How much money it takes to be 'rich' in America for 2024
A recent GOBankingRates study utilizing IRS data reveals that the income required to be considered "rich" varies widely across the U.S., reflecting regional differences in cost of living, local economies, and tax structures.
More newlyweds opting for a 'mini-moon'– here's why
The need for fun and relaxation after the wedding day is leading more newlyweds to choose shorter getaways as an alternative to traditional honeymoons.
Bad service, no tip: Most Americans demand quality before tipping
A recent YouGov poll reveals that as tipping becomes an expected norm in increasingly varied sectors amid rising living costs, over half of Americans now express a growing resentment towards tipping, opting to leave no tip for subpar service.
'Doom spending' instead of home buying—how young people are spending their money
Amid inflation and climate concerns, younger generations, including Gen Z and millennials, are turning to "doom spending," buying luxuries as they find homeownership increasingly unaffordable.
Gas prices crept up this week, but not by much as oil prices fell
Demand for gas is up, but oil prices are down, causing gas prices to go up by just four cents.
How often does the IRS audit?
While the IRS accepts most tax returns, there are certain mistakes to avoid that may prompt the agency to take a closer look at your documents.
Your Social Security COLA increase could be bigger than expected next year
Social Security recipients are on track to receive a cost-of-living adjustment (COLA) next year that is bigger than previously expected after inflation accelerated for the third month in a row.
Tax Day 2024: States with highest and lowest taxes revealed
The tax deadline is on April 15, but what you owe can vary significantly based on the state that you live in.
Credit card delinquency rates hit worst level since 2012 in new Fed data
All stages of credit card delinquency — 30, 60 and 90 days past due — rose during the fourth quarter of 2023 to the highest level since 2012, when the Fed began tracking the data.
Tax Day 2024: Delayed filing allowed for Michigan counties impacted by flooding, severe storms
Residents of nine Michigan counties impacted by severe weather last summer have a few extra months to file their taxes. Monday is Tax Day, but residents in Eaton, Ingham, Ionia, Kent, Livingston, Macomb, Monroe, Oakland, and Wayne counties don't have to file their individual or business tax returns until June 17.
Tax Day 2024: Can’t file by April 15? Here’s how to get an extension
Please note: Filing for an extension by April 15 is necessary to avoid potential penalties.
'Subscription creep': How much it's costing you and how to stop it
Managing the array of consumer options can be daunting as expenses grow, especially when subscriptions are forgotten; here are strategies to track surplus subscriptions.
March inflation breakdown: What prices are rising the fastest?
Here is a breakdown of where Americans are seeing prices rising and falling the fastest as they continue to wrestle with sticker shock.
Is now the best time to buy a used car? Experts weigh in on post-pandemic pricing trends
“Buying a used car today is better than it has been in nearly four years," one expert says, but there are still some key things to know.
America's top 1% has total net worth of $44 trillion
Recent Federal Reserve data reveals that America's wealthiest 1%, with assets exceeding $11 million, amassed a record $44.6 trillion in wealth by the end of the fourth quarter of 2023, with fluctuations observed based on geographical location.
Social Security Administration announces new measures to deal with overpayments
Major changes to how the Social Security Administration handles overpayments were announced recently
Financial literacy event for Girl Scouts teaches value of money management
On Thursday, the 2nd floor of the Federal Reserve Bank transformed - it is the brainchild of former Detroit Public School Student and employee Laketa Dumas, founder of “The BIG Institute.”
Minimum wage vs. tipped wage: State-by-state comparison
Most fast food workers in California are set to be paid a minimum of $20 per hour under a new law that starts Monday. Here is a look at how that compares to other minimum wages across the country.
IRS has 940,000 unclaimed tax refunds from 2020 that will expire soon
The IRS is warning taxpayers that they may be leaving more than $1 billion on the table.
Here's why paid loyalty programs are all the rage at stores and restaurants
Looking for reliable sales in an unpredictable spending environment, more companies have extended their points-based loyalty tiers to making their most dependable customers feel valued for an up-front fee.