Luis Alvarez | Digitalvision | Getty Images The pace of wage growth seems to be decelerating, according to the February jobs report issued Friday — but workers still have bargaining power in a cooling but strong job market, economists said. “Workers have a very strong negotiating position,” Mark Zandi, chief economist of Moody’s Analytics. “The
Personal finance
In this article WU Follow your favorite stocksCREATE FREE ACCOUNT The author in Argentinian Patagonia in February 2023. Here, the Spegazzini Glacier cascades into Lago Argentino, the third largest lake in South America. Waiting in an hourlong line at a Western Union wasn’t on my initial itinerary when planning a recent trip to Argentina. Yet
Parents and children participate in a demonstration organized by the ParentsTogether Foundation in support of the child tax credit portion of the Build Back Better bill outside of the U.S. Capitol on Dec. 13, 2021. Sarah Silbiger | Bloomberg | Getty Images President Joe Biden’s proposed budget for fiscal 2024 includes a host of proposals
U.S. President Joe Biden delivers remarks about his budget for fiscal year 2024 at the Finishing Trades Institute in Philadelphia, Pennsylvania, March 9, 2023. Evelyn Hockstein | Reuters Days after introducing a new plan to shore up Medicare, President Joe Biden called for “protecting and strengthening” Social Security with the introduction of his fiscal 2024
Willie B. Thomas/Hinterhouse Productions | Getty Images When it comes to retirement security for women, marriage may not give them the leg up it once did. Women who have spent the majority of their adult life single — whether due to divorce or never marrying — are now generally as well prepared for retirement as
Getty Images Moving in retirement can unlock a big pot of money to help fund those post-work years. In 2019, the typical homeowner age 60 or older who sold their home and relocated to a cheaper housing market accessed nearly $100,000 in home equity, according to new research published by Vanguard Group. The typical person
Drakula & Co. | Moment | Getty Images After a year of soaring prices, the IRS made annual inflation adjustments for dozens of tax provisions, including the federal income tax brackets for 2023, which may affect next year’s taxes, experts say. While the rates didn’t change, the brackets show the federal income taxes you’ll owe
Getty Images Roughly six weeks into the tax filing season, IRS improvements are underway with more staffing and technology upgrades as the agency begins deploying its nearly $80 billion in funding. While processing may be faster this year, experts say there are some key things to know before filing your return. “Every tax season has
Pascal Broze | Onoky | Getty Images Lawmakers are hashing out plans to shore up Social Security’s ailing trust funds, and the possible changes will affect the benefits Americans receive. Broadly, that comes down to two key changes: raising the retirement age and increasing the amount of annual wages subject to the Social Security payroll
Morsa Images | Digitalvision | Getty Images The pandemic-era trend of working from home remains a key feature of the U.S. job market — and is likely to stay entrenched as a permanent perk for a broad swath of the American workforce, according to labor economists. The pre-pandemic baseline of going into an office five
Justices on the bench hearing arguments about the student loan forgiveness program. Source: Bill Hennessy There were many tense moments Tuesday as the nine Supreme Court justices grilled the plaintiffs challenging the Biden administration’s student loan forgiveness plan and the government attorney defending the policy. The Supreme Court agreed to hear two challenges against President
U.S. Solicitor General Elizabeth Prelogar Artist: Bill Hennessey The government’s top Supreme Court lawyer may have saved President Joe Biden’s $400 billion student loan forgiveness plan from what experts considered all but certain defeat. Experts lobbed praise on Solicitor General Elizabeth Prelogar, the lawyer who represented the Biden administration in front of the nine justices