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Inflation, interest rates, recessions, new laws, and government programs and benefits. Know what each change means for your money and what to do about it.
Think back to your first job. Do you remember what it paid? For many people, the answer is easy to remember: whatever the local minimum wage was at the time. Depending on how much time has elapsed since that first…
According to an old saying, “The rich get richer and the poor get poorer.” In America, there’s a lot of truth to that. According to a 2020 report from the Pew Research Center, the top 20% of households have brought…
The Supplemental Security Income program (SSI) is a need-based program run by the U.S. Social Security Administration. It assists individuals who, due to disabling health issues or advanced age, earn a limited income and are in need of income assistance….
Entitlement programs regularly come up during discussions about the American federal budget. Entitlement programs are benefits provided by law if an individual meets the set of requirements laid out as part of the program. In the United States, Social Security,…
In December 2020, during the waning days of the 116th Congress, the U.S. House of Representatives voted to legalize recreational cannabis use and cultivation in all 50 states. The vote was overshadowed by a concurrent push for yet another round…
Between March and April 2020, amid the unrelenting COVID-19 pandemic, the United States’ unemployment rate shot up more than 10 percentage points to 14.7%, according to the U.S. Bureau of Labor Statistics (BLS). The unemployment rate has since fallen closer…
Warren Buffett is one of the most famous investors who has ever lived. Nicknamed “the Oracle of Omaha,” he has amassed a fortune that few could ever dream of owning. As new investors look for opportunities to build wealth in…
You could describe the Medicaid program as the glue that holds the American health care system together. This public health insurance program takes on the lowest-income, sickest, highest-risk individuals in the country — those who don’t have coverage at work, can’t afford private insurance,…
Suppose you’re living in a cheap, somewhat run-down neighborhood in the city. After a while, you notice new people starting to move in: artists, students, same-sex couples, and young folks fresh out of college looking for historic charm at an…
Imagine going into a supermarket knowing that you have only $30 for a week’s worth of food. You make your way along the aisles carefully comparing prices, rejecting canned beans for the cheaper dried ones, and substituting chicken drumsticks for…
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