Latest in People's Incomes
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People's incomes are catching up with their debt
Credit card debt levels keep smashing records, but average balances are lower relative to borrowers' earnings than pre-pandemic and delinquencies are slowing.Top stories - NBC News - 7 hours ago -
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Brazil launches a G20 social summit to highlight needs of low-income people
Brazil has launched what it calls a social summit ahead of next week’s Group of 20 meeting of the top economiesWorld - ABC News - Yesterday -
From Overworked Operator to Passive Income Owner
How entrepreneurs can rethink their business strategy to one relying on self-management.Business - Inc. - October 25 -
IRS unveils Roth IRA income limits for 2025
The IRS unveiled the Roth individual retirement account income limits for 2025.Business - CNBC - November 1 -
Trump announces Tom Homan as incoming border czar
President-elect Donald Trump announced late that Tom Homan, the former acting director of U.S. Immigration and Customs Enforcement, will be his administration's "border czar."Politics - NBC News - 5 days ago -
Travelers’ stock soars as earnings triple despite record catastrophe losses
ravelers’ stock surges toward another record after earnings beat expectations by a wide margin, amid a sharp improvement in underlying profitability.Business - MarketWatch - October 17 -
Reeves looks to keep ‘stealth tax’ freeze on thresholds
Budget move on individual income could raise £7bn a year towards plugging £40bn fiscal shortfallBusiness - Financial Times - October 18 -
IRS announces new federal income tax brackets for 2025
The IRS has announced higher federal income tax brackets and standard deductions for 2025. Here's what taxpayers need to know.Business - CNBC - October 22 -
IRS unveils 2025 income tax brackets: Where do you fall?
Among the changes announced Tuesday are adjustments to standard deductions and marginal tax brackets.Politics - The Hill - October 22 -
IRS announces new federal income tax brackets for 2025
The IRS has announced new federal income tax brackets and standard deductions for 2025.Top stories - NBC News - October 22 -
Trump Flirts With the Ultimate Tax Cut: No Income Taxes at All
The former president has repeatedly praised a period in American history when there was no income tax, and the country relied on tariffs to fund the government.Business - The New York Times - October 24 -
Here's how to leverage higher income limits for the 0% capital gains bracket
Bigger earnings limits are coming for the 0% capital gains brackets in 2025. That could offer tax planning opportunities, financial experts say.Business - CNBC - October 25 -
Trump doubles down on replacing income taxes with tariffs in Joe Rogan interview
Vice President Kamala Harris has attacked the tariff policy proposed by Donald Trump, calling it effectively a "sales tax" on Americans.Business - CNBC - October 26 -
Vance says eliminating federal income taxes is not ‘realistic’ as Trump floats it
Donald Trump has floated the idea of eliminating the federal income tax. In an interview with Meet the Press, his running mate, JD Vance, says the idea is not “realistic,” calling it an ...Politics - NBC News - October 27 -
Most in Oregon opposed to measure creating universal basic income: Poll
A poll conducted by the Public Policy Polling firm shows that 54% of Oregon voters oppose a state effort to provide every Oregonian with $1,600 a year in basic income, citing potential negative ...Politics - The Hill - October 28 -
Trump proposes eliminating the income tax. Here's what experts think.
Experts cast doubt on whether the lost revenue could be replaced with tariffs.Top stories - ABC News - October 28 -
Revealed: the growing income gap between Europe’s biggest and smallest farms
Big farms rake in record profits when food prices soar, while small farms struggle on razor-thin margins. ‘Welfare for the rich’: how farm subsidies wrecked Europe’s landscapes . The income gap ...World - The Guardian - November 2 -
Five economic areas the incoming US president needs to tackle
New administration must find a way to maintain growth while repositioning the economyWorld - Financial Times - November 5 -
USDA ban on school lunch fees for low-income families begins in 2027
Struggling families pay as much as 60 cents per dollar in fees when paying for school lunches electronically, according to CFPB report.Top stories - CBS News - November 6 -
Japan’s new kingmaker pushes for income tax threshold rise
Yuichiro Tamaki’s once-fringe DPP has leverage over Prime Minister Shigeru Ishiba’s weakened ruling partyWorld - Financial Times - November 8 -
Incoming Trump presidency threatens millions of Americans’ healthcare plans
Congress likely not to renew extended ACA coverage next year and Trump’s ‘concepts of a plan’ for US healthcare are unknown. US elections 2024 – live updates Millions of Americans are at risk ...World - The Guardian - November 8 -
Elon Musk Uses X to Promote Trump’s Incoming Administration
Since the election, Mr. Musk has used his social media company to talk up how bright the future will be under the president-elect.Business - The New York Times - 6 days ago -
JPMorgan launches European version of JEPI, the largest active ETF
The manager has also launched JEPQ, another active US equity income ETF that has been hugely successful in the USWorld - Financial Times - 5 days ago -
SteamWorld Creators Announce Incoming Layoffs And Focus On Third-Party Games
Thunderful Games, the developer of the SteamWorld series, has announced 80-100 layoffs at the company and a reshifting focus for third-party games. In a press release , the company said the ...Tech - GameSpot - 15 hours ago -
Trump tax plans could exempt 93 million Americans from income taxes
Even if Donald Trump wins the November election against Vice President Kamala Harris, his tax overhaul will require a friendly House of Representatives.Business - CNBC - October 21 -
Battleground state election lawsuits and IRS raises income tax brackets: Morning Rundown
Kamala Harris interview, Donald Trump, John Kelly, JD Vance, IRS income tax brackets for 2025, bird flu cases in Washington, McDonald's quarter pounder, Liam Payne, Maya HenryTop stories - NBC News - October 23 -
It’s hard to fill a budget black hole if you’ve ruled out raising income tax | William Keegan
Keir Starmer and Rachel Reeves were so desperate to win the election that they deprived themselves of the best tools for fixing their bleak ‘inheritance’. It saddens those of us who waited so long ...World - The Guardian - October 27 -
Standard Chartered lifts income guidance again after beating third-quarter profit forecasts
The lender, which derives most of its revenue from Asia, saw pre-tax profit jump of 37% from the $1.32 billion posted a year ago.Business - CNBC - October 30 -
Who is Ruben Amorim? Manchester United's incoming new hire considered a rising managerial talent
Ruben Amorim is expected to replace Erik Ten Hag as Manchester United's manager, and here's how he's done in his professional coaching careerSports - CBS Sports - October 31 -
UK apologizes for child's death in case that made air pollution in low-income areas a national issue
The British government has apologized for the death of a 9-year-old girl who is believed to be the first person in the U.K. to have air pollution listed on her death certificate, after a ...Health - ABC News - October 31 -
UK apologizes for child's death in case that made air pollution in low-income areas a national issue
The British government has apologized for the death of a 9-year-old girl who is believed to be the first person in the U.K. to have air pollution listed on her death certificate, after a ...World - ABC News - October 31 -
The 10 most livable cities in the U.S. where costs are low, incomes are growing and there's plenty to do
If you're looking to live in a U.S. metro area that's both affordable and exciting, consider one of these 10 places.Business - CNBC - November 4 -
Whether it is President Harris or President Trump, a battle over taxes and tips is headed to Capitol Hill
Donald Trump and Kamala Harris back no-tax-on-tips policy, but in an election where the economy is the No. 1 issue, economists say the idea is flawed.Business - CNBC - November 4 -
USDA to ban online transaction fees on school lunch payments for low-income families
A federal policy will prohibit schools from charging transaction fees to low-income families when they make electronic deposits into their lunch accounts.Top stories - NBC News - November 4 -
Incoming Trump admin is eyeing new immigrant detention centers near major U.S. cities
The incoming Trump administration is eyeing locations and talking to private prison firms about drastically expanding the scale of immigrant detention centers.Politics - NBC News - 3 days ago -
Trump plan to 'end all taxes' on overtime pay would benefit millions of Americans, but it's going to be uphill battle
President-elect Trump has many tax cut plans and a promise to 'end all taxes on overtime', but in Congress, it's likely something has to give, and someone lose.Business - CNBC - 8 hours ago -
‘I retired earlier than planned’: I’m 69 and will have $6,000 a month in retirement income. The bulk of my $3.6 million is equities. Is that OK?
“I don’t expect equities to do as well over the next decade as they have in the past, but I still think they will outperform other options.”Business - MarketWatch - October 24
