Vice President Kamala Harris has recently proposed an increase in the capital gains tax rate, specifically targeting households with an annual income of over $1 million. The suggested rate of 28% on long-term capital gains assets owned for more than a year is a significant jump from the current 20% rate applicable to top earners.
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Gone are the days when coupons were only found in Sunday circulars. In today’s digital age, consumers have a plethora of options to save money, from online codes to browser extensions and money-saving apps. According to a recent study by SimplyCodes, Friday emerges as the best day for consumers to save money while shopping online.
Vice President Kamala Harris has recently outlined her economic agenda, which includes higher taxes on wealthy Americans and corporations. She has endorsed President Joe Biden’s proposed tax increases in his fiscal year 2025 budget, specifically supporting a 25% minimum tax on total income exceeding $100 million. This proposal, known as the billionaire minimum tax, aims
As the eligibility for Medicare begins at age 65 for most Americans, many younger retirees turn to Marketplace health insurance for coverage. This option provides lower monthly premiums until the end of 2025, thanks to enhanced tax breaks. The data from the Kaiser Family Foundation shows a significant increase in Marketplace coverage among Americans aged
In recent years, the labor market has shown signs of strain, with young adults bearing the brunt of the impact. A worrying 16% of 18- to 24-year-olds are currently not employed and not enrolled in high school or college, leading to a categorization as “disconnected youth.” These individuals, also known as NEETs, are choosing to
Recent research from the Bank of America indicates that travel spending among American households continues to surpass pre-pandemic levels. This trend is largely fueled by a surge in international trips, according to economists Taylor Bowley and Joe Wadford. They highlight that vacationing abroad is a key driver of the current travel momentum. Despite a slight
The Federal Reserve’s decision to cut interest rates has left experts in a state of uncertainty regarding the future of the U.S. economy. The possibility of a recession looms over the horizon, causing concern among individuals, especially those nearing retirement. The risk of facing a sudden market decline poses a threat to the retirement nest
As the season of fall foliage and pumpkin spice lattes approaches, job seekers may find themselves in a more promising job market. Many career experts believe in the “September surge,” a phenomenon where more job postings become available post-Labor Day. This surge is attributed to the end of the summer slowdown when job recruiters and
Automated 401(k) savings plans have been heralded as a game-changer in the realm of retirement planning. However, recent research has uncovered some critical flaws in the system that cast a shadow on their effectiveness. While policies like auto-enrollment and auto-escalation have been lauded for their potential to enhance workers’ nest eggs, the reality is far
Retirees who have been concerned about the skyrocketing costs of prescription drugs can breathe a sigh of relief starting in 2025. A new change will take place in January of that year that will cap the annual out-of-pocket drug costs for Medicare drug plan enrollees at $2,000. This new measure is projected to bring significant