There has been a noticeable downward trend in job seeker confidence in the second quarter of 2024. This decline, which is the lowest it has been in over two years, indicates that workers are increasingly pessimistic about their prospects of securing their desired jobs. According to a quarterly survey by ZipRecruiter, workers are facing challenges
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As the job market cools from the rapid growth experienced during the pandemic era, many workers are now facing the prospect of receiving smaller annual raises in 2025. According to a new survey conducted by WTW, a consulting firm, the typical worker is expected to receive a pay raise of 4.1% next year, down from
Despite data pointing towards a strong U.S. economy, a significant portion of the population holds a different belief. A recent survey conducted by Affirm revealed that approximately 60% of Americans think that the country is currently in a recession. This perception is fueled by rising costs and financial difficulties faced by individuals, leading them to
With President Joe Biden now officially out of the election, all eyes are on Vice President Kamala Harris as the frontrunner for the Democratic nomination. While Harris has not yet detailed her economic agenda, experts suggest that her tax policies may echo Biden’s proposals which aimed for higher taxes on the wealthy and corporations. Similar
As Gen Xers begin to hit age milestones allowing them to access retirement funds penalty-free, it is crucial for them to carefully consider their financial decisions. Even though these milestones mean that they can withdraw money from their IRAs and 401(k)s without penalties, it is important to remember that early withdrawals can have significant tax
In good times and bad, pop music has always been a reflection of the world around us. Despite the current economic expansion and low unemployment rates, recent hits in the music industry portray a different picture. Artists like Taylor Swift and Beyoncé have been tapping into the feelings of frustration and financial vulnerability that are
As former President Donald Trump secures the Republican presidential nomination, both political parties are eyeing Project 2025, a multi-pronged policy plan created by conservative think tank The Heritage Foundation as a collective effort with more than 100 other right-leaning organizations. If enacted, the plan could overhaul the U.S. income tax system and revamp the IRS,
The Consumer Financial Protection Bureau (CFPB) has recently targeted so-called paycheck advance programs, also known as earned wage access, which have become increasingly popular among workers in recent years. These programs allow individuals to access their paychecks before the designated payday, often levying a fee for this service. The CFPB’s proposed interpretive rule suggests that
Recently, a federal appeals court issued an order temporarily halting the implementation of President Biden’s new student loan repayment plan known as SAVE. The Department of Education has acknowledged the ruling and is currently assessing its impacts. They have assured borrowers that they will be in direct communication with any individuals affected by this decision.
It is no secret that Social Security is facing a financial crisis that requires urgent attention. The combined trust funds are projected to run dry by 2035, leaving only 83% of benefits payable. However, the fund supporting retirement benefits is expected to deplete even sooner, by 2033, with only 79% of benefits being payable. President