Inflation may have started to ease, but it remains well above most consumers’ comfort level, and spending has slowed considerably, recent reports show. The core consumer price index for May was at 5.3%, while the personal consumption expenditures price index increased just 0.3% for the month when excluding food and energy. “The bottom line is everybody is
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“Honestly, I think the prompt irritates most people,” said Lyn James, the owner of Flowers & Cappuccino by Lasting Visions in Bowman, North Dakota. James said that’s why she opted out of the tip screen when she implemented her store’s contactless point-of-sale system. Although gratuity can vary greatly, “most folks will leave at least a
Vesna Andjic | E+ | Getty Images Higher earners are more likely to owe an extra levy on investment earnings than a decade ago. But there are ways to reduce your tax bill, experts say. Enacted as part of the Affordable Care Act health-care expansion, the 3.8% net investment income tax applies to capital gains,
Renphoto | E+ | Getty Images Fireworks-related damage may be covered by your renters or homeowners insurance policy — but not always. “The very short answer is: Usually there’s coverage,” said Peter Kochenburger, executive director of the insurance law program at the University of Connecticut and deputy director of the university’s Insurance Law Center. “It
People line up outside of the Supreme Court in Washington, D.C., on June 30, 2023. Kent Nishimura | Los Angeles Times | Getty Images Many student loan borrowers face risk factors that suggest they could struggle covering their bills, especially after the Supreme Court struck down President Biden’s federal student loan forgiveness proposal and repayment
Kieferpix | Istock | Getty Images A record 43.2 million people are expected to travel by car this July 4 holiday, according to AAA, the motoring and leisure travel membership organization. The good news for those drivers is that gas prices around the country are lower than they were last year. The national average for
vgajic | E+ | Getty Images Recent events have prompted investors and businesses to begin redeploying their savings in order to generate greater yield while protecting their principal. Their options include traditional means such as money market funds or short-duration Treasury bills and more volatile stores of value, such as gold. Some investors have even
By nearly every measure, buying a car has become extremely expensive. Not only are new vehicle prices near an all-time high, but the interest rate to finance a purchase has also jumped dramatically. Now, fewer affordable new cars even hit the market, according to recent reports. Today, new cars priced under $30,000 make up just
The Supreme Court struck down President Joe Biden’s student loan forgiveness plan on Friday, yet college affordability will remain an issue for years to come, experts say — causing more students to opt out altogether. Given the Supreme Court‘s ruling against affirmative action admission policies, as well, “it’s very appropriate for us to be concerned,” said Kelly
Infielder Bobby Bonilla of the MLB’s New York Mets at a game against the Los Angeles Dodgers at Dodger Stadium, July 25, 1993. Stephen Dunn | Getty Images Sport | Getty Images Former Major League Baseball player Bobby Bonilla collects a $1,193,248.20 check from the New York Mets every July 1, and he’ll continue to