In a striking revelation, a recent study by Savings.com indicates that for the first time, half of parents with children over 18 provide them with financial support. This statistic, rising from 47% last year and 45% in 2021, illustrates a grave dependence that young adults have developed towards their parents in an increasingly tough economic
Personal
In an era characterized by an erratic stock market, the well-being of retirees hangs delicately by a thread. The recent fluctuations have stirred a storm of anxiety, particularly for those who have committed their savings to the uncertain tides of investments. Despite moments of cheer, as seen with recent rallies, the underlying winds of economic
The recent overhaul of inherited Individual Retirement Account (IRA) rules marks a seismic shift for beneficiaries, particularly those who thought they could leisurely maneuver through generations of assets. As of 2025, beneficiaries will no longer enjoy the luxury of the “stretch” provisions that once allowed withdrawals to extend over their lifetime. Instead, a stringent “10-year
The prospect of shifting the management of federal student loans from the Department of Education to the Small Business Administration (SBA) is both alarming and puzzling. This is not merely an administrative restructuring; it signifies an alarming departure from the core principles that underlie federal educational support. President Trump’s recent pronouncement illustrates a reckless disregard
The recent legal decision barring the Trump administration’s Department of Government Efficiency (DOGE) from accessing sensitive personal data at the Social Security Administration (SSA) has stirred both controversy and grave concern. Under the stewardship of Judge Ellen Lipton Hollander, the ruling aims to protect individual privacy rights amid an alarming trend of governmental overreach. The
The potential dismantling of the U.S. Department of Education, as proposed by President Donald Trump, raises substantial concerns for borrowers—over 40 million Americans who rely on federal student loans totaling an astounding $1.6 trillion. This action isn’t merely about restructuring an agency; it’s about jeopardizing the lifelines tied to education financing and the economic futures
The American Federation of Teachers (AFT), one of the leading labor unions in the educational sector, is filing a lawsuit against the U.S. Department of Education. This legal action stems from a contentious decision made by the Trump administration to halt applications for income-driven repayment (IDR) plans, which have historically provided numerous borrowers with manageable
Losing a spouse is one of life’s most painful experiences, one that envelops survivors in grief and heartache. However, what complicates this raw emotional landscape even further is the sudden awakening to the harsh economic realities that await them. Often overlooked is that because of a seemingly innocuous switch from joint to single tax filing
Harvard University’s recent announcement regarding free tuition for undergraduates from families earning $200,000 or less is, without a doubt, a remarkable turning point in the educational landscape. This decision isn’t just a stroke of generosity; it represents a critical shift toward making elite education accessible to a broader range of students. As other Ivy League
In a rapidly shifting economy, job insecurity is becoming the norm for many Americans. With recent layoffs particularly affecting federal employees and certain sectors, the specter of unemployment hangs over millions. Coupled with the burden of student loans—totaling more than $1.6 trillion across 40 million borrowers—this financial stress could lead many to a breaking point.