Social Security funds are on track to run short by 2032, which would mean a reduction in benefits. Here’s how four hypothetical households rely on the program in retirement.
Category: Personal Finances
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Can Your College Affect Your Income?
The New York Times – Business:A new analysis of federal earnings data measures how much students who received federal financial aid earned four years after graduating. Our graphics reporter Arfa Momin studied the data to see when a graduate’s major and college mattered most to earnings.
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At Nearly $300,000, Some Recent Duke Graduates Out-Earned All Their Peers
The New York Times – Business:Federal data show Duke math majors earning a bigger median income four years after graduation than any other majors from any school. It’s a small cohort.
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Pay Advance Apps May Be Costlier Than Workers Think
The New York Times – Business:The loans tide borrowers over until their next paycheck. The apps offer no-cost options, but most users end up paying high fees, a report finds.
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Is a Trump Account the Best Way to Invest for Your Child? Try Our Calculator.
The New York Times – Business:Families also have options like 529 college plans and custodial brokerage accounts. Find out which one works best for you.
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Most American Children Are Being Auto-Enrolled in Trump Accounts. What to Know.
The New York Times – Business:The Trump administration may have just signed up your child — and more than 60 million others — for a 530A savings account (if you haven’t already done so).
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As Mortgage Rates Hit Highest Level Since 2023, Buyers Look at ARMs
The New York Times – Business:The average 30-year, fixed-rate home loan rose to 7.28 percent, up from 6.34 percent a year ago. More buyers are now turning to adjustable-rate mortgages.
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Adding a Child to Your Car Insurance? Here Are Ways to Hold Down the Costs.
The New York Times – Business:Unlike health insurance, a parent’s auto policy has no age limit on when a child has to be removed. But it’s good to know the options.
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Mortgage Rates Hit 7% as Iran War Crushes a Weak Housing Market
The New York Times – Business:The average rate on a 30-year mortgage in the United States jumped to 7.03 percent, putting pressure on housing affordability.
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How to Split Expenses on a Group Trip Without Fighting
The New York Times – Travel:From bachelorette trips to family vacations, group travel can cause relationship-ending fallouts. Here’s how to navigate difficult conversations about finances.