Author: Mark Garro

Millennials and Gen Xers are increasingly joining the “Sandwich Generation,” caring for both children and aging parents. The demands of elder care, including the staggering $522 billion in unpaid services annually, highlight a growing crisis in America’s long-term care system. Economic and Mental Strain The necessity for long-term care among the elderly is straining both […]

As tax season approaches, the Internal Revenue Service (IRS) has introduced a checklist designed to make the tax filing process easier for 2023 returns. The checklist includes a mix of traditional preparation tips and provides new technological aids. The IRS’s updated guidance follows the country’s tax authority’s increased scrutiny of taxpayers with more audits. Preparation […]

As the new year brings a swathe of new economic data and predictions, economists are making their call on the interest rates, with forecasts pointing towards a bit of a reprieve for mortgage holders. The impact of these changes on both homebuyers and sellers could be significant, and household budgets may get to enjoy a […]

Americans are feeling the pinch more than ever as everyday expenses, from utility bills to child care, are soaring. This surge is reshaping the financial landscape of the average household, challenging the pursuit of the so-called “American Dream.” Electricity Bills Shocking Households Electricity costs have surged, with a 25% increase since January 2020. This hike […]

In a move set to impact millions, the Social Security Administration (SSA) has announced a significant increase in Social Security and Supplemental Security Income (SSI) benefits. Starting in December, retirees across America started to receive higher payments, a timely boost amid rising inflation and financial uncertainty. Adjustments in the Air The SSA has confirmed that […]

In 2024, a series of substantial state tax reforms will impact American taxpayers across the country. The changes, including gas and food tax adjustments and new tax credits, have significant implications for all Americans. Gas Tax Adjustments In Oregon, the state’s gas tax will increase to 40 cents per gallon, a move keeping it within […]

Navigating the complicated American healthcare system is proving challenging for many patients. The complex processes from selecting insurance plans to deciphering medical bills is inadvertently causing patients to shoulder higher out-of-pocket costs. A Crisis of Confusion Patients are consistently finding themselves mired in confusion, as the complexities of insurance plans and medical billing procedures often […]

A new report from the U.S. Department of the Treasury (USDT) has painted an optimistic picture of the American economy, with the latest economic data suggesting reduced inflation, increased real wages, and low unemployment rates. As many households continue to feel the pinch, it appears individual financial experiences may not fully align with this positive […]