Vikas Lalit 
The Federal Reserve’s preferred inflation gauge, the core Personal Consumption Expenditures (PCE) price index, increased by 2.6% year-over-year in January, aligning with market expectations. The monthly increase stood at 0.3%, mirroring December’s rise. This data, released by the Bureau of Economic Analysis (BEA), suggests that inflation remains above the Fed’s 2% target but continues to … Read more
Minnesota Governor Tim Walz has unveiled a new proposal aimed at keeping healthcare costs affordable for individuals purchasing insurance on the state’s marketplace. The plan shifts a greater financial responsibility onto insurance companies while alleviating the burden on taxpayers. A Shift in Funding for Reinsurance A key component of Walz’s proposal involves reforming the state’s … Read more
The Social Security Administration (SSA) has announced plans for a major workforce reduction, offering voluntary buyouts to employees ahead of anticipated job cuts. The move is part of a broader effort by the federal government to streamline operations and reduce spending, but it has sparked concerns about potential delays in processing Social Security benefits and … Read more
In a recent move that has sparked both praise and criticism, the Haryana government has announced a significant increase in pensions, with some beneficiaries set to receive as much as a 400% hike. However, the new policy applies to a highly exclusive group of just 61 individuals, raising questions about fairness and the broader impact … Read more
Arizona retirees have good news when it comes to their Social Security benefits: the state does not tax them. However, retirees may still be subject to federal taxation on their benefits depending on their total income. Understanding how Social Security taxation works and implementing smart financial strategies can help retirees protect their money. Arizona’s Tax … Read more
Amid rising energy costs, several major UK energy suppliers are offering free or discounted electricity to help customers save on their energy bills. From weekend giveaways to festive discounts, households can take advantage of these initiatives by meeting specific eligibility criteria. Here’s how you can benefit from these offers. EDF Energy’s Sunday Saver Challenge EDF … Read more
A major driving licence rule change is set to take effect in the UK, impacting thousands of motorists—particularly Ukrainian nationals residing in the country. From March 3, 2025, a new government policy will extend the period during which Ukrainian nationals can legally drive in Great Britain using their Ukrainian licences without the need to exchange … Read more
March 2025 is set to bring significant financial changes affecting millions across the UK. From train fare hikes to adjustments in benefits and policy updates, these shifts will impact daily expenses and financial planning. Here are the nine major money and Department for Work and Pensions (DWP) changes happening in March 2025. 1. Train Fare … Read more
In a move that threatens to deepen trade tensions between the United States and the European Union, former U.S. President Donald Trump announced on February 26, 2025, that his administration will impose a 25% tariff on goods imported from the EU. The decision marks a significant escalation in transatlantic trade disputes and has prompted swift … Read more
The Internal Revenue Service (IRS) is set to lay off approximately 7,000 employees this week, marking one of the largest workforce reductions in recent years. These layoffs primarily affect probationary workers who have been with the agency for less than a year. As the IRS undergoes these cuts, taxpayers could face significant changes in processing … Read more