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In 2025, more Americans are shifting away from relying on just one job and choosing instead to have multiple income streams. High inflation, rising living expenses, and increased job uncertainty have made it difficult for people to feel secure with only one paycheck. Many Americans struggle to handle unexpected costs, like a $1,000 emergency, without borrowing money or using a credit card. Because of these financial pressures, experts are encouraging people to build extra income through side jobs or small businesses that offer added stability and protection from economic ups and downs.

The Trump administration's recent proposal to limit eligibility for the Public Service Loan Forgiveness (PSLF) program has triggered debate across the country. PSLF helps public sector and nonprofit workers pay off their student loans after 10 years of service. The new rules would restrict organizations involved in activities the administration labels as "illegal," including those offering support to undocumented immigrants, providing gender-affirming medical care for minors, and even certain diversity and inclusion programs in schools. Additionally, the Secretary of Education would gain sole power to decide which groups qualify, raising concerns about fairness and politically biased decisions. These proposed changes highlight the increasing tension between policymakers over social issues and the direction of federal support for public service careers.

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.

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 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.

With prices rising faster than wages, many Americans are tempted to borrow money from their retirement accounts to pay bills or cover unexpected expenses. However, taking early withdrawals from a 401(k) isn't ideal because it often leads to heavy penalties and taxes. Usually, you'll pay an extra 10% penalty if you're under age 59½, plus regular income taxes on what you withdraw, which can quickly eat up over 30% of the money you take out. In fact, financial experts suggest exploring options like personal loans instead, so you avoid permanently losing out on the growth and long-term benefit of keeping your money invested for retirement.