Consumer Confidence Jumps on Better Outlook for Hiring, Pay
U.S. consumer confidence rebounded in April as Americans felt better about the outlook for the economy and their income prospects, the Conference Board says.
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Low-Wage Workers See Little Reason for Optimism, Survey Finds
Low-wage workers, those earning $35,000 or less annually, are generally pessimistic about their finances and career prospects, a new survey finds.
Franchises Offer a Quick Start to a New Career
For wannabe entrepreneurs, franchises offer a proven business model that offers quick entry, but buying an established business doesn't come cheap.
Savings Shrink as Americans See Biggest Monthly Income Drop in 20 Years
Savings have fallen this year, as American households in January experienced the worst 1-month income drop since 1993.
Consumer Spending Up, Income Posts Largest Drop in 20 Years
U.S. consumer spending rose in January as Americans spent more on services, with savings providing a cushion after income recorded its biggest drop in 20 years. The Commerce Department said on Friday consumer spending increased 0.2 percent in January.
Consumer Spending Up 0.2%, but Income Has Best Gain in 8 Years
U.S. consumers increased their spending in December at a slower pace, while their income grew by the largest amount in eight years, the Commerce Department said. Income surged because companies rushed to pay dividends before income taxes increased on high-earners.
Your Year-End Tax To-Do List: A 5-Step Plan
Nobody likes to spend the holidays thinking about taxes. But by spending a little time now, you can potentially give yourself a nice reward when your IRS refund comes next year. Here are five ways you can uncover tax savings between now and New Year's Eve.
Obamacare Taxes: How the Changes Will Impact Your Income
Obamacare, aka the Affordable Care Act, has created its share of controversy among both supporters and opponents. Expect the arguments to get even louder once taxpayers start having to pay for it. In just a couple of months, two tax increases tied to Obamacare will take effect.
6 Ways to Save More Before the Year Ends
Here are six ways to grow your retirement account in the remaining months of 2012.
The 10 Happiest Countries in the World
Once again, 24/7 Wall St. has examined the OECD's report on life satisfaction. And once again, the United States fails to make the top 10 happiest nations in the world. Which countries do? Some may surprise you.
3 Simple Tax Terms That Have Been Redefined to Confuse Us
Is the U.S. tax code designed to be confusing? At more than 70,000 pages, its complexity is hard to overstate. But forget its size: Even in its most basic terms, the IRS seems determined to muddy the waters. To help you out, we've unpacked a few of the most weaselly weasel words.
Incomes Up Strong 0.5%, Consumer Spending Flat
Americans' incomes rose last month by the most in nine months, a hopeful sign for the economy after a year of weak wage gains. But consumer spending was flat.
Romney's Best Tax Break: Let's Talk 'Carried Interest'
Mitt Romney paid a lower tax rate on his $21.6 million income in 2010 than the average U.S. family. It's no secret how: He made his money from investments, not wages. But even people who favor low capital gains taxes might not approve if they understood more about a neat little income category he benefited from called "carried interest."
Poll: Most Americans Say $150,000 a Year Makes You Rich
More than half of those recently polled by Gallup said an income of no more than $150,000 would qualify that person as rich. When asked how much money per year would be necessary for them to consider themselves "rich," 53 percent mentioned an income of $150,000 or less, and 71 percent said an income of $300,000 would be enough.
As Holiday Season Begins, a Mixed Bag of Economic News
The news from the Commerce Department's Bureau of Economic Analysis was mixed Wednesday. Consumer spending rose in October, but just barely. Incomes were up a bit, but savings did too. And employment figures were just conflicted.