IRS announces higher standard deductions for 2025
The IRS has announced higher standard deductions for U.S. taxpayers in 2025, allowing them to shield more income from taxation.
The IRS has announced higher standard deductions for U.S. taxpayers in 2025, allowing them to shield more income from taxation.
Should minimum wage be lower for workers who get tips? These 2 states will decide
The amount of money tipped workers make varies depending on the state. Currently, 14 states pay the federal minimum, or just above $2 an hour for tipped workers and $7 an hour for non-tipped workers.
The amount of money tipped workers make varies depending on the state. Currently, 14 states pay the federal minimum, or just above $2 an hour for tipped workers and $7 an hour for non-tipped workers.
A growing share of Gen Z adults don't think they'll retire: only 20% are saving for it
America's youngest adult generation is projected to live longer than previous generations, but few of them are preparing for a traditional retirement.
America's youngest adult generation is projected to live longer than previous generations, but few of them are preparing for a traditional retirement.
Mortgage rates continue to climb despite cuts by the Fed: Here’s why
Many Americans have been priced out of purchasing a home or making a move for years now amid elevated mortgage rates, sky-high home prices, and squeezed budgets due to inflation.
Many Americans have been priced out of purchasing a home or making a move for years now amid elevated mortgage rates, sky-high home prices, and squeezed budgets due to inflation.
Majority of Americans feel worse off than 4 years ago, Gallup poll finds
While a majority of Americans didn’t feel optimistic about where they are currently, there was a clear split when it comes to their views on top issues in the U.S., a recent poll shows.
While a majority of Americans didn’t feel optimistic about where they are currently, there was a clear split when it comes to their views on top issues in the U.S., a recent poll shows.
Here are the cities with the highest mortgage delinquency rates
Skyrocketing housing costs in the U.S. are making it difficult for some homeowners in certain areas to consistently cover their monthly mortgage payments, according to a recent report.
Skyrocketing housing costs in the U.S. are making it difficult for some homeowners in certain areas to consistently cover their monthly mortgage payments, according to a recent report.
A closer look at how Trump's economic plan could impact inflation
Former President Donald Trump has vowed to eliminate inflation if he returns to office, but economists warn that his proposed policies, including high tariffs, mass deportations, and interference with the Federal Reserve, could worsen the issue.
Former President Donald Trump has vowed to eliminate inflation if he returns to office, but economists warn that his proposed policies, including high tariffs, mass deportations, and interference with the Federal Reserve, could worsen the issue.
Holiday spending projected to hit new record this year
Notable differences this year include the shopping period between Thanksgiving and Christmas being nearly a week shorter, and the economic impact of Hurricanes Helene and Milton.
Notable differences this year include the shopping period between Thanksgiving and Christmas being nearly a week shorter, and the economic impact of Hurricanes Helene and Milton.
Americans are feeling more anxious about their credit card debt, survey finds
Americans appear to be feeling more worried about mounting credit card debt, according to the New York Fed’s September 2024 Survey of Consumer Expectations.
Americans appear to be feeling more worried about mounting credit card debt, according to the New York Fed’s September 2024 Survey of Consumer Expectations.
Tax extension deadline on Oct. 15: What to know about filing late returns
For Americans who filed for a tax extension for the 2023 tax year, the deadline is on Tuesday, Oct. 15, 2024.
For Americans who filed for a tax extension for the 2023 tax year, the deadline is on Tuesday, Oct. 15, 2024.
Some Social Security recipients will get two payments in November. Here's why
Those who receive Supplemental Security Income (SSI) will receive an additional check in November due to how the payment schedule is lined up.
Those who receive Supplemental Security Income (SSI) will receive an additional check in November due to how the payment schedule is lined up.
1 in 3 young workers plan to never retire
The 'Never Retire' movement has gained steam online. Gen Z believes they will never retire, so they are forgoing saving for retirement. Finance professor Dan Roccato explains why that is a bad idea.
The 'Never Retire' movement has gained steam online. Gen Z believes they will never retire, so they are forgoing saving for retirement. Finance professor Dan Roccato explains why that is a bad idea.
States with the highest student loan payments: Study
New Hampshire topped the list with an average student loan payment of $229 and both Arkansas and Mississippi ranked the lowest with $142.
New Hampshire topped the list with an average student loan payment of $229 and both Arkansas and Mississippi ranked the lowest with $142.
Inflation reaches lowest point in 3 years; here's what prices came down most
The improved inflation stats show that it’s steadily moving back to the Federal Reserve’s 2% target, with the agency likely to keep cutting its standard interest rate in 2024.
The improved inflation stats show that it’s steadily moving back to the Federal Reserve’s 2% target, with the agency likely to keep cutting its standard interest rate in 2024.
Social Security COLA 2025: Recipients to receive 2.5% increase next year
The cost-of-living adjustment, or COLA, was announced on Thursday. Here’s what to know.
The cost-of-living adjustment, or COLA, was announced on Thursday. Here’s what to know.
Pumpkin spice: What is the price?
It's the flavor of fall but will it leave a bad taste in your mouth once you realize how much more it's costing you? Consumer reporter Steve Noviello puts Katie Orth to the test to see if pumpkin spice will cost you more or less.
It's the flavor of fall but will it leave a bad taste in your mouth once you realize how much more it's costing you? Consumer reporter Steve Noviello puts Katie Orth to the test to see if pumpkin spice will cost you more or less.
HBO filmmaker believes he found bitcoin's creator, whose identity has been unknown
The identity of bitcoin's inventor has been a mystery, but the creator of a new HBO documentary believes he may have uncovered the person's identity.
The identity of bitcoin's inventor has been a mystery, but the creator of a new HBO documentary believes he may have uncovered the person's identity.
Program helps veterans starting businesses
Statistics show only half of businesses survive in the first five years and for veterans it can be even more challenging. PenFed Foundation President Andrea McCarren and Ryan Johnson, Bugle co-founder and graduate of the PenFed Veteran Entrepreneur Program, talk about the challenges and the program.
Statistics show only half of businesses survive in the first five years and for veterans it can be even more challenging. PenFed Foundation President Andrea McCarren and Ryan Johnson, Bugle co-founder and graduate of the PenFed Veteran Entrepreneur Program, talk about the challenges and the program.
Here’s how much money is needed to be considered middle class in every state
Income levels required to be considered middle-class varied significantly depending on where a person lived, according to the new study.
Income levels required to be considered middle-class varied significantly depending on where a person lived, according to the new study.
Some Pyrex buyers could be eligible for a refund from the FTC
Thousands of people who purchased Pyrex measuring cups may be eligible for refunds from the Federal Trade Commission (FTC).
Thousands of people who purchased Pyrex measuring cups may be eligible for refunds from the Federal Trade Commission (FTC).