Rent-Free Living: Adult Children Draining Parents’ Savings – Time for Contributions?

Renowned financial guru Suze Orman has sparked debate by saying that parents should ask for financial contributions from their adult children who still live at home.  Suze Orman’s Advice for Parents Financial advice from a blog post that Suze Orman published last year has resurfaced, and its contents have created a bit of a stir. […]

“Proud to Pay More” – Wealthy Progressives are Calling for Tax Hikes for the Rich

A coalition of uber-rich progressives have started a campaign to increase their own tax liabilities. Some Rich Global Citizens Advocate for Fairness In a bold show of solidarity with the working class, a select group of wealthy heirs and executives are advocating for increased taxes for the rich. The group includes a Rockefeller descendant, Walt […]

White Households Surge Ahead as Racial Wealth Gap Widens, Black Families 30% Behind

New reports and analysis show that despite significant increases in employment and income during the COVID-19 pandemic, the wealth gap between white, Black, and Hispanic households has also increased. Pandemic Changes There have been many studies on the financial changes that took place throughout the Covid-19 pandemic. One recent report has shown that ongoing trends […]

U.S. Economy Needs Immigration, Cuts Threaten Labor Force Growth and GDP

As U.S. Congress continues to go back and forth over an immigration and border deal, economic experts have expressed concern about incoming immigration cuts and their potential effect on the economy. Immigration Negotiations in the U.S. As the recent bipartisan Senate deal over immigration and border policy inches closer to being passed, experts are arguing […]

IRS Targets Small Businesses for COVID Relief Fund Fraud, Aims to Recover Nearly $1 Trillion in Misused Funds

The Internal Revenue Service is cracking down on small businesses that may have improperly used federally-backed COVID relief funds. IRS Launches Investigation Into CARES Act Fraud In a strong show of action, the IRS has assigned 30,000 agents from their ranks to dig into millions of potential fraud cases related to CARES (Coronavirus Aid, Relief, […]