Our Scans · (FS.6.06) Personal Finance · Weekly Summary

• [New] Employee contributions are capped based on the New York Average Weekly Wage ($1,833.63 in 2026), with a maximum annual contribution of $411.91. Precision Benefits Group
• [New] In 2026, retail sales will likely contend with residents being more prudent with their household spending in a challenging economic landscape, especially with businesses becoming more cautious about wage increments. ST
• [New] Tucson's rate remains higher than Arizona's 2026 statewide minimum wage of $15.15, and it will adjust upward if state or federal law ever sets a higher floor. be the change HR
• [New] New York has adopted a regional model for wage increases, with some locations going up to $17 per hour and others continuing to increase at their current level through indexing. ridaaitelmanssour.com
• [New] Florida's wage increase was determined by voter decision and is set to reach a floor of $15 per hour by 2026. ridaaitelmanssour.com
• [New] Texas will align its wage threshold with the federal level by the end of 2025, implementing a new base limit of $9.50. ridaaitelmanssour.com
• [New] With the release of a range of backlogged economic data and uncertainty over the Fed's position on cutting rates next month, we will likely see volatility in mortgage rates through the end of the year. Yahoo Finance
• [New] More than half of middle-income older adults in the U.S. believe that their savings will not last them through retirement. Harvard Gazette
• [New] Businesses in hospitality, retail, food service and care industries are expected to experience the most significant adjustments as they apply the new 2025 wage rules. sspit.in
• With 85% of lenders expecting mortgage originations to rise in 2026, the increased confidence in tech-enabled financing tools is giving buyers more flexibility, which can help your home sell faster when listed strategically. The AI Journal
• The PropTech initiative aims to increase the real estate sector's contribution to Dubai's GDP, reduce property operating costs, speed up mortgage approvals, and expand employment opportunities within the PropTech field. Economy Middle East
• The revised pension eligibility rules affecting citizens across Australia introduce new timelines that could alter when older residents can begin receiving federal retirement support. Yachiyo Japanese Bistro
• Write-off rates on UK mortgages are expected to fall to 0.001% in 2025 (from 0.004% in 2024) with the EY ITEM Club forecasting a marginal rise to 0.002% in 2026 and 0.003% in 2027 and 2028, as a number of homeowners on fixed rate mortgages refinance onto deals with higher mortgage rates. EY
• While housing affordability is likely to remain a challenge for the near future, lower interest rates and recovering real income growth should lead to a pickup in housing demand, and mortgage growth is forecast to rebound to 3.2% in 2027 and outpace current growth by 2028. EY
• The Fed has confirmed it will conclude its quantitative tightening program in November, which should help put downward pressure on rates as the Fed increases demand for Treasuries and Mortgage-Backed Securities. Nationwide Mortgage Bankers
• Currently, mortgage rates are at their lowest point in 2025, and even a slight decline could improve affordability and stimulate housing demand. Coldwell Banker Blue Matter
• Social Security change in 2026 may impact retirement age. WXIA
• Robust corporate earnings may indicate the possibility of continued wage growth in 2026. ING Think

Last updated: 08 December 2025