Next Generation Wealth, 808 St. Paul Street, Baltimore, MD (2025)

07/11/2025

The average net worth that Americans feel is needed to qualify as wealthy has surprisingly declined, compared to last year, though it is still an eye-popping figure, Charles Schwab found.

The financial services company said in the latest edition of its "Modern Wealth Survey " that Americans now view $2.3 million as the benchmark for counting as wealthy, pointing to what they see as a worsening economy .

That marked a $200,000 decrease from 2024, when Americans said the net worth required to be classified as wealthy averaged $2.5 million, according to the survey.

The "threshold" they have cited for being deemed wealthy has been above $2 million since 2022.

Meanwhile, Americans surveyed for Charles Schwab’s yearly "Modern Wealthy Survey" reported thinking an average net worth of $839,000 was necessary for being "financially comfortable," the company found.

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The average that Americans felt was needed to be "financially comfortable " came in at $778,000 last year, meaning the amount has gone up year-over-year.

How big of a net worth Americans typically thought was necessary to be wealthy and financially comfortable varied among the different generations, the survey found.

For Baby Boomers, the average net worth for being rich was $2.8 million, higher than the other three generations, per Charles Schwab.

The report said both Generation X and Millennials felt a $2.1 million net worth made someone wealthy, while Generation Z pegged the necessary fortune much lower, at $1.7 million.

When it came to financial comfort, Baby Boomers once again put forward the highest average net worth: $943,000. Behind them were Millennials, at $847,000, and Gen X, at $783,000, the survey showed.

The average net worth that was needed to be "financially comfortable" among Gen Z was just $329,000.

RETIREMENT ACCOUNT BALANCES DIP IN 1ST QUARTER, BUT SAVERS KEEP CONTRIBUTING

Overall, 63% of those surveyed reported that it "feels like it takes more money to be wealthy today when compared with last year," Charles Schwab said. For 73% who felt that way, they cited inflation.

Inflation measured by the Consumer Price Index in May posted a 0.1% increase from the prior month while being 2.4% higher than a year ago, the Bureau of Labor Statistics reported last month.

Many – 62% – of respondents that said they thought "more money" was needed to be rich pointed to the economy . Taxes and higher interest rates, meanwhile, were the reasons cited by over four in ten for that perception, according to the survey.

The range of the Federal Reserve’s benchmark interest rate is currently 4.24% to 4.5%.

About 35% of Americans indicated they felt they were "wealthy now" or "on track to be wealthy," with 11% reporting the former and 24% saying the latter, according to Charles Schwab.

Gen Z had the rosiest views on being "wealthy or on track" to reaching that status, at 43%. A close share of Millennials – 42% – reported those sentiments, the survey found.

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Charles Schwab also said those "who are saving, investing, and have a financial plan are more optimistic about their wealth status or ability to reach wealth."

Happiness and funds stood out as the biggest factors in how Americans define wealth, according to the survey. They were cited by 45% and 44%, respectively.

That median wealth per U.S. adult was $124,041 in 2024, according to a separate report released last month by UBS.

The total number of millionaires in America hit 23.8 million last year, marking a 1.5% increase from the prior year, that report said.

The average net worth that Americans feel is needed to qualify as wealthy has declined, compared to last year, Charles Schwab found.

06/23/2025

FICO said on Monday that it is going to incorporate buy now, pay later (BNPL) data into credit scores as the payment method surges in popularity.

The FICO Score 10 BNPL and FICO Score 10 T BNPL will be the first credit scores from a leading credit scoring provider to incorporate this data. FICO said the scores represent a "significant advancement in credit scoring, accounting for the growing importance" of such loans in the U.S. credit ecosystem.

"Buy Now, Pay Later loans are playing an increasingly important role in consumers’ financial lives," Julie May, vice president of B2B Scores at FICO, said. By expanding its FICO Score 10 Suite with these new models, May said the company is "enabling lenders to more accurately evaluate credit readiness, especially for consumers whose first credit experience is through BNPL products."

HERE'S WHY THE AVERAGE US CREDIT SCORE IS FALLING

FICO said it utilized input from the largest lenders in the U.S. and that there was a broad consensus that integrating BNPL data into credit scoring "is a critical advancement that allows lenders to make more informed, accurate decisions while responsibly expanding credit access ."

FICO said these scores will provide lenders with greater visibility into consumers’ repayment behaviors and will enable a more comprehensive view of their credit readiness.

Lending services such as Afterpay, Klarna, Affirm and PayPal have risen to prominence as cash-strapped consumers looked to stretch their wallets as they contend with persisting inflation , high interest rates and student loan payments, which resumed in October 2023 after a pause due to the COVID-19 pandemic.

The services allow consumers to make purchases and pay for them in installments, often with no interest or fees. However, interest is tacked on to certain plans, and consumers can get hit with a late fee if they don't have adequate funds in their account to cover the payments.

RISKS OF BUY NOW, PAY LATER: 'TICKET TO OVERSPENDING,' EXPERT SAYS

Traditionally, they have been utilized for big-ticket items. However, these buy now, pay later financing options have become so popular in the current economic environment, that a growing number of consumers are even leveraging them to pay for necessities like food.

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Data from an April LendingTree report shows that 25% of such users have used the service to buy groceries, up from 14% a year ago.

FICO credit scoring models will be the first to include buy now, pay later data as the payment method continues to surge in popularity among American consumers.

06/20/2025

Retirement remains top of mind for many Americans, whether they are approaching their so-called "golden years" or have many years to go before leaving the workforce.

How much money a person needs to have saved to retire without financial stress is an important consideration in the retirement preparation process, and that can vary depending on various factors, including where someone intends to live and their retirement income sources.

A study released this week by GOBankingRates calculated the amount of money that a "comfortable" retirement would require without income from Social Security factored in and the associated yearly expenses a retiree would face in each U.S. state.

RETIREMENT ACCOUNT BALANCES DIP IN THE 1ST QUARTER, BUT SAVERS KEEP CONTRIBUTING

The analysis comes as Social Security, a common source of retirement income, is looking at potential financing issues with its trust funds in the future. The trustees for Social Security and Medicare recently found that if Social Security’s Old-Age and Survivors Insurance and Disability Insurance trust funds were combined, the trust funds would be able to pay 100% of scheduled benefits until 2034, one year earlier than reported last year. After that, the trust funds would be able to pay only 81% of scheduled benefits, meaning Social Security recipients would see a mandatory 19% cut automatically.

For the GOBankingRates study, the benchmark for a "comfortable" retirement was a person holding twice the amount of money as the cost of living expenses.

NEARLY HALF OF GENERATION X IS NOT CONFIDENT ABOUT RETIREMENT

Hawaii tops the list of where the most savings would be necessary to retire "comfortably" at 60 years old without Social Security, while West Virginia, nicknamed the Mountain State, required the least, it said.

GOBankingRates found the nest egg that a person would need to accommodate a comfortable retirement at 60 years old sans Social Security in each state.

Alabama ($70,492 cost of living per year): $1,409,839

Alaska ($110,457 cost of living per year): $2,209,137

Arizona ($100,281 cost of living per year): $2,005,627

Arkansas ($67,502 cost of living per year): $1,350,045

California ($155,117 cost of living per year): $3,102,333

Colorado ($114,744 cost of living per year): $2,294,882

Connecticut ($105,428 cost of living per year): $2,108,563

Delaware ($94,392 cost of living per year): $1,887,834

Florida ($97,119 cost of living per year): $1,942,374

Georgia ($86,005 cost of living per year): $1,720,096

Hawaii ($186,062 cost of living per year): $3,721,237

Idaho ($101,912 cost of living per year): $2,038,236

Illinois ($79,736 cost of living per year): $1,594,716

Indiana ($74,029 cost of living per year): $1,480,575

Iowa ($71,373 cost of living per year): $1,427,463

Kansas ($71,534 cost of living per year): $1,430,672

Kentucky ($71,410 cost of living per year): $1,428,204

Louisiana ($67,482 cost of living per year): $1,349,639

Maine ($98,612 cost of living per year): $1,972,231

Maryland ($101,991 cost of living per year): $2,039,812

Massachusetts ($136,626 cost of living): $2,732,517

Michigan ($73,780 cost of living per year): $1,475,595

Minnesota ($88,321 cost of living per year): $1,766,414

Mississippi ($65,523 cost of living per year): $1,310,451

Missouri ($73,667 cost of living per year): $1,473,335

Montana ($102,916 cost of living per year): $2,058,322

Nebraska ($76,792 cost of living per year): $1,535,846

Nevada ($103,661 cost of living per year): $2,073,215

New Hampshire ($110,761 cost of living per year): $2,215,216

New Jersey ($118,338 cost of living per year): $2,366,765

New Mexico ($81,627 cost of living per year): $1,632,542

New York ($105,619 cost of living per year): $2,112,384

North Carolina ($86,857 cost of living per year): $1,737,146

North Dakota ($78,734 cost of living per year): $1,574,682

Ohio ($73,120 cost of living per year): $1,462,391

Oklahoma ($69,161 cost of living per year): $1,383,214

Oregon ($111,541 cost of living per year): $2,230,814

Pennsylvania ($78,582 cost of living per year): $1,571,642

Rhode Island ($109,811 cost of living per year): $2,196,222

South Carolina ($81,586 cost of living per year): $1,631,721

South Dakota ($81,949 cost of living per year): $1,638,979

Tennessee ($81,474 cost of living per year): $1,629,482

Texas ($81,985 cost of living per year): $1,639,693

Utah ($110,623 cost of living per year): $2,212,458

Vermont ($97,999 cost of living per year): $1,959,971

Virginia ($96,141 cost of living per year): $1,922,813

Washington ($126,952 cost of living per year): $2,539,048

West Virginia ($64,715 cost of living per year): $1,294,300

Wisconsin ($84,485 cost of living per year): $1,689,700

Wyoming ($88,792 cost of living per year): $1,775,841

In early June, a Gallup survey found 50% of non-retired U.S. adults that own a retirement savings account felt they "expect to have enough to live comfortably in retirement."

STUDY SHOWS HOW LONG SOCIAL SECURITY, $1.5M NEST EGG WOULD LAST IN 50 STATES

Confidence was lower among those that lacked a retirement savings account, with only 31% reporting they anticipated having sufficient funds for comfortable golden years.

Eric Revell contributed to this report.

A study calculated the amount of money a "comfortable" retirement would require without Social Security factored in and the associated yearly expenses a retiree would face in each U.S. state.

06/17/2025

How people tackle their finances can vary but, according to new research from PYMNTS, there are two ways that are most common.

PYMNTS found just 40% of American consumers are "planners," meaning their strategy for money had more foresight.

That figure has gone down compared to the roughly half who tackled their personal finances that way in February of last year, according to the outlet .

Meanwhile, for 60% of consumers, financial matters are dealt with as they come, earning them the moniker "reactors," PYMNTS reported.

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For the former, they tended to have at least $2,500 saved and keep their credit card balances below $2,000 on average, as well as make regular payments on their balances, according to the outlet.

The latter typically amassed higher balances and had lower amounts of savings, per PYMNTS. They also reported taking care of their credit card balances less frequently.

The drop in "planners" could mean consumers are feeling more pain in their wallets, according to PYMNTS.

The two groups typically had different priorities when it came to money, with retirement being front of mind for many so-called "planners" and knocking down debt being a focus for "reactors," per the outlet.

A separate report released earlier this month by Fidelity Investments found the average 401(k) account balance in the first quarter was $127,100, while the balances for IRA and 403(b) accounts averaged $121,983 and $115,424, respectively.

RETIREMENT ACCOUNT BALANCES DIP IN 1ST QUARTER, BUT SAVERS KEEP CONTRIBUTING

Northwestern Mutual found in mid-April that Americans think they need $1.26 million saved to retire "comfortably."

PYMNTS reported that nearly one-third of financially-reactive consumers reportedly identified reducing their debt as a top priority.

Americans collectively had $18.2 trillion in debt as of the first quarter of the year, according to the Federal Reserve Bank of New York.

For the other type of consumer, investments and savings accounted for 12% of what they financially allocated for themselves on a monthly basis, PYMNTS also reported.

DEBT CRISIS DEEPENS AS 1 IN 4 AMERICANS FORCED TO CHOOSE BETWEEN BILLS AND BASICS

Additionally, the survey shed light on how different generations stacked up in terms of how they tackled finances, according to the outlet.

For Generation Z, 73% of those within that age group were considered "reactors," it said.

Members of the Baby Boomer generation, meanwhile, were more likely to be "planners," with the survey pe***ng the share in that generation at 54%.

When it comes to income, more of those taking home big bucks have started seeing themselves as "reactors" as inflation and other factors weigh on them.

Approximately 52% of high-income consumers labeled themselves as "reactors" in the survey.

The proportion of earners characterized as "planners" posted a 25% drop between February of last year and January of this year, according to PYMNTS.

The real median income for American households was over $80,600 in 2023, according to the latest data from the U.S. Census Bureau.

PYMNTS reported this week that its survey found just 40% of American consumers are "planners," meaning their strategy for money was more foresighted.

06/05/2025

Managing one’s finances can be challenging, especially when faced with conflicting – and often wrong – information fed to people, especially on social media.

Buying into common misconceptions surrounding money can be harmful, putting someone on their back foot when it comes to financial health.

Jonathan Kim, a personal finance expert and the head of finance at online savings platform Raisin, took aim at in an interview with FOX Business, including the idea that "it’s not worth saving unless you can put away a lot," buy now, pay later being a good budgeting tool, and a high salary being synonymous with financial success.

He also pushed back against the suggestion that people do not need savings accounts and that saving money should not occur before someone is debt-free.

"Some of these thoughts about paying off debt before saving, and not having a full understanding of why you might need savings and why certain debt actually might not be terrible, I think, is a widespread thing," Kim said.

STUDENT LOAN DELIQUINCIES SURGE, SENDING CREDIT SCORES PLUNGING FOR BORROWERS

The misconception that "it’s just not worth saving right now unless you can put away a lot" is a common one that he said he has seen on social media.

Kim said it’s "pretty easy to fall into this trap where you’re thinking, ‘If I can’t save X percent or X dollar amount, it’s just not worth the effort,’ and that’s a little too outcome-oriented for me."

He said consistency with saving was important, noting that even "starting with something like $10 a week can help build that financial resilience and can build a habit that sticks with you as you progress."

When it comes to high salaries and financial success, Kim said, there is "this myth and this propaganda" that a high salary equates to financial success when, in reality, financial health is more about managing money wisely.

Taking home a big paycheck is "obviously a wonderful thing, but I think it’s also very true that lifestyle creep is a very, very real thing, and if you don’t have the financial discipline and conscious saving and spending habits, it’s actually quite easy to just let lifestyle creep happen to you, and you find yourself struggling financially even after you’ve gotten that raise or that promotion or that new job," Kim said.

Budgeting can be a helpful tool to prevent lifestyle creep, Kim said, while also pushing back on the idea that it has "to be perfect" to work.

"You can have just a general understanding of what’s going in and what’s going out to get you started," he said. "And once you have that tracked, if you look at it over time, you can see ‘oh, I was only spending X amount, now I’m spending X times two. What happened there?’"

He also said that budgeting helps people "spend intentionally" and does not mean someone has to forgo "everything that brings you joy" to solely focus on necessities.

Kim touched on buy now, pay later services and whether it can be a good budgeting tool.

Buy now, pay later has become increasingly common in recent years as people look to split up and finance smaller purchases.

"If you are buying now and paying later because you don’t have the money now, that means you can’t afford it," he told FOX Business. "So if you can’t afford it today, you can’t afford it and so by that context, buy now, pay later encourages overspending, and that can lead to you accumulating debt, which then earns interest, and then you find yourself going down that rabbit hole of bad financial habits."

FINANCIAL EXPERT WARNS AGAINST THE HIDDEN TRAPS OF ‘BUY NOW, PAY LATER’ SERVICES

He said that was "kind of intertwined" with another misconception of people having to pay off all their debt before socking away money as savings.

"If you have high interest debt, like credit card debt, a variable mortgage, student loan debt, anything that could really hurt you or an interest rate can just go up, you certainly want to pay that off," Kim said. "But at the same time, the other side is that you may be lucky enough to be a person where you got a mortgage five years ago and your mortgage rate is very, very low. In that sense, it wouldn’t make sense to pay that off immediately."

Building savings while simultaneously making a dent in debt can be very beneficial.

He said it was important to have a financial plan and pay off debt but noted "things can happen in your life," so setting up an emergency fund by saving can prevent the sn*******ng of debt and interest should something happen.

He also said having a savings account was better than just using a checking account.

When someone keeps all their money in a checking account, it can be "actually easier to spend and harder to track your goals," according to Kim.

He noted balances in checking accounts can rise and fall with expenditures and income, making savings difficult to monitor. Many also offer very low or no interest on funds "so your money is actually not working for you," according to Kim.

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A dedicated savings account can establish a "physical boundary, in some senses, where you can see that that money is separate, and you can see it grow over time, which gives you a sense of accomplishment and keeps you going in some sense as it builds," he said.

They can have high interest rates that will help the savings passively grow over time, he added.

Buying into common misconceptions surrounding money can be harmful, putting someone on the backfoot when it comes to their financial health. An expert weighs in some common financial myths.

06/04/2025

Retirement account balances dipped in the first quarter due to stock market turbulence. Still, people kept socking away money for their retirement, according to new data from Fidelity Investments.

The financial services company analyzed more than 50 million retirement accounts, finding that the average balances of 401(k), IRA and 403(b) accounts all saw small declines during the first three months of 2025.

The average 401(k) account balance decreased 3% quarter over quarter to $127,100, according to Fidelity Investment’s Q1 2025 retirement analysis .

IRA accounts had average balances of $121,983 and 403(b) accounts held $115,424 on average in the first quarter, 4% and 2% lower than the prior quarter, respectively.

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Fidelity largely attributed those declines to "market swings ."

The market was turbulent during the first quarter amid uncertainty surrounding tariffs and other policy issues, including popular index funds.

Still, retirement savings rates "stayed consistently high," according to Fidelity.

For 401(k) accounts, employee contribution rates hit 9.5% during the first quarter, with the employer contribution rate coming in at 4.8%, according to its analysis.

Combined, the 14.3% savings rate for 401(k) accounts marked a "record" and the "closest it’s ever been to Fidelity’s suggested savings rate of 15%," the company said.

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Holders of 403(b) accounts , meanwhile, had a rate of 11.8% on average.

"Although the first quarter of 2025 posed challenges for retirement savers, it’s encouraging to see people take a continuous savings approach which focuses on their long-term retirement goals," Sharon Brovelli, president of workplace investing at Fidelity, said in a statement. "This approach will help individuals weather any type of market turmoil and stay on track to reach their retirement goals."

During the first quarter, which was plagued with market volatility, 17.4% of 401(k) holders upped the size of their contributions, while only 4.9% lowered theirs, the report found.

Meanwhile, contribution rates among 14.6% of 403(b) holders went up in the first quarter.

Only a small percentage of people with those types of retirement plans altered their asset allocation during the first quarter, with just 6% of 401(k) users doing so and 4.7% for 403(b), it found.

NEARLY HALF OF GENERATION X IS NOT CONFIDENT ABOUT RETIREMENT, SURVEY FINDS

Fidelity’s analysis also showed that people with IRAs upped the amount of money that they put in those retirement accounts in the first quarter by 4.5% compared to 2024’s first quarter.

A separate survey released Monday by Gallup found 59% of U.S. adults have funds put away in a retirement savings account.

Among those with retirement savings plans that have not yet left the workforce, half reported they "expect to have enough to live comfortably in retirement ," according to Gallup.

Retirement account balances dipped in the first quarter, but people kept socking away money for their golden years, according to new data from Fidelity Investments.

05/29/2025

Using "buy now, pay later" (BNPL) has become increasingly common in recent years as people look to split up and finance purchases they make.

According to Credit Sesame financial analyst Richard Barrington, some key steps people should take as they utilize BNPL include budgeting beforehand, reviewing the terms of the plan, determining what fees could be associated and being prepared for automatic payments.

"If you need BNPL to be able to pay for something, you have to question how you’re going to come up with the money to make the BNPL payments when they come due," he said, noting budgeting ahead of time can help someone figure out if they can foot the bill for what they’re buying and any debt they could build up because of it.

BUY NOW, PAY LATER PITFALLS: MANY CONSUMERS AREN'T PAY LOANS

He recommended reviewing what income will come in "over the term of the BNPL payments" and then subtracting "all the essential expenses you’ll have during that time" to help "see if you’ll have enough left over to cover BNPL payments."

"If not, you risk missing one of those BNPL payments and incurring late fees," he said.

Budgeting beforehand can "also help you avoid not being able to afford one of those essential expenses because you committed too much money" to BNPL, according to Barrington.

The Credit Sesame financial analyst urged people taking out BNPL loans to take a close look at the terms of the plan they’re signing up for.

"Know how much you have to pay and when," Barrington said. "Also pay attention to what happens if you don’t make a payment on time."

Knowing the timing and size of the BNPL payments can help avoid incurring a late fee, he said.

BNPL late fees averaged $7 for a loan taken out on a $135 purchase, according to the Federal Reserve Bank of Richmond.

Barrington advised "avoid signing a BNPL agreement you can’t take home and read first."

"Many BNPL arrangements are made at the point of sale, like in a store . That means you’re trying to understand the terms while you’re in a hurry and with lots of distractions around," he said. "Instead, take the agreement home with you to read, and then come back to the store to make the purchase. If it doesn’t seem worth that effort, perhaps you don’t really need to buy the item."

BNPL can have "strict payment terms" that can lead to late fees, so it’s important to know what the costs associated with the plans could look like, according to Barrington.

"These fees may look like they’re fairly low dollar amounts, but since BNPL purchases are generally for relatively low-priced items, they can represent a large percentage of the purchase price," he explained.

Some ways people can steer clear of late fees from BNPL include budgeting and knowing the terms of the installment plan they’re using.

On top of that, he said, creating calendar reminders or using automatic payment options can be helpful.

When it came to automatic BNPL payments, Barrington noted people should "pay close attention to the amount and schedule" because "otherwise you may find yourself hit with an overdraft fee if your bank account doesn’t have sufficient funds to cover the payments."

COSTCO ROLLS OUT BUY NOW, PAY LATER FOR BIG ONLINE PURCHASES THROUGH AFFIRM

Some BNPL services make enrollment in automatic payments mandatory, he said.

However, people should not take out more than one out at a time, according to Barrington.

"People often turn to BNPL loans when they’re having trouble making ends meet," he said. "That’s not going to get any easier if they take on multiple BNPL obligations that they’re going to have to come up with the money for in the months to come."

He said to "avoid using BNPL for anything whose useful life lasts less time than it will take you to finish paying off the BNPL loan."

BUY NOW, PAY LATER USAGE FOR GROCERIES NEARLY DOUBLES AS CONSUMERS STRUGGLE WITH FOOD COSTS

Another tip that Barrington had was to look into secured credit cards or "becoming an authorized user on someone else’s card" instead of BNPL.

"Secured credit cards or having someone sign you on as an authorized user of their card can be a way in for people who don’t have good enough credit to qualify for a card on their own," he said.

Credit requirements can differ from card to card. Americans had FICO Scores of 715 on average last year, according to Experian.

Explore the rise of 'buy now, pay later' services and learn key tips for managing BNPL payments, including budgeting, understanding fees, and avoiding late charges.

05/24/2025

President Donald Trump’s "big, beautiful bill" cleared the House and is making its way through the Senate.

Still, critics point out the bill, which is over 1,000 pages, will add trillions to what is already ballooning government debt hovering at $36 trillion and deficits. However, U.S. Treasury Secretary Scott Bessent believes this can be managed.

"We think that we can both grow the economy and control the debt. What’s important, Bill, is that we grow the economy faster than the debt. What I would tell your viewers to focus on, what I am focused on, what Secretary Yellen was focused on is what is the total debt to GDP because we can grow our way out of this," Bessent said during an appearance Friday on Fox’s "America’s Newsroom" with Bill Hemmer.

NATIONAL DEBT TRACKER: AMERICAN TAXPAYERS (YOU) ARE NOW ON THE HOOK FOR $36,214,475,432,210

Still, the bill contains several provisions that will benefit American workers and everyday households. FOX Business explains how your money may be affected.

Hardworking Americans won’t have to pay taxes on the tips they make. While this is good for service employees, it may mean lost revenue for the government…continue reading here

Typically, you start a 401(k) when you begin working, getting matched contributions from your employer. The bill may expand similar investment vehicles to newborns and other child tax credits…continue reading here.

High-tax blue states, such as New York, likely secured a win with a big bump for SALT, a deduction for state and local taxes, previously capped at $10,000…continue reading here

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If you own or buy a car made in the U.S. using an auto loan, the interest is on track to be eligible for a deduction…continue reading here.

Trump made it clear the Medicaid program, which provides basically free health insurance to Americans who meet income requirements, won’t be gutted. Not everyone is convinced…continue reading here

Changes to food stamps and nutrition assistance, formerly known as SNAP, or the Supplemental Nutrition Assistance Program, are part of the tax bill. Here’s what may change…continue reading here

President Donald Trump's tax bill will affect how you earn and save money and includes potential new deductions and changes to government programs, including Medicaid and food stamps.

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