Finance

In the US, the IRS offers tax credits, refunds, stimulus checks, and more for residents’ financial support. The stimulus payments are being delivered when the US economy feels financial hardship. To stimulate the country’s situation, the IRS issues stimulus payments to stabilize the economy. There is an update for the $2,000 Stimulus Check Deposit in […]

During the COVID-19 pandemic, the US government sent out stimulus cheques to help taxpayers cope with economic instability. Three cheques were distributed under the CARES Act, Consolidated Appropriations Act (CAA), and American Rescue Plan Act (ARPA). The amount sent to American households in those three rounds totaled $814 billion, per Pandemic Oversight. However, rumors about

The Social Security program has many rules and can be complex, and there are certain dates retirees should mark on their calendars. For instance, retirees know that they will receive their monthly benefits on a Wednesday, depending on when their birthday is, and that the annual cost-of-living-adjustment (COLA) usually comes out in early to mid-October. 

If you’re among the millions of older Americans who rely heavily on Social Security to make ends meet in retirement, then you may be reeling over the fact that your benefits are only going to rise by 2.5% in January. Social Security’s upcoming cost-of-living adjustment (COLA) is the smallest (by far) to arrive in years.

It’s safe to say that financial guru Dave Ramsey isn’t a big fan of Social Security, having called the program a “stupid thing” and a “mathematical disaster” that “robbed” him of money for decades. Therefore, it’s no surprise that Ramsey goes against conventional wisdom on the age at which folks should claim Social Security benefits.

The Social Security trust funds will be insolvent by Fiscal Year (FY) 2034, according to projections by the Congressional Budget Office (CBO), at which point the law calls for a 23 percent cut in benefits.1 Restoring solvency over the next 75 years would require the equivalent of reducing all future benefits by 24 percent or

The social security system is a problem for the future, and even though this is not new, or the fact that it has occurred before, this seems to be the first time that nobody appears to have the foggiest idea of how to solve it. The country is very polarised, and for any solution that

A new bill has been passed by the House of Representatives that would give larger Social Security payments to public workers who once had limited rights to the amount they would be given in benefits. The bill under discussion is House Resolution 82, or the Social Security Fairness Act, the resolution was passed with a

$243.90 Australia Cost of Living Concession: With inflation stretching the households’ budgets across the country, most AU families look for extra income to cover their cost of living. The Cost of Living Concession (COLC), as one of the schemes, is being provided by the South Australian Government to assist low-income earners, pensioners, and holders of

New Zealand has introduced a recent amendment in the New Zealand Retirement Age and Superannuation benefits where longer working time and raising the minimum age benefit from 65 to 67 years of age is a measure towards higher financial security of seniors. NZ Retirement Age Change 2024 New Zealand, as we all know, is famous