Social issues
Your next quarterly 401(k) statement may be alarming. Here’s why
Your internal alarm bells may ring when reading your next 401(k) plan statement — at first blush, at least. Traditional 401(k) statements — regular notices that arrive by mail or online — show investors how much money they’ve saved for retirement, among other information such as investment allocations. Soon, they’ll also see how their nest […]
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Tech companies urge U.S. to let the kids of visa holders stay past the age of 21
Muthumalla Dhandapani, an Indian immigrant with an H1-B visa and a Comcast employee in Sunnyvale, protests President Trump’s immigration orders in 2017. Santiago Mejia | Hearst Newspapers | Getty Images A coalition of tech companies including Amazon, Google, Salesforce and Uber are urging the Department of Homeland Security to revise policies for children of high-skilled […]
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Retirement tax breaks benefit higher earners, leaving middle-class savers behind, report finds
Fstop123 | E+ | Getty Images Tax breaks designed to boost retirement savings may primarily benefit higher earners, leaving middle-class workers behind, according to a report from the National Institute on Retirement Security. With most Americans receiving less than half of preretirement income from Social Security, many rely on employer-sponsored savings plans and individual retirement […]
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The IRS is working to increase its audit rates for higher earners
Jeffrey Coolidge | Photodisc | Getty Images The IRS is working to boost its audit rates for the wealthiest Americans, according to a statement recently released with the agency’s annual Data Book, covering activities for the 2021 fiscal year. While plummeting audits have drawn scrutiny from Congress, percentages have doubled for filers making over $100,000 to more […]
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More than half of Americans say they are ‘pro-choice,’ the most since 1995, Gallup finds
Activists hold Pro-Choice posters. Local pro-Choice activists gathered at the Alberta Legislature in solidarity with US women to protest in defense of abortion rights. On Sunday, May 8, 2022, in Edmonton, Alberta, Canada. Artur Widak/ | Nurphoto | Getty Images The percentage of Americans who identify themselves as “pro-choice” hit 55% — its highest level […]
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Starbucks union creates $1 million fund to cover lost pay for striking baristas
A protester waves a sign that read "unionize" near the Country Club Plaza Starbucks store where dozens of Starbucks employees and union supporters protested alleged anti-union tactics by the company Thursday, March 3, 2022. Jill Toyoshiba | Tribune News Service | Getty Images The union backing organizing efforts at Starbucks is creating a $1 million […]
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California’s unprecedented reparations report details 150 years of anti-Black harm
A demonstrator raises a fist during a “Sit Out the Curfew” protest against the death of George Floyd who died on May 25 in Minneapolis whilst in police custody, along a street in Oakland, California on June 3, 2020. Philip Pacheco | AFP | Getty Images A new report from California’s first-in-the-country reparations task force […]
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Elon Musk reportedly tells Tesla workers to return to the office full time or resign
Elon Musk has reportedly told Tesla employees to come back into their respective offices at least 40 hours a week or leave the company. In two emails obtained by Electrek, Musk said that people must show up for at least 40 hours per week in a main Tesla office. “If you don’t show up, we […]
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This advisor started a financial non-profit to empower women. Here’s her top investing and entrepreneurship advice
Stacy Francis Source: Stacy Francis Stacy Francis never planned to become a financial advisor, especially one for women going through divorce. But a candid talk with her grandmother shifted her career trajectory. Her grandmother, Myra, was a victim of spousal abuse and, before passing, she confessed to staying in her marriage because she felt “financially […]
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Supreme Court blocks Texas social media law that tech companies warned would allow hateful content to run rampant
A person walks down the sidewalk near the U.S. Supreme Court building in Washington, D.C., February 16, 2022. Jon Cherry | Reuters The Supreme Court on Tuesday blocked a controversial Texas social media law from taking effect, after the tech industry and other opponents warned it could allow for hateful content to run rampant online. […]
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