FICA dates back to 1935, the same year the U.S. established the Social Security program. In 1965, FICA was expanded to account for Medicare as well.

Struggling to save money? Two experts share practical tips to escape the paycheck-to-paycheck trap you might be in and start building financial freedom.

Because I’m better with finances, I got on his case on the first of each month to make sure the bill was paid.

According to a recent survey by Talker Research and DailyPay, 39% of American workers admitted that living paycheck to paycheck would be seen as an improvement to their financial situation. The survey also found that 44% had overdrafted their bank accounts in the prior month and that 38% had less than $1,

Meanwhile, the Senate reconvened on Wednesday morning and the next vote on legislation to fund the government is scheduled for Oct. 30, 2025, just a couple of days before federal food stamp program, the Supplemental Nutrition Assistance Program (SNAP), benefits are set to end.

The study, released Tuesday, found that nearly 24% of all households are classified as living paycheck to paycheck this year, meaning their immediate earnings go toward basic necessities. That share is slightly higher than last year, but the rate has slowed year over year.

A Talker Research survey of 2,000 employed Americans found that within 48 hours of payday, 48% of earnings have already been spent. Within the first 12 hours alone, more than a third disappears. Just 52% of each paycheck remains to stretch across the rest of the pay period, often two weeks or more.

The longest U.S. shutdown is likely ending soon, but its $10B–$15B cost, political fallout, and health care risks could linger long after the vote.

U.S. Sen. Lindsey Graham donated his entire paycheck received during the government shutdown to Upstate Warrior Solution (UWS) on Tuesday afternoon.