Social Security’s Full Retirement Age Climbs to 67: What Americans Need to Know
The long-standing phrase “retire at sixty‑five” is now part of the past. As of 2025, the Social Security Administration’s full retirement age (FRA) is increasing.
Economy
Spain Increases Retirement Age to 67: Key Details and Implications
In a major shift for the Spanish labor market, Spain has officially raised the retirement age to 67, a move aimed at addressing the country’s aging population and ensuring the long-term sustainability of its pension system.
2026 Social Security COLA: Modest Increase Projected Amid Economic Uncertainty
The Social Security Administration (SSA) is anticipated to announce a Cost-of-Living Adjustment (COLA) of approximately 2.4% for 2026, marking the smallest increase since 2021.
Elon Musk Resigns from DOGE Amid Dispute Over Federal Spending
Elon Musk has stepped down as head of the Department of Government Efficiency (DOGE) after a brief but contentious tenure, citing disagreements with President Donald Trump over a substantial federal spending bill.
Electric Vehicles in the U.S. Face Uncertainty Amid Escalating U.S.-China Trade Tensions
The U.S. electric vehicle (EV) industry is confronting significant challenges as trade tensions between the United States and China intensify.
IRS Tax Refunds 2025: Deposits Are Active and Processing Times Improve
As of late May 2025, the IRS has begun issuing tax refunds for the 2024 tax year, with many taxpayers already receiving their payments.
U.S. Treasury to Cease Penny Production by 2026: What This Means for You
The U.S. Treasury Department has announced plans to discontinue the production of the penny by early 2026, marking the end of over two centuries of the one-cent coin’s circulation.