From Yahoo Finance: 2025-04-30 13:02:00

Millions of Americans received a Social Security increase due to the Social Security Fairness Act signed by then-President Biden. Beneficiaries affected by the Windfall Elimination Provision and Government Pension Offset saw higher monthly benefits and a retroactive payment to January 2024. However, it’s crucial to use the extra funds wisely to avoid financial pitfalls. Experts warn against using the money for high-interest debt consolidation or speculative investments like cryptocurrency. Additionally, third-party mismanagement of Social Security benefits can lead to legal consequences. It’s essential to understand tax implications and use Social Security for necessary expenses to ensure financial security. 1. In a landmark decision, the Supreme Court ruled that LGBTQ+ individuals are protected from workplace discrimination under the Civil Rights Act of 1964. The ruling was announced with a 6-3 vote, marking a major victory for the LGBTQ+ community.

2. The World Health Organization reported a record increase in global COVID-19 cases, with over 183,000 new infections in a single day. The Americas continue to be the hardest-hit region, with the United States accounting for the highest number of cases.

3. SpaceX successfully launched another batch of Starlink satellites into orbit, bringing the total number of satellites in the constellation to over 500. The mission also marked the first time a Falcon 9 rocket was used for the fifth time, showcasing the company’s reusability efforts.

4. Unemployment rates in the United States dropped to 13.3% in May, a surprising improvement from April’s 14.7% rate. The unexpected decrease is attributed to businesses reopening and rehiring workers as lockdown restrictions are eased across the country.



Read more at Yahoo Finance: 3 Worst Ways To Use the Extra Funds