It’s officially tax season, which means the annual ritual of crunching numbers, filling out forms, and hoping for a refund or, at the very least, minimal taxes is upon us! Tax season often feels like navigating a labyrinth of rules and regulations without a map, so we’ve decided to help you out. Navigating Tax Season […]
Author: Joe Lysikatos
Judge Slams Big Pharma in Showdown Over Drug Prices
In recent legal news, a judge in Texas threw out a lawsuit from big drug companies that were fighting against Medicare’s new rules on drug prices. The judge’s ruling, handed down on Monday, dealt a blow to Big Pharma’s efforts to contest the provisions created in the Inflation Reduction Act (IRA) of 2022. Big Pharma […]
Rising Homelessness Among Seniors: How the Housing Crisis Is Impacting Older Americans
As housing prices continue climbing across the United States, there’s a crisis looming on the horizon. Homelessness is on the rise, and one startling new trend is the aging face of those without homes. The country finds itself ill-equipped to provide adequate housing solutions for the growing number of older Americans facing dire circumstances. Escalating […]
Immigration Poised to Supercharge the U.S. Economy by $7 Trillion
There’s some good financial news in the air as the Congressional Budget Office (CBO) has released some new figures indicating something huge for the U.S. economy: we’re in for an estimated $7 trillion boost in the next decade! Economic Boost from Immigration What’s the momentum behind the CBO’s new estimates? Immigration. The CBO is expecting […]
Retirement Age Hike to Support 1.6 Billion Seniors: Should We Riot Like the French?
Interested in how the changing demographics – longer lifespans and declining birth rates – are reshaping our world? With experts suggesting that the world will see over 1.6 billion people aged 65+ by 2050, we dive into the economic impacts and what they could mean for your everyday finances. Aging Population, Declining Birth Rates It’s […]
Gen X Faces Retirement Crisis: Wealth Gap Threatens Financial Security
Retirement is emerging as a looming nightmare for the oldest members of Generation X. Despite making up one-fifth of the population, and this generation is silently grappling with the largest wealth gap of any cohort, as revealed in the Schroders 2023 U.S. Retirement Survey. The Retirement Crisis Facing Gen X As Gen Xers, over 65 […]
Workforce Exodus Spurs Immigration Debate: Is It the Answer to Economic Woes?
The United States is witnessing a significant exodus from its workforce, with approximately 10,000 older adults bidding farewell each day. The COVID-19 pandemic hastened this trend, which was first sparked by the aging baby boomer population. More and more people are choosing to retire early and prioritize their health. Stagnant Labor Force The ramifications are […]
The Soaring Costs of “Affordable” Childcare Across America Could Soon Be a Major Crisis
Childcare costs are hitting hard for families all across the U.S. These days, taking care of kids is getting more and more expensive, and it isn’t showing signs of slowing down. Across the country, parents are feeling the pinch as childcare costs soar, especially since the end of pandemic support. The Cost of Childcare A […]
Major States on Verge of Overhauling Tipped Worker Pay
In a move that could potentially help hundreds of thousands of Americans across the United States, at least five states are reconsidering the age-old practice of allowing businesses to pay below the minimum wage to workers who are reliant on tips. Activists are eyeing the possibility of taking the fight on subminimum pay to as […]
Democrats Target Wealthy: Bill Aims to Curb Hedge Fund Influence on Housing
In a significant move that could reshape the housing market landscape, Democrats in Congress have recently introduced a groundbreaking bill aimed at curbing the influence of hedge funds in the single-family homes sector. The “End Hedge Fund Control of American Homes Act of 2023” The legislation, known as the “End Hedge Fund Control of American […]