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Economy

“Average consumer now carries $6,329 in credit card debt. ‘People are stretched,’ expert says”

“Americans now owe a record $1.14 trillion on their credit cards, the Federal Reserve Bank of New York reported Tuesday. The average balance per consumer stands at $6,329, up 4.8% year over year, according to a separate quarterly credit industry insights report from TransUnion…” https://www.cnbc.com/2024/08/08/credit-card-debt-and-delinquencies-are-on-the-rise-reports-finds.html I… Continue Reading…

Economy

“A tax mystery: Why are fewer people getting refunds?”

“If it seems like you’re not getting a tax refund like you used to, you’re not alone. The share of taxpayers who get money back at tax time is slowly and, a little mysteriously, shrinking. At the same time, the… Continue Reading…

Business

“Trump’s Net Worth Hits $6.5 Billion, Making Him One of World’s 500 Richest People”

“…his social media company Trump Media & Technology Group wrapped up a 29-month-long merger process, meaning shares worth billions of dollars on paper are now officially Trump’s. All told, his net worth increased by more than $4 billion. That means… Continue Reading…

Economy, Personal Finance

“The “American Dream” costs far more than most people will earn over their lifetime”

“The “American Dream” costs about $3.4 million to achieve over the course of a lifetime, from getting married to saving for retirement, according to a recent analysis from financial site Investopedia. Meanwhile, median lifetime earnings for the typical U.S. worker stand at $1.7… Continue Reading…

Business

“92% of young people would sacrifice other perks for a 4-day workweek”

https://www.cnbc.com/2023/11/01/what-young-people-would-give-up-for-a-4-day-workweek.html Instead of quoting this article I’ll make a few comments instead. You know how a person can achieve their desires in a job? Stop putting up with B.S. [For lack of a better term] If you want a 4… Continue Reading…

Economy

“Toyota Chairman Says People Are Finally Seeing the Reality About EVs” [Unrealistic]

“Toyota Motor Chairman Akio Toyoda, when asked about electric-vehicle challenges including a recent lull in U.S. demand, said the industry was coming to recognize that there isn’t a single answer to reducing carbon emissions…” https://www.wsj.com/business/autos/toyota-chairman-says-people-are-finally-seeing-the-reality-about-evs-31f1669c?siteid=yhoof2 Everyone should know you are the carbon… Continue Reading…

Personal Finance

“44% of people with a side hustle think they’ll always need it — and more are picking one up”

“Side hustles have long been on the rise. More than half of Gen Zers, 53% have a side hustle, as well as half of millennials and 40% of Gen Xers, according to an April 2023 Bankrate survey of 2,505 U.S. adults. With… Continue Reading…

Personal Finance

“57% of people are uncomfortable with their level of emergency savings. Here’s how much they think they need”

“…But when it comes to emergency savings, more than half of Americans — 57% — are uncomfortable with the level of money they have set aside, according to a new Bankrate survey… To feel comfortable with their amount of cash… Continue Reading…

Economy

[Attack The Poor] “Black taxpayers more likely to face audits, IRS confirms

“The IRS on Monday said that Black taxpayers are significantly more likely to face an IRS audit, confirming recent findings. IRS Commissioner Daniel Werfel said the agency is weighing changes to address the disparity. A study released in January by economists at Stanford University,… Continue Reading…

Economy

“California… consider wealth tax — including for people who moved out of state”

“California lawmakers are pushing legislation that would impose a new tax on the state’s wealthiest residents — even if they’ve already moved to another part of the country. Assemblyman Alex Lee, a progressive Democrat, last week introduced a bill in the California… Continue Reading…