Over 72.79 million Americans received some form of Social Security benefit in October, where the average monthly benefit stood at $1,787.08. The Social Security program serves as a crucial source of income for more than 54.15 million retirees across the country. While Social Security is designed to support retirement income levels, beneficiaries increasingly rely on … Read more
President-elect Donald Trump’s proposal to cut taxes on Social Security benefits could provide tax relief to millions of Americans, with significant savings for high-income earners. However, experts warn that the plan may have long-term consequences, potentially rendering the Social Security program insolvent within just six years. According to data from the Social Security Administration (SSA), … Read more
Forget the headphones, the fuzzy slippers and the espresso machine that cranks out a cold brew. Globally, three out of four Gen Zs and millennials said that rather than a physical gift, they want a fun experience or trip this holiday season, according to an Amex Trendex survey. Gift givers are listening too. Half of … Read more
The U.S. Stars and Stripes flag hangs on Whitehall with the figure of Lord Nelson on the top of his column in Trafalgar Square, on 3rd June 2019, in London England. Richard Baker | In Pictures | Getty Images LONDON — President-elect Donald Trump’s proposed trade tariffs could prove a boon for the U.K., with … Read more
When it comes to building a strong financial foundation, money guru Dave Ramsey believes that age or starting late is not a factor – and that one can be stable with just a few, wise financial decisions. This is what Ramsey told a 50-year-old woman who has been widowed for 15 years, who recently called … Read more
US Senator Marco Rubio, who could be the first Latino to serve as Secretary of State under President-elect Donald Trump’s administration, has a history of financial missteps that have come under the spotlight repeatedly over the years. Despite his role as a prominent political figure, Rubio’s handling of his finances—from questionable credit card practices to … Read more
U.S. stock market hits record highs with boost from election results and Fed announcement – CBS News Watch CBS News The Dow and S&P 500 have set new records as post-election optimism and a major Fed announcement drive a market surge. CBS News MoneyWatch’s Kelly O’Grady explains what’s behind the rise. Be the first to … Read more
Federal Reserve chair Jerome Powell speaks during a news conference on Sept.18, 2024 in Washington, DC. Anna Moneymaker | Getty The U.S. Federal Reserve could carry out fewer interest rate cuts than previously expected next year should President-elect Donald Trump’s proposed global tariffs take hold, former Fed policymaker Loretta Mester said Tuesday. Mester indicated that … Read more
Analyzing women’s votes in the 2024 election and beyond – CBS News Watch CBS News Fewer women voted for Vice President Kamala Harris in the 2024 election than they did for President Biden in 2020. So what happened with the female vote? Lindsay Chervinsky, executive director of the George Washington Presidential Library, joins CBS News … Read more
China’s Chancay, Peru port project The Chinese-funded megaport in Chancay, Peru, may reshape Pacific trade, but has also made the United States uneasy. This two-part series looks at the development of the project, its impact on global trade, its social cost and the implications for the whole of the South American continent. Updated: 12 Nov, … Read more
