A Social Security Administration (SSA) office in Washington, DC, March 26, 2025. Saul Loeb | Afp | Getty Images The Social Security Administration has now processed about 91% of cases related to a new law that is prompting higher benefits and lump-sum retroactive payments for nearly 3 million people, according to a new update from […]
Student loan borrowers still at risk of wage garnishment
The Trump administration paused its plan to garnish Social Security benefits for those who have defaulted on their student loans — but says borrowers’ paychecks are still at risk. “Wage garnishment will begin later this summer,” Ellen Keast, a U.S. Department of Education spokesperson, told CNBC. Since the Covid pandemic began in March 2020, collection activity […]
Denmark raises retirement age to 70; U.S. might follow
Aleksandarnakic | E+ | Getty Images Denmark has moved to increase its retirement age to 70 — making it the highest retirement age in Europe. Yet it may be difficult for the U.S. to follow its lead. The new change in Denmark will apply to public pension retirements starting in 2040. Since 2006, the country […]
How Trump ‘big beautiful’ tax bill could change in the Senate
Staff members remove a sign following a press conference after the House passage of the tax and spending bill, at the U.S. Capitol on May 22, 2025 in Washington, DC. Kevin Dietsch | Getty Images House Republicans passed a multitrillion-dollar tax and spending package after months of debate, which included many of President Donald Trump‘s […]
How to save on summer travel in 2025
Klaus Vedfelt | Digitalvision | Getty Images Earlier this spring, consumers were feeling good about their summer vacation prospects. More people were planning to take a trip compared to last year, and summer travel budgets were up, too, according to a new report from Deloitte. But just a few weeks later — after President Donald […]
Republican student loan plan has 30-year repayment timeline
Alexander Spatari | Moment | Getty Images Federal student loan borrowers could be in repayment for up to 30 years under proposed changes in the House Republicans’ massive spending and tax package, dubbed the “One Big Beautiful Bill Act.” Currently, most student loan repayment plans range from 10 years to 25 years — which already […]
In Trump, Harvard battle, trade schools may be an unlikely winner
In the escalating standoff between Harvard University and the White House, trade schools could come out on top. As part of a broader crackdown at the nation’s wealthiest and most elite Ivy League schools, President Donald Trump recently signaled that he would divert funds from Harvard to financially support vocational training. “I am considering taking […]
Crypto in 401(k) plans: Trump administration eases rules
President Donald Trump departs the White House on May 22, 2025. Trump is traveling to his Trump National Golf Club in Virginia where he is holding a dinner for the top investors in his $TRUMP cryptocurrency. Kevin Dietsch | Getty Images News | Getty Images The Trump administration on Wednesday relaxed barriers in 401(k) plans […]
Court order challenges Trump’s plan to move student loans to SBA
People walk past the headquarters of the U.S. Small Business Administration in the Southwest Federal Center area on March 24, 2025 in Washington, DC. Chip Somodevilla | Getty Images A federal judge’s recent order may foil President Donald Trump’s plans to transfer the country’s more than $1.6 trillion student loan portfolio from the U.S. Department […]
What Medicaid, SNAP cuts in House Republican bill mean for benefits
A “Save Medicaid” sign is affixed to the podium for a House Democrats’ press event to oppose the Republicans’ budget, on the House steps of the Capitol, Feb. 25, 2024. Bill Clark | Cq-roll Call, Inc. | Getty Images Historic spending cuts to Medicaid health coverage and to SNAP, formerly known as food stamps, are […]