Finance

The housing sector may be the hero we need against inflation. Surprising Relief In a year marked by soaring home prices and inflationary pressures, a surprising relief might be on the horizon: the housing sector is poised to play a pivotal role in curbing inflation in 2024. As the battle against inflation reaches its “last […]

US Congress leaders have negotiated a deal on the federal budget to prevent a potential government shutdown. This agreement, crucial in the current political landscape, outlines a spending plan for the remainder of 2024. Impending Deadline Congress faces a pressing deadline to finalize this $1.6 trillion budget. The deal aims to avert a partial government […]

If you’ve recently felt the sting of paying more at the pump, you’re not alone. Gas prices across the nation have taken an unexpected leap, leaving many wondering about the reasons behind the surge and what it means for their wallets. Gas Price Surge In the last week, the cost of a gallon of gas […]

Homeowners across the U.S. are getting comfy and staying put in their homes much longer than they used to. This trend is reshaping the housing market, leading to inventory shortages and affecting the affordability of homes across the country. Extended Stays Becoming the Norm The average time homeowners spend in their homes has nearly doubled […]

The IRS plans to hire 3,700 new employees, focusing on auditing millionaires, complex partnerships, and large corporations, as part of an expansive effort fueled by the Inflation Reduction Act to modernize the agency and improve taxpayer services. However, many Republicans fear this may increase the tax burden on financially struggling Americans. The New Hires The […]

In recent months, the United States has witnessed a significant easing of inflation, a positive turn for the economy. This change, coming faster than the experts predicted, brings a mix of relief and new questions about what lies ahead for the nation’s financial future. Inflation’s Peak and Decline In 2021 and 2022, inflation soared, impacting […]

Right now, there’s a huge debate about immigration in the U.S., and it’s not just about politics — it’s about the economy’s future. Some folks in the Senate want to tighten up border security and cut down on immigration, but not everyone’s on board. Experts are chiming in, saying this could really slow down economic […]

In a revealing update from Primerica, middle-income households in the United States are finally seeing a glimmer of financial stability. The latest Primerica Household Budget Index™ (HBI™), which provides an essential gauge of household economic standing, indicates a turn in fortunes, but it’s not all smooth sailing yet. A Positive Shift The HBI™, focusing on […]

During the COVID-19 pandemic, income inequality in the United States worsened, with a significant wealth transfer upwards, as highlighted by the RAND Corporation’s findings of a $50 trillion shift from American workers to the wealthiest since 1975. The World Inequality Report further revealed that billionaires now own a record 3.5% of global household wealth, exacerbating […]

Some of California’s richest folks are packing their bags and heading for the hills, and it’s costing the state big time. According to the latest stats from the U.S. Census Bureau, California saw a major drop in population last year, with tens of thousands of people, including many big earners, saying goodbye to the Golden […]