Sean Gladwell | Moment | Getty Images Even as many Americans go cashless, some don’t have the option to choose that lifestyle. About 6% of Americans were unbanked in 2023, meaning they’re living without access to any traditional financial services such as savings accounts, credit cards or personal checks, according to data from the Federal … Read more
U.S. Vice President Kamala Harris and second gentleman Douglas Emhoff descend from Air Force Two in Wilmington, DE, U.S., July 22, 2024. Erin Schaff | Via Reuters Vice President Kamala Harris’ personal financial records are under fresh scrutiny now that she is running for the highest office in the United States. Experts say recent tax … Read more
Jenny Hunnicutt poses in front of the Royal Caribbean Ultimate World Cruise, which she’s been on for nearly nine months traveling the world. While on board, she’s working remotely for her writing and consulting business based in Florida. Courtesy: Jenny Hunnicutt Income made ‘worldwide’ is taxable Despite a Bahamas flag flying atop the Serenade of … Read more
Customer shopping for school supplies with employee restocking shelves, Target store, Queens, New York. Lindsey Nicholson | UCG | Universal Images Group | Getty Images Now, as the central bank sets the stage to lower interest rates for the first time in years when it meets again in September, consumers may see their borrowing costs … Read more
Former President and 2024 Republican presidential candidate Donald Trump gestures while giving a keynote speech on the third day of the Bitcoin 2024 conference in Nashville, Tennessee on July 27, 2024. Jon Cherry | Getty Images News | Getty Images With the price of bitcoin hovering around $70,000 again, experts have tax advice for new … Read more
Monthly rent in Shanghai’s city-center costs approximately $2,700, according to data by Numbeo. Zorazhuang | E+ | Getty Images Living in a major city can come with a hefty price tag, so it’s best to be informed before you make that big move. In Asia, Hong Kong and Singapore top the list for cost of … Read more
Martin-dm | E+ | Getty Images The IRS has finalized rules on required withdrawals for certain inherited individual retirement accounts and other plans. But heirs could owe more taxes later by only taking minimums now, experts say. In final regulations last week, the agency confirmed most nonspouse beneficiaries have 10 years after the original owner’s … Read more
U.S. President Joe Biden and U.S. Vice President Kamala Harris walk to the East room to welcome the 2023 WNBA champion Las Vegas Aces during a celebration at the White House in Washington, U.S., May 9, 2024. Craig Hudson | Reuters Last Wednesday, a group of “Boomers for Biden-Harris” threw a virtual party that was … Read more
By most measures, the U.S. economy is doing well. And yet, many people would argue otherwise. Roughly 3 in 5 Americans believe that the U.S. is currently in a recession, according to a new survey of 2,000 adults by Affirm. Of those respondents, most said a recession started roughly 15 months ago, in March of … Read more
U.S. Vice President Kamala Harris speaks during a campaign event at Westover High School in Fayetteville, North Carolina, on July 18, 2024. Allison Joyce | Afp | Getty Images With President Joe Biden officially out of the election, experts are watching for tax policy from Vice President Kamala Harris, the frontrunner for the Democratic nomination. … Read more
