Credit card debt in the United States has reached an all-time high, with Americans collectively owing a staggering $1.14 trillion on their credit cards. The average balance per consumer has also seen a significant increase, standing at $6,329, up by 4.8% year over year. Additionally, credit card delinquency rates are on the rise, indicating that
Personal
The proposal to exempt Social Security from income taxes has gained bipartisan support, with both federal and state initiatives being put forth to address the financial struggles faced by retirees. Former President Donald Trump has proposed a federal policy while Minnesota Gov. Tim Walz recently implemented state legislation in this regard. Despite the shared goal
The recent data from the Bureau of Labor Statistics has revealed a concerning trend in the labor market – the rise in marginally attached workers. These individuals, who are willing to work but have not actively searched for a job in the past four weeks, are at risk of becoming disconnected from the workforce altogether.
As Vice President Kamala Harris runs for the highest office in the United States, her personal financial records have come under scrutiny. The recent tax filings of Harris and her husband, Second Gentleman Douglas Emhoff, reveal a relatively simplistic approach to managing their finances during her tenure as vice president. However, experts suggest that this
In a world dominated by social media influencers promoting products left and right, many individuals are growing tired of the constant barrage of advertisements. The rise of “underconsumptioncore” signifies a welcome shift away from influencer culture and towards a more minimalist and intentional way of living. Despite the appeal of constantly being told what to
Weddings can be expensive affairs, with costs like meals, invitations, and favors all dependent on the number of guests attending. The average cost of a wedding ceremony and reception has been steadily increasing, with the total cost in 2023 reaching $35,000. In light of this, many couples are looking for ways to cut costs and
Job seekers in the U.S. have been facing challenges in the labor market due to various factors affecting job growth and employment opportunities. According to Nick Bunker, the Economic Research Director for North America at Indeed Hiring Lab, the soft landing in the U.S. labor market is now in danger. The data from the Bureau
The digital age has brought about a new era of remote work, allowing individuals to work from anywhere in the world. This trend has been further accelerated by the COVID-19 pandemic, which has forced many businesses to adopt remote models for their employees. For some, this has opened up opportunities for more unconventional work environments,