Financial Articles

More than half of U.S. workers lack sufficient emergency savings to cover a $500 expense, with 41% having skipped necessary costs due to insufficient reserves, according to recent survey data.

Eligible Trump Account holders will receive a $250 Dell Foundation grant beginning Monday, with automatic deposits for qualified lower-income families in designated ZIP codes.

Average 401(k) and IRA balances reached record highs in the second quarter, though more workers are borrowing from or withdrawing from their retirement accounts amid affordability pressures.

President Trump announced $500 Obamacare refunds for nearly 1 million people in 30 states starting in October, funded from what the administration described as excess user fees.

The Treasury Department and IRS proposed rules restricting refundable tax credits for certain immigrant groups, potentially affecting millions of lower-income earners seeking tax benefits.

A call-blocking device company was fined £190,000 for making hundreds of thousands of nuisance calls to elderly people it claimed to protect from such contact.

Democratic Rep. John Larson, a Social Security expansion advocate, lost a Connecticut primary race, potentially affecting congressional efforts to address the program’s 2032 funding shortfall.

The end of penny production and rising credit card processing fees are reshaping consumer payments, with merchants increasingly using rounding policies and surcharges to manage costs.

Experts recommend delaying Social Security claims despite potentially higher cost-of-living adjustments next year, as waiting until age 70 yields substantially larger lifetime benefits and greater COLA increases.

British households could save up to £173 annually by switching to fixed-rate energy deals ahead of October price cap increases, according to price comparison websites and energy regulator Ofgem.

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.