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Scammers impersonate banks via text messages claiming unauthorized payments were made, then trick victims into transferring funds or revealing card details. Major UK banks report significant losses from these impersonation scams.
A new survey finds 39% of middle-class households incorrectly expect Medicare to cover long-term care, though the program generally does not pay for such expenses, potentially leaving retirees unprepared for significant costs.
Bond market turbulence is prompting mortgage lenders to raise fixed-rate offers, while savers may benefit from improved savings account rates. Pension holders face mixed impacts depending on their retirement timeline.
Employers are increasingly auto-enrolling workers into health savings accounts, mirroring successful strategies used with 401(k) retirement plans to boost participation rates.
A student loan scam targets university students by impersonating the Student Loans Company through fraudulent texts and fake websites, attempting to redirect loan payments to criminal accounts.
The IRS has clarified rules for the ‘no tax on overtime’ deduction, which will be easier to claim in the 2026 tax year as employers must now report eligible amounts on workers’ W-2s.
