In recent times, what was once considered a simple gesture of appreciation has transformed into a potential source of annoyance for consumers. The rapid surge of tipping culture post-pandemic has led to an increase in opportunities for tipping across a wide range of services, a trend now commonly referred to as “tip creep.” Surveys conducted
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With the influx of high-tech features in new cars, there is a growing concern about driver privacy, as highlighted by Ivan Drury, the director of insights at Edmunds. These new features, ranging from operating systems to navigation systems and remote unlock capabilities, heavily rely on data collection. This data can be gathered through various means,
As the federal tax deadline approaches, it is crucial to take advantage of any last-minute tax-saving opportunities available. One option to consider is making a pretax individual retirement account (IRA) contribution. This can help reduce your adjusted gross income and potentially lower your tax liability. With a deadline of April 15 for 2023 deposits, you
In a recent survey conducted by job site Monster, 95% of Americans expressed their intention to seek a new job in the upcoming year. The main driving factor behind this decision for 45% of respondents was the desire for a higher income. While it is true that switching jobs can lead to more rapid salary
The Social Security Administration recently announced a final rule that will significantly impact Supplemental Security Income (SSI) beneficiaries by preventing food assistance from reducing their monthly payments. SSI provides financial support to disabled individuals, the blind, or those age 65 and older with limited income or resources. This change is set to take effect on
When it comes to investing in cryptocurrency like Bitcoin, it’s important to approach it with caution. Katherine Dowling, the general counsel and chief compliance officer at Bitwise Asset Management, compares investing in cryptocurrency to using cayenne pepper – a little goes a long way. This analogy highlights the volatility and risk associated with digital assets
Despite the advancements in women’s education and their increasing presence in senior leadership positions in the workforce, mothers still bear the brunt of caretaking responsibilities for their children. Research indicates that women are more likely than men to take time out of the labor force or reduce their working hours to accommodate their family duties.
The warning from Democratic lawmakers regarding the potential reduction in Social Security benefits for older adults who are behind on their student loans sheds light on the increasing financial hardships faced by this vulnerable population. The estimated annual reduction of $2,500 in Social Security benefits for borrowers in collections can have a devastating impact on
Income-Driven Repayment Plans have been a part of the student loan landscape since 1994. These plans calculate borrowers’ monthly payments based on their discretionary income, offering a lower payment alternative to standard repayment plans. The remaining debt is typically forgiven after 10, 20, or 25 years, depending on the specific plan. However, a major challenge
Breaking up in old age can be a costly affair, especially for women. The term “gray divorce” refers to divorce occurring at age 50 and older, and statistics show that the rate of gray divorce has doubled from 1990 to 2019. A study published in The Journals of Gerontology revealed that the share of Americans