Millennials Delay Life Milestones Amid Debt Burden

In the U.S., young adults are facing financial challenges unlike those of their parents. The burden of debt driven by enormous mortgages and students loans are having a dramatic impact on key life milestones.  Financial Dependence on Parents The Pew Research Center reports that less than half of 18- to 34-year-olds are fully financially independent … Read more

Survey Highlights Americans’ Struggle with Savings Shortfall

Recent survey data highlighting the state of savings accounts in the United States reveals a concerning trend. With inflation on the rise and wages struggling to keep pace, American bank balances are in a dire state. The Alarming Reality of Savings In a survey conducted by GOBankingRates, the data shower an astonishing one third of … Read more

Remote Work: How It’s Shaping Accounting as a Top Career Choice

As remote work continues to define ways of working, one profession is emerging as the most in-demand: accounting. While tech jobs are usually the poster child for remote work, accounting has now taken the spotlight, offering attractive salaries and flexible work options. This shift is reshaping how and where accountants work, with significant implications for … Read more

Rising Homelessness Among Seniors: Affordable Housing Elusive for Older Adults

As housing prices continue climbing across the United States, there’s a crisis looming on the horizon. Homelessness is on the rise, and one startling new trend is the aging face of those without homes. The country finds itself ill-equipped to provide adequate housing solutions for the growing number of older Americans facing dire circumstances. Escalating … Read more

Retirement Age Hike Aims to Support 1.6 Billion Seniors: Reaction Similar to French Riots?

Interested in how the changing demographics – longer lifespans and declining birth rates – are reshaping our world? With experts suggesting that the world will see over 1.6 billion people aged 65+ by 2050, we dive into the economic impacts and what they could mean for your everyday finances. Aging Population, Declining Birth Rates It’s … Read more

Universal Acts Against Fake AI Music, Removes Taylor Swift’s Songs from TikTok

Universal Music Group, holder of the rights to Taylor Swift, is calling time on TikTok, removing its huge artist catalog from the app due to lack of compensation and AI concerns. Universal Music Group’s Ultimatum Universal Music Group hit out at the Chinese social media app TikTok, warning it would remove its extensive music catalog … Read more

Labor Market Sees Layoffs Amid Job Market Booms: Exploring the Paradox

January 2024 witnessed a staggering 136% increase in job cuts compared to December, with U.S. companies announcing over 82,300 layoffs. Labor Market Lows Unemployment in the U.S. has reached historic lows, so why are so many corporations still cutting jobs? Almost Record-Breaking Layoffs This huge increase in layoffs is the second-largest total of job losses … Read more