Finance

USA finance and payments live updates: student debt cancellation, $2,753 monthly check, tax refund, recession…

Headlines: 1 May, 2022

– Inflationary pressures mean that civilian workers’ average income declined 3.7% in real terms over the year ending March 2022

Wall Street had the worst day in over a year on Friday, with the Dow Jones (2.7%), NASDAQ (4.1%), and S&P 500 (3.6%) all closing the day down

– Amazon stock fell by fourteen percent, representing the worst day for the company in over eight years

President Biden confirms intention to announce decision on student debt cancellationin the coming weeks

Maine begins to send $850 stimulus checks to residents as infant cuts into purchasing power

Some states are offering higher SNAP benefit amounts as food prices increase

– Biden confirms that he will not be pushing for $50,000 of student debt forgiveness

– Where do the experts stand on renting vs buying in this new housing market

Helpful Information & links

– Looking for a status update on your tax refund? Use the IRS’ Wheres My Refund? tool.

Which states have the lowest prices for electricity?

Medicare enrollment:what you need to know

– Chicago provides $150 gas cards: how to apply

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