As Generation X individuals begin to approach retirement age, the looming pressure of saving for their golden years is becoming increasingly burdensome. A report from Natixis Investment Managers revealed that a staggering 48% of Gen Xers believe they will not have enough money to fully enjoy their retirement. Furthermore, 31% of those surveyed expressed fears
Personal
Wealth transfer from one generation to the next through homeownership is a crucial aspect of building financial stability and security within families. However, issues such as heirs’ property and appraisal bias can significantly impact the ability of individuals to pass on their property and accumulate wealth. According to estimates, more than $32 billion in assessed
The latest government inflation data indicates that the rate of price increases for food has slowed down in recent months. However, despite this, the majority of American shoppers still feel overwhelmed by the high prices they encounter in grocery stores. According to a report by Intuit Credit Karma, 80% of Americans have experienced a significant
The U.S. Department of the Treasury and the IRS have taken a stand against tax loopholes that have allowed large partnerships to evade paying their fair share of taxes. This plan is aimed at closing a major tax loophole known as “related party basis shifting,” which has cost the government an estimated $50 billion in
The recent decision by the Federal Reserve to keep interest rates unchanged has far-reaching implications for consumers, especially those who carry a balance on their credit card. With only one rate cut expected before the end of the year, the likelihood of a significant reduction in credit card interest charges is slim. This means that
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
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