Category Earning

2025 Job Shift: Inflation Frustration Fuels Career Migration

In 2025, more than half of U.S. workers are planning to change jobs because of economic challenges like inflation and wage stagnation. Many people feel they're not getting enough pay raises to match rising living costs, causing frustration and pushing them toward new opportunities. The concern about inflation, along with uncertainty around the upcoming presidential election, is making employees worry about their financial stability. Additionally, one in five workers is even considering switching to completely new industries, particularly healthcare, finance, and technology, seeking better job security and growth potential.

Social Security Fairness Act Ends Pension Penalty for Public Retirees

The Social Security Fairness Act has removed two rules, the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO), which used to lower Social Security payments for certain retirees. These rules affected people who earned pensions from jobs such as teachers, firefighters, police officers, or other government careers where they didn't pay into Social Security. Before this change, those retirees had their Social Security benefits significantly reduced because of their government pensions. Starting with payments in January 2024, retirees who previously saw reduced benefits no longer face these cuts. This new law helps thousands of public sector retirees have greater financial stability during retirement.

Negotiating a higher salary

Negotiating a higher salary is an important skill that can greatly impact your financial future. When you're offered a job or a raise, it’s essential to know your worth and be prepared to discuss it confidently. Start by researching typical salaries for your position in your industry and location, so you have a solid idea of what others earn. Prepare your reasons for wanting a higher salary, like your experience, skills, and how you can contribute to the company’s success. During the negotiation, be polite but firm, and listen to the employer’s perspective. Remember, it’s a discussion, not a demand. By effectively communicating your value, you can increase your chances of getting the salary you deserve.

Side hustle ideas to boost income

Side hustles are a great way to earn extra income alongside your main job or studies. There are plenty of creative ideas to explore, such as freelancing in areas like graphic design, writing, or programming, which allow you to use your skills to make money. If you enjoy crafting, consider selling homemade goods on platforms like Etsy. You could also try pet sitting or dog walking for animal lovers or tutoring students in subjects you excel in. Additionally, driving for rideshare services or delivering food can fit into a flexible schedule. These side hustles can not only help you save for future goals but also teach valuable skills and provide experience in managing your own business.

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