The Federal Reserve Bank of New York recently reported that Americans currently owe a staggering $1.14 trillion in credit card debt, reflecting a troubling trend of increasing debt levels. The average balance per consumer has risen to $6,329, marking a 4.8% year-over-year increase in indebtedness. This concerning data highlights the financial strain faced by many
Personal
The issue of taxing Social Security benefits has been a topic of discussion among policymakers and politicians, with both federal and state-level proposals being presented. While there is bipartisan support for exempting Social Security from income taxes, the implications of such a policy are complex and multifaceted. When comparing federal tax proposals with state legislation,
The recent increase in the unemployment rate has raised concerns among economists, particularly in relation to the growing number of marginally attached workers. These individuals are available and willing to work but have not actively searched for employment in the past month. This rise in marginally attached workers poses a potential risk of transition into
Vice President Kamala Harris and Second Gentleman Douglas Emhoff have been relatively conservative with their finances, according to recent tax filings analyzed by experts. While their approach may seem simple and straightforward, it has led to missed opportunities for tax savings and optimization. As a public figure, the couple’s financial decisions have not raised many
In today’s society, the constant bombardment of influencer marketing on social media platforms has become overwhelming for many people. The pressure to buy everything from protein shakes to luxury vacation villas can be exhausting and often does not align with individual lifestyle aspirations or budgets. As a result, the rise of “underconsumptioncore” has provided a
When it comes to planning a wedding, one of the biggest factors that can impact your overall costs is the number of guests on your list. According to The Knot 2023 Real Weddings Study, the average cost of a wedding ceremony and reception in 2023 was $35,000, showing a $5,000 increase from the previous year.
In recent times, job seekers have been feeling the weight of the challenging job market, and it’s not without reason. Nick Bunker, the Economic Research Director for North America at Indeed Hiring Lab, expressed concerns about the unsettling trends in the labor market. While there were early signs of trouble, these warning signals have now
Jenny Hunnicutt decided to take her love for travel to the next level by embarking on a 274-night cruise around the world aboard Royal Caribbean’s Serenade of the Seas. This journey, which gained viral attention on TikTok, was a unique opportunity for Hunnicutt and her husband, both remote workers, to combine work and leisure in
The Biden administration is once again making moves to forgive the student loan debt of millions of Americans, following the Supreme Court’s rejection of its initial attempt last year. The U.S. Department of Education is set to reach out to borrowers who may qualify for the broad loan cancellation in the upcoming days. The goal
The volatility in cryptocurrency prices can be attributed to various factors such as political and economic uncertainty. As investors grapple with interest rate news from the Federal Reserve and policy proposals from Former President Donald Trump, the prices of popular cryptocurrencies like bitcoin and ether fluctuate drastically. Keeping up with these price movements is crucial