| |  | | June 27, 2025 | | | | | | | | How the Big Budget Bill Could Affect Your Budget | By Rebecca Moretti
As the national budget bill (aka the "One Big Beautiful Bill") works its way through Congress, there's been a lot of debate about the national deficit — and specifically, how the bill's tax cuts and other provisions could raise it.
But what exactly is a national deficit, and why should we care?
| | | | | | |   | | Geopolitical Fears and Market Jitters | By Mario Ismailanji
"The more things change, the more they stay the same" — that famous saying certainly seems to apply to financial markets of late.
Nearly halfway through 2025, investors have weathered significant global trade upheaval, major artificial intelligence developments, and military conflicts, yet the S&P 500 is near its all-time highs while the tech-heavy Nasdaq 100 has already surpassed its prior peak.
The most recent instance of this proverb can be seen in the recent conflict between Israel and Iran. The initial escalation of hostilities began two weeks ago, when Israel launched airstrikes against Iran, targeting military and energy infrastructure, and culminated in the U.S. joining in to bomb nuclear facilities.
All of this triggered a classic fear-based response in energy markets, with crude oil prices surging over 15% to a five-month high as traders priced in the potential for a severe supply disruption.
But almost just as rapidly as prices spiked, they have declined in the days since. What might this mean for investors?
Read more | | | | | | | | Average vs. Median | | | | | We're all interested in how we stack up against others, especially when it comes to personal finances. Two terms often used to measure that — and easily confused — are average and median.
Quick refresher: In math, the average (aka "mean") is what you get when you add up all the numbers in a set and divide by how many numbers are in that set.
The median, on the other hand, is the middle value in a set of numbers when they're ordered from smallest to largest. Think: 1, 3, 7, 9, 15 (the median = 7).
The average and median can be hugely different in the same data set. For example: last year, the average Vanguard 401(k) balance was just over $148,000, but the median was only about $38,000. In this case, the median can be more helpful to compare yourself against, since the average can be inflated by big fish (picture account balances of $100 million.)
| | | | | |  | | Will the credit profile of borrowers get better or worse after Buy Now Pay Later loans are reflected? (Axios) | | | | | | | | | | | Intel, insights, and inspo for your money. | | On the Money cuts through the noise of day‑to‑day financial news to bring you a more thoughtful point of view on what's important in this moment — and how it impacts your bottom line. We value your trust above all. | | | | | | | | | | Did you find today's newsletter valuable? | | | | |
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