Recent reports from the Federal Reserve Bank of New York and TransUnion have revealed a concerning trend in the United States – credit card debt is on the rise. Americans collectively owe a staggering $1.14 trillion on their credit cards, with the average consumer carrying a balance of $6,329, marking a 4.8% increase year over
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Retirees are finding it increasingly difficult to make ends meet as they struggle to afford basic necessities. The issue of exempting Social Security from income taxes has gained bipartisan support across the political spectrum. This has become a point of contention in the 2024 election, with Former President Donald Trump proposing a federal policy and
The latest data on unemployment rates for the month of July has revealed a concerning trend that has caught the attention of many economists. The Bureau of Labor Statistics has identified a group of workers known as marginally attached workers. These individuals are willing and available to work, but have not actively searched for a
Vice President Kamala Harris’ financial decisions are currently receiving attention as she embarks on a campaign for the presidency of the United States. Financial experts have analyzed her recent tax filings and concluded that while her financial approach during her vice presidency years was simple, it may have resulted in missed opportunities for tax savings
In today’s society, the influence of social media on consumer behavior cannot be ignored. The constant bombardment of sponsored posts and influencer recommendations has led many individuals to make impulse purchases that they may not necessarily need or afford. This has created a culture of overconsumption and excess, leaving many feeling drained and overwhelmed. The
Planning a wedding can be an overwhelming experience, especially when it comes to managing the guest list. With the average cost of a wedding ceremony and reception on the rise, it is essential to find ways to cut costs without sacrificing the quality of your special day. One effective way to save money on your
As job seekers continue to face challenges in the labor market, experts have identified red flags that suggest a downward trend in job growth. According to Nick Bunker, Economic Research Director for North America for Indeed Hiring Lab, the soft landing in the U.S. labor market is now in danger. The latest data from the
Jenny Hunnicutt, a travel enthusiast and consultant, recently embarked on a 274-night cruise aboard Royal Caribbean’s Serenade of the Seas. This unique journey allowed her to work remotely while traveling the globe, presenting an enticing opportunity for individuals like her in a post-pandemic world. While onboard the cruise ship flying a Bahamas flag, American passengers
The Biden administration is once again making an attempt to forgive the student debt of millions of Americans following the Supreme Court’s rejection of their initial effort. The U.S. Department of Education is set to contact borrowers who may qualify for widespread loan forgiveness in the upcoming days, with the aim of providing relief in
In the world of cryptocurrency, predicting future prices is considered nearly impossible, especially amidst political and economic uncertainty. With factors such as interest rate news from the Federal Reserve and policy proposals from influential figures like Former President Donald Trump, the cryptocurrency market remains highly volatile. Despite this uncertainty, it is important for investors to
