A 6.1% Bump in Social Security?

The news keeps getting better for Social Security recipients. It’s now projected that benefits will increase 6.1% in 2022, up from the 4.7% forecast just two months ago. That would be the most significant increase since 1983.1,2 It’s all about inflation. Social...

The Expanded Child Tax Credit

The federal government has upgraded its Child Tax Credit (CTC). Thanks to the American Rescue Plan Act, there are four notable differences in effect for the 2021 tax year only.1 First, the Internal Revenue Service is paying many families who qualify for the CTC 50% of...

Economic Lessons from Used-Car Inflation

Various factors drive used car prices  Inflation is defined as the general upward price movement of goods and services in an economy. The key word is “general.” Inflation tends to be uneven and affects the price of some items more than others.   If you’ve been in...