New census data put the child poverty rate at 13.4%; President Trump called it a record low, while experts say it does not fully reflect families’ financial pressures. A White House task force canceled 760,000 Obamacare enrollments over what JD Vance called rampant fraud.
The Centers for Medicare and Medicaid Services said it expects to recoup roughly $2.2 billion in advance premium tax credit payments tied to the canceled enrollments. Financial advisers also say many retirees spend more than expected in their first year out of the workforce, which can pressure savings intended to last decades.
