In recent years, there has been a concerning trend in workplace engagement where employees are disengaged or actively seeking ways to be disconnected from their work. According to a 2023 Gallup poll, only one-third of full- and part-time employees are actively engaged in their work, while 50% are not engaged, and another 16% are actively
Personal
Rentvesting is a unique approach to real estate investment where individuals rent their primary residence in one city while purchasing an investment property elsewhere to rent out. This strategy allows individuals to enter the property market without the burden of high home prices in their current location. According to Danielle Hale, chief economist at Realtor.com,
The Biden administration has been facing continuous legal challenges in its efforts towards student loan forgiveness. Despite rolling out the Saving on a Valuable Education (SAVE) plan, lawsuits filed by Republican-led states like Arkansas, Florida, and Missouri have partially suspended it. This ongoing legal battle has created uncertainty for student loan borrowers seeking relief. The
Deflation in the U.S. economy has significantly decreased since its peak two years ago. The measure of deflation indicates how quickly prices are falling for consumer goods or services, in contrast to inflation, which measures the rate at which prices are increasing. Economists point out that much of the deflation over the past year can
The U.S. Department of the Treasury and the IRS recently announced a significant achievement in collecting more than $1 billion in tax debt from high-income individuals over the past year. This marked a major milestone for the agency as they continue to crack down on tax evasion among the wealthiest Americans. With new funding totaling
Over the past decade, there has been a noticeable decline in the share of people with medical debt in collections on their credit reports. A 2023 study by the Urban Institute revealed that in 2013, 19.5% of Americans had medical debt in collections, which dropped to just 5% in 2023. These figures demonstrate a positive
With the upcoming presidential election between President Joe Biden and former President Donald Trump, many investors are feeling nervous about what the outcome could mean for their money. A survey conducted by investment company Betterment found that 57% of investors are feeling anxious about the election, with 40% expecting to change their investments based on
President Joe Biden is considering forgiving the debt of millions of federal student loan borrowers just weeks before the upcoming election. According to the Biden Administration’s Spring 2024 Unified Agenda, the U.S. Department of Education will finalize its rule on student loan relief in October. The current timeline indicates that the execution of the program
Inflation appears to be slowing down, which may seem like good news at first glance. It indicates that the economy is growing while the rate of price growth is decreasing. However, the reality is that prices remain high and are likely to stay that way for the foreseeable future. Mark Hamrick, a senior economic analyst
Roth individual retirement account conversions are a popular method to minimize taxes on pretax 401(k) or IRA withdrawals. A Roth conversion ladder involves transferring pretax or nondeductible IRA funds to a Roth IRA for tax-free growth. This strategy allows you to spread out the tax liability over multiple years, enabling you to pay taxes in