Why American side hustles are so popular, here to stay: economists

Why American side hustles are so popular, here to stay: economists

Usually, after a financial crisis, people spend less money and fewer new businesses launch. The opposite was true last year, in the Covid-19 pandemic’s wake. Costs of living and inflation remained high, credit card debt in the U.S. increased and Americans’ savings dwindled — yet consumer spending jumped noticeably, and more businesses filed for creation … Read more

How to have a glamorous Ambani-like wedding without spending millions

How to have a glamorous Ambani-like wedding without spending millions

MUMBAI, MAHARASHTRA, INDIA – 2024/07/05: Anant Ambani (son of Indian businessman Mukesh Ambani) and his fiancée Radhika Merchant seen on the red carpet during the sangeet ceremony at Jio World Centre in Mumbai. (Photo by Ashish Vaishnav/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images The lavish wedding of Anant Ambani and … Read more

Here’s the deflation breakdown for June 2024 — in one chart

Here’s the deflation breakdown for June 2024 — in one chart

Inflation has throttled back significantly since peaking two years ago. The U.S. economy is even seeing some prices deflate for consumers. Deflation measures how quickly prices are falling for a consumer good or service. It’s the opposite of inflation, which gauges how quickly prices are increasing. Physical goods have accounted for much of the deflation … Read more

Couple built travel company for Americans to leave the U.S.

Couple built travel company for Americans to leave the U.S.

It took Jen Barnett and Brett Andrews eight years to leave the U.S. The married couple began thinking about it in 2016 following the presidential election. They were growing dissatisfied with the U.S. political landscape and yearned for the chance to explore the world beyond their Birmingham, Alabama, home. They figured Canada would be a … Read more

High inflation is largely not Biden’s or Trump’s fault, economists say

High inflation is largely not Biden’s or Trump’s fault, economists say

President Joe Biden and former President Donald Trump participate in the CNN Presidential Debate on June 27, 2024 in Atlanta. Justin Sullivan | Getty Images News | Getty Images Inflation decelerated again in June, bringing further relief to consumers’ wallets. The consumer price index rose 3% in June 2024 from June 2023, down from a … Read more

Here’s why housing inflation is still stubbornly high

Here’s why housing inflation is still stubbornly high

Housing inflation has remained stubbornly high even as inflation in the broad U.S. economy has cooled significantly from peak levels during the pandemic era. Its painfully slow decline is the main impediment keeping the consumer price index from falling back to policymakers’ target, economists said. “We see it as the last remaining leg” before CPI … Read more

Experts warn taxpayers about the common mistakes costing Aussies time and money on EOFY tax returns

Experts warn taxpayers about the common mistakes costing Aussies time and money on EOFY tax returns

Australians are being warned by experts not to make any “incorrect” deductions on this year’s tax return, or else risk pricey repayments. To make understanding deductions easier, the Australian Taxation Office (ATO) lists the items taxpayers can and cannot claim based on their employment needs and demands. “You’re entitled to claim a deduction for any … Read more

U.S. cities are sinking. Here’s what that means for homeowners

U.S. cities are sinking. Here’s what that means for homeowners

The land below many U.S. cities is sinking, including New Orleans, New York City, Miami and south San Francisco. This phenomenon, known as land subsidence, can severely affect the integrity of buildings and infrastructure. When coupled with a sea-level rise, it can greatly increase the incidence of flooding. Problems associated with land subsidence can cost … Read more

Gen Zers are willing to buy fixer-upper homes. Some already regret it

Gen Zers are willing to buy fixer-upper homes. Some already regret it

About one in five Gen Zers, or 22%, say a lack of affordable starter homes poses as a barrier towards homeownership, according to a new report. Some believe fixer-upper homes might be the answer to the issue. A fixer-upper is an existing house that needs varying degrees of maintenance work and is typically offered at … Read more