News Powered By AI
News Powered By AI
Buy now, pay later services have surged to nearly $157 billion in 2025, with 44% of Americans planning to use them within six months, often for essential expenses like groceries and medical care rather than discretionary purchases.
Social Security cost-of-living adjustments for 2027 are estimated between 3.7% and 3.8%, down from previous projections as inflation moderates, with official figures to be announced in October.
A bipartisan group of senators introduced the PROMISE Act to establish a legislative process for Social Security reform, as the program faces a projected funding shortfall by 2032.
A new survey finds Americans believe they need $1.2 million to retire comfortably, yet only 30% expect to reach $1 million in savings before retirement.
Homebuyer affordability declined in June for the fifth consecutive month despite slowing home price gains, with the income needed to qualify for a mortgage reaching $109,152 according to the National Association of Realtors’ index.
A 65-year-old retiring in 2026 may spend an average of $185,500 on healthcare, according to Fidelity Investments, marking a 7.5% increase from the prior year’s estimate.
