The trend of job-hopping emanating from the Great Resignation has created a significant ripple effect on retirement savings in the United States. As Americans transition between jobs at unprecedented rates, many are inadvertently leaving behind substantial financial assets in the form of forgotten 401(k) accounts. Recent data highlights a staggering 29.2 million unclaimed 401(k) plans,
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The Trump administration’s persistent aggression towards the U.S. Department of Education reached a pivotal moment recently as it urged the Supreme Court to overrule a district court’s decision requiring the reinstatement of terminated employees. This isn’t just another legal tussle; it’s a striking challenge to the checks and balances that govern government operations. Solicitor General
In today’s financial landscape, Americans find themselves grappling with an astounding credit card debt amounting to $1.18 trillion as of early 2025. The debt per borrower averages around $6,371, which poses a significant concern. This staggering figure is a reflection of our society’s growing reliance on credit and the misconception that merely managing payments is
The student loan debt crisis has spiraled into a pervasive issue that continues to burden countless Americans. Recently, the Trump administration announced a resumption of wage garnishment for federal student loan borrowers who are in default, which is expected to take effect later this summer. This aggressive approach starkly contrasts the lenient measures adopted during
As the Senate debates President Donald Trump’s ambitious tax and spending initiative, attention is increasingly fixated on the future of the child tax credit. Originally part of Trump’s 2017 tax reform, the child tax credit has served as a vital financial lifeline for many families. The House has put forth a bill that would solidify
After lengthy negotiations, House Republicans have now delivered a multi-trillion-dollar spending and tax proposal that is ambitious, contentious, and undoubtedly riddled with implications for both the economy and social safety nets. Dubbed the “One Big Beautiful Bill Act,” this legislation reflects many priorities championed by former President Donald Trump, not the least of which is
At the onset of spring this year, optimism thrived among vacationers, with many eagerly anticipating sun-soaked trips and expanded travel budgets. However, this rosy outlook was abruptly clouded by geopolitical events, particularly the imposition of tariffs by the Trump administration and the ensuing volatility in stock markets. This shift led to a notable contraction in
In recent years, America has witnessed a notable decline in birth rates, with figures dropping to approximately 1.6 births per woman—far below the sustainable threshold of 2.1. This alarming trend raises existential questions about the nation’s future demographic landscape. Melissa Kearney, an economist at the University of Maryland, suggests that unless this pattern is reversed,
In an ambitious move, Senate Republicans are gearing up to deliberate on a significant tax reform package proposed by House lawmakers, collectively referred to as “One Big Beautiful Bill Act.” Among the highlights is an enhancement of the Section 199A deduction, an existing tax benefit integral to small business owners, contractors, and freelance workers. This
In a shocking move with far-reaching consequences, the Trump administration has lifted restrictions surrounding 401(k) plans that involved cryptocurrency and related digital assets. The announcement comes as the Labor Department rescinded controversial guidelines from the Biden administration that cautioned against introducing these volatile assets into employees’ retirement portfolios. This shift has ignited a robust debate