President-elect Donald Trump has promised to ease the financial burden on middle-class families by reducing taxes. But are these promises achievable?

Experts have provided their insights on Trump’s key proposals, which include the elimination of taxes on tips, overtime pay, and Social Security, placing limits on credit card interest rates, allowing deductions for auto loan interest, removing the cap on state and local tax (SALT) deductions, and increasing the child tax credit. Here’s what they had to say.

Stay Alert for Inexpensive Yet Dangerous Holiday Toys

Finding a fun and possibly educational toy for a child during Christmas should be a joyous occasion, not one filled with anxiety over potential dangers.

Unfortunately, as reported by Susan Tompor, many parents, grandparents, and relatives are being warned about serious risks they might not anticipate while shopping for gifts. If you see something appealing online, think again—an attractive price might hide unsafe products due to insufficient safety regulations.

📰 Recommended Read 📰

Lastly, here’s an article you may have overlooked from last week. Give it a read and share!

If you’re concerned that no bank account is safe from scams these days, you’re not alone.

According to J.D. Power’s first bank fraud study, 30% of bank customers reported experiencing fraud on their accounts in the past year.

Analysts at J.D. Power identified that the rise in fraud is linked to the growing use of peer-to-peer (P2P) payment applications and more anonymous transactions.

About The Daily Money

Every weekday, The Daily Money provides the latest consumer and finance news from YSL News, simplifying complex topics, offering concise summaries, and detailing how changes like Federal rate adjustments or bankruptcies may affect you.