As of May, the average car payment in the United States stands at a steep $760 per month, marking a significant increase from the $535 average seen just a few years ago. This surge can be attributed to a combination of high vehicle prices and soaring interest rates. Despite a slight decrease from the peak
Personal
Arkansas Attorney General Tim Griffin’s story highlights the struggles many individuals face when it comes to paying off their student loans. It took him nearly three decades to settle his $100,000 debt. Despite his own challenges, Griffin questions the idea of forgiving student loans, emphasizing the concept of personal responsibility and fairness. The issue of
Generation Z, born between 1997 and 2012, is making waves in the world of investing by starting at an average age of 19. This group’s early start is significantly younger compared to other generations, such as baby boomers who began investing at 35 and millennials at 25. According to Rob Williams, a certified financial planner,
When it comes to managing your finances as a self-employed individual or small business owner, staying on top of your estimated tax payments is crucial. The second-quarter estimated tax deadline for 2024 is on June 17, and failing to make a payment by this date could result in a penalty from the IRS. It is
The real estate market is seeing a significant increase in homeowners listing their properties for sale, according to the latest report by Zillow. New listings have spiked by 13% compared to the previous year, indicating a growing interest in selling. However, despite the surge in listings, properties are taking longer to sell, as potential buyers
When evaluating your retirement readiness, many people often look to compare their 401(k) balance with others to see how they stack up. However, relying solely on age group comparisons may not provide the most accurate picture. Recent data from Fidelity reveals that individuals in similar industries may serve as a more relevant benchmark for assessing
As Congress grapples with the decision on trillions in expiring tax breaks, a Senate Budget Committee hearing saw lawmakers and experts debating several Democratic proposals for higher taxes on corporations and wealthy Americans. The proponents of these plans argue that they aim to address income inequality and the federal budget deficit. Key points of discussion
The federal government recently announced a groundbreaking initiative by issuing over $1 billion in upfront tax credits to incentivize the purchase of electric vehicles (EVs) in an effort to accelerate the transition to cleaner transportation options. This move marks a significant shift in how EV tax incentives are administered, allowing buyers to receive immediate savings
In the realm of American politics, President Joe Biden and former President Donald Trump have made promises to extend expiring tax breaks for the majority of Americans. However, the real challenge lies in finding ways to finance these extensions as the expiration date for the tax breaks approaches. The Tax Cuts and Jobs Act of
Supplemental Security Income (SSI) has been providing financial assistance to people with disabilities and older adults for the past 50 years. Initially offering monthly benefits of $140 per individual or $210 per couple in 1974, the program has since increased the maximum monthly benefit to $943 for individuals and $1,415 for eligible couples by 2024.