Delmaine Donson | E+ | Getty Images The U.S. Department of Education has said that its student loan forgiveness application will go live in “early October.” Yet it’s nearly halfway through the month, and borrowers still can’t apply. Still, the White House has shared new information on what people can expect from the form. Here’s
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Social Security is funded mainly through FICA taxes on wages — currently 12.4 percent split evenly between employers and workers. In 2022, the tax was collected on the first $147,000 of wages. That amount will rise to $160,200 in 2023. The $13,200 jump in how much of workers’ wages will be taxed is large compared
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Social Security, the monthly benefit paid to retirees, disabled people and survivors of beneficiaries, includes an annual cost of living increase that is announced every fall. It helps seniors try to keep pace with the price increases that touch every part of the economy. The adjustment for 2023, of 8.7 percent, was announced on Thursday.
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Annual automatic cost-of-living adjustment for Social Security recipients Note: Between 1975 and 1982, beneficiaries received adjustments in July. After 1982, beneficiaries received them in January. Source: Social Security Administration By The New York Times The first automatic annual adjustment to Social Security benefits was paid in 1975, the result of legislation passed by Congress in
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The Bank of England started a bond-buying program last month to stabilize financial markets. But its plan to end the program this Friday is only making investors more nervous. British financial markets plunged into turmoil on Wednesday following mixed messages over whether the Bank of England would continue to provide support to pension funds and
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The moves at the nation’s largest newspaper publisher include a week of mandatory unpaid leave and voluntary buyouts. The chief executive of Gannett, the largest newspaper publisher in the country, announced widespread cost-cutting to its newsrooms on Wednesday, citing headwinds from the “deteriorating macroeconomic environment.” In a memo to the staff, Mike Reed, the chief
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El ajuste por costo de vida aumentará en 8,7 por ciento el próximo año, brindando alivio a los jubilados y otras personas que dependen en gran medida de esos pagos. Unos 70 millones de estadounidenses que cobran el Seguro Social recibirán un aumento de 8,7 por ciento en sus beneficios el próximo año, el mayor
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In this article WMT AMZN TGT Follow your favorite stocksCREATE FREE ACCOUNT Amazon’s Prime Early Access Sale may be over, but the discounts have only just begun. “Black Friday is here,” said Julie Ramhold, a consumer analyst at DealNews.com, noting that sales that traditionally rolled out on the Friday after Thanksgiving Day are starting earlier
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Tetra Images | Tetra images | Getty Images A majority of U.S. households are taking the possibility of an economic recession seriously, new research suggests. Eighty-four percent of respondents in a recent survey said they are concerned about a recession happening before the end of the year, and 76% said they are making changes to
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