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During the height of the COVID-19 pandemic, technology was in high demand. It helped workers clock in and earn paychecks from the safety of home as well as keep in touch with family and friends. Many tech leaders say they mistakenly thought those trends would be stickier than they have actually been, as higher interest rates have driven consumer credit debt up—and consumer spending on goods down. At the same time, tech workers, ironically, were not overwhelmingly happy with their jobs, surveys suggest. Some reports from idle employees suggest tech firms may have had a difficult time integrating new hires.
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6 common reasons why workers' compensation claims are denied
Simply Business compiled a list of six common reasons why workers' compensation claims get denied by employers.
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States where AI will put the most people out of work
The U.S. job market is about to enter an era of unprecedented change that could impact tens of millions of workers. As robotics and artificial intelligence technologies continue to advance, companies will be able to leverage new, cost effective tools to create and deliver their products to the market, while reducing their need for workers.
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Unexpected costs when starting your own business
Starting a business is a dream for many, but the excitement of bringing a vision to fruition makes it easy to overlook some of the nuts and bolts of running a business. Skipping those details may lead to failure: According to the Bureau of Labor Statistics, about 20% of new businesses close within their first two years, and 45% fail within the first five years.
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6 steps that will strengthen your retirement savings this year
Coming out of one of the most volatile years on record for the stock market, investors are looking for ways to take back some control over their investments—especially the savings they're putting away for retirement.
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How to set productivity goals for 2023
With the new year, many people make resolutions that they're going to get more done, whether it's at work or in their personal lives.
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The 23 deadliest jobs in America
Logging is often cited as the most dangerous job in America, and for good reason. It only takes a quick online search of logging accidents to see that the people who harvest trees for wood products, a fundamental raw material for the construction industry, are killed or injured with disturbing regularity.
The IRS is taking a closer look at your fintech transactions.
Give someone you love — or yourself — a financial valentine this week.
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Terry Savage: Do you live in a ‘sinkhole city’?
The American Rescue Plan Act of 2021 sent $350 billion of federal tax dollars to states, cities and tribal governments around the country to help them offset the costs and impact of COVID-19. That’s on top of the $150 billion that went to municipalities in 2020 under the CARES Act of 2020.
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The states with the lowest cost of living
Americans face a dilemma. The consumer price index rose 7% in December, and while wages have risen recently, they have not, for the most part, kept up with inflation. The median household income in the U.S. dropped 2.9% in 2020 to $67,521, in fact. Even as inflation increases the cost of living nationwide, the cost of living is not uniform between states. The state with the lowest cost of living is Mississippi.
(These are the best places to live on a budget of $30k.)Advertisement
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Terry Savage: What to do with chicken money in inflationary times
If you have some “chicken money” (money you can’t afford to lose), is this the time to throw caution to the winds and seek higher yields outside insured deposits?
It’s not fair that savers are losing money by trying to keep their money safe.
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Terry Savage: Retiree medical costs are soaring
If you’re a retiree dealing with Medicare, you’ve just noticed that your increased (5.9%) Social Security benefit is being reduced substantially by rising costs for Medicare Part B and Part D (your drug plan), as well as by increased costs for drugs that may be only partially covered by insurance.
If you’re a retiree dealing with Medicare, you’ve just noticed that your increased (5.9%) Social Security benefit is being reduced substantially by rising costs for Medicare Part B and Part D (your drug plan), as well as by increased costs for drugs that may be only partially covered by insurance.
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The worst cities to find a job for recent graduates
Using data from the Bureau of Labor Statistics and U.S. Census Bureau, 24/7 Wall St. created an index of six key measures to identify the worst cities for recent college graduates to find a job. Index measures are related to job growth, financial security, earnings, and employment opportunities for the young and the college educated. The disadvantages that recent graduates at the beginning of their career face in many of the metro areas on this list vary. One of the most common disadvantages is a lack of employment opportunities in fields that typically require a college degree such as information, finance and insurance, professional, scientific, and technical services. For similar lists visit 24/7 Wall St. .
Well, here’s a topic I hate to bring up this early in the year, but it’s time to think about filing your 2021 income taxes sometime in the next two months.
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The best-paying large companies in America
To determine the best paying large companies in America, 24/7 Wall St. ranked companies by their average annual salaries and bonuses as reported by the compensation data site PayScale and was current as of October 2021. Only companies with at least 500 employees and 75 employee reviews on PayScale that were also included in workplace industry site Comparably’s Best Compensation 2020 list were considered. In cases where two companies tied in combined average annual salary and bonus according to PayScale, the one with the higher ranking by Comparably was ranked higher. (Supplemental data on employee count and annual revenue came from SEC filings, annual reports, and various other sources.) For similar lists visit 24/7 Wall St. .
If you’re going to read just one financial book this year, read “Money Magic: An Economist’s Secrets to More Money, Less Risk and a Better Life.”
Congratulate yourself. Give yourself a nice pat on the bank. Somehow or other you survived 2021.
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10 notable people who broke barriers in the business world
Assemble compiled a list of people who, from the early days in the United States to the present, broke the glass ceiling across a variety of industries. The pioneers on this list include two Black women self-made millionaires. They include a woman who fought for a seat on the biggest financial exchange in the world, and a Cuban man immigrant who brought prosperity to a well-known American corporation. They are leaders, activists, and forward thinkers who would not stop no matter their race, ethnicity, or gender. Visit thestacker.com for similar lists and stories.
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In the post-holiday rush to return gifts and plan for New Year’s celebrations, please take one more minute to reconsider your holiday charitable giving.
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Terry Savage: The ravages of inflation
As all things cost more, workers demand higher wages to compensate. That’s happening now, and will continue into the future.
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These are the 26 jobs you are most likely to quit
Using data from the Bureau of Labor Statistics, 24/7 Wall St. . identified the 26 jobs you are most likely to leave. Occupations are ranked by the separation rate — the share of the workforce projected to leave each year between 2019 and 2029. The separation rate not only includes workers who quit, but also those who are fired or laid off. It is important to note that even before the pandemic, turnover in most of the occupations on this list was higher than average. Many of these occupations are entry-level positions, and while they have high separation rates, open positions are usually filled with new hires. In fact, in most occupations on this list, overall employment is projected to increase in the coming years.
Inflation is very simply the debasement of the currency.
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How student debt has grown in every state
Student loan debt can also vary significantly from state to state.StudySoup analyzed household debt statistics from the Federal Reserve of New York to understand how the average amount of student debt has grown across all 50 states. States are ranked by percent change in student debt per capita between the fourth quarter of 2003 and the fourth quarter of 2020, the most recent period available.
Stop waiting for a student loan forgiveness miracle, and start preparing to resume or restructure your student loan payments by February 1, 2022.
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Terry Savage: Attend to these year-end financial matters
But when it comes to financial matters, this time of year is not for looking back but rather for assessing where you stand — and where you want to go in 2022. The next few weeks are a time to take specific steps to make sure you’re on track. Here are a few items to consider.
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Weirdest superstitions people believe will bring wealth
People have been engaging in strange superstitions for centuries, many of which have pagan origins. Some have evolved over time and traveled from country to country as people moved from one place to another freely. Most are done with the confidence that they will bring good luck and, more specifically, money. For similar lists visit 24/7 Wall St. .
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Countries where the rich are taxed the most
To identify the 25 countries with the highest personal income tax rate in 2021, 24/7 Wall St. used multinational accounting firm KPMG data for 142 countries. Countries are ranked by the highest marginal tax rate, that is, the highest rate applied (from a certain income threshold).
What do you gift grown-ups, especially to those who already have everything? Or to millennials who already know everything?