Category: Finance

A Social Security Administration office in Washington, D.C., March 26, 2025. Saul Loeb | Afp | Getty Images The trust fund Social Security relies on to pay retirement benefits may be depleted in 2033, according to an annual report released by the Social Security Board of Trustees on Wednesday. That is unchanged from last year’s projections. […]

How Trump accounts work Not unlike a 529 college savings plan, Trump accounts come with a tax incentive. Earnings grow tax-deferred, and qualified withdrawals are taxed as long-term capital gains. Under both the House and Senate versions of the bill, withdrawals could begin at age 18, at which point account holders can tap up to half […]

U.S. Senate Majority Leader John Thune (R-SD) speaks at a press conference following the U.S. Senate Republicans’ weekly policy luncheon on Capitol Hill in Washington, D.C., U.S., June 10, 2025. Kent Nishimura | Reuters As Senate Republicans release key details of President Donald Trump‘s spending package, some provisions, including the federal deduction for state and […]

Sen. Bill Cassidy, R-La., leaves the senate luncheons in the U.S. Capitol on Tuesday, June 3, 2025. Tom Williams | CQ-Roll Call, Inc. | Getty Images Senate Republicans’ proposal to overhaul student loan repayment could trigger a surge in defaults, one expert said. The Senate GOP reconciliation bill’s higher education provisions “would cause widespread harm […]

Olga Rolenko | Moment | Getty Images There are all sorts of ways for consumers to misuse credit cards, from failing to pay monthly bills in full to running up your balance. But here’s one risky behavior that experts say you likely haven’t heard of: “credit cycling.” Credit cards come with a spending limit. Cardholders […]

Speaker of the House Mike Johnson, R-La., pictured at a press conference after the House narrowly passed a bill forwarding President Donald Trump’s agenda on May 22 in Washington, DC. Kevin Dietsch | Getty Images House reconciliation legislation, also known as the One Big Beautiful Bill Act, includes changes Republican legislators said will boost families’ […]

Ahead of next week’s Federal Reserve meeting, tensions are escalating between the White House and the central bank, with consumers seemingly caught in the crossfire. On Thursday, President Donald Trump called Fed Chair Jerome Powell a “numbskull” for not lowering interest rates already. Trump has previously said the central bank should cut interest rates by a full percentage point. “Go for […]

Sdi Productions | E+ | Getty Images Millions of Social Security beneficiaries received a 2.5% boost to their benefits in 2025, thanks to an annual cost-of-living adjustment that went into effect in January. In 2026, Social Security checks may go up by the same amount — 2.5% — based on the latest government inflation data, […]

Traders work on the New York Stock Exchange floor on Dec. 18, 2024. Spencer Platt | Getty Images For all the drama in the stock market of late, investors’ portfolio balances may not look too different from when President Donald Trump entered office. There have been some unnerving days amid the Trump administration’s tariff policies. […]

The escalating battle between the Trump administration and Harvard University over international student visas could come at a high economic cost. Altogether, international students who studied in the U.S. contributed $43.8 billion to the U.S. economy in the 2023-24 academic year, according to the most recent data by NAFSA: Association of International Educators. In Massachusetts, alone, international […]