brand Items That Aren’t Worth the MoneySee: 3 Easy Tips To Turn Your Credit Woes Into Wows...

While promotions are huge professional milestones, they are not always awarded evenly. Depending which industry you’re currently working in, as well as which city you reside in, you may find yourself falling behind when it comes to landing a desired raise. As it turns out, some sectors — as well as geographical locations — offer far greater promise for career advancement than others, a new LinkedIn report found. By Yaёl Bizouati-Kennedy Learn: 10 Things To Know Before You Ask For That Job PromotionFind: When To Consider Job-Hopping To Maximize Your Pay...

Every month, the U.S. Census Bureau releases a report called New Home Sales. The moment it arrives, investors, financial journalists, lawmakers, central bankers and economists begin poring over it in search of the secrets it contains — and not because they have any particular interest in residential construction. New Home Sales is one of the most important economic indicators. Like the unemployment rate, the GDP and all the other major indicators, economists use the New Home Sales report to look for clues about changes in the health and direction of the economy....

“Dark Money” might sound like the name of a fictional spy thriller, but in the world of politics, it has a very real and often controversial impact on elections — including this year, ahead of the 2022 midterm elections. By Vance Cariaga Learn: Can You Write Off a Political Donation?Discover: Can Politicians Use Their Own Money To Campaign? The term “dark money” refers to political spending in which the funding source is not disclosed....

When you invest — whether in stocks, real estate or cryptocurrencies — the fair market value of your investment could change hundreds or thousands of times before you sell it. Until you sell, your investment gains or losses are just on paper because you haven’t actually locked them in by cashing out. At this point, any change in value since you purchased the investment is known as an unrealized gain or unrealized loss....

About 40% of the new stores that opened 2021 were dollar stores, according to Money.com. The three big dogs — Dollar General, Dollar Tree and Family Dollar — operate 33,000 locations across North America. By Andrew Lisa For context as to just how big the industry has grown, that’s more than Costco, Target, RiteAid, CVS and Walmart combined. Also: 9 Bills You Should Never Put on AutopayFind Out: 15 Worst States To Live on Just a Social Security Check...

It’s useful to know your checking account routing number, because you’ll need it to sign up for direct deposit, make payroll payments and send wire transfers. If you’re a Chase customer or are transferring money to a Chase account, refer to the chart below for a list of every Chase routing number. By Ryanne Mena Routing Numbers by State About Routing Numbers How To Find Yours International Wire Transfers Chase Routing Numbers by State Use the table below to find your state and ABA routing number for Chase....

According to the most recent Labor Department stats released in June, 11.4 million job openings were available in April, nearly double the number of those looking for work. Layoffs, too, were down, reaching an all-time low of 1.2 million. Pre-pandemic numbers were around the 2 million mark each month. By David Nadelle Learn More: Remote Work Could Ease Inflation, Study ShowsDiscover: Goldman Sachs Analyst Downgrades Coinbase to Sell As Crypto Winter Takes Hold...

Grocery shopping can be a bit of a headache — especially if you’re on a tight budget — but nowadays, with the prices soaring thanks to inflation, it can be downright traumatic. Since April 2021, the cost of groceries has gone up 10.8%, with some categories like eggs and meat seeing even steeper increases. Of course, it isn’t fair, but alas it is the consumer who has to bend over backwards to trim costs and save money....

Idaho has experienced a population surge in recent years. From 2020 to 2021, the state led the U.S. in growth, with Americans moving to The Gem State to access affordable housing, natural beauty, safe cities and towns, and good schools. By Gabrielle Olya Good To Know: 2023’s Housing Correction Could Be the Largest Since Post-WWIIRead: 3 Things You Must Do When Your Savings Reach $50,000See: 7 Florida Cities That Could Be Headed For a Housing Crisis...

Just hearing the words “bear market” can turn your everyday investor into an insufferable worry wart. It’s understandable — risky buying in a time of low market confidence should be enough to dissuade even a seasoned player from entering the financial arena. However, some analysts argue that a bear market might be the perfect time for new investors to get into the game. By David Nadelle See: What Retirees Need To Do in a Bear MarketFind: Four Unusual Places To Invest Money During a Bear Market...

BECU is a credit union with over 50 locations in Washington state and two in South Carolina. Here’s how to find BECU branches or ATMs near you. By Karen Doyle Locations Near Me Branches ATMs Hours and Customer Service BECU Locations Near Me You can use the map below to find the BECU location that’s closest to you. BECU’s Washington locations include 13 branches in North Puget Sound, 15 in South Puget Sound, 13 in Seattle, 12 on the Eastside, four in Spokane County and one in Silverdale....

You may have heard there are apps, like Dave and Earnin, that offer interest-free, short-term loans. They request a donation, but it’s always a voluntary donation — and even those that charge modest fees extend 0% APR loans very quickly with no real credit check. By Andrew Lisa Read: 10 Ways To Bounce Back From a Heavy Spending Month on Your Credit CardSee: What Not To Do While Trying To Get Out of Debt...