Financial related news.
Reducing spending in three common budget categories may significantly boost your ability to save money. And a small mental trick could help you stick to an ongoing savings plan. Those are the findings of two studies investigating the spending habits of better savers and the psychology of saving. Here's how to apply these habits to [...]
CHARLOTTE, N.C. — Roughly 4 in 10 Americans say they're still feeling the financial impact of the loss of a job or income within their household as the economic recovery remains uneven one year into the coronavirus pandemic. A new poll by The Associated Press-NORC Center for Public Affairs Research provides further evidence that the [...]
SACRAMENTO, Calif. — After getting $500 per month for two years without rules on how to spend it, 125 people in California paid off debt, got full-time jobs and had "statistically significant improvements" in emotional health, according to a study released last week. The program was the nation's highest-profile experiment in decades of universal basic [...]
The past year has fractured our world in countless ways. Now, as people look to pick up the pieces, those managing debt need to account for their position in our uneven economic recovery. In this so-called K-shaped recovery, one part of the population is rebounding quickly while another has a longer, slower path. For example, [...]
COLUMBUS (AP) — With the floodgates set to open on another round of unemployment aid, states are being hammered with a new wave of fraud as they scramble to update security systems and block scammers who already have siphoned billions of dollars from pandemic-related jobless programs. The fraud is fleecing taxpayers, delaying legitimate payments and [...]
Death and taxes may be the only certainties in life, but death taxes are only a remote possibility for most people. The vast majority of Americans won't ever have or give away enough to owe estate or gift taxes. Far more people could be affected if a tax break that benefits heirs is eliminated. While [...]
The recent GameStop stock frenzy provided what parents and educators call a teachable moment — an opportunity that presents itself to lend a little insight. So what is the best way for parents to teach kids about investing, particularly when the market behaves oddly? The Associated Press talked to a few parents and financial experts [...]
I placed more online orders than I can count in 2020. And I justified all of them. My front porch was filled with boxes containing all sorts of things: furniture (I needed to redecorate), paper towels (I needed to stock up), crafts (I needed activities), board games (more activities) and a treadmill (I needed exercise). [...]
NEW YORK (AP) — The frenzy around GameStop's stock may have quieted down, but the outsized influence small investors had in the saga is likely to stick around. No one expects another supernova like GameStop to happen again, where a band of smaller-pocketed investors helped boost a struggling company's stock 1,000 percent in two weeks, [...]
The approaching tax season is raising fresh questions for business owners who received a loan through the Paycheck Protection Program. Can you deduct expenses paid with your loan funds? Do you need to do anything differently this year? And if your loan is forgiven, is it considered taxable income? Answers to these questions have been [...]