Expired Payroll Tax Cut “Holiday” - What's the Impact?

Most likely you’ve received your first paycheck in 2013, and you probably noticed that your check was a little smaller.  That is because the two-year 2011-2012 payroll tax “holiday” failed to make its way into the final legislation resulting in a 2 percent payroll increase. What impact will less take-home pay for U.S. workers have on the economy? Will a smaller paycheck cause consumers to cut back on their spending?  Will it hinder them from repaying holiday debt?  TCUL’s Your Money Your Matter will explore this and much more on today’s program.

Your Money. Your Matters is a weekly show broadcasting every Tuesday from 11 a.m. to noon CST. The program features radio personalities Rick Grady and Linda Webb-Manon, Texas Credit Union League; Todd Mark, Consumer Credit Counseling Services, and Courtney Moran, Texas Credit Union Foundation. Each month, the four will discuss financial issues of most importance to consumers.

Tune in; share your thoughts; or gain helpful advice on how to eliminate debt, set a budget, live within your means, save for emergencies, and invest for the future.