The trend of buy now, pay later (BNPL) programs has been on the rise, especially as a means for some shoppers to manage their finances. Despite the staggering total debt of $17.5 trillion owed by Americans, BNPL loans are proving to be a popular choice due to their ease of access and lack of credit
Personal
The gender pay gap has been a long-standing issue in the workforce, marking the inequality in wages between men and women. But when it comes to Asian American, Native Hawaiian, and Pacific Islander (AAPI) women, the situation is even more dire. These women have to work until April 3 to make the same pay that
When it comes to running a small business, finding ways to save on taxes can be crucial for success. One popular strategy that has been getting a lot of attention on social media platforms like TikTok, Instagram, and YouTube is hiring your own children. While this can indeed provide tax benefits, it is important to
In today’s modern world where credit card transactions are the norm, there is a growing trend of merchants offering discounts to customers who pay with cash. These cash discounts typically range from 2% to 4%, though some can be even higher. According to data from the Federal Reserve Bank of Atlanta, only about 3% of
The struggle for economic equality for women has been deeply rooted in history. Author Josie Cox delves into the past to shed light on the challenges that women have faced over the years. From the Women’s Business Ownership Act passing as recently as 1988 to women being barred from Ivy League colleges before 1969, the
Despite the fact that high inflation is beginning to subside, many Americans are still feeling the impact of elevated prices at the grocery store. The increase in grocery prices during the pandemic has continued to be a cause of concern for shoppers. Certain essential items like chicken breasts and bread have seen an increase in
Many teenagers are working summer jobs and it is the perfect time to introduce them to the concept of saving for retirement. Opening a Roth individual retirement account (IRA) can be a smart financial move for teenagers as it offers triple-tax efficiency and long-term benefits. Certified financial planner Carol Fabbri suggests that Roth IRAs are
The S&P 500 has been on a continuous upward trajectory, reaching record highs in recent times. Experts have observed a remarkable 53% surge since the peak of inflation in 2022. This growth has sparked concerns about a potential market correction, but some analysts believe there is still room for further expansion. Savita Subramanian, the head
The Biden administration recently announced the forgiveness of $7.7 billion in student loans for over 160,000 borrowers. This move is part of the U.S. Department of Education’s efforts to enhance its income-driven repayment plans and Public Service Loan Forgiveness program. Education Secretary Miguel Cardona emphasized the administration’s commitment to providing relief to millions of students
Lawmakers in the US are considering implementing federal children’s savings accounts through the 401Kids Savings Act. The proposal suggests creating savings accounts for all newborns with federal contributions for low- and moderate-income families falling under specific income thresholds. Current Status As of now, children’s savings accounts are operational in seven states nationwide. By the end