This week, U.S. markets were jolted after the Federal Reserve made a widely anticipated move by cutting their policy rate by 25 basis points to 4.25% to 4.5%. While the rate cut wasn’t a surprise, the bigger shock came from the Fed’s updated Summary of Economic Projections (SEP), which revealed higher forecasts for growth, inflation,
Social Security’s Full Retirement Age (FRA), when people can claim their full benefits, is set to increase again in 2025. Most Americans are familiar with the concept of retiring at 65, but the FRA is actually higher and varies depending on the year of birth. The adjustment to FRA is a result of the 1983
Ontario is set to make a significant leap in addressing the challenges facing the early childhood education sector by implementing a $23.86 minimum hourly wage for Registered Early Childhood Educators (RECEs) starting in 2025. This wage hike is part of a broader initiative to alleviate staffing shortages, improve working conditions, and attract more professionals to
The Department for Work and Pensions (DWP) has revealed that over 119,000 pensioners have been underpaid their state pensions, with some eligible for back payments of as much as £12,000. This discovery comes as part of the ongoing Legal Entitlements and Administrative Practice (Leap) initiative, which began in January 2021. The project is designed to
Australia’s economic environment is undergoing significant changes, and the outlook for pay rises may not be as optimistic as expected. With slower inflation, rising unemployment, and concerns over productivity, wage growth is declining. As a result, employees may find their pay rises are less substantial than anticipated. In this article, we’ll explore why wage growth
In some states, Americans may see their Social Security benefits compromised due to updated Internal Revenue Service (IRS) guidelines. While Social Security has been a crucial income source for seniors since its inception in 1935, new changes in state taxation laws could impact how much beneficiaries will receive starting in 2025. This article explores which
The Clif Bars and Kid ZBars Settlement offers compensation to eligible consumers who purchased Clif Bars or Kid ZBars between 2014 and 2023. Here’s a breakdown of the key details and the step-by-step guide on how to claim your payout. If you’ve bought Clif Bars or Kid ZBars in recent years, you may qualify for
The Canadian housing market is a significant challenge for many, particularly for first-time homebuyers who face rising home prices and strict mortgage requirements. To address these challenges, the Canadian government introduced the First Home Savings Account (FHSA) in 2023. This new savings program offers significant tax benefits designed to make homeownership more accessible for Canadians
Australia’s Centrelink $890 Bonus Payment for December 2024 is a crucial government initiative aimed at assisting Australians receiving welfare benefits. With economic pressures rising and the holiday season approaching, this bonus payment offers significant relief to vulnerable individuals. This guide provides clear information about eligibility, payment dates, and the steps you need to take to
As we approach the new year, millions of Social Security beneficiaries are set to see an increase in their monthly payments. However, the amount of this increase can vary depending on the state in which you live. With the implementation of the 2025 Cost of Living Adjustment (COLA), some states will see larger increases than