Today: 16. Nov, 2024
The IRS has a formidable tool in its arsenal to collect overdue taxes: revoking your passport. Travelers should take heed, as the federal government may take away this privilege if a substantial tax bill is ignored. Experts have noted that this method…
Prepare for Lower Rates with Smart Financial Decisions Last week, Federal Reserve Chair Jerome Powell hinted at an upcoming interest rate cut, marking a significant shift in economic policy. “The time has come for policy to adjust,” Powell stated during the Jackson…
Back-to-school shopping has always been a significant expense, pushing many families to the brink this year. Recent reports reveal that nearly one-third of parents are expected to go into debt to afford essential supplies for their children. While inflation has eased slightly,…
Many factors affect their total cost over time when comparing electric vehicles (EVs) to traditional gasoline cars. Although EVs often come with a higher upfront price, their lower recurring costs for fuel and maintenance can lead to significant savings in the long…
Inflation continued its downward trend in July 2024, driven by easing prices for consumer staples and physical goods. According to the U.S. Department of Labor, the Consumer Price Index (CPI) increased by 2.9% from the previous year, a decline from June’s 3%…
In a market where high-end brands once reigned supreme, the rise of “dupes”—affordable imitations of luxury goods—has marked a significant shift in consumer behavior. Once shrouded in secrecy due to their perceived inferiority and legal issues, dupes have emerged as a mainstream…
Despite the U.S. economy’s resilience against inflation and high interest rates, a significant portion of Americans misperceive its state. According to a recent survey by Affirm, 59% of Americans mistakenly believe the country is currently in a recession. This discrepancy between economic…
According to a recent report from TransUnion, credit card debt is surging, with the average consumer now carrying $6,329 in debt. The Federal Reserve Bank of New York has also revealed that Americans owe a record $1.14 trillion on their credit cards.…
The unemployment rate surged in July, and a specific detail within the labor data has raised concerns among economists. The increase in marginally attached workers has prompted discussions about the potential for a new, more competitive phase in the U.S. labor market.…
With most American workers contributing to Social Security throughout their careers, many expect to rely on these benefits upon retirement. However, a recent survey by the Nationwide Retirement Institute reveals that a staggering 72% of adults worry that Social Security will run…
