Category: Economic News

Updated Credit Reporting Policy Could Raise Some Credit Scores

Starting today, the three major credit reporting bureaus (Equifax, Experian, and TransUnion) are instituting a change that could lead to credit score improvements for some Americans. Just in time for tax day, this update will exclude all tax liens from credit reports. As USA Today reports, those affected by this change in policy could see their scores rise by as much as 30 points. This latest development comes nine months...

How Would You Invest $10,000?

The LendEDU survey asked 1,000 American adults what they would do if they were given $10,000 tax-free and provided them a list of options to choose from. LendEDU also broke down the various options by generation, comparing the responses of Millennials (18-34), Gen Xers (35-54), and Baby Boomers (55+).

Which States Have the Highest Tax Burdens?

While most of us typically only think about the taxes we're paying once a year, this latest WalletHub study makes an excellent point in highlighting that not all the states are equal when it comes to taxes paid. In fact, if you're considering downsizing and relocating, this report could come in handy for identifying a new place to set up shop.

National Gas Prices Near 1,000 Day High

As the weather warms in most of the country, gasoline prices are also on the rise. Last week the national average for a gallon of gasoline was $2.66 — up $.04 from the week prior. Moreover that price puts the average just a few cents away from the 976-day high price according to GasBuddy.

Small Business Owners, Groups Concerned About Trade War Implications

It seems that, from week to week and day to day, the likelihood of the U.S. entering a trade war with China, Europe, or other countries varies greatly. Given these understandable fears it will be interesting to see if small business optimism experienced in 2017 will last as this year continues.

Trump's Tariffs Seemingly Spook Stock Market

As we've noted before, part of what has made these pullbacks and selloffs seem so dramatic is the long rising streak that preceded them. Still there's no doubt that a trade war with China would have many negative effects on the U.S. economy, making the recent dip look like a prelude to something much worse.

How Much You Need to Make in Each State to Net $100K

Given the different tax situations around the country, GOBankingRates created a map showing how much you'd need to make in order to take home six figures in each state. This study accounts for things like federal, state, and local income taxes as well as payroll taxes. The results are truly interesting, although there are also some asterisks to be discussed as well.

Home Prices Surged in February 2018

Those looking to sell their home this spring may be in the right market. U.S. home prices rose 8.8% in February of 2018, marking the largest jump in nearly four years (March 2014). It was also the 72nd straight month of growth.