In a definitive affirmation of the burgeoning popularity of exchange-traded funds (ETFs), U.S. assets in these investment instruments surpassed the monumental $10 trillion mark in November. This data, provided by Cerulli Associates, underscores the rapid evolution of ETFs from niche investment vehicles to mainstream portfolio staples. Significantly, November also saw a record inflow of $156
Personal
The recent developments surrounding the Treasury Department’s new beneficial ownership information (BOI) reporting requirements have introduced a wave of uncertainty and confusion for millions of small businesses across the United States. Originally set to take effect on January 13, 2025, these regulations mandated that virtually all small businesses disclose the identities of individuals who hold
In today’s fast-paced world, the significance of financial literacy cannot be overstated, especially for underprivileged youth. One shining example is Keith Harris, a high school senior at KIPP DC College Preparatory, who embodies the transformational power of early financial education. As a participant in the NAF Academy of Business program, Harris not only engages with
The financial market is experiencing a significant shift as the Federal Reserve signals a more cautious approach towards interest rate cuts. For those grappling with debt, this may bring an added layer of stress; however, it’s not all doom and gloom. As financial authorities like Greg McBride of Bankrate highlight, there are also advantages for
As the holiday season comes to a close, many Americans find themselves grappling with the consequences of festive spending. A recent survey conducted by LendingTree reveals that nearly 36% of American consumers accumulated holiday debt this year, with each individual averaging a staggering $1,181 in new balances. This marks an increase from the previous year’s
The U.S. Treasury Department’s decision to extend the deadline for small businesses to file the Beneficial Ownership Information (BOI) report has become a significant talking point in discussions surrounding compliance and regulatory obligations. This extension, now set for January 13, 2025, marks a shift from the previous deadline of January 1, 2024, and highlights the
The U.S. job market has experienced significant changes that reflect broader economic trends and societal shifts, especially in the wake of the pandemic. The period known as the “great resignation” characterized by mass employee turnover has given way to what can be best described as the “great stay.” This current state indicates a labor market
In the ever-evolving landscape of American student loan policy, recent actions by the Biden administration have raised eyebrows and sparked ample debate. With significant withdrawals from proposed student loan forgiveness plans, the hopes of millions faced with crushing education debt have been met with disappointment. This article delves into the implications of these developments for
In a significant initiative aimed at supporting taxpayers, the Internal Revenue Service (IRS) has revealed its plan to automatically disburse payments of up to $1,400 to approximately one million individuals later this month. This decision centers around taxpayers who may have missed claiming the 2021 Recovery Rebate Credit, a financial benefit designed to assist American
The beloved holiday film “Home Alone” has captivated audiences since its release in 1990, offering a delightful mix of comedy and nostalgia. Yet, as audiences revisit this classic, a curious question arises—how affluent was the McCallister family? With their opulent lifestyle and extravagant trips, one might assume they belong to the upper echelons of society.