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Money
How to spot mobile payment app scams on Zelle, Venmo, PayPal and Cash App
Gas Prices
No, gas prices don’t always go down before elections
Some have speculated gas prices tend to drop before big elections like the upcoming midterms, but historical data doesn’t support that claim.
Gas Prices
Election gas price trends, 1994-2020
U.S. Energy Information data showing the trends in gas prices during election seasons, since 1994.
Economy
No, there isn’t a limit to how many times the Federal Reserve can adjust interest rates
The Federal Reserve can raise rates as many times as needed in an effort to help solve problems that the U.S. economy faces, such as inflation, experts told VERIFY.
Economy
No, there isn’t a limit to how many times the Federal Reserve can adjust interest rates
The Federal Reserve can raise rates as many times as needed in an effort to help solve problems that the U.S. economy faces, such as inflation, experts told VERIFY.
Money
A bill proposes an extra $2,400 per year in Social Security benefits, but it hasn’t passed
The Social Security Expansion Act proposes an extra $2,400 per year, on top of the annual cost-of-living adjustment or COLA. Here’s where the bill stands.
Money
The claim that hospitals are legally required to provide an itemized bill upon request needs context
A viral social media video claims hospitals are required to provide an itemized bill upon request. But this requirement varies from state to state and by hospital.
Money
No, there is no federal law that requires businesses to accept cash
There is no federal law mandating that a private business accept cash as payment for goods or services, as some social media posts claim.
National
Support for labor unions has increased, but union membership is at an all-time low
A new poll shows more Americans support labor unions than have in decades. But data shows union membership remains at historic lows.
Economy
No, Biden executive order won’t replace paper money with digital currency
Some people on social media have claimed that an executive order signed in March 2022 would make paper money “worthless.” That’s false.
Money
Comparing PPP loan forgiveness to student debt relief
Posts online claimed the average forgiven PPP loan is much higher than the maximum student loan forgiveness amount. That’s true – the difference is more than $50K.
Student Loans
Yes, the average forgiven PPP loan is far more than $20,000 student loan relief
Posts online claimed the average forgiven PPP loan is much higher than $20K available in student loan forgiveness. That’s true – the difference is more than $50K.
Gas Prices
No, gas prices don’t always go down before elections
Some have speculated gas prices tend to drop before big elections like the upcoming midterms, but historical data doesn’t support that claim.
Gas Prices
Election gas price trends, 1994-2020
U.S. Energy Information data showing the trends in gas prices during election seasons, since 1994.
Economy
No, there isn’t a limit to how many times the Federal Reserve can adjust interest rates
The Federal Reserve can raise rates as many times as needed in an effort to help solve problems that the U.S. economy faces, such as inflation, experts told VERIFY.
Economy
No, there isn’t a limit to how many times the Federal Reserve can adjust interest rates
The Federal Reserve can raise rates as many times as needed in an effort to help solve problems that the U.S. economy faces, such as inflation, experts told VERIFY.
Money
A bill proposes an extra $2,400 per year in Social Security benefits, but it hasn’t passed
The Social Security Expansion Act proposes an extra $2,400 per year, on top of the annual cost-of-living adjustment or COLA. Here’s where the bill stands.
Money
The claim that hospitals are legally required to provide an itemized bill upon request needs context
A viral social media video claims hospitals are required to provide an itemized bill upon request. But this requirement varies from state to state and by hospital.
Money
No, there is no federal law that requires businesses to accept cash
There is no federal law mandating that a private business accept cash as payment for goods or services, as some social media posts claim.
National
Support for labor unions has increased, but union membership is at an all-time low
A new poll shows more Americans support labor unions than have in decades. But data shows union membership remains at historic lows.
Economy
No, Biden executive order won’t replace paper money with digital currency
Some people on social media have claimed that an executive order signed in March 2022 would make paper money “worthless.” That’s false.
Money
Comparing PPP loan forgiveness to student debt relief
Posts online claimed the average forgiven PPP loan is much higher than the maximum student loan forgiveness amount. That’s true – the difference is more than $50K.
Student Loans
Yes, the average forgiven PPP loan is far more than $20,000 student loan relief
Posts online claimed the average forgiven PPP loan is much higher than $20K available in student loan forgiveness. That’s true – the difference is more than $50K.
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