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Buying a home is no easy feat, but it’s grown substantially harder for younger generations of Americans. According to recent Census data, the homeownership rate for millennials stands at 48.6% — over 20 percentage points below Gen X and nearly 30 below baby boomers. By Levi Leidy Even among 40-year-old millennials, the homeownership rate (60%) lags behind older generations at that same age. Apartment List reports that 64% percent of Xers, 68% of boomers and 73% of the Silent Generation owned homes at 40....

With tax hikes on the horizon, the wealthiest Americans are already seeking loopholes to avoid paying more. One strategy that’s gaining favor is “entirely legal, easy to exploit, and politically very hard to close,” one policy expert told Bloomberg. By Dawn Allcot Stimulus Update: Petition for a Fourth Stimulus, State Economic Boosts, Golden State Checks & Child Tax Credits Learn How: Offset Crucial Bitcoin Tax While You Can — This Lucrative Loophole Could End in 2022...

Valentine’s Day is right around the corner, and this year, crypto lovers might be in luck. A new survey finds that talking cryptocurrency may help Americans find love. By Yaёl Bizouati-Kennedy See: Millennial and Gen Z Dating Expenses In the Times of COVID Find: For Valentine’s Day: Expert Advice for Talking About Money With Your Love Findings from eToro’s inaugural Crypto & Culture survey show that just mentioning crypto in an online dating profile may be an important factor in sparking a love connection....

The Walton family — of Walmart fame — who you might also know as the “world’s richest family,” has revealed its investments, according to Securities and Exchange Commission filings. The Walton Investment Team (WIT) began disclosing its holdings this year and revealed $4.9 billion in equities, according to their SEC Form 13F filing. By Yaёl Bizouati-Kennedy Stimulus Update: Petition for a Fourth Stimulus, State Economic Boosts, Golden State Checks & Child Tax Credits Learn How: 4th Stimulus Payment of $1,400 Not Off the Table Entirely Thanks to Inflation...

Belgian Eddy Merckx was considered the greatest cyclist of all time long after his appearance at the Tokyo Olympics in 1964. By Andrew Lisa Eddy Merckx Net Worth: $20 Million The winner of more than 500 major races, Merckx has too many records to name. His five Tour de France wins were the most ever until Lance Armstrong won seven before his doping disqualifications. Merckx was so dominant that by 1972, he had deals with Gillette, Adidas and other big brands....

If you are one of the many families who receive Supplemental Nutrition Assistance Program (SNAP) benefits, you might have wondered about where you can use them beyond your neighborhood grocery store. This is especially relevant for people who are new to the program or who want to use their benefits if they travel to another U.S. state. By Cynthia Measom Do You Have a Tax Question? Ask a Tax ProLearn: 3 Ways Smart People Save Money When Filing Their TaxesFood Stamps: What Is the Maximum SNAP EBT Benefit for 2023?...

It would be nice, almost uncharacteristically peaceful, if some new notion was not attacking your wallet every day. You work full-time at a job, sometimes multiple jobs, just to keep the lights on and food in the fridge — so why can’t the economy get its house in order? By Caitlyn Moorhead Key Takeaways About Interest Rates Who Sets Interest Rates Future Rates Where To Invest Why Rates Are Rising The cost of goods, foods and services have all been steadily increasing, which makes it no surprise that interest rates are going up as well....

If anyone wondered whether the gender pay gap is still a force to be reckoned with, they need look no further than at men and women’s respective savings account balances in 2022. According to New York Life’s latest Wealth Watch survey, in 2022 women saved an average of $3,146, while men saved an average of $7,007. By Nicole Spector Social Security: Women Get $354 Per Month Less Than Men – Here’s WhyRead: 3 Ways Smart People Save Money When Filing Their TaxesFind: How 2023 Recession Will Differ From 2008 and How You Should Prepare Differently...

The rise in remote working during the COVID-19 pandemic might be a mixed blessing to both employees and companies, but it has had at least one positive outcome: It made home purchases affordable for nearly two million renters because they can now buy farther away from pricey metro areas. By Vance Cariaga See: 10 Ways to Lower Your Cost of Living Without MovingFind: Fourth Stimulus Checks Are Coming From These States — Is Yours on the List?...

Following Apple CEO Tim Cook’s announcement that employees would have to return to the office three days a week, some of them are pushing back, saying the decision has “already forced some of our colleagues to quit,” according to The Verge. By Yaёl Bizouati-Kennedy See: 40 Legit Companies That Will Pay You To Work From HomeFind: 14 High-Paying Jobs at Apple, Facebook and Google That Don’t Require a College Degree...

If you work for an employer and you haven’t adjusted your withholdings, chances are good that you have a tax refund coming your way soon. But how much should you plan on getting back from the government? By Andrew Lisa If You’re Getting One: How You Should Use Your 2022 Tax Refund, According To ExpertsImportant: How Long Will It Take To Get Your Tax Refund? $1,000 Is Actually Well Below Average — Depending on What You Make The study’s respondents were correct to expect a four-figure refund — but $1,000 is only about half of what’s coming their way, in most cases....

Doing your holiday shopping at Costco this year? The warehouse club makes it easy to save on everything from bulk grocery purchases to office products and personal care items. By Heather Taylor During the holiday season, however, savvy shoppers may want to learn more ways they can save at Costco that go beyond opting for Kirkland Signature brands and downloading the Costco app. Follow these tips to discover hidden ways you can save on all of your Costco holiday shopping....

Despite reports that many Americans will be altering their Thanksgiving plans by gathering with friends over pizza (or skipping the holiday altogether) to save money, a recent NeilsenIQ poll found that 91% of Americans will be celebrating Thanksgiving. By David Nadelle Stimulus Checks: See If Your State Is Mailing Out Payments in NovemberAdvice: 5 Things You Must Do When Your Savings Reach $50,000 However, according to the Neilsen survey, many revelers are going to change things up to save money this year....

Ongoing customer service issues at the Social Security Administration have finally gotten bad enough that U.S. lawmakers decided to do something about it — but it might be a while before you see any significant improvements. By Vance Cariaga See: 20 Best Places To Live on Only a Social Security CheckFind: 10 Reasons You Should Claim Social Security Early Congress held a hearing on May 19 to identify ways to fix the SSA’s customer service fix problems, which mainly boil down to interminable wait times on the phone if you’re lucky enough to get through at all....

Bank of America is eliminating fees for insufficient funds and cutting overdraft fees from $35 to $10, the bank announced in a press release on Jan. 11. The bounced check fee is set to end next month and the overdraft fee reduction will begin in May, a move hailed by many financial experts. By Josephine Nesbit See: 8 Best Banks With No Overdraft Fees in 2021 Find: Capital One Ditches Overdraft Fees Amid Increased Regulatory Scrutiny of the Practice...

Chicago got one of its nicknames, “Second City,” in 1890 when the census showed it had passed Philadelphia as the nation’s second-largest city, the Chicago Reader once reported. By Jami Farkas The nickname has stuck through the years; but, when it comes to world-class lodging and things to do, Chicago is second to no city. Stylish, high-end travel in Chicago tends to be pricey, however. Discover: States Whose Economies Are Failing vs....

In news that will no doubt bring smiles to the faces of people who are sick of having to change their clocks twice a year, on March 15 the Senate passed legislation that would make daylight savings time (DST) permanent. This should have a positive economic impact as well, if for no other reason than it will end any tertiary harm done whenever clocks are changed. By Vance Cariaga See: What Daylight Saving Time Costs the US Find: The Little-Known Financial Benefits to Daylight Saving Time...

Americans are eating too much salt, according to the Food and Drug Administration, and it’s leading to heart disease, strokes, kidney damage — and elevated healthcare costs. Yesterday, the FDA released new sodium targets designed to encourage food manufacturers, chain restaurants and food service operators to reduce the amount of sodium in their foods. Most of the sodium in the American diet, according to NPR, doesn’t come from added salt we sprinkle on foods, but from pre-packaged, processed and prepared foods....

The days of the government providing free COVID-19 vaccines are coming to an end — it’s just a matter of when and how. And it’s looking like we will know very soon. By Nicole Spector Learn: Ending COVID Emergency Unemployment Benefits Helped the Economy, New Fed Study ShowsDiscover: Retail Pharmacies Are Now Offering Therapy Services On Aug. 30, the Wall Street Journal reported that the Department of Health and Human Services is holding a session for state department officials and healthcare industry reps to talk about how they can commercialize treatments for COVID in the near future so as to lift the expenses off the White House....

The number of Americans who quit their jobs in October remained high, decreasing only slightly to 4.2 million, down from a record 4.4 million in September, according to the Labor Department’s Job Openings and Labor Turnover Survey (JOLTS) report that came out on Wednesday, Dec. 8. By Yaёl Bizouati-Kennedy See: The Number of Americans Quitting Their Jobs in 2021 — And Will It Continue To Grow?Find: More Than 40 Percent of Caregivers Might Be Forced to Quit Jobs Instead of Returning to the Office, Study Finds...