Social Security Trust Fund projected to run out of money by 2034 A potential 20% benefit cut could be the reality for Social Security beneficiaries if Congress doesn’t act to strengthen the program by the time the trust funds are expected to be depleted in 2034. However, according to a new report from the American…
San Francisco 49ers player Arik Armstead recently made headlines not just for his performance on the football field, but for his impressive pay stubs. With earnings of nearly $400,000 in one pay period and more than $4 million to date, Armstead’s pay stubs shed light on important financial lessons for W-2 employees. First and foremost,…
The Department of Labor released data on Friday showing that the labor market has worsened for Hispanic workers, with their unemployment rate increasing more than the national rate. In October, the overall unemployment rate rose 0.1% to 3.9%, the highest level since January 2022, contrary to expectations of it staying at 3.8%. Among Hispanic Americans,…
Title: Current CEO reveals the rising trend of multiple jobs among payment customers Current CEO Stuart Sopp has highlighted the growing need for additional sources of income as almost half of the firm’s payment customers are found to have more than one job. In an interview with CNBC’s “Fast Money,” Sopp revealed that approximately 20-25%…
United Auto Workers (UAW) union leaders in Detroit have approved a tentative agreement with Ford Motor. The deal includes $8.1 billion in new plant investments, $5,000 ratification bonuses, and other economic gains such as compounded wage increases and improved profit-sharing payments. The 4 ½-year tentative agreement was announced last week and will now be presented…
Negotiators from the United Auto Workers (UAW) union and Stellantis have reached a tentative agreement after six weeks of labor strikes, according to sources familiar with the matter. The terms of the deal are still subject to approval by UAW leadership before being announced publicly on Saturday. This agreement is modeled after the one reached…
Contract negotiations between the United Auto Workers (UAW) and General Motors (GM) are set to resume on Friday after intense talks took place on Thursday night and into the morning, according to sources familiar with the discussions. The potential deal is based on a tentative agreement reached by the UAW with Ford Motor on Wednesday…
United Auto Workers (UAW) union and Ford Motor are on the brink of reaching a tentative agreement that could put an end to a nearly six-week strike at the automaker, according to sources familiar with the matter. The announcement of the agreement is expected as early as Wednesday night, pending approval from UAW leaders. The…
3 in 4 of Gen Z prioritize quality of life over money, according to a report by Intuit. This trend, known as “soft saving,” challenges traditional notions of saving for the future. Soft saving refers to putting less money into savings and using more for immediate enjoyment. Gen Z, which values experiences over money, leads…
Ford Motor Company Executive Chairman Bill Ford has expressed concern about the ongoing strike by the United Auto Workers (UAW), stating that it threatens the future of the company and the American automotive industry. Ford, who has been involved in UAW negotiations for many years, urged union members and leaders to work together with the…
