Kate Wieser | Moment | Getty Images Elevated oil prices may push up inflation in the coming months, which could lead to higher estimates for the 2027 Social Security cost-of-living adjustment. “Geo/political tensions are driving up the price of oil right now which will continue to drive up my estimates of the COLA,” Mary Johnson,…
An increasing number of Americans are turning to balance transfers and personal loans to consolidate and manage debt. It can save them money in the short term, but without a change in spending habits, that strategy is likely to fail, experts say. “If they didn’t fix whatever issues were causing them to overspend and charge…
High gas prices are listed at Chevron gas station in Los Angeles on March 9, 2026, as gasoline prices surge amid the ongoing war with Iran. Frederic J. Brown | Afp | Getty Images “I don’t get any sense that inflation is decelerating,” said Mark Zandi, chief economist at Moody’s. “It feels like it’s uncomfortably…
The U.S. Department of Education headquarters is seen on March 06, 2025 in Washington, DC. Chip Somodevilla | Getty Images News | Getty Images A federal appeals court has ordered the end of the Saving on a Valuable Education, or SAVE, plan, the Biden-administration-era repayment program that brought lower monthly bills to millions of student…
Kseniya Ovchinnikova | Moment | Getty Images Warris Bokhari received an unexpected tax form in early February, just as the 2026 tax season was ramping up. Uber Technologies, the ride-hailing company, mailed him a Form 1099-K listing about $2,317 in gross income earned through dozens of transactions in November and December, according to a tax…
In February, Americans were feeling pretty good about their financial standing. But that was before the Iran war, which is threatening to upend household budgets. A New York Federal Reserve survey released Monday found that consumers expected inflation to be lower in the year ahead, and households, overall, said they were better off than a year ago. The New York…
A mobile billboard in Washington, D.C., calling for higher taxes on the ultra-wealthy depicts an image of billionaire Jeff Bezos on May 17, 2021. Drew Angerer | Getty Images In 2026, earnings up to $184,500 are subject to Social Security payroll taxes. As of Monday, individuals with $1 million in annual wage and salary earnings…
Westend61 | Westend61 | Getty Images A system designed to help small 401(k) balances follow workers to their next job is running into a snag: Roth accounts. The Portability Services Network, a coalition of large 401(k) administrators — including Fidelity Investments, Vanguard Group and Alight Solutions, among others — in conjunction with Retirement Clearing House,…
The Labor Department reported on Friday that 92,000 jobs were lost in February, as the unemployment rate rose to 4.4%. The unemployment rate for women held steady at 4.1% for the first two months of the year, according to the latest data from the Bureau of Labor Statistics. Still, the sharp rise in the number of…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email The Labor Department says 92,000 jobs were lost in February, which raised the overall unemployment rate to 4.4%. Women faced a challenging month and the jobs data highlights a widening split int he K-shaped economy – not only by income, but also…