Social Security is an essential means of financial support for many older Americans. With so many baby boomers receiving Social Security payments, will there be enough money in the program for future generations? Key Takeaways Social Security provides financial support to retired Americans and Americans with disabilities. The baby boomer generation is so large that it is putting a strain on Social Security. Raising the retirement age and raising Social Security taxes are two ways to address...

Some of your favorite consumer products depreciate quickly, leaving you with a product worth much less than you paid. From electronics to fashion to cars and even vacation timeshares, these items all have one thing in common: They all plummet in value in the first year of ownership. Here are four categories of consumer products that depreciate rapidly. If you buy these products, they will lose a great deal of their value within a year. Key Takeaways Electronics, fashion, cars, and vacation...

After a divorce, child support payments are an important means of financial support. Understanding how child support works and how it is calculated is essential to both parents. “Child support is financial assistance that one parent provides to the other to help cover the costs of raising a child after a divorce or separation,” says Matthew Dolan, founding partner at Dolan Divorce Lawyers. “How child support is calculated differs from state to state; however, it generally considers factors...

Tips and ideas to lower the cost of your wedding Fact checked by Suzanne Kvilhaug The average wedding cost in 2025 is expected to reach $36,000, according to Zola, a wedding registry that surveyed close to 6,000 couples planning weddings. Bigger guest lists, pricey destination weddings, and splurging on professional planners and entertainers are a few of the many reasons for the rising price tag. Given the climbing price, some people may wonder if getting married is worth the cost. Key...

Retirees are finding savvy ways to make money from the hobbies they love. "Turning that hobby or creative venture into something exciting and meaningful financially has so many benefits, from shoring up retirement savings to increasing quality of life to staving off dementia," says Patrick McAndrew, founder of American Wealth Planner. Key Takeaways Retirees can turn their hobbies into money-making ventures. Starting a blog about your hobby and selling items you no longer use are two ways to...