Recent data from the U.S. Census Bureau indicates that the average size of newly constructed homes has been decreasing over the past few years. In the first quarter of 2024, the median size of a single-family home under construction was 2,140 square feet, down from 2,256 square feet in the first quarter of 2023. This
As individuals approach retirement with substantial pre-tax retirement account balances, it is crucial to have a solid plan in place to mitigate potential tax burdens in the future. Financial experts emphasize the need for proactive tax planning to avoid what is often referred to as a “tax time bomb” that can impact retirees when required
Despite the increase in mortgage rates and the rise in home supply, home prices in April continued to set new records. The S&P CoreLogic Case-Shiller National Home Price Index reported a 6.3% increase compared to the same period last year, marking the second consecutive month of a significant jump. According to Brian Luke, head of
Cisco’s Greater China head expressed confidence in the company’s growing business with Chinese electric car companies as they expand globally. The electric vehicle (EV) segment is becoming an important sector for Cisco in the region, with most of its revenue in Greater China coming from manufacturing companies. Among these, electric cars form the largest category,
The ongoing issues with the Free Application for Federal Student Aid (FAFSA) have created significant obstacles for high school seniors and their families. According to recent data from the National College Attainment Network, only 45% of high school graduates have completed the FAFSA as of June 14th, a decrease from 52% the previous year. The
The recent surge in inflation has left many retirees and near-retirees feeling the financial strain. According to a new study by Prudential Financial, 43% of 65-year-olds have postponed their retirement plans due to inflation, while one third of 55-year-olds are considering pushing off their retirement dates. These findings highlight the significant impact that rising prices
Ferrari is notorious for its high-performance combustion engine sports cars, but the luxury automaker is making a bold move by entering the electric vehicle market. Ferrari CEO Benedetto Vigna recently revealed that the all-electric Ferrari model is in the works and is expected to be launched in the fourth quarter of 2025. Despite the electric
The average 401(k) savings rate, including both employee deferrals and company contributions, has reached historic levels in recent years. Reports from Vanguard and Fidelity for 2023 and early 2024 show record-high combined savings rates of 11.7% and 14.2% respectively. These numbers emphasize the importance of setting money aside for retirement, with Vanguard recommending saving between
When couples face financial stress, the common belief is that open communication is key to resolving issues. However, research from Cornell University suggests that in reality, the opposite often occurs. According to Emily Garbinsky, an associate professor at Cornell, individuals under financial stress tend to avoid conversations with their partners out of fear that it
Target, a well-known retailer based in Minneapolis, has recently announced a partnership with Shopify to introduce new and trendy brands to its online platform. This collaboration aims at enhancing the overall shopping experience for Target’s customers by adding a variety of products from smaller and up-and-coming brands that utilize the Shopify e-commerce platform. By launching