Srdjanpav | E+ | Getty Images This tax season, older taxpayers may find they owe more money to Uncle Sam than they expected. The reason: More of their Social Security benefits may be taxed following a higher 5.9% cost-of-living adjustment in 2022. This year’s record 8.7% cost-of-living adjustment may also prompt more benefits to be
The disparity in wealth between Black and white households in the U.S. — referred to as the racial wealth gap — has paved the way for a significant retirement savings shortfall that is only growing, according to Thasunda Brown Duckett, president and CEO of TIAA. “There is a real problem,” she said Tuesday in a conversation with
A “For Sale” sign outside a house in Albany, California, on Tuesday, May 31, 2022. David Paul Morris | Bloomberg | Getty Images Mortgage rates fell last week, but demand for home loans didn’t move higher as a result. Other aspects of today’s housing market are outweighing the benefit of lower mortgage rates right now,
The modified 747 aircraft “Cosmic Girl” lifts off from Mojave Air and Space Port in California carrying a LauncherOne rocket on June 30, 2021. Virgin Orbit With Virgin Orbit now under bankruptcy protection, departing Chief Operating Officer Tony Gingiss had some choice words for the company’s leadership, as well as a lengthy and detailed apology
In this article CSG.N-CH Follow your favorite stocksCREATE FREE ACCOUNT The Credit Suisse logo seen displayed on a smartphone and UBS logo on the background. Sopa Images | Lightrocket | Getty Images Allowing the bankruptcy of troubled lender Credit Suisse would have crippled Switzerland’s economy and financial center and likely resulted in deposit runs at
Some places are wooing visitors by waiving visa requirements and giving out air tickets. But Amsterdam has a problem with too much tourism — and now it’s telling some visitors, namely British male tourists aged between 18 and 35, to “stay away” if they’re traveling to the city for drugs or parties. Amsterdam’s local authority
Ijeab | Istock | Getty Images As families try figure out how to pay for their children’s college costs in the fall, scholarships are an important avenue to explore. “Every dollar won in a scholarship could potentially eliminate a dollar borrowed for the student,” said Elaine Rubin, director of corporate communications at Edvisors. More than
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Charlie Javice, Founder/CEO of Frank, which is a college financial aid start-up. Source: JP Morgan The Justice Department on Tuesday criminally charged Charlie Javice, founder of college financial planning platform Frank, with defrauding JPMorgan Chase out of $175 million. Javice, 31, is accused of “falsely and dramatically” inflating the number of customers Frank actually had
In this article CAT K-CA NEM ETSY AMC VORB NOW Follow your favorite stocksCREATE FREE ACCOUNT Richard Branson’s Virgin Orbit, with a rocket under the wing of a modified Boeing 747 jetliner, takes off for a key drop test of its high-altitude launch system for satellites from Mojave, California, July 10, 2019. Mike Blake |
Eva-katalin | E+ | Getty Images If you’re one of the millions of Americans who worked fully or partially remote in 2022, you may be wondering about the home office deduction on your taxes. While remote work has declined since the early days of the pandemic, nearly 30% of employees were telecommuting in January, according
Westend61 | Westend61 | Getty Images The job market continued a gradual cooling in February but largely remains advantageous for workers, according to labor data issued Tuesday. Job openings, a barometer of employer demand for workers, fell by 632,000 to 9.9 million in February — the lowest level since May 2021, according to the Bureau
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In this article GM Follow your favorite stocksCREATE FREE ACCOUNT A GMC pickup truck is displayed for sale on a lot at a General Motors dealership on January 05, 2023 in Austin, Texas. Brandon Bell | Getty Images DETROIT – About 5,000 white-collar workers at General Motors opted to participate in a buyout program that
In this article BA TSLA BURL PRU Follow your favorite stocksCREATE FREE ACCOUNT The Etsy website Gabby Jones | Bloomberg | Getty Images Etsy — The e-commerce company’s shares rose 3.9% after Piper Sandler upgraded them to overweight from neutral. The firm said that it thinks Etsy’s marketplace strengths will “help reaccelerate active buyer growth.”
In 2011, I started a personal finance blog, Making Sense of Cents, to track my journey to becoming debt-free — and it took off fast. Within a few years, I was earning enough to quit my 9-to-5 job to focus on my business, and I had paid off $40,000 in student debt. Today, I live
On the heels of the Great Resignation, some workers are even more motivated to leave their job in search of a better work-life balance. To that point, 56% of the workforce is likely to look for a new job in the year ahead, up from 51% in 2022, according to Bankrate’s 2023 job-seeker survey. In
A real estate project under construction in Shanghai’s newer Pudong district on Feb. 23, 2023. Future Publishing | Future Publishing | Getty Images BEIJING — More people in China want to buy houses again, according to a first quarter survey released Monday by the People’s Bank of China. The share of respondents planning to buy