When couples face financial stress, the ideal approach is to have open and honest discussions about their concerns. However, a study conducted by Cornell University reveals that this is often not the case. According to research co-author Emily Garbinsky, individuals under stress tend to believe that initiating conversations about money with their partners will only
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TikTok has become a platform filled with tips and trends for building wealth, and one of the latest money-saving crazes is the “no-spend month” challenge. This challenge encourages users to cut out all non-essential purchases for a specified period, whether it be a week, a month, or even a full year. The idea behind this
The U.S. Department of Education is considering extending the eligibility of the Public Service Loan Forgiveness (PSLF) program to include early childhood educators. This move comes as a response to the low wages that many workers in this field face. By broadening the program to encompass early childhood education settings, the Department aims to alleviate
The recent decision by the Supreme Court in the case of Moore v. United States has brought attention to the issue of federal taxes on certain foreign investments. The case involved a Washington state couple who faced a tax challenge on income they received from an investment in an India-based company that did not distribute
As members of Generation X, born between 1965 and 1980, approach retirement age, the pressure to save for their golden years is mounting. A report from Natixis Investment Managers in 2024 revealed that about 48% of Gen Xers are concerned that they won’t have enough money to enjoy their retirement. Additionally, 31% fear that they
Owning a home is often seen as a way to build wealth and pass it on to future generations. However, the issue of heirs’ property poses a significant threat to this wealth transfer. When homeowners die without a will and informally leave property to multiple descendants, it can lead to a complex situation where the
The U.S. Department of the Treasury and the IRS have recently introduced a plan to address a significant tax loophole that has been exploited by large, complex partnerships. The loophole in question involves “related party basis shifting,” where businesses operating through multiple legal entities manipulate original purchase prices on assets to minimize their tax obligations.
Car payments have been on the rise lately due to a combination of factors such as high prices and high interest rates. According to industry insiders, while there may be some relief in the near future, prices are likely to remain high for an extended period of time. As of May, the average monthly car
The recent decision by the Federal Reserve to hold interest rates steady has left many consumers with high credit card debt feeling the pinch. With only one rate cut expected by the end of the year, the likelihood of relief from sky-high interest charges is slim. As interest rates on credit cards are linked directly
The rate of price increases for food has subsided, but many shoppers are still feeling the burden of high prices in the grocery store aisles. With grocery prices rising 25% since the start of the pandemic, some consumers have had to make sacrifices to afford food. According to Intuit Credit Karma, 28% have sacrificed other