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Yahoo
21 hours ago
- Business
- Yahoo
IRS Reportedly Confirms $1,390 Stimulus Checks For Eligible Americans, Rumors of $2,000 August Payout Debunked — Plans Late Summer Rollout (UPDATED)
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Editor's Note: This story has been updated to include a comment from an IRS spokesperson. Millions of Americans may be eligible for a $1,390 stimulus check by the U.S. Treasury Department and the Internal Revenue Service, as part of a plan aiming to provide financial relief to low and middle-income households. Officials Dispel $2,000 Rumors, Confirm $1,390 Stimulus While rumors continued to swirl around a potential $2,000 check in August, the IRS has denied that it has any such payment planned, but has confirmed the legitimacy of $1,390 payout, which it says is on track for low and middle-income Americans, according to a report by India's The Economic Times newspaper. The eligibility criteria for a $1,390 check follow the same income thresholds as past stimulus programs, such as up to $75,000 in income for individual taxpayers, $150,000 for married couples and $112,500 for heads of households. Trending: The same firms that backed Uber, Venmo and eBay are investing in this pre-IPO company disrupting a $1.8T market — The payment, as always, is tax-free and will not impact benefits from other programs such as Medicaid, SNAP, Social Security, Veterans Affairs, or Railroad Retirement. This is aimed at helping Americans cover rent, food and medical costs, at a time when living expenses remain elevated for millions. An IRS spokesperson pointed out to Benzinga that Taxpayers had until April 15, 2025, to claim the Recovery Rebate Credit. They said there was "nothing else since then."The Treasury didn't immediately respond to Benzinga's requests for a comment on this matter. This story will be updated as soon as we receive a DOGE Dividends And Tariff Rebate Plans Early this year, President Donald Trump proposed a 'DOGE Dividend' tax refund plan, as part of which 20% of the savings achieved by his administration's Department of Government Efficiency will be returned to American citizens. Critics such as Erica York, Vice President of federal tax policy at the Tax Foundation, however, have warned that such a move would 'reduce the effectiveness of the entire effort.' A few weeks ago, Trump proposed issuing tariff rebate checks to Americans, funded by the tariff revenue being collected by the government. 'We're thinking about a little rebate,' he said, while also emphasizing the need to pay down the national debt. Following this, Sen. Josh Hawley (R-Mo.) introduced a bill based on the same, named the 'American Worker Rebate Act.' The Bill proposes sending tariff rebate checks worth at least $600 for every adult and child, with larger rebates if tariff revenues surpass projections. Photo Courtesy: Steve Heap On Read Next: 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can invest today for just $0.30/share. Bezos' Favorite Real Estate Platform Launches A Way To Ride The Ongoing Private Credit Boom This article IRS Reportedly Confirms $1,390 Stimulus Checks For Eligible Americans, Rumors of $2,000 August Payout Debunked — Plans Late Summer Rollout (UPDATED) originally appeared on
Globe and Mail
15-07-2025
- Business
- Globe and Mail
National Survey: Middle‑Income Americans Continue to Navigate Elevated Cost of Living and Economic Uncertainty
Middle‑income Americans are still adjusting to a higher cost of living and ongoing financial pressures, according to the latest Primerica ® U.S. Middle‑Income Financial Security Monitor™ (FSM™) . The survey finds that 65% of middle-income Americans believe their income has not kept pace with rising expenses — a sentiment that has remained remarkably consistent for more than four years, highlighting the challenges families feel as prices outpace paychecks. 'Middle‑income families are making tough decisions every day to cover the essentials and save for the future, and it continues to shape how they perceive the overall economy, with many feeling less confident and more cautious about what lies ahead,' said Glenn J. Williams, CEO of Primerica. 'That makes it even more important for families to seek sound financial advice. A financial professional can help families find the money in their budgets, reprioritize expenses and build a realistic path to save for the future. Even starting with a small amount can make a significant difference over time.' Middle‑income Americans continue to rate the economy poorly. More than three-quarters (80%) rate it negatively — a figure that has remained consistent over the past year. Amid ongoing economic uncertainty, a strong majority (83%) say they want to take steps to protect themselves financially for the long term — yet only 36% are actually doing so. 'The data shows how hard middle‑income families are working to stay afloat in an increasingly uncertain economic landscape,' said Amy Crews Cutts, Ph.D., CBE ®, economic consultant to Primerica. 'While sentiment shifts slightly from quarter to quarter, concerns about rising costs and financial stability remain top of mind for many households.' Additional key findings from Primerica's Q2 2025 U.S. Middle-Income Financial Security Monitor™ (FSM™): Middle-income Americans remain stressed at near record-high levels. A majority (61%) continue to report feeling 'stressed' about money and finances, with nearly half (45%) saying they feel 'discouraged.' Those who use a financial professional are less likely to say they are stressed and discouraged and more likely to say they are 'confident' or 'proud.' Credit cards increasingly serve as a financial lifeline. About 39% of middle-income Americans say they have increased their credit card use, an 11‑point rise from Q1 2025 and the highest level recorded since early 2023. Meanwhile, just 32% pay their credit card balance in full each month, and 60% say their credit card debt has increased or remained the same. Many feel underprepared, increasingly concerned about retirement. Nearly two-thirds (63%) do not believe they are saving enough to retire comfortably, and 39% aren't participating in an employer‑sponsored retirement or life insurance benefit, citing affordability as the primary barrier. Saving for the future remains a challenge for most. Nearly three-quarters (71%) of middle-income Americans rate their ability to save for the future negatively, and nearly 40% report only having enough money to cover basic needs for one month or less should the primary breadwinner in their household lose their job. Primerica Financial Security Monitor™ (FSM™) Topline Trends Data Jun 2025 Mar 2025 Dec 2024 Sept 2024 Jun 2024 Mar 2024 Dec 2023 Sept 2023 Jun 2023 How would you rate the condition of your personal finances? Share reporting 'Excellent' or 'Good.' 46% 48% 45% 44% 49% 50% 50% 49% 50% Analysis: Respondents' assessments of their personal finances are down slightly from where they were a year ago. Overall, would you say your income is…? Share reporting 'Falling behind the cost of living' 65% 69% 65% 68% 66% 67% 68% 72% 71% Share reporting 'Stayed about even with the cost of living' 24% 23% 29% 24% 26% 25% 24% 20% 22% Analysis: Concern about meeting the increased cost of living remained steady. And in the next year, do you think the American economy will be…? Share reporting 'Worse off than it is now' 61% 76% 55% 25% 40% 46% 53% 56% 57% Share reporting 'Uncertain' 4% 4% 9% 34% 19% 18% 9% 9% 9% Analysis: The share of respondents expecting the economy to worsen over the next year has improved sharply since the previous poll in March 2025. Do you have an emergency fund that would cover an expense of $1,000 or more (for example, if your car broke down or you had a large medical bill)? Reporting 'Yes' responses 60% 64% 59% 61% 63% 62% 60% 62% 61% Analysis: The percentage of Americans who have an emergency fund that would cover an expense of $1,000 or more has fallen since the previous survey. How would you rate the economic health of your community? Reporting 'Not so good' and 'Poor' responses 59% 66% 63% 63% 58% 60% 57% 55% 54% Analysis: Respondents' rating of the economic health of their communities has stayed about the same over the past year. How would you rate your ability to save for the future? Reporting 'Not so good' and 'Poor' responses 71% 71% 71% 73% 68% 67% 73% 71% 71% Analysis: A significant majority continue to feel it is difficult to save for the future. In the past three months, has your credit card debt…? Reporting 'Increased' responses 31% 31% 34% 35% 30% 34% 35% 34% 33% Analysis: Credit card debt has remained about the same over the past year. About Primerica's Middle-Income Financial Security Monitor™ (FSM™) Since September 2020, the Primerica Financial Security Monitor™ has surveyed middle-income households quarterly to gain a clear picture of their financial situation, and it coincides with the release of the monthly HBI™ four times annually. Polling was conducted online from June 2-5, 2025. Using Dynamic Online Sampling, Change Research polled 1,241 adults nationwide with incomes between $30,000 and $130,000. Post-stratification weights were made on gender, age, race, education and Census region to reflect the population of these adults based on the five-year averages in the 2021 American Community Survey, published by the U.S. Census. The margin of error is 3.0%. For more information visit About Primerica, Inc. Primerica, Inc., headquartered in Duluth, GA, is a leading provider of financial products and services to middle-income households in North America. Independent licensed representatives educate Primerica clients about how to better prepare for a more secure financial future by assessing their needs and providing appropriate solutions through term life insurance, which we underwrite, and mutual funds, annuities and other financial products, which we distribute primarily on behalf of third parties. We insured over 5.5 million lives and had approximately 3.0 million client investment accounts on December 31, 2024. Primerica, through its insurance company subsidiaries, was the #3 issuer of Term Life insurance coverage in the United States and Canada in 2024. Primerica stock is included in the S&P MidCap 400 and the Russell 1000 stock indices and is traded on The New York Stock Exchange under the symbol 'PRI'. For more information, visit
Time of India
28-06-2025
- Business
- Time of India
DDA's Apna Ghar Awaas Yojana 2025: 850+ Flats Sold in a Month, Narela Dominates Bookings
NEW DELHI: Within a month of launching the 'Apna Ghar Awaas Yojana 2025', the Delhi Development Authority (DDA) managed to sell over 850 flats, with 630 flats or 75% of the units sold in Narela alone. Tired of too many ads? go ad free now According to officials, of the total flats sold, 150 were in Loknayakpuram, and 50 in Siraspur. 'The positive momentum of the scheme is particularly evident in Narela, where all 115 EWS flats in Sector A1 A4 were fully booked. Additionally, MIG flats in Loknayakpuram are almost sold out,' said the official. The scheme offered ready-to-move-in flats at discounted rates across various categories, including Economically Weaker Sections (EWS), Low Income Group (LIG), Middle Income Group (MIG), and High-Income Group (HIG) flats in sectors of Narela, Loknayakpuram, and Siraspur. 'It is an entirely online scheme for which registration opened on May 27. Its key features include a first-come, first-serve approach, the availability of ready-to-move-in flats, and the option for prospective buyers to visit sample flats for site inspections. Prospective homebuyers are also encouraged to visit the official DDA website, to explore the available flats and secure their preferred unit,' stated the official. "DDA has implemented several buyer-friendly measures such as an integrated online enquiry portal, enhanced communication with purchasers, and comprehensive transfer of property documentation. The authority is making the best efforts to popularise the scheme, which strategically offers a total of 7,500 units at a notable 25% discount on LIG flats and 15% on EWS, MIG, and HIG categories,' said officials. While the scheme was launched by Lieutenant Governor VK Saxena on May 20, he also unveiled a specialised chat-bot service for DDA housing schemes. Tired of too many ads? go ad free now According to officials, this service provides numerous benefits to the public, including round-the-clock citizen support, improved communication, and public transparency, offering continuous assistance regarding housing schemes, applications, and allotment enquiries. 'We are simultaneously working to improve infrastructure and connectivity in and around above areas for the convenience of buyers and as per direction of LG. In Narela, DDA is coordinating with other agencies for the development of an education hub, urban extension road-2 (UER-II), and approval of the Rithala-Narela-Kundali metro rail corridor will benefit Narela. At Siraspur pocket, the location of flats is near GT Karnal Road and Samaypur Badli Metro, ensuring seamless connectivity,' said the official. The registrations for flats will continue till August 26, subject to possible extensions. People can book on the DDA website after submitting the booking amounts of Rs 50,000 for EWS flats, Rs 1 lakh for LIG flats, Rs 4 lakh for MIG flats, and Rs 10 lakh for HIG flats. People can do the booking online for the scheme. Residential units offered included 564 LIG flats in Siraspur, along with 150 LIG and 96 MIG flats in Loknayakpuram. In Narela, the available units consist of 694 EWS flats, 5,384 LIG flats, 386 MIG flats, and 226 HIG flats.
