As the festive season wraps up, many Americans find themselves grappling with the aftermath of overspending. A recent survey from LendingTree highlights a concerning trend: 36% of American consumers incurred holiday debt this year. On average, individuals accrued $1,181 in new debt—marking an increase from last year’s $1,028, though it signifies a reduction from the
Personal
The U.S. Treasury Department’s recent extension of the deadline for small businesses to submit the Beneficial Ownership Information (BOI) report has stirred considerable discussion. This extension, pushing the deadline to January 13, 2025, follows legal challenges framing the new reporting requirements, as outlined in the Corporate Transparency Act (CTA). Understanding the implications of this decision
The U.S. labor landscape has experienced a significant shift reminiscent of the transformative phases seen in the past few decades. The years following the pandemic, specifically the phenomena often referred to as the “great resignation,” have made way for a new trend dubbed the “great stay.” In this period, employee turnover rates have plummeted, indicating
The recent decision by the Biden administration to retract two significant student loan forgiveness proposals has stirred considerable debate among advocates and borrowers alike. These plans intended to offer relief to certain groups, particularly those burdened by long-term debt and those facing financial difficulties. The potential impact of these policy proposals could have resonated with
In a significant move to assist taxpayers who missed an essential tax benefit, the Internal Revenue Service (IRS) has announced the issuance of automatic special payments up to $1,400 for approximately 1 million individuals. This initiative, set to unfold later this month, seeks to remedy a situation where eligible taxpayers failed to claim the 2021
The holiday shopping season, characterized by a surge in consumer spending, has become an annual spectacle of gift-giving and retail promotions. However, amid this festive atmosphere lies a significant and often overlooked phenomenon: the wave of product returns that follows. As the holiday rush peaks, January transforms into “Returnuary,” the month when shoppers inundate retailers
The iconic Christmas film “Home Alone,” released in 1990, has become a staple of holiday viewing, providing laughter and nostalgia for generations. However, beyond the comedic antics of an 8-year-old boy defending his home from burglars, lies a thought-provoking question about the financial standing of the McCallister family. Did they possess substantial wealth, or was
In the journey toward financial security, many people suddenly find themselves pleasantly surprised by the growth of their retirement savings. A striking example is Wes Bellamy, a 38-year-old educator from Virginia, who, while preparing to purchase a home, took a closer look at his investment portfolio. To his astonishment, he discovered that his 401(k) balance
As government entities grapple with looming operational deadlines, namely the possibility of a shutdown, ancillary matters like the Social Security Fairness Act are surfacing in legislative discussions. This proposed law seeks to address the long-standing inequities faced by public sector employees, specifically those affected by the Windfall Elimination Provision (WEP) and the Government Pension Offset