IRS increases 401(k), other 2025 retirement plan contribution limits

The IRS released its updated contribution limits and adjustments to eligibility thresholds for 401(k) plans, IRAs and other retirement plans to account for inflation.

These states are boosting minimum wage in 2025—is yours on the list?

Starting January 1, 2025, nearly half of U.S. states will implement minimum wage increases, benefiting an estimated 9.2 million workers.

Chinese hackers breach US Treasury workstations: Key details to know

Chinese state-sponsored hackers infiltrated the U.S. Treasury Department by exploiting a vulnerability in third-party software provider BeyondTrust, granting them remote access to several workstations and unclassified documents.

Social Security January payment schedule: Here’s when beneficiaries will get their checks

Here is the January Social Security payment schedule for retirement, disability, and survivor beneficiaries, as well as those who receive Supplemental Security Income (SSI).

Is Illinois better prepared for the next recession?

Illinois is in better position to endure a future recession than it was in 2008 or 2020, a new study found.

Chicago's housing market is heating up
video

We talk to a local real estate agent about the year over year housing growth in specific areas in the city and suburbs.

Social Security changes coming in 2025
video

The Social Security Administration is set to make some major changes next year.

Watch out for return scams
video

Now that the holidays are over, scammers are targeting victims in a new way.

These US retailers and restaurants fell to bankruptcies, closings in 2024

The Container Store and Party City join Macy's, Stop & Shop, Big Lots and a handful of national pharmacy chains that are rolling up the sidewalks as a divide rocks the retail world.

Tips on avoiding winter scams
video

Scammers are constantly devising new tactics to deceive victims.

These retailers are closing stores in 2025

Major retailers are shutting down stores nationwide next year as the companies try to adjust their business operations and slash costs amid changes in the industry.