Remote work is here to stay, say economists The phenomenon of widespread remote work has become a permanent part of the U.S. labor market, according to economists, as the share of workers being called back to the office has flatlined. Nick Bloom, an economics professor at Stanford University, stated, “Return to the office is dead,”…
Consumers are facing significant financial threats from climate change, experts say. A White House report warns that severe weather events such as heat waves, heavy rains, drought, hurricanes, floods, and wildfires cause significant direct and indirect costs for American households. Research estimates that the U.S. now experiences a billion-dollar disaster every three weeks. Economic impacts…
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Looking for a way to park cash between trades and earn some income at the same time? Money market funds might be the solution you’re looking for. With money market funds, you can have cash on hand to buy stocks at any given moment, while also earning some yield along the way. Unlike a CD,…
DomoINK, a successful art and home decor brand that has garnered up to $267,000 per year in sales. The brand, which was started as a side hustle by Domonique Brown in April 2020, has since blossomed into a successful art and home decor brand, bringing in an impressive $22,000 a month in passive income from…
According to CNBC’s August “Your Money” survey, only about half of American workers earning $100,000 or more feel that they’re contributing enough to their 401(k)s to comfortably retire in the future. The survey also found that for those earning between $100,000 and $149,000, the median retirement account balance is $104,155, per Vanguard’s 2023 “How America…
TIPPING FATIGUE: STUDY REVEALS FALLING AVERAGE TIPS AT RESTAURANTS A recent survey by the Pew Research Center found that 18% of people are tipping less than 15% for an average meal at a sit-down restaurant, with an additional 2% tipping nothing at all. The study polled 11,945 U.S. adults, with findings that surprised the co-author…
Americans are drowning in credit card debt and defaulting at an alarming rate. As of the third quarter of this year, U.S. consumers owe more than $1 trillion in credit card debt, with the average outstanding balance per consumer breaching $6,000, according to Federal Reserve data and TransUnion. In a recent episode of the “I…
New York Giants Rookie Tommy DeVito Chooses to Live at Home with Parents Despite the wealth and celebrity that comes with being a National Football League player, New York Giants quarterback Tommy DeVito has opted to live with his parents. “I don’t have to worry about laundry, what I’m eating for dinner, chicken cutlets, and…
Investors and financial planners are buzzing about the potential for avoiding capital gains tax in 2024, as the IRS released inflation adjustments, including increases in income tax brackets, and income thresholds for capital gains. Certified financial planner Tommy Lucas emphasized the opportunity to take gains next year and the prospect of selling long-term assets or…
