According to a 2023 survey of over 1,000 Americans conducted by GOBankingRates, 40% stated that they had a monthly car loan payment. To that end, Trump’s OBBBA (tax reduction act) now allows eligible taxpayers to deduct up to $10,000 of annual interest payments for loans made on new U.S.-assembled vehicles. It’s no surprise that the government…
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It’s virtually impossible to go about our daily lives these days without doing things online in some fashion. Buying stuff, connecting with others, making travel plans; these are just a few of the many activities that the Internet has made both ubiquitous, simple, and quick. But with convenience comes risk. The downside is that if…
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Last year the Kaiser Family Foundation (KFF) surveyed about 1,500 adults regarding their financial preparedness for Long Term Care (LTC). The results were sobering. Less than 40% of the respondents were prepared to cover the cost of help with the various activities of daily living (dressing, bathing, eating, etc.) if needed. And only 28% of…
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After dropping below $800 million at the start of the coronavirus pandemic, the total aggregate credit card balance in the U.S. soared to nearly one trillion dollars as of the end of March this year, according to the Federal Reserve Bank of New York. That’s a new record high and does not bode well for…
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