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Author: Danielle Antosz

  • ‘Premiums will have to increase accordingly’: Trump’s tariffs could drive up car insurance costs by 13%. Here’s how trade policies affect premiums and what you can do to save on car insurance

    Florida drivers already pay some of the highest car insurance rates in the U.S., and those rates could go even higher if President Trump’s automotive tariffs remain in effect. On April 9, Trump put a pause on most of his global tariffs, but tariffs on cars and car parts were reportedly not included in the announcement.

    Floridians currently pay an average of $263 per month for full coverage car insurance, which is the fifth-highest rate in the nation, according to Insurify. The company’s study found that tariffs introduced by Trump could drive car insurance costs up by as much as 13% by the end of 2025.

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    For Florida drivers, this means annual insurance premiums could reach $3,576 — an increase of $410 — with approximately 92 of those dollars directly tied to Trump’s tariffs.

    But it’s not just Florida drivers who will feel this pinch. Here’s why tariffs matter for policyholders across the country, and what you can do to manage rising costs.

    The hidden impact of tariffs on auto insurance

    When tariffs increase costs on imported goods such as vehicle parts, these expenses inevitably trickle down to consumers. Trump’s tariffs on automotive imports could significantly raise the costs of car repairs and replacement parts.

    “As the price of replacement parts increases, premiums will have to increase accordingly,” said Daniel Lucas, carrier relations manager at Insurify.

    This means insurers face higher payouts for claims due to increased repair expenses, and insurance companies have to recoup these losses from somewhere. Typically, this comes in the form of higher insurance premiums for drivers.

    Auto repair parts from Canada and Mexico make up approximately 32% of U.S. auto part imports, and vehicle damage accounts for roughly 60% of the costs for full-coverage car insurance, reports Insurify.

    These tariffs add layers of additional expenses each time parts cross the border into the U.S., and the compounded effect can substantially increase the overall cost of repairs. For example, if assembling an engine in the U.S. requires importing three separate parts from Canada and Mexico, each crossing the border individually, all three parts will incur its own tariff.

    Imagine that the assembled engine then crosses the border again to be installed into a vehicle, and afterward, the entire car is imported back into the U.S. Multiply this scenario across thousands of vehicles and numerous components, and the cost increase becomes substantial.

    However, there is some good news. According to Andrew Whitman, a finance professor at the University of Minnesota, consumers may not see these costs reflected in their monthly insurance statements right away.

    “It will take some time for that cost to work through the system,” Whitman shared with Insurify. “Insurance companies have to file for rate increases, and those rate increases have to be based on increased claim costs.”

    Read more: Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan ‘works every single time’ to kill debt, get rich in America — and that ‘anyone’ can do it

    How to rein in your car insurance costs

    While drivers can’t control tariff policies, there are several ways to minimize the financial hit of rising insurance premiums.

    Shop around

    Don’t settle for the first quote you get. Rates can vary significantly between insurers, so take the time to gather and compare multiple quotes to ensure you’re getting the best rate possible. If you’ve had the same policy for a while, shop around to see if you can find a better deal — just pay attention to policy details so you don’t reduce your coverage without realizing it.

    Bundle policies

    Many insurance providers offer substantial discounts if you bundle your car insurance with homeowners, renters or other insurance policies. Bundling can simplify your coverage and provide meaningful savings, but make sure to compare all the rates with those from other providers.

    Look for discounts

    Most insurers provide discounts for specific demographics or meeting certain criteria, such as safe driving records, good grades or installing anti-theft devices. Students, teachers, first responders, military personnel and their families may also qualify for discounts. Ask your insurance provider about discounts that you might be eligible for.

    Consider raising your deductible

    Increasing your deductible — the amount you pay out-of-pocket before your insurance kicks in — can lower your monthly premium significantly. Just make sure you have sufficient savings to cover the higher deductible in case of an accident. You should also avoid making insurance claims for minor dings and dents, as this can raise your rates.

    Compare insurance costs when buying a new car

    Different vehicles attract different insurance rates. Before buying a new car, compare how much different car models will cost you in insurance premiums. Opting for cars with lower repair costs or stronger safety records can help reduce your annual insurance expenses.

    By understanding the factors impacting your insurance rates and actively managing your policy choices, you can help minimize the impact of tariffs on your wallet.

    What to read next

    This article provides information only and should not be construed as advice. It is provided without warranty of any kind.

  • ‘It’s devastating’: Thousands of Utah families are losing their food stamps to scammers — here’s how to protect your SNAP benefits

    ‘It’s devastating’: Thousands of Utah families are losing their food stamps to scammers — here’s how to protect your SNAP benefits

    Tiffany Wirtz was counting on her SNAP (Supplemental Nutrition Assistance Program) benefits to help her get through the month.

    But when she went to buy groceries in February her account had already been emptied, reports KSL TV 5. The money was spent at a business in New York, leaving her with just $1.30 to feed herself and her 12-year-old son for an entire month.

    “It doesn’t make any sense why you would take from people that already are struggling. We’re already barely keeping our heads above water just in our daily life.” Wirtz told reporters. “And then just a hit like that is… it’s devastating, really.”

    She’s far from alone. According to the Utah Department of Workforce Services, an average of 700 reports of stolen EBT benefits were filed each month from October 2024 through January 2025.

    The problem peaked in December when more than 1,000 Utahns reported the theft of their SNAP benefits. These benefits are distributed monthly through an Electronic Benefits Transfer (EBT) card, which works like a debit card at authorized grocery stores and retailers.

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    How does the scam work — and what are officials doing to stop it?

    Thieves often use skimming devices — small, hidden card readers attached to store card machines — to steal EBT card numbers and PINs.

    Some also use phishing texts or calls to trick recipients into revealing their card details. Once scammers have this information, they can clone the card and drain the account, often within hours of the monthly deposit being made.

    However, when EBT fraud occurs, victims have little recourse. The federal funds once used to reimburse stolen benefits ran out in December 2024, and the state has not stepped in to fill the gap.

    In a December memo, the U.S. Department of Agriculture told states they could use their own funds to replace stolen SNAP benefits. But Utah didn’t.

    “In order to be able to do that, the Department of Workforce Services would need to have funds,” said Kevin Burt, deputy director of the department. “And there were not funds approved to be able to issue that type of reimbursement.”

    Burt added that the department hadn’t requested those funds during the last legislative session because the deadline for funding requests came before officials realized the federal money would run out.

    Read more: Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan ‘works every single time’ to kill debt, get rich in America — and that ‘anyone’ can do it

    The USDA recently announced that states can now opt to upgrade their SNAP EBT cards to include chip technology, which could help deter card skimming. The federal government will reimburse states for half the cost of this upgrade. Utah officials say they’re exploring the option but haven’t committed to adopting chip cards yet.

    In the meantime, the Department of Workforce Services is working with its EBT card vendor to improve card security. But for some Utahns, the move is not enough and comes too late.

    “It’s not fair. It’s not our fault,” Wirtz said. “There should be some type of way for us to lock our card for us to protect ourselves.”

    How to protect your EBT/SNAP benefits

    Until more secure systems are in place, SNAP recipients must be vigilant about keeping their cards — and their benefits — secure. Here are a few ways to protect yourself from EBT fraud.

    Create a complex PIN and keep it a secret: Never share your card number or PIN with anyone who doesn’t live with you. At the store, cover the keypad when entering your PIN to keep prying eyes away.

    Watch for phishing attempts: State agencies will never call, text or email you asking for your PIN or full card number. Be cautious of messages asking for personal information, including emails and pop-ups on your computer.

    Change your PIN often: Consider changing your PIN monthly, right before your deposit hits. This can help prevent thieves from using stolen data to access your funds.

    Check your balance frequently: Monitor your EBT account for unauthorized charges or changes to your information. If you see any suspicious activity, change your PIN immediately and contact your local SNAP office.

    Report theft right away: If you think your benefits were stolen, contact your local SNAP office or the USDA Office of Inspector General. You should also consider filing a police report.

    For now, families like Wirtz’s are being forced to wait until the next month’s payment and rely on local food banks, which isn’t always enough. As discussions continue about card security upgrades and potential policy changes, victims need to stay wary and take precautions.

    What to read next

    This article provides information only and should not be construed as advice. It is provided without warranty of any kind.

  • ‘No going backwards’: As Donald Trump’s tariffs fuel rising U.S.-Canada tensions, dual citizen feels the ‘strain’ — how international relations can affect your wallet

    ‘No going backwards’: As Donald Trump’s tariffs fuel rising U.S.-Canada tensions, dual citizen feels the ‘strain’ — how international relations can affect your wallet

    As political tensions rise between the U.S. and Canada, partly fuelled by President Donald Trump’s tariff policies, some people are caught in the middle.

    Denise Amato, who currently lives in Tonawanda, New York, is a dual citizen of both countries. She says the current political climate has been challenging to navigate with her family and friends.

    "I’ve noticed there’s some strain," Amato told WKBW TV. "I’m a little concerned with that because we’ve been allies for so long."

    Born in Niagara Falls, New York, and raised in Welland, Ontario, she has deep roots on both sides of the border. She says recent conversations with family and friends increasingly revolve around politics.

    Tensions beyond trade policy

    Early in March, Trump imposed 25% tariffs on most imports from Canada, with an exemption for products that are compliant with the United States-Mexico-Canada Agreement (USMCA). On March 12, he placed 25% tariffs on global steel and aluminum imports, including from Canada. On April 3, the president imposed 25% tariffs on imported vehicles with some exemptions. Trump has also threatened further tariffs on Canadian dairy and lumber products.

    Canada, for its part, has responded by issuing retaliatory tariffs of its own on U.S. goods.

    But these aren’t the only actions that have caused friction between both nations. Trump has repeatedly suggested making Canada the 51st state of the U.S. — even mockingly referring to former Prime Minister Justin Trudeau as "governor" — comments Canadians perceived to be a threat to the country’s sovereignty.

    Regardless of whether or not Trump’s quips were simply playful jabs, current Canadian Prime Minister Mark Carney has signaled that the old relationship between Canada and the U.S. is over.

    "It’s clear the U.S. is no longer a reliable partner," he said at a press conference on March 27. "It is possible that with comprehensive negotiations, we could re-establish an element of confidence, but there will be no going backwards."

    Despite the turmoil and economic uncertainty between both countries, Amato insists she’s optimistic that the long-standing relationship between the U.S. and Canada will endure.

    “We are friends, and we will be friends forever,” she said. “So, let’s please not allow the political climate to affect that.”

    How international relations can affect your wallet

    International tensions aren’t just another headline for American consumers — they can have real-world impacts on personal finances.

    In the case of Canada and the U.S., individuals living near the border — particularly those with income or assets in both countries — can feel financial strain beyond the effects economic tools like tariffs have on sticker price. Fluctuations in currency exchange rates between the U.S. dollar and Canadian dollar can significantly impact purchasing power, investment returns and the cost of living.

    For example, when tariffs escalate tensions, investor confidence may fall, causing currency volatility. If the Candian dollar weakens, Canadians who earn income in Canadian dollars but have expenses or investments in the U.S. face reduced spending power. Conversely, a stronger Canadian dollar could mean Americans pay more for Canadian goods and services.

    Here are some ways to manage your personal finances in this time of uncertainty:

    • Look for ways to spend less so tariffs don’t impact your budget as much. For example, now is not the time to invest in a new vehicle unless you must.
    • If you have funds in both countries, pay attention to exchange rates and identify favorable times to transfer funds between countries.
    • Limit large cross-border purchases when exchange rates aren’t in your favour — this includes everything from appliances to real estate.
    • Diversify your assets by holding investments or accounts in both currencies and spending from whichever account is more favorable.
    • While politicians debate policy, consumers on both sides of the U.S.-Canada border are left navigating the ripple effects — making it more important than ever to stay informed and financially flexible.

    Sources

    1. WKBW TV: Dual citizen living in Western New York shares perspective on tension between U.S. and Canada, by Jeff Russo (Mar 24, 2025)

    This article provides information only and should not be construed as advice. It is provided without warranty of any kind.

  • Despite higher mortgage rates, US home sales rise 4.2% with median prices nearing $400K. Here’s what this means for your next real estate purchase

    As mortgage rates continue to rise, more homebuyers are entering the market and it’s putting pressure on prices — which could have a long-term impact on future homebuyers.

    Between January and February of this year, sales of existing homes rose 4.2% to 4.26 million units on a seasonally adjusted, annualized basis, according to the National Association of Realtors. Meanwhile, home prices are also climbing steadily — the median existing home price reached $398,400 in February, marking a 3.8% increase compared to one year ago ($383,800).

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    "Home buyers are slowly entering the market," said NAR Chief Economist Lawrence Yun. "Mortgage rates have not changed much, but more inventory and choices are releasing pent-up housing demand."

    As indicated by recent market trends, rising housing prices and mortgage rates are increasing the financial pressure on homebuyers and may continue to do so for the foreseeable future.

    Why do housing prices keep climbing?

    The rise in home prices is likely a result of a resilient job market, persistently low housing inventory and robust buyer demand. Even with mortgage rates hovering in the 6-7% range — which is significantly higher than pre-pandemic levels — buyers remain motivated by fears of even higher prices and lower home inventory in the future.

    A report from the U.S. Bureau of Labor Statistics states that total nonfarm employment rose by 151,000 jobs in February, while the unemployment rate remains relatively low at 4.1%. Most economic experts generally consider an unemployment rate between 4% and 5% to be healthy.

    As of the end of February, America’s inventory of unsold homes stood at 1.24 million units, which is up more than 5% from January, reports NAR. At the current monthly sales pace, 1.24 million units would be the equivalent of a 3.5 month supply, which is far below the six-month supply that is traditionally considered a balanced market between sellers and buyers.

    This tight market puts upward pressure on home prices, with buyers either adjusting their expectations, opting for smaller properties or stretching their finances further to secure homes before prices climb even more.

    “We are still in a relatively tight market condition,” Yun shared with CNBC.

    Interestingly, first-time homebuyers are entering the market in greater numbers, making up 31% of all sales in February, which is up from 26% the previous year. However, investor purchases have slowed significantly, dropping to just 16% of transactions, which is down from 21% last year.

    This shift suggests that more owner-occupants or second-home buyers are competing directly in the market, often with cash purchases, maintaining price stability despite higher borrowing costs.

    Read more: Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan ‘works every single time’ to kill debt, get rich in America — and that ‘anyone’ can do it

    How could this impact your next real estate purchase?

    To navigate this challenging real estate market, buyers may need to adjust their approach, potentially revising expectations regarding home features or considering properties in less competitive markets.

    Exploring alternate financing options can provide some relief, but they often come with some drawbacks. Products such as adjustable-rate mortgages, interest-only loans and balloon mortgages can be beneficial in the short term, but they may lead to significant financial challenges if buyers do not fully understand the terms and long-term implications.

    Buyers may also find it worthwhile to buy a home now and consider refinancing later if/when mortgage rates drop. Refinancing can lower monthly payments, reduce total interest paid or shorten the loan term. However, buyers should carefully evaluate refinancing costs, including fees and closing costs, to ensure this approach is appropriate based on their financial situation.

    Lastly, timing may also play a crucial role. Buyers who can be flexible and wait for traditionally quieter buying periods, such as the fall or winter seasons, might benefit from decreased competition and enhanced negotiating power.

    For current homeowners, rising home prices can offer advantages.

    "Each one percentage point gain in home price translates into an approximately $350 billion increase in housing equity for American property owners," Yun shared with NAR.

    Homeowners selling in the current market may find themselves with increased equity, providing additional cash to leverage toward their next purchase or investment.

    What to read next

    This article provides information only and should not be construed as advice. It is provided without warranty of any kind.

  • ‘It was total chaos’: Dozens of San Francisco HHS workers blindsided by mass firings as RFK Jr. slashes 10,000 jobs — here’s how US families can prepare for service cuts

    ‘It was total chaos’: Dozens of San Francisco HHS workers blindsided by mass firings as RFK Jr. slashes 10,000 jobs — here’s how US families can prepare for service cuts

    Dozens of stunned federal workers were terminated without warning as the U.S. Department of Health and Human Services (HHS) recently closed its San Francisco regional office.

    "It’s miserable. It’s awful. It has been awful for weeks — this threat, this lingering cruelty of ‘you’re going to be let go any day,’" Steven Weiner, a program specialist with the Office of Administration for Children and Families, told ABC7 News Bay Area.

    "It was total chaos.”

    The news came via email — sent before the workday had even begun on April 1. Employees left the Nancy Pelosi Federal Building with potted plants and framed photos in hand, walking away from careers that spanned decades.

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    The closure was part of sweeping federal workforce cuts under Health and Human Services Secretary Robert F. Kennedy Jr., which aims to eliminate 10,000 federal positions nationwide. San Francisco is just one of several cities facing cuts — HHS regional offices in Boston, New York, Chicago and Seattle have also been closed.

    Why were jobs cut?

    HHS said in a March 27 morning news release that the workforce reductions align with the Department of Governemnt Efficiency’s (DOGE) "workforce optimization" efforts and will save the agency $1.8 billion per year.

    However, state leaders are pushing back.

    California Attorney General Rob Bonta, along with a coalition of 23 states, filed a lawsuit against HHS, calling the terminations "dangerous, arbitrary, capricious and unlawful." The suit seeks to block the layoffs and restore access to the federal funding that supports essential state-run programs.

    Speaker Emerita Nancy Pelosi, whose name graces the now-empty San Francisco building, also condemned the closures. She warned they would “put the health and safety of Bay Area residents and all Californians in jeopardy.”

    The impact on the San Francisco office is especially devastating. The closure wiped out entire teams that managed programs like Head Start, early childcare, child welfare and family assistance — services designed to support the most vulnerable residents, including low-income families, children and seniors.

    “I’ve been here 25 years. This is the majority of my career,” Julie Fong, a regional program manager told 7 News. “We had an entire office of Head Start. They’re gone. They’re gone.”

    Another former employee, Erendira Guerrero, described it as a heartbreaking loss. “This was my dream job. I brought a plant. I planned to retire here. It feels like I’m leaving my home.”

    On April 3, two days following the layoffs, HHS Secretary Robert F. Kennedy Jr. told reporters that some of those workers may be reinstated.

    "Personnel that should not have been cut, were cut. We’re reinstating them. And that was always the plan. Part of the DOGE, we talked about this from the beginning, is we’re going to do 80% cuts, but 20% of those are going to have to be reinstated, because we’ll make mistakes," Kennedy said, according to CBS News.

    Currently, it’s not clear which employees or services may be reinstated.

    Read more: Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan ‘works every single time’ to kill debt, get rich in America — and that ‘anyone’ can do it

    What services will be cut — and how to prepare

    The closure impacts workers and threatens access to key social safety net programs, though what services will remain shuttered is uncertain. Families who rely on Head Start or assistance with childcare may experience delay or confusion as agencies scramble to fill the gaps. Taking a few proactive steps now may help you better manage the disruption.

    Connect with your community

    If you’re facing delays in benefits or services, tap into your personal network for help. Family, friends, neighbors and local community groups may be able to offer backup child care, meals or even temporary financial support. Check with faith-based organizations, mutual aid networks and parent groups in your area — they may have resources or be able to connect you with someone who does.

    Look for state or local alternatives

    Check with the California Department of Social Services or local nonprofit agencies. Community-based organizations often provide backup or supplementary support during federal transitions. Note that some contact information may change, so monitor changes to ensure you reach the right person.

    Get on waitlists early

    If you’re concerned about losing access to subsidized child care or other programs, get on alternative waitlists now. Child care and preschool lists can fill up fast, so getting on waitlists early could help you secure a spot and limit the disruption.

    Stock up where you can

    If your budget allows, try to stock up on essentials like diapers, wipes, pantry staples and medication. Visit food pantries and diaper banks if you need to. This can help ease the pressure if support is delayed or becomes more challenging to access.

    Despite the disruption to their jobs and lives, many displaced San Francisco Health and Human Services workers say they’re committed to serving their community.

    “If you are a Head Start director, or a state, county or nonprofit agency, you’ve got 65 people hitting the street with outstanding credentials and professional backgrounds who will serve,” Fong told reporters.

    “It’s been an honor to serve the citizens of this country.”

    What to read next

    This article provides information only and should not be construed as advice. It is provided without warranty of any kind.

  • ‘We have a huge problem’: A Chicago man says squatters moved into his home right before a showing and refused to leave — here’s why police didn’t initially intervene

    Steven Brill was excited to list his freshly renovated Tinley Park, Illinois home for sale. But shortly after posting the listing, his real estate agent called him to report a startling discovery — a family of four, complete with two dogs, had already moved into Brill’s home without permission.

    "I put the house on the market Monday evening, and then yesterday at 4 p.m., an agent went to go show the house for a showing," Brill explained to ABC 7 Chicago. "She said, ‘Hey, we have a huge problem. We have squatters in the house.’"

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    Despite seeing the deed, police initially couldn’t help Brill. The unwelcome occupants claimed they had a lease, even producing paperwork when confronted by police. But the police were unable to remove the squatters and told Brill he’d need to go through the eviction process.

    In Illinois, that’s a lengthy process that can take months. Here’s what Brill did instead.

    How did this happen?

    Squatters often take advantage of legal ambiguities and exploit the eviction process, which tends to favor occupants once a property is occupied. In Illinois, only the sheriff can perform evictions — and they need a court order to do so, which makes it challenging for landlords to remove squatters.

    In Brill’s case, the Tinley Park police initially deemed the provided lease credible enough not to intervene.

    "Though the lease is most likely invalid, that is not the officers’ responsibility to determine. Evictions are a civil matter," said a spokesperson for the Tinley Park Police Department.

    Real estate attorney Mo Dadkhah explained why in a statement to ABC 7.

    "Typically, when police or a sheriff shows up, they’ll say, ‘we have an agreement with the landlord.’ And at that point, the police officer doesn’t know if this document is real. They can’t throw someone out who could potentially be a tenant. So, they’ll tell the landlord, ‘you have to go through the eviction process,’ which unfortunately in the Chicagoland area, is lengthy. It’s long and time-consuming," Dadkhah said.

    Brill thought he would be forced to go through the eviction process, but a call to ABC 7 Chicago’s I-Team finally provided relief. The I-Team reached out to the Tinley Park police, who agreed to do more investigating and found that the lease the family provided was invalid. The paperwork didn’t have the correct address.

    With that information, the police were able to force the family to leave, and Brill is now back in his home.

    "I’m very glad I reached out to you guys. You were on it, jumped on it right away. I believe that calling you guys actually helped,” Brill told reporters. “I feel like that lit a fire, and got everybody moving even faster.”

    Read more: Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan ‘works every single time’ to kill debt, get rich in America — and that ‘anyone’ can do it

    How to minimize the financial impact of squatters

    Squatters are a growing problem across the U.S., and several states are passing legislation to address the challenge. Situations like Brill’s can quickly spiral into a costly burden from lost rental income, inability to sell, property damage and expensive legal fees.

    Landlords and homeowners can take several steps to protect their property, starting with securing vacant properties with surveillance cameras and motion-sensor lights. If you know your neighbors, make sure they’re aware the home is vacant and ask them to contact you if anyone appears to be living there. Regularly check locks and entry points for damage, too.

    Sometimes, legitimate renters can turn into squatters. To limit your risk, implement a thorough screening process, including background and reference checks. Documenting your property’s condition before listing or renting it can provide evidence for legal recourse if a squatter situation arises.

    For properties that are often vacant, like vacation or rental homes, it may be worth investing in squatter insurance plans. These specialized plans can cover lost revenue, legal expenses, court costs and property damage.

    Despite some experts saying it’s a relatively rare occurrence, the cost of squatters can be high. Ultimately, awareness, vigilance and immediate action are critical to safeguarding your property and finances from the risk of squatting.

    What to read next

    This article provides information only and should not be construed as advice. It is provided without warranty of any kind.

  • ‘You can see the name, date and the balance’: Scammers are selling Social Security accounts on the dark web, researcher says — here’s what you can do to protect your benefit checks

    ‘You can see the name, date and the balance’: Scammers are selling Social Security accounts on the dark web, researcher says — here’s what you can do to protect your benefit checks

    Georgia State University professor David Maimon, head of the school’s evidence-based cybersecurity research group, says he’s found Social Security accounts for sale by scammers online.

    “You can see the name, date and the balance,” he told Channel 2 Action News in a story published March 24. “The whole point of the scam is to try to take over those individuals’ Social Security payments.”

    Don’t miss

    Maimon shared a video with the local broadcaster, which was described as showing access to an account for sale and revealing a beneficiary’s personal data, including the amount of their monthly payment — in this case $1,855.30.

    So, how exactly does this scam work, and what can Americans do to protect their benefits?

    How does the scam work?

    How can someone benefit from purchasing access to a stranger’s Social Security account? According to Maimon, it’s disturbingly simple.

    "They will just go to the Social Security Administration website, will change the details there and funnel the money to the new — and fake — John Doe account," Maimon explained.

    Scammers can gain access to online accounts through various means, including stolen login credentials and successful phishing attempts.

    It’s the type of fraud the Trump administration says it’s been trying to prevent. A new Social Security Administration (SSA) policy, set to roll out April 14, aims to make identity theft harder by requiring in-person verification for those unable to apply for services online. Previously, you could verify your identity by phone. But there are reports the SSA is backing off from these changes.

    Critics of the policy argued it would do more harm than good — especially since the previously SSA announced plans to cut approximately 7,000 of 57,000 (12%) of jobs.

    Read more: Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan ‘works every single time’ to kill debt, get rich in America — and that ‘anyone’ can do it

    Protect your Social Security account

    If you’re interested in protecting your Social Security account from fraud, here are some steps you can take.

    Regularly check your account

    If you have a “my Social Security” account, review your earnings history, personal information and payment status often. Any unfamiliar changes could be a sign your account has been compromised. Consider printing your benefits report so you can easily spot changes.

    Don’t click on suspicious links

    Phishing emails and text messages from people posing as the SSA may urge you to “verify” your identity by logging into your account using a supplied link. Don’t take the bait — always access your account through the official site and never enter personal details through a link given to you out of the blue.

    Use two-factor authentication when possible

    The SSA allows users to enable two-factor authentication (sometimes called multi-factor authentication) to access their accounts for added security. When turned on, you’ll need to enter a code sent to your phone or email address in addition to your username and password. This offers additional protection from account takeovers.

    Don’t give cash to protect assets

    Another common scam involves in-person visits from someone claiming to be law enforcement. Scammers pretending to be police or government agents may claim your assets are “at risk” and urge you to convert money into gold or gift cards for safekeeping. This is a classic scam. Real agencies will never ask for payment or offer protection this way.

    Stay informed on new scams

    Criminals thrive in times of change, and SSA-related scams are evolving. Sign up for fraud alerts, read SSA security updates and follow trusted consumer protection sources, such as the Federal Communications Commission (FCC).

    Talk to a trusted person before making changes

    Some scammers count on urgency and isolation to pull off their fraud. If you’re being pressured to do something like change your direct deposit information or respond to an unexpected notice, talk to a friend or family member first.

    Being careful and proactive is the best defense against Social Security scams, and it could mean the difference between a secure retirement and financial chaos.

    What to read next

    This article provides information only and should not be construed as advice. It is provided without warranty of any kind.

  • Washington state may start charging drivers based on mileage and raise its gas tax to 58.4 cents per gallon as fuel-efficient and electric vehicles hurt revenues

    Washington state may start charging drivers based on mileage and raise its gas tax to 58.4 cents per gallon as fuel-efficient and electric vehicles hurt revenues

    For more than 100 years, roads and bridges in Washington state have been paid for with gas taxes. But thanks to more fuel-efficient and electric cars, the tax revenue is declining, says House Transportation Committee Chair Rep. Jake Fey.

    In a press release, he noted that gas tax revenue funds more than a third of the state’s transportation budget ($1.3 billion annually), and without action gas tax revenue will decline by over 70% by 2050, leaving roads significantly underfunded.

    Fey’s new proposal is to charge car owners an annual fee based on the mileage of their vehicles. This alongwith a nine-cent increase to the state gas tax is part of the House $15.2 billion transportation budget proposal.

    “It’s easy to collect," Fey said to King 5. "It’s easy to get the information on miles per gallon."

    The proposed fee would not apply to cars that get less than 25 miles per gallon — meaning vehicles that use more gas will not be charged the fee, since they already pay more in gas taxes.

    What could this mean for Washington drivers?

    Fey’s proposed per-mile fee would only apply to cars with more efficient engines — not plug-in hybrids or electric cars, which pay an annual registration fee. Traditional hybrids would no longer have to pay the $75 hybrid registration fee. Instead, they would be subject to the new Highway Use Fee.

    For example, a car that gets 26 miles per gallon would be charged about $7 per year in fees. A vehicle with 50 miles per gallon efficiency would pay $94 annually, according to KING 5.

    “This is going to start in addition to the gas tax, which is also going to be raised, so there are some concerns there,” said Rep. Andrew Barkis, the top-ranking Republican on the House Transportation Committee, to King 5. “But if this is a model that over time can morph into a road usage charge that replaces the gas tax, this is a good model.”

    Despite his support, Barkis ultimately voted against the transportation budget proposal, saying he’d prefer to see the state use sales tax from car purchases or the Climate Commitment Act to pay for road repairs.

    The Washington House and Senate must now negotiate and reconcile their transportation budgets to reach a final agreement before the end of the legislative session on April 27.

    While the proposed Highway Use Fee might not break the bank, it comes at a time when many Washington residents are already feeling the pinch of rising car-related costs.

    Washington already has one of the highest gas taxes in the country at 49.4 cents per gallon and this may go higher. Auto insurance rates are climbing across the country, and drivers are also paying more for repairs, parts, and vehicle registrations. When viewed together, these incremental increases can put additional strain on household budgets.

    This article provides information only and should not be construed as advice. It is provided without warranty of any kind.

  • ‘Everything is going to go up’: Donald Trump’s tariffs leave Tampa Bay businesses with ‘no choice’ but to raise prices — how both consumers and business owners can brace for higher costs

    ‘Everything is going to go up’: Donald Trump’s tariffs leave Tampa Bay businesses with ‘no choice’ but to raise prices — how both consumers and business owners can brace for higher costs

    Sweeping tariffs imposed by President Donald Trump are sparking concern among Tampa Bay lawmakers and small business owners who say the financial impact will be felt by consumers.

    As of April 10, a baseline 10% tariff has been placed on imported goods from most countries, along with a 25% tariff on steel and aluminum products, a 25% tariff on many foreign-made vehicles and auto parts, and a minimum 145% tariff on Chinese goods. There’s also the promise of more to come, as Trump put a 90-day pause on previously announced reciprocal tariffs.

    Don’t miss

    Local business leaders in the Tampa Bay area believe these tariffs will raise the cost of doing business — and ultimately it’s the customers who will pay.

    Here’s what businesses and legislators are saying on the topic.

    How could this impact Tampa Bay residents?

    In St. Petersburg, Florida, Rubber City Tire & Auto Repair CEO Cesar Grajales expects prices to be impacted, as tires and replacement parts become more expensive due to the tariffs.

    “Everything is going to go up. All the parts are going to go up — wheels, everything,” he told News Channel 8 in a story published April 1. “There’s a lot of stuff we get imported that we have no choice on.”

    He noted the last time Trump was in power and imposed tariffs that the price of imported tires spiked. When asked who would carry the burden of added costs, according to the broadcaster, Grajales and other business owners pointed to consumers.

    “We’re going to pay for it up front, but we’re going to be forced to raise our prices,” Grajales said.

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    Tampa-area lawmakers are also expressing concern, warning the tariffs could increase prices on everyday items — from groceries to building suplies. Congresswoman Kathy Castor worries the tariffs will financially devastate Tampa Bay families and small businesses.

    “All of that is going to be passed on to the hard-working people in our community,” Castor said of increased costs. “A lot of experts say that this is going to throw the country into a recession, and we can just cannot afford that.”

    Indeed, institutions such as JP Morgan have raised their probability forecast toward the brink of a recession due to trade uncertainty.

    In addition to the sweeping tariffs mentioned above, Trump previously imposed levies on certain goods from Mexico and Canada, the country’s largest trading partners. Further tariffs could place even greater pressure on key sectors.

    How to protect your personal and business finances

    With U.S. trade drama likely to continue, both households and small businesses can take steps to soften the blow:

    • Budget for higher prices: Bake price increases into your budget and adjust accordingly — cut other areas as needed.
    • Focus on efficiency: When prices go higher, look for ways to spend more efficiently. Plan ahead for what’s needed and limit waste. Streamline operations if possible. Small changes add up.
    • Buy local when possible: Supporting local products can reduce exposure to tariff-driven price hikes and support the regional economy.
    • Review recurring expenses: Cutting back on subscriptions or non-essential services can help individuals. For businesses, consider shipping, software, or vendor contracts for savings.
    • Diversify suppliers: Small businesses may want to consider sourcing from multiple suppliers to avoid relying too heavily on imported goods.
    • Increase self-sufficiency: You may be able to find some savings if you can grow or create things on your own.

    While the full scope of the tariffs’ impact remains to be seen, experts and local leaders agree that now is the time to prepare. Even if the tariffs are revised later, the immediate financial hit could have lasting effects on families and businesses.

    What to read next

    This article provides information only and should not be construed as advice. It is provided without warranty of any kind.

  • ‘Just ghosted’: Boston homeowners say they’re left with unfinished ADU projects after contractor took tens of thousands of dollars and abruptly halted work — 5 home renovation rules to follow

    ‘Just ghosted’: Boston homeowners say they’re left with unfinished ADU projects after contractor took tens of thousands of dollars and abruptly halted work — 5 home renovation rules to follow

    When Jeff Klein and his wife, Rachel Shuler, envisioned their new basement accessory dwelling unit (ADU), they pictured a pace that could generate rental income or comfortably accommodate their aging parents during visits.

    They didn’t foresee living indefinitely with open framing, exposed pipes and a large pile of dirt Klein jokes would serve as a coffee table while watching television.

    Don’t miss

    Klein and Shuler were enthusiastic when they first learned about a city of Boston program offering $50,000 in interest-free loans for ADU construction.

    "[Fifty thousand dollars] goes a long way on a project like this … it was really exciting" Klein told NBC 10.

    The initiative is meant to address the affordable housing crisis in the city. After having an architect draw up the plans, they hired Derek Thomas of Incremental Developers LLC, after viewing his portfolio on his website. Construction began in January 2024 and went well for a while but abruptly halted after Klein and Shuler made a significant progress payment.

    “It just stopped, I mean, it was so abrupt,” said Klein.

    What went wrong with the project?

    After paying $78,000 towards the $132,000 project, Klein and Shuler refused to pay more without seeing further progress. Thomas submitted an invoice to the city of Boston, but city officials withheld payment until specific tasks were completed. Then, in December 2024, a plumbing subcontractor arrived to reclaim tools and equipment, saying Thomas never paid for his work.

    Realizing something was wrong, Klein reached out to NBC 10. The couple quickly discovered they weren’t alone. Nil Silva and Sarah Fisher of Dorchester had a similar experience. Their ADU project stalled despite them spending over $100,000, leaving them angry and without resolution.

    "Just ghosted," Fisher told NBC 10. "I feel overall angry and defeated that we still have no resolution to this at all."

    Retired public school teacher Rosalba Solis faced similar frustrations. She described her experience with Thomas as "horrible," marked by lengthy delays and a complete breakdown in communication.

    Court and property records might offer insights into why these projects stalled. NBC 10 reporters found that in April 2023, Incremental Developers purchased a Salem property for $520,000 and secured a $527,000 mortgage. The property was renovated and converted into a multi-family residence featuring its own basement ADU. Thomas and his wife also purchased another Salem property for $715,000 in early 2023.

    "It’s really frustrating to know that he’s just investing in his own properties, and we’re just sitting here trying to pay out of our own pocket to scrape enough together to finish our project downstairs," said Fisher.

    Thomas disputes these claims. In an email, he blamed the government for the slowdown.

    "The permitting process in Boston is widely known to be unpredictable and slow, which often creates project delays, unexpected costs and frustrated clients," Thomas wrote in an email in NBC 10. "Unfortunately, when city employees interfere with private contracts, rather than sticking to their intended role, it only makes these challenges worse."

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    The city of Boston, however, has taken action.

    "Based on the performance of this contractor, we would not approve him for funding in future projects," a city spokesperson told NBC 10.

    Several homeowners have also filed complaints against Thomas with the Office of Consumer Affairs and Business Regulation. The outcome of those cases is pending.

    Now, Klein and Shuler are paying additional funds to another contractor to finally complete their ADU, and they’re hoping no one else loses money.

    "We’re just really grateful that you are doing these kinds of stories," Shuler said. "We don’t want anybody taken advantage of the same way we were taken advantage of."

    Smart strategies for home renovations

    Home renovations can be stressful — and worrying about shady contractors can make the process even more challenging. To avoid similar financial pitfalls, follow these tips.

    Get multiple quotes

    Always get detailed quotes from at least three different contractors. Compare not just pricing, but also timelines, reputation and transparency about potential hidden costs. Asking for recommendations from friends or neighbors can be a good place to find trustworthy contractors.

    Set aside a contingency fund

    Unexpected costs and delays are typical in home renovations, especially in older homes. Experts recommend setting aside at least 5-10% of the total budget as a safety net for unexpected expenses.

    Prioritize “must haves” over “nice to haves”

    Focus your initial budget on essential items necessary to complete the project and ensure livability. If finances are tight, be flexible on luxury upgrades — these can always be added later when finances permit.

    Explore your funding options — and make sure you understand them

    Beyond personal savings, consider other financing options and how they will impact your financial situation. Home equity loans or renovation-specific mortgages can offer access to credit, but make sure you understand the terms and have the means to pay them back.

    Look for local grant or loan programs, like Boston’s ADU initiative. Some contractors may offer their own financing — but pay close attention to the terms, conditions, and interest rates to avoid surprises.

    By taking these steps, homeowners can protect themselves from financial loss and ensure their renovation dreams become a reality. A little extra diligence upfront can prevent months — or even years — of frustration.

    What to read next

    This article provides information only and should not be construed as advice. It is provided without warranty of any kind.