Business + Money

A report from the charity Oxfam revealed that the world’s top five billionaires doubled their wealth in the same time it took for the world’s poorest 60% to lose a combined $1.5 trillion. Wealth Disparity Unveiled Oxfam’s report reveals that the world’s five wealthiest individuals have increased their wealth by over 200% to $869 billion … Read more

California just passed Assembly Bill 1228, increasing the minimum wage to $20 an hour and establishing a Fast Food Council to oversee working conditions and annual wage adjustments.  New Legislation California has just passed new legislation increasing the minimum wage for fast-food workers from the previous $16 an hour to $20 an hour. Even though … Read more

In a move that could potentially help hundreds of thousands of Americans across the United States, at least five states are reconsidering the age-old practice of allowing businesses to pay below the minimum wage to workers who are reliant on tips. Activists are eyeing the possibility of taking the fight on subminimum pay to as … Read more

14 states are lowering tax rates in 2024, but what does this actually mean for the individual states and their residents? Fourteen States This year 14 U.S. states are rolling out relief for their taxpayers, with plans to reduce individual tax rates for residents. 2024 Tax Plans These tax plans for 2024 have been unveiled … Read more

A new wave of billionaires is invading the world’s richest 1%, and they didn’t make their wealth through humble beginnings. Inheritance Surpasses Wealth Creation A shift in global wealth has occurred for the first time in the nine years that UBS has monitored billionaires. Inheritance Driving Billionaires In a report from UBS, the new members … Read more

The Biden-Harris Administration has unveiled a major initiative aimed at sparking innovation and boosting the U.S. economy. Driven by an investment exceeding $530 million, ten American regions identified for their potential as hubs of innovation are set to receive crucial financial support. The U.S. National Science Foundation’s Regional Innovation Engines program promises to revolutionize industries … Read more

With divorce rates steadily increasing for older Americans, academics and financial professionals are examining just how expensive these separations can be for people 55 and older. Rise of the Gray Divorce The term “gray divorce” refers to marriages that end later in life, usually over the age of 50. And since the 1990s, the rate … Read more

During the COVID-19 pandemic, income inequality in the United States worsened, with a significant wealth transfer upwards, as highlighted by the RAND Corporation’s findings of a $50 trillion shift from American workers to the wealthiest since 1975. The World Inequality Report further revealed that billionaires now own a record 3.5% of global household wealth, exacerbating … Read more

New reports and analysis show that despite significant increases in employment and income during the COVID-19 pandemic, the wealth gap between white, Black, and Hispanic households has also increased. Pandemic Changes There have been many studies on the financial changes that took place throughout the Covid-19 pandemic. One recent report has shown that ongoing trends … Read more

In 2024, the gender pay gap is still a significant problem in the United States. This issue has far-reaching impacts across all genders and income levels. 19th Century Feminists Start the Fight for Equal Pay In the mid-nineteenth century, the first cries for equal pay rang out as early feminists fought for equality across the … Read more