Social Security beneficiaries will see a 2.5% increase in their monthly checks starting in 2025. This cost-of-living adjustment (COLA) translates to an average of $50 more per month for retirees. The Social Security Administration (SSA) determines COLA by analyzing changes in prices and economic conditions, aiming to help recipients keep pace with inflation. A Small Continue reading
T+1 Settlement Cycle: A New Era for Trade in the US, Canada, and Mexico
On May 28, 2024, the Securities and Exchange Commission (SEC) will officially transition the United States’ settlement cycle from two business days after the trade date (T+2) to just one business day (T+1). This change, aimed at improving efficiency and reducing risks, aligns with the efforts of other North American markets. In Canada, the Canadian Continue reading
Mega Millions Jackpot Hits $1.15 Billion: Could This Be Your Lucky Holiday Gift?
The Mega Millions jackpot has reached astronomical heights, soaring to an estimated $1.15 billion after no winner emerged in the Christmas Eve drawing. For lottery enthusiasts, this could be the ultimate belated holiday surprise, with Friday’s drawing offering the largest prize ever for December and the fifth-largest in the game’s history. Here’s a closer look Continue reading
California Residents Eligible for a Share of the $27.5M Thomson Reuters Clear Privacy Settlement?
Time is running out for California residents to file claims in the $27.5 million settlement with Thomson Reuters over alleged privacy violations involving its Clear product. If you lived in California anytime between 2016 and 2024, you might be eligible for compensation. Why Was Thomson Reuters Sued? Thomson Reuters, a global AI and technology company, Continue reading
$2M Kaye-Smith Data Breach Settlement: How to Claim Your Compensation
Kaye-Smith Enterprises Inc. has agreed to a $2 million settlement to resolve a class action lawsuit stemming from a 2022 data breach. If you were impacted by this incident, you may be eligible for financial compensation or free credit monitoring. Here’s everything you need to know to file your claim before the deadline. The Background: Continue reading
$100 Million Walgreens Prescription Savings Club Settlement: Eligibility & Payout
Walgreens has agreed to pay $100 million to settle a class action lawsuit, resolving claims that it inflated prescription drug prices charged to insurance companies. The settlement will benefit consumers and organizations who paid for prescriptions from Walgreens between January 1, 2007, and November 18, 2024, and used insurance benefits to cover the cost. The Continue reading
Understanding the WEP and GPO: How These Rules Impact Your Social Security Benefits
The Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) are key provisions affecting how certain retirees receive Social Security benefits. These rules, implemented decades ago, aim to align benefit payments with actual contributions to the Social Security system. However, they have sparked ongoing debate for their perceived unfairness to some pensioners, particularly in the Continue reading
Extra Child Tax Credit Available in These States: Is Yours Included?
The Child Tax Credit (CTC) has been a cornerstone of financial relief for families across the United States. As federal expansions phase out and legislative uncertainties loom, several states have stepped up with their own CTC programs to continue supporting families with dependent children. Here’s a detailed look at how the CTC landscape is evolving Continue reading
New SSI Payments with 2025 COLA: What You Need to Know About the January Changes
Supplemental Security Income (SSI) is a crucial financial lifeline for millions of Americans, providing essential support to those in need. With 2025 fast approaching, SSI recipients are gearing up for a change in their monthly payments, thanks to the Cost-of-Living Adjustment (COLA). Here’s everything you need to know about the upcoming SSI payments, including what Continue reading
$725 Monthly Stimulus Payments for Families in the Sacramento Primero Program
California is taking significant steps to support low-income families with the introduction of the Familias de Sacramento Primero program, which provides monthly stimulus payments of $725 to eligible households. This guaranteed income initiative, launched on December 15, 2024, is a vital resource for families struggling with inflation and the aftermath of the COVID-19 pandemic. The Continue reading