Recent reports indicate that the job market for new college graduates is facing a slight decrease in hiring rates compared to the previous year. Employers are planning to hire approximately 5.8% fewer graduates from the Class of 2023, as stated by the National Association of Colleges and Employers. This decline is particularly noticeable in industries
Personal
The current economic situation in the United States has left many individuals feeling the pinch of rising prices. With inflation on the rise, 65% of U.S. adults surveyed by CNBC/SurveyMonkey expressed that inflation is the main driver of their financial stress. Living paycheck to paycheck has become a common occurrence, with nearly half of those
Access to higher education is a critical factor in economic mobility and social equity. While some states have taken proactive steps to improve access, Connecticut stands out for its innovative initiatives to create pathways to college and reduce the burden of student debt. However, the state has struggled with one of the largest wealth gaps
President Joe Biden’s top economic advisor, Lael Brainard, recently discussed the country’s looming debate over the expiration of several tax breaks enacted by former President Donald Trump in 2017. These tax breaks, including lower federal income tax brackets, a higher standard deduction, and doubled estate and gift tax exemptions, are set to expire after 2025
When considering a Roth individual retirement account (IRA) conversion, experts suggest that timing is crucial in order to maximize tax savings. Roth conversions involve transferring pretax or nondeductible IRA funds to a Roth IRA, allowing for tax-free growth in the future. While there are upfront taxes to be paid on the converted balance, converting early
President Joe Biden is aiming to implement a student loan forgiveness plan before the upcoming November presidential election. However, the administration is currently sifting through an overwhelming amount of public comments on the proposal, which were published in the Federal Register. With over 34,000 comments already submitted and more expected before the 30-day public comment
As the baby boomer generation ages, there is a significant amount of wealth that is set to be passed down to the next generation. However, recent reports have highlighted a growing disconnect between how much millennials and Generation Z expect to inherit and what their aging parents actually plan on leaving them. While 68% of
The Social Security Administration’s trust funds, which are crucial for paying out benefits, are now projected to run out in 2035, which is one year later than previously estimated. This improvement can be credited to more individuals contributing to the program due to a strong economy, low unemployment rates, and higher job and wage growth.
Growing up on a New Jersey farm, sisters Rebekah Alstede Modery and Sarah Alstede had an early introduction to the agricultural world. With dreams of continuing their family legacy, both sisters pursued higher education to equip themselves with the knowledge and skills necessary to take on leadership roles at Alstede Farms. Despite the traditionally male-dominated
In today’s competitive job market, equity compensation has emerged as a key workplace benefit for employees. According to a recent survey by Morgan Stanley, 72% of companies now offer some form of equity compensation to certain employees, up from 65% in the previous year. This type of benefit not only motivates employees but also helps