Residents in the southeastern United States recently experienced heavy rainfall and flash floods from Hurricane Debby, underscoring the importance of adequate flood insurance coverage. While many homeowners may have flood insurance to protect their property from such events, they may be surprised to learn that most policies do not cover damage to personal property and
Personal
Former President Donald Trump has reiterated his plan to eliminate taxes on Social Security benefits for seniors, a move that has sparked controversy among policy experts. While Trump claims this measure will benefit retirees, critics argue that it could have negative consequences for Social Security and Medicare trust funds. Policy experts warn that Trump’s plan
Recent reports have shown that credit card debt in America is on the rise, reaching a record high of $1.14 trillion. This increase has been fueled by a variety of factors, including higher average balances per consumer and an increase in delinquency rates. According to experts, consumers are maxing out their credit cards, indicating that
In the midst of financial struggles faced by many retirees, there has been a growing call to exempt Social Security from income taxes. This issue has gained bipartisan support and has now become a focal point in the 2024 election. Former President Donald Trump and Minnesota Gov. Tim Walz, the running mate of Vice President
The recent data on the unemployment rate in July has raised some concerns among economists, particularly in relation to marginally attached workers. These individuals, as defined by the Bureau of Labor Statistics, are those who are available and willing to work, but have not actively sought out employment in the four weeks leading up to
The personal financial records of Vice President Kamala Harris have recently come under scrutiny as she vies for the presidency of the United States. Despite maintaining a relatively basic approach to their finances, experts have pointed out missed opportunities for tax savings and improved financial strategies in her recent tax filings. According to Craig Hausz,
The rise of influencer culture in recent years has inundated social media platforms with ads and sponsored content promoting an excess of products and lifestyles. Many consumers, like myself, have grown weary of the constant pressure to buy things we may not need or can’t afford. However, a new trend known as “underconsumptioncore” has emerged
Planning a wedding can be an exciting yet financially stressful experience. According to The Knot 2023 Real Weddings Study, the average cost of a wedding ceremony and reception in 2023 was $35,000, with a $5,000 increase from the previous year. Many wedding expenses are directly related to the number of guests you invite, making it
Job seekers have been facing significant challenges in the job market recently, with concerns about the stability and growth potential of various sectors. The U.S. labor market is showing signs of a soft landing, according to Nick Bunker, Economic Research Director for North America at Indeed Hiring Lab. Yellow flags have been emerging in labor
Embarking on a long-term cruise journey is a dream for many, offering a unique opportunity for remote work while traveling the world. However, the tax implications of earning income while on a cruise ship can be complex and often overlooked. Despite being in international waters with a Bahamas flag flying atop the ship, American cruise