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  • Joined: July 9, 2024
  • Articles: 975

Millennials Hit Pause: Slowing Down Spending for Smarter Choices

Millennials are changing their spending habits by deliberately taking more time before making purchases. With rising inflation, uncertain economic times, and increased temptation from online shopping, many millennials now intentionally slow down their purchasing choices. They are doing this by unsubscribing from promotional emails, logging out of shopping apps, and avoiding easy one-click purchasing methods. This thoughtful pause lets them carefully consider each item's value and make purchases that align with their values, such as sustainability or supporting ethical brands. Because millennials represent a significant part of the economy, their new approach to saving and thoughtful spending could influence the wider economy and future buying trends.

Summer Squeeze: Inflation and Tariffs Tighten Americans’ Wallets

In the summer of 2025, economic challenges continue to worry many Americans and influence their spending habits. Persistent inflation, high interest rates, and new tariffs have combined to create uncertainty, pushing families to become more careful with their money. According to a Yahoo Finance/Marist poll, most people (81%) worry about how tariffs will affect their finances, while inflation remains the biggest concern for nearly half of respondents. As a result, many Americans are cutting back on common summertime spending, such as eating out, traveling, and shopping. This cautious approach reflects ongoing worries about the economy's stability and the uncertainty around future economic policies.

Pennsylvania Takes On Deepfake Scams With Groundbreaking “Digital Forgeries” Law

Pennsylvania recently enacted a groundbreaking law, Act 35 of 2025, to tackle the growing dangers posed by deepfake scams. Signed by Governor Josh Shapiro and sponsored by Senator Tracy Pennycuick, this new law targets scammers who use advanced artificial intelligence technology to create realistic but fake images, videos, and audio clips. Criminals have increasingly used deepfakes to deceive people—especially older adults—into giving away their money or personal information, and to manipulate people's views on politics and public figures. The law labels these fraudulent deepfake creations as "digital forgeries" and makes their creation and distribution illegal when intended to harm, trick, or scam others, while still protecting free speech rights for satire and parody.

Side Hustles Surge as Inflation Squeezes American Wallets

As inflation remains high and wages have not kept up with rising costs, more Americans are turning to side hustles to make ends meet. These side jobs, such as delivering food, freelance writing, babysitting, or selling handmade products online, are no longer just occasional gigs—they are becoming essential sources of income for many. People from all age groups, including younger workers, middle-aged adults, and even retirees, rely on these additional jobs to pay for their day-to-day living expenses. The current economic climate has shown that side hustles aren't just helpful extras; they're increasingly necessary for financial survival.

Trump Signs Landmark Tax Bill, Delivering Relief to Middle-Class America

On July 4, 2025, President Trump signed the "One Big Beautiful Bill Act" (OBBBA), a major update to America's tax laws aiming to provide stability for families, businesses, and students. The law makes permanent the lower individual tax rates from the 2017 Tax Cuts and Jobs Act and greatly increases the standard deduction, reducing taxes for many Americans. Lawmakers passed the legislation during a time of growing inflation, an aging population, and discussions about income inequality, intending to ease financial pressure on middle-class households, small businesses, and people repaying student loans. This marks one of the most significant tax updates in nearly ten years and will reshape financial decisions for millions of Americans.

High-Yield Savings Surge: Americans Secure Stability Amid Inflation

As of mid-2025, high-yield savings accounts have become increasingly popular due to economic pressures like inflation and rising living costs, along with Federal Reserve decisions to keep interest rates stable. These accounts now offer savings rates above 4.44%, which exceed the rate of inflation. This allows Americans to safely build their savings while protecting themselves against future financial uncertainty. As a result, more people are choosing to save carefully, rethink spending habits, and prioritize financial stability through these savings tools.

Savvy Savers Rejoice: High-Yield Savings Soar Above 4% Amid Fed’s Inflation Fight

As of July 2025, high-yield savings accounts have become especially attractive, offering returns above 4% because the Federal Reserve has maintained high interest rates. This interest rate strategy helps keep inflation under control by making borrowing more expensive, which can slow economic activities and reduce price pressures. While inflation has been gradually easing, these higher savings yields are benefiting savers by growing their money faster than rising prices. Economists and investors are closely monitoring the Federal Reserve’s upcoming meeting later this month to see if interest rates will stay high or begin to drop, a decision that could signal concerns about possible recession and shifts in economic policy.

Pennsylvania Warns Seniors of New Inheritance Scam Targeting Trust and Savings

In July 2025, Pennsylvania officials warned residents about a new inheritance scam targeting older citizens. Scammers pretend to be government officials or financial agents in emails, telling victims they have inherited money from a distant relative. These scammers create a sense of urgency and secrecy, pushing their targets to pay large "release fees" upfront, often totaling hundreds of thousands of dollars. Victims are persuaded by convincing emails designed to look official, and they are misled into trusting non-existent overseas financial companies. Officials emphasize that this scam is part of a larger rise in digital fraud that exploits economic uncertainty and people's trust in legitimate institutions.

Ease Into Wealth: How “Save More Tomorrow” Softens Retirement Saving Stress

The "Save More Tomorrow" plan, recently promoted by financial educator Tony Robbins, helps people gradually save more money for retirement without feeling significant strain on their budgets. Originally developed by behavioral experts Richard Thaler and Shlomo Benartzi, the strategy encourages people to automatically set aside a larger portion of their paychecks every time they receive a raise. This approach takes advantage of behavioral psychology, making increased savings feel less noticeable since individuals never see a reduction in take-home pay. With concerns in 2025 about inflation, trade tensions, and election-year uncertainty, financial experts believe strategies like "Save More Tomorrow" can offer worried Americans a comfortable yet effective path to stronger financial security.

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