The higher education sector is currently experiencing a significant transformation, marked by surprising trends in student enrollment and changing attitudes toward college. Despite an expanded eligibility for federal financial aid, fewer high school graduates are choosing to pursue a four-year college degree. This trend raises concerns about the accessibility and affordability of higher education in
Personal
The Internal Revenue Service (IRS) has released crucial updates regarding federal income tax brackets and standard deductions set to take effect in 2025. This announcement, made on a recent Tuesday, reveals that significant adjustments have been made to income thresholds across the tax spectrum. For individuals, the highest tax rate of 37% will apply to
As the holiday season approaches, Americans are gearing up to spend more than ever. This year, the National Retail Federation estimates that total holiday spending could reach an astonishing $989 billion, demonstrating an increasing trend in consumer indulgence during this festive period. Despite the burden of rising credit card debt—now over $1.14 trillion—consumers seem undeterred,
As the financial landscape continually shifts beneath the weight of policy decisions and economic indicators, investors often find themselves grappling with uncertainties. Among the myriad concerns, public debt emerges as a particularly pressing issue, capturing the attention of financial advisors and investors alike. Recent research by Natixis Investment Managers reveals that public debt tops the
In recent years, a confluence of rising prices and high interest rates has placed considerable strain on American households. A significant 37% of credit cardholders report having maxed out or nearly maxed out their credit cards since interest rates began to rise in March 2022, according to a revealing Bankrate report. With inflation outpacing wage
In recent years, the landscape of exchange-traded funds (ETFs) has undergone a significant transformation. Traditionally regarded as vehicles for passive investment strategies, ETFs have recently experienced an upsurge in actively managed counterparts. This shift comes as investors search for lower costs and precise management tailored to market conditions. In a market that was once dominated
The U.S. retirement system continues to face significant scrutiny, particularly in comparison with global counterparts. Recent assessments, including the Mercer CFA Institute Global Pension Index and Natixis Investment Management’s annual evaluations, reveal that America ranks poorly in the domain of retirement security, illustrating a critical need for reform. As individuals approach retirement age, many are
Social Security adjustments have significant implications for millions of American retirees. As we approach the start of 2025, the Social Security Administration (SSA) has announced an increase in benefits due to a cost-of-living adjustment (COLA) of 2.5%. This article will delve into the details of this change, explore its broader implications, and provide guidance for
The landscape of inherited Individual Retirement Accounts (IRAs) is about to shift significantly, particularly for heirs who find themselves managing these assets starting in 2025. Recent updates, spearheaded by IRS guidelines, mandate that many beneficiaries, especially non-spousal heirs, must begin taking yearly withdrawals from inherited IRAs, or face hefty penalties. For those navigating these new
The landscape of retirement savings for Americans is set for significant changes, especially for individuals nearing retirement age. The recent legislation, Secure Act 2.0, enacted by Congress, introduces a plethora of amendments aimed at enhancing the existing retirement framework. Although many of these changes are already underway, a pivotal adjustment concerning catch-up contributions will take