In today’s society, it is becoming increasingly common for young adults, specifically those in Generation Z, to rely on financial assistance from their parents. According to a report from Bank of America, nearly half of Gen Zers between the ages of 18 and 27 depend on their families for financial support. This reliance on their
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The recent surge in home prices, accounting for a staggering increase of over 40% from pre-pandemic levels, should theoretically prompt current homeowners to consider refinancing. However, the reality is quite different as the prevailing interest rates have more than doubled since two years ago, making it financially unfavorable for homeowners to pull cash out of
President Joe Biden’s administration is considering forgiving the debt of millions of federal student loan borrowers, which could come into effect just weeks before the upcoming election against former president Donald Trump. The U.S. Department of Education revealed in the Spring 2024 Unified Agenda that the final rule on student loan relief would be published
The 2024 Global Wealth Report from UBS predicts a significant rise in the number of global millionaires over the next five years with only a few countries showing a contrasting trend. It is projected that the number of adults owning $1 million or more will increase in 52 out of 56 developed and developing economies
Walmart recently announced its plans to open five automated distribution centers across the country to cater to the growing demand for fresh food distribution. These new facilities, which average at 700,000 square feet, will utilize automation to store and retrieve perishable items such as strawberries and frozen chicken nuggets. This move comes as Walmart seeks
China’s consumer price inflation for June rose by 0.2% year-on-year, which was lower than the expected 0.4%. This indicates that consumer prices did not increase as much as anticipated. The fact that inflation fell short of expectations could be a sign of weak consumer spending or subdued economic activity in the country. On the other
Inflation may be slowing down, but the fact remains that prices continue to remain high across various sectors. While this news can be seen as positive for the expanding economy amidst a strong job market, the reality is that prices persist at elevated levels, posing affordability challenges for many Americans. According to Mark Hamrick, a
The current state of the housing market is unusual, to say the least. While there is an increase in the supply of newly built homes, there is still a shortage of existing homes for sale. This dynamic has led to a situation where home prices continue to rise, despite the usual trend of prices cooling
One popular strategy for reducing future taxes on retirement savings is through Roth individual retirement account (IRA) conversions. By transferring pretax or nondeductible IRA funds to a Roth IRA, individuals can enjoy tax-free growth on their investments. However, this strategy comes with an upfront tax hit, which can be managed using a Roth conversion ladder.
In a recent announcement, nonalcoholic brewer Athletic Brewing Company shared the news of raising an additional $50 million in equity financing. The leading force behind this round of funding was General Atlantic, a significant player in the investment world. This financial boost opens up new opportunities for Athletic Brewing Company to further expand its production