In this era of digital shopping, consumers are constantly looking for ways to save money. With the rise of online codes, browser extensions, and money-saving apps, there are now more opportunities than ever to find significant discounts. However, the effectiveness of these deals can still vary depending on the day of the week. A recent
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Vice President Kamala Harris has put forward a plan to raise taxes on wealthy Americans and corporations, aligning with President Joe Biden’s budget proposal for fiscal year 2025. The proposal includes a 25% minimum tax on total income, targeting individuals with assets exceeding $100 million, known as the billionaire minimum tax. While Harris believes that
Many younger retirees in America rely on Marketplace health insurance, especially since they are not eligible for Medicare before the age of 65. In light of this, boosted tax breaks have been offered to reduce monthly premiums until the end of 2025. This has resulted in an increase in the number of Americans aged 55
Young adults entering the labor market are facing numerous challenges that are impacting their ability to secure employment and further their education. With the rise of what is known as “disconnected youth” or NEETs, it is evident that a significant portion of the younger population is not engaged in meaningful activities. This article will delve
Travel spending among American households continues to outpace its pre-pandemic levels, driven by a strong interest in international trips. According to economists at the Bank of America Institute, vacationing abroad has become a key part of travel momentum in recent times. Despite a slight decrease in overall travel spending from 2023, it remains significantly higher
As the Federal Reserve prepares to lower interest rates, the future of the U.S. economy is uncertain. Some experts warn of a potential recession, while others are optimistic that the central bank can steer the economy towards a “soft landing.” This division in opinions creates a sense of apprehension among individuals, especially those who are
As the season of fall foliage and pumpkin spice lattes fast approaches, so does the job market potentially turning over a new leaf. The concept of a “September surge,” where more job postings become available after Labor Day, is often associated with the end of the summer slowdown as job recruiters and hiring managers return
The concept of putting workers’ 401(k) plan savings on autopilot has gained significant traction in recent years. Employers have increasingly adopted policies like automatic enrollment and automatic escalation to encourage employees to save more for retirement. However, new research suggests that the actual impact of these automated savings features may not be as significant as
The high costs of prescription drugs have long been a concern for retirees relying on Medicare drug coverage. However, relief is on the horizon as new changes are set to take effect starting in 2025. These changes will significantly impact the out-of-pocket expenses of Medicare Part D enrollees, providing much-needed financial relief for millions of
Many investors are well-versed in the concept of asset allocation, which involves selecting the right mix of stocks and bonds to balance risk and return. However, equally important is where those assets are held, known as asset location. This strategy is particularly crucial for wealthier investors as it aims to minimize taxes, ultimately boosting after-tax