The American workforce is experiencing a shift, as workers find themselves clocking fewer hours for the same pay, thanks to increased offerings of vacation, sick, and family leave. A Growing Gap A noticeable gap has emerged between the hours American workers are paid for and the hours they actually work, showing an improvement in work/life […]
Author: Mark Garro
Economic Squeeze: Retirees Hit Hard by Social Security Benefit Reductions
Retirees have been significant contributors to consumer spending in 2023, buoyed by a substantial increase in Social Security. However, this trend might see a slowdown as the cost of living adjustment (COLA) decreases this year. Record Hike in COLA In 2023, Social Security beneficiaries saw an 8.7% increase in COLA, the highest in four decades. […]
Americans Sound Alarm as Crypto Fraud Soars
SafeMoon, a name once synonymous with skyrocketing crypto gains, is now the center of a major scandal. U.S. authorities have charged the top executives with fraud. SafeMoon’s Downfall SafeMoon executives have been indicted for fraud. The company’s once high-flying token has plunged, causing concerns among crypto investors. Who’s Been Charged? Founder Kyle Nagy, CEO Braden […]
Wall Street Titan’s Warning: America’s Political Future at Stake
In an unprecedented move, hedge fund billionaire Leon Cooperman has criticized Donald Trump, telling CNN that re-electing him would be “terrible for the country.” Raising Questions This critique from the Wall Street veteran also added, “He’s a divisive human being who belongs in jail,” raises several questions about the 2024 presidential race and its impact […]
Middle-Class Crunch: Rising Costs Threaten American Dream
Americans are feeling the pinch more than ever as everyday expenses, from utility bills to child care, are soaring. This surge is reshaping the financial landscape of the average household, challenging the pursuit of the so-called “American Dream.” Electricity Bills Shocking Households Electricity costs have surged, with a 25% increase since January 2020. This hike […]
401(k) Uncertainty: Rule Change Leaves Employers Grappling with Compliance
The latest Biden administration rule on 401(k) plans is reshaping how employers manage retirement plans. It’s a complex scenario requiring a fresh understanding of fiduciary duties and provider relationships. This rule aims to protect employees but also imposes new responsibilities on employers. Revised Fiduciary Standards The U.S. Labor Department’s new rules expand fiduciary investment advice […]
Top States for Tax Savings: Where to Move in 2024
In 2024, a series of substantial state tax reforms will impact American taxpayers across the country. The changes, including gas and food tax adjustments and new tax credits, have significant implications for all Americans. Gas Tax Adjustments In Oregon, the state’s gas tax will increase to 40 cents per gallon, a move keeping it within […]
Urban Exodus: Families Flee High Costs, Safety Issues in U.S. Cities
Major American cities are experiencing a noticeable decrease in child populations, a situation further aggravated by the pandemic and soaring living costs. Unraveling a Growing Trend An ongoing trend suggests that the number of families with children in urban areas is dropping, a situation worsened by the rise of remote work during the COVID-19 pandemic. […]
Economic Gains Uneven: Some Thrive, Others Struggle Amid Recovery
A new report from the U.S. Department of the Treasury (USDT) has painted an optimistic picture of the American economy, with the latest economic data suggesting reduced inflation, increased real wages, and low unemployment rates. As many households continue to feel the pinch, it appears individual financial experiences may not fully align with this positive […]
Kentucky Overhauls Sales Tax: Win-Win for Businesses and Shoppers
Kentucky is gearing up for a major shake-up in its sales tax system, aiming to make the state more attractive for business and better for shoppers. The upcoming change is all about helping businesses grow and making sure customers don’t end up paying more than they should. What’s Changing in Kentucky’s Sales Tax? Kentucky aims […]