A big hit to portfolios would be felt acutely by higher-income Americans, whose spending has recently been the biggest driver of the economy.
Category: Income
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American Wealth Is at a Record High. Sentiment Is Low, and Falling.
A surge in U.S. wealth has been driven by stock and home values. But the gains are concentrated at the top, leaving others in a sour economic mood.
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Obamacare Could See Big Changes in 2026
A proposed rule would restrict “eligibility, enrollment and affordability” in plans under the Affordable Care Act, health policy analysts say.
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What You Should Know About Your Spouse’s Money
Many couples are surprisingly unaware about key aspects of each other’s finances — and that can hurt them. Here’s how to get on the same page.
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Sharing Bank Accounts Can Deepen a Couple’s Relationship
Fewer couples are combining their bank accounts. But that trend may not promote partners’ overall financial health, experts say.
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IRS Free Tax Filing System Will Include 13 More States
The Direct File system will be open to millions of taxpayers in 25 states, up from 12 last year. But it’s unclear what will happen to the program next year.
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Richard A. Easterlin, ‘Father of Happiness Economics,’ Dies at 98
He put forth the so-called Easterlin paradox, finding that the richer you are doesn’t mean the more satisfied you’ll be with your life.
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I.R.S. to Send Out Unclaimed Tax Credit to One Million Taxpayers
Some Americans who qualified for a pandemic-era tax credit but did not claim it will get up to $1,400 in their account within the next month.
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How High School Graduates Can Improve Their Earnings Potential
New research shows that 73 “launchpad jobs” can help those without a four-year college degree advance and achieve higher pay.
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Have Paychecks Kept Up With the Cost of Living?
On average, wages have risen faster than prices in recent years. But not all Americans are getting ahead.