Hundreds of thousands of workers will see more money in their paychecks starting next month due to minimum wage increases.

For annual inflation, for instance, the formula would look like this: Expressed as a percentage change. For instance, the CPI in June 2022 was 296.311. A year before, the figure was 271.696.

Howard Lutnick’s viral social media attack on Jerome Powell reveals the growing tension between Trump’s economic team and Fed ...

A variance inflation factor (VIF) provides a measure of multicollinearity among the independent variables in a multiple regression model. Detecting multicollinearity is important because while ...

The forecast for the Social Security cost-of-living adjustment (COLA) for 2026 has been revised upwards. The COLA is now estimated at 2.3%, up from a previous 2.1% forecast. This adjustment would ...

Do you feel like you spend more and more money every month but get less and less for it? That’s because you are.

In the formula above, $1,174 and $7,078 are known as the bend points. These are the only parts of the Social Security benefits formula that change from one year to the next. In 2025, they will ...

A new mom on TikTok is going viral for exposing just how expensive baby formula has become in the U.S. In a June 17, 2025, video, Jenna Chipps (@quenchyouradventure) showed grocery store prices ...

Illinois motorists will pay an average of about $6 more in gasoline taxes over the coming year as the state’s motor fuel tax ...

The Income Tax Department has announced the Cost Inflation Index for fiscal year 2025-26. This index helps calculate ...

Inflation rose less than expected in May, a month when the effects of higher tariffs were starting to become more widespread. Consumer prices rose 0.1% last month, while the annual inflation rate ...

For the new fare formula, the PTC had opted not to change three of the five components, which reflect year-on-year changes in core inflation, wages and energy prices.