A Korean Secret to Keeping Friendships Strong: Savings Groups
In South Korea, it’s common for friends to form what are known as gyemoim to save for vacations, meals and other social activities.
Posted inContent Type: Service Identity Theft Income Tax Internal Revenue Service Personal Finances Rebates and Refunds Tax Credits, Deductions and Exemptions Tax Preparers and Preparation
First a Victim of Tax Return Identity Theft, Then a 2-Year Wait for a Refund
The I.R.S.’s Taxpayer Advocate Service found that many of those affected were lower-income people who depended on refunds to cover living costs. The wait is “ridiculous,” the head of the service said.
Posted inArtificial Intelligence Content Type: Service Federal Reserve System Inflation (Economics) Interest Rates Mutual Funds Personal Finances Presidential Election of 2024 Standard & Poor's 500-Stock Index Stocks and Bonds
Why the Stock Market Has Risen Even With No Fed Rate Cuts
The S&P 500 has been buoyant mainly because of A.I. fever, while bonds are having another mediocre year. But as an investor, our columnist is staying the course.
Posted inAutomobile Financing Credit and Debt Credit Cards Home Equity Loans Inflation (Economics) Interest Rates Money Market Accounts Mortgages Personal Finances Student Loans United States Economy
How Fed Rates Influence Mortgages, Credit Cards and More
Higher rates benefit those who can save, but for borrowers falling rates would reduce bills on credit cards, home equity loans and other forms of debt.