Economic News
Short summaries from Arizona journalism. Three questions every time.
Arizona's minimum wage adjusts each January based on inflation.
Hourly earnings and overtime calculations shift statewide — this affects household budgets.
Confirm your paycheck reflects the new hourly rate starting the first full pay period of the year.
Federal and state child tax credits may be worth more for eligible Arizona families.
Larger credits can mean a bigger refund or a lower tax bill.
File taxes even if you don't owe — use a free VITA site to claim every credit you qualify for.
Food-at-home prices have risen modestly across the Southwest.
Small increases compound quickly for households buying weekly staples.
Plan meals in advance, use pantry programs like St. Mary's when needed, and swap name brands where it saves.
The federal student aid application unlocks grants, loans, and work-study.
Filing early increases your chances of getting need-based Arizona aid.
Complete FAFSA within the first month — many state grants run out.
Federal student loan payments continue under updated repayment plans.
Missed payments can hurt credit and grow balances faster.
Confirm your servicer and enroll in an income-driven plan if payments feel out of reach.
ARIZONA@WORK expanded no-cost training for healthcare and skilled trades.
Short programs can raise wages significantly within months.
Visit an ARIZONA@WORK center or search Prospera's resource map to find a class near you.