The increasing financial burden of healthcare is putting many Americans in a tight spot. A recent survey reveals the challenges individuals face in paying their medical bills, suggesting a deep-seated problem that extends beyond mere affordability. A Comprehensive Study A 2024 Healthcare Financial Experience Study conducted by Cedar delves into the reasons why Americans find […]
Author: Mark Garro
Iceland’s Gender-Pay Gap Protest Makes World Notice
In a striking demonstration, women across Iceland momentarily stepped away from their roles, both in offices and at homes, to bring attention to the persistent gender pay gap and the issue of gender-based violence. This silent yet resonant protest not only underscores the critical role of women but also offers the United States an opportunity […]
U.S. Housing Market Reaches Lowest Point
The U.S. housing market is at a turning point. High mortgage rates mean prices might drop, giving buyers a chance to get their foot in the door. Meanwhile, sellers face new challenges as interest rates and the number of homes for sale change. U.S. Housing Market Hits Rock Bottom According to the CEO of real […]
$7 Trillion Lifeline: Budget Boost for Those in Need
President Joe Biden has released a $7.3 trillion budget for 2025. The proposal lays out his vision for the U.S. economy and acts as a campaign pitch against rival Donald Trump. The plan, packed with tax reforms and spending, aims to help lower-income families by taxing the wealthy and big companies more. Tax Overhaul for […]
Wage of Freedom: America’s Quest for Reduced Hours, Fair Pay
The American workforce is experiencing a shift, as workers find themselves clocking fewer hours for the same pay, thanks to increased offerings of vacation, sick, and family leave. A Growing Gap A noticeable gap has emerged between the hours American workers are paid for and the hours they actually work, showing an improvement in work/life […]
Economic Squeeze: Retirees Hit Hard by Social Security Benefit Reductions
Retirees have been significant contributors to consumer spending in 2023, buoyed by a substantial increase in Social Security. However, this trend might see a slowdown as the cost of living adjustment (COLA) decreases this year. Record Hike in COLA In 2023, Social Security beneficiaries saw an 8.7% increase in COLA, the highest in four decades. […]
Americans Sound Alarm as Crypto Fraud Soars
SafeMoon, a name once synonymous with skyrocketing crypto gains, is now the center of a major scandal. U.S. authorities have charged the top executives with fraud. SafeMoon’s Downfall SafeMoon executives have been indicted for fraud. The company’s once high-flying token has plunged, causing concerns among crypto investors. Who’s Been Charged? Founder Kyle Nagy, CEO Braden […]
Wall Street Titan’s Warning: America’s Political Future at Stake
In an unprecedented move, hedge fund billionaire Leon Cooperman has criticized Donald Trump, telling CNN that re-electing him would be “terrible for the country.” Raising Questions This critique from the Wall Street veteran also added, “He’s a divisive human being who belongs in jail,” raises several questions about the 2024 presidential race and its impact […]
Middle-Class Crunch: Rising Costs Threaten American Dream
Americans are feeling the pinch more than ever as everyday expenses, from utility bills to child care, are soaring. This surge is reshaping the financial landscape of the average household, challenging the pursuit of the so-called “American Dream.” Electricity Bills Shocking Households Electricity costs have surged, with a 25% increase since January 2020. This hike […]
401(k) Uncertainty: Rule Change Leaves Employers Grappling with Compliance
The latest Biden administration rule on 401(k) plans is reshaping how employers manage retirement plans. It’s a complex scenario requiring a fresh understanding of fiduciary duties and provider relationships. This rule aims to protect employees but also imposes new responsibilities on employers. Revised Fiduciary Standards The U.S. Labor Department’s new rules expand fiduciary investment advice […]