Recent years have witnessed a burgeoning recognition of the importance of financial literacy among high school students. One exemplary institution at the forefront of this movement is KIPP DC College Preparatory, which offers the NAF Academy of Business program. This initiative equips students not just with essential academic skills but also practical financial knowledge that
Personal
As 2025 approaches, many individuals are adjusting their financial strategies amidst changing interest rate projections from the Federal Reserve. With the central bank hinting at a slower pace of interest rate cuts than anticipated, the immediate response has been mixed, especially among those grappling with debt. However, for savers and those holding funds in high-yield
As the holiday season wraps up, a troubling trend is emerging among American consumers—an escalation in holiday debt. A recent survey conducted by LendingTree reveals that 36% of Americans found themselves constrained by holiday expenses, resulting in an average debt accumulation of $1,181. Though this figure represents a modest increase from the $1,028 recorded last
The filing requirements surrounding the Beneficial Ownership Information (BOI) report have garnered considerable attention, particularly following the recent announcement from the U.S. Treasury Department regarding an extended deadline for compliance. Originally set for January 1, 2024, small businesses now have until January 13, 2025, to submit this vital information to the Financial Crimes Enforcement Network
The landscape of the U.S. job market has undergone profound changes over the past few years, transitioning from a phase dominated by high employee turnover to one where workforce stability is the norm. This shift, encapsulated by terms such as the “Great Resignation” of 2021 and 2022, has gradually transformed into what can be described
The Internal Revenue Service (IRS) has recently unveiled a significant announcement that will benefit many taxpayers who missed out on the 2021 Recovery Rebate Credit. Starting later this month, the agency plans to deliver automatic payments of up to $1,400 to approximately one million eligible individuals who did not claim this credit on their tax
The Biden administration’s recent withdrawal of significant student loan forgiveness plans raises critical questions about the future of student debt relief in the United States. Two major proposals aimed at allowing the Secretary of the U.S. Department of Education to cancel loans for specific groups of borrowers have been sidelined. This decision comes at a
The beloved holiday film “Home Alone” has entertained generations since its release in 1990, but beyond the comedic misadventures of a young boy defending his home from burglars, viewers have become increasingly curious about the financial status of the fictional McCallister family. How affluent are they really? This article will delve deeply into the subtle
As the holiday shopping season reaches its peak, consumers are not just excited about their purchases but also steeling themselves for the inevitable returns that follow—a phenomenon aptly dubbed “Returnuary.” As we embark on the new year, the National Retail Federation (NRF) anticipates a staggering 17% of all merchandise sales will be returned in 2024,
In recent years, the landscape of retirement savings has been undergoing a significant transformation, particularly among millennials. In what was once considered merely aspirational, hitting the $1 million mark in retirement accounts is increasingly becoming a reality for this generation—a noteworthy shift from previous decades. The rise in the number of younger individuals meeting this