Financial related news.
NEW YORK — Just as President Joe Biden is pushing to raise taxes on companies to help pay for his infrastructure plan, a report from a Washington policy group is highlighting how many firms pay zero despite making big pretax profits. More than 50 of the largest U.S. companies paid nothing in federal income taxes [...]
A new Harris Poll last week found that the COVID-19 pandemic has left many adults unsettled about their plans to retire. The survey, commissioned by Nationwide’s Retirement Institute, found that COVID-19 has forced one in five Americans, or 19 percent, to delay retirement or cancel retiring altogether, according to the 2021 Tax-Efficient Retirement Income survey. [...]
Many U.S. households retire without enough money to maintain their pre-retirement standard of living. Once retired, though, people often reduce their spending enough to make their money last, according to a recent study by David Blanchett, head of retirement research at Morningstar, and Warren Cormier, executive director of the Defined Contribution Institutional Investment Association's Retirement [...]
No matter how modern opposite-sex couples can be in their views on equality, old habits die hard. The COVID-19 pandemic has made this abundantly clear to parents who already struggled to find balance. According to the Federal Reserve Bank of Minneapolis, mothers and fathers both left the workforce earlier in the pandemic in April 2020, [...]
As the pandemic shut down the world around her, Ashli Smith, an Atlanta resident and mom to a newborn, says she set up autopay for her recurring bills to help her stay organized and avoid late payments. "With everything going on, plus being a mom, I don't want to forget to pay something or someone," [...]
NEW YORK (AP) — It was one year ago that the terrifying free fall for the stock market suddenly ended, ushering in one of its greatest runs. On March 23, 2020, the S&P 500 fell 2.9 percent. In all, the index dropped nearly 34 percent in about a month, wiping out three years' worth of [...]
Unemployment fraud in the U.S. has reached dramatic levels during the pandemic — the Labor Department inspector general's office estimates that more than $63 billion has been paid out improperly through fraud or errors since March 2020. Criminals are seizing on the opportunity created by the pandemic. Using data stolen from prior data breaches, the [...]
Many people want to remain in their homes after they retire rather than move to a senior living facility or community. Unfortunately, most homes aren't set up to help us age safely and affordably. If your goal is to "age in place," some advance preparation could help make that possible — or point to better [...]
NEW YORK (AP) — A year ago, Max Kumangai was dazzling crowds with a jolt of live Broadway excitement. Now he's doing it with his bread. The triple threat from the musical "Jagged Little Pill" has leaned into a fourth skill as the pandemic marches on: baking and selling his own sourdough. From his Manhattan [...]
The U.S. economy ground to a halt in March 2020 as state after state issued lockdown orders and shut down businesses to blunt the spread of the coronavirus. A year later, mask-wearing is commonplace, the phrase "social distancing" is now in the dictionary, elbow bumps have replaced fist bumps and hugs are still on pause. [...]