ALL THE MONEY NEWS YOU NEED TO KNOW | |
A viral blog post by a Wall Street portfolio manager is suggesting that the new poverty line for a family of four in America is $140,000 a year, reports Daniel de Visé. |
The Federal Poverty Level set by the Department of Health and Human Services for a family of four is $32,150. The median household income in 2024 was $83,730. | Parents pick out toys and food, during the Salvation Army's Christmas Cheer Event, Wednesday, Dec 18, 2024, in Columbus, OH. Courtney Hergesheimer/Columbus Dispatch, Courtney Hergesheimer/Columbus Dispatch / USA TODAY NETWORK via Imagn Images |
Is an inflation surge coming? |
Many economists and strategists believe President Donald Trump 's massive tax law, which was passed in July, may reignite inflation next year, reports Andrea Riquier. |
Because the law makes tax changes retroactive through 2025, some analysts are expecting what JP Morgan Asset Management is calling a "refund surge." Too much money may have been withheld from taxpayers, which means refunds in 2026 may surge. |
📰 Consumer stories you shouldn't miss 📰 |
Finally, here's a popular story from earlier this year that you may have missed. Feel free to share it. |
More remote workers have been called back to the office in the private sector and federal government. But the callback rules don't always apply to all employees. Is remote work only for the rich? |
Betty Lin-Fisher is a consumer reporter for USA TODAY. Reach her at blinfisher@USATODAY.com or follow her on X, Facebook or Instagram @blinfisher and @blinfisher.bsky.social on Bluesky. Sign up for our free The Daily Money newsletter, which breaks down complex consumer and financial news. Subscribe here. | | A popular blogger says the real poverty line for a family of four is around $140,000. There has been pushback. | | The Trump administration's signature tax law changes may stoke inflation in the early part of next year. Here's why that's worrisome. | | | | Some drivers have to jump start their cars regularly when temperatures drop. Here's why car batteries are so sensitive to low temperatures. | | | | A new global ranking reveals which cities are the most stressful to live in, based on commutes, cost of living, safety, health care, and air quality. | | | | A million dollars doesn't mean what it used to, according to a new Northwestern Mutual report. | | | | Millions of Americans may see a cut in SNAP benefits or lose them all together if states can't lower their error rates or pay for their mistakes. | | | | Amazon Now offers deliveries on thousands of items in 30 minutes or less. | | | | Millions of Americans will see a big jump in prices after year's end – if a bipartisan agreement remains elusive to keep costs down. | | | | Before you cast your vote for your favorite Christmas market of 2024, check out the top picks from USA TODAY 10Best's 2023 Readers' Choice Awards. | | | | Our app gives you award-winning coverage, crosswords, audio storytelling, eNewspaper and more. | | | | | Sign up for the news you want | Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you. | | | | | |
0 comments:
Post a Comment