Retirement Trends

Among the ripple effects is the potential for an overhaul of the federal student loan system for borrowers; the department oversees federal loans held by roughly 43 million Americans — or about 1 in 6 US adults.

About $1.8 trillion of their assets, and some of their owners, are in other countries.

While they appreciate the interest in efficiency, Andrew Biggs and Jason Fichtner fear beneficiaries will suffer.

The nation’s collective credit card debt expanded to $1.35 trillion in 2024, after U.S. consumers added $74 billion in credit card debt during the year.

As a result, more female employees are relying on workplace benefits to improve their mental and financial wellbeing.

Beginning March 27, to recover new overpayments, the Social Security Administration will automatically withhold 100% of recipients’ monthly benefits, the agency announced.