June SNAP and Social Security Payments Double, 401(k) Updates: US Financial News Live.
The US housing market is experiencing a shortage of available homes, which could lead to an increase in prices despite rising interest rates. Low-income individuals receiving Supplemental Security Income will see an increase in their monthly checks starting in June. Most families who participate in SNAP are already working, and poverty, not unemployment, is the major challenge they face. 401(k)s have taken over traditional pensions as the primary means of saving for retirement in America. The Federal Reserve officials meet to discuss further changes to monetary policy, including the possibility of another rate hike in June.