Personal saving
The ‘gold standard’ for holiday purchases has ‘a huge drawback,’ analyst says — but it may still be the best way to pay on Black Friday
Black Friday bargain hunters shop at a Walmart store in New Jersey on Nov. 26, 2021. Tayfun Coskun | Anadolu Agency | Getty Images More Americans are struggling financially just as the peak shopping season kicks into high gear. Yet shoppers will still shell out $1,455, on average, on holiday gifts — in line with […]
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‘This is such an obvious opportunity’: New Goodwill store goes live online with a Picasso print, designer handbags and other treasures
Whether consumers are looking to save or are hunting for a buried treasure, the resale business is booming. During the Covid pandemic, secondhand stores such as eBay, the RealReal and ThredUp thrived online. related investing news Holiday shoppers aren’t in a rush. What that means for retail stocks So-called recommerce grew nearly 15% in 2021 — […]
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Buyers need a six-figure income to afford a ‘typical’ home, report finds. Here’s how to reduce the cost
It’s no secret that it’s a tough market for prospective home buyers. In October, U.S. buyers needed to earn $107,281 to afford the median monthly mortgage payment of $2,682 for a “typical home,” Redfin reported this week. That’s 45.6% higher than the $73,668 yearly income needed to cover the median mortgage payment 12 months ago, […]
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Retirement savers seek out protected havens in their 401(k) options. They may regret it later on
Investor Toolkit Retirement savers request protected havens in their 401(k) ideas. They might regret it afterwards Published Thu, Nov 17 20228:00 AM EST Greg Iacurci@GregIacurci Enjoy Reside Supply
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It’s been a rough year for crypto — but investors still may have a tax bill. Here’s how to prepare
After a rough year for cryptocurrency, taxes may not be a top priority for digital currency investors battered by steep losses. But the falling crypto market and the recent collapse of digital currency exchange FTX may affect next year’s tax bill — and beyond, according to financial experts. Despite recent losses, “gains from earlier in […]
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Biden names pick for new IRS head as agency plans for $80 billion funding, wrestles with backlog
The Internal Revenue Service building in Washington. SAUL LOEB/AFP via Getty Images New role a ‘challenging assignment,’ former IRS commissioner says Biden’s nomination comes at a critical time for the agency. After another difficult filing season, the IRS is still wrestling with a backlog. As of Nov. 4, there were 4.2 million unprocessed individual returns […]
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Massachusetts voters approve ‘millionaire tax.’ What it means for the wealthy
If you make more than $1 million a year in Massachusetts, you may soon be subject to a “millionaire tax” approved by voters this week through a ballot initiative. The new law creates a 4% tax on annual income above $1 million, on top of the state’s current 5% flat income tax, aiming to fund […]
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Voters approve higher minimum wage in Nebraska and Washington, DC. Votes still being tallied in Nevada
Activists demonstrate in support of a $15-per-hour minimum wage and tips for restaurant workers in Washington, D.C. on Feb. 8, 2022. Mandel Ngan | AFP | Getty Images Voters in both Nebraska and the District of Columbia on Tuesday approved higher minimum wages, while the results in a similar Nevada ballot measure are still pending. […]
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From buy now, pay later to Venmo, here are 4 of the best ways to pay for holiday gifts
What you buy this holiday season is just as important as how you buy it. In fact, the payment method you choose at checkout can go a long way toward helping you stick to a budget, save money and stay out of debt. “The credit card is the gold standard in terms of rewards and […]
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Consumers are cutting back on holiday gift buying amid higher inflation
Inflation is weighing heavily on the holidays this year. Roughly half of shoppers will buy fewer things due to higher prices, and more than one-third said they will rely on coupons to cut down on the cost, according to a recent survey of more than 1,000 adults by RetailMeNot. Though the study found many consumers […]
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