News Powered By AI
News Powered By AI
Research warns that delaying Social Security reform risks fiscal crisis, higher borrowing costs, and economic strain as the program’s trust fund faces depletion in the early 2030s.
Fidelity estimates 2026 retirees will spend an average of $185,500 on healthcare in retirement, up 7.5% from the prior year, driven by rising costs and increased medical service utilization.
U.S. consumer prices rose 3.5% in June, down from 4.2% in May, as energy and gasoline prices declined. Economists warn inflation could resurge if Middle East tensions escalate further.
The House passed a bipartisan bill allowing mutual funds and transfer agents to pause redemptions if financial exploitation of older adults or people with disabilities is suspected, addressing rising fraud losses.
A new study of seven generative AI platforms found their personal finance advice contains significant inaccuracies, demographic biases, and inconsistencies, raising concerns about relying on AI for financial decisions.
Student loan servicers have begun notifying borrowers enrolled in the SAVE plan that they must switch to a different repayment plan within 90 days, following a federal court order ending the program.
