Payroll
Boomers and Millennials Spend Money Very Differently
Still, younger adults are more likely to move for work or to accommodate growing families. This means, the bank says, that younger generations face more rising rent and house prices as they move around, while older generations may move less.
Half of U.S. States Near Record Low Unemployment Rates
The unemployment rates in 25 states are currently at or within 0.1 percentage point of a record low, Bureau of Labor Statistics data showed Friday. New Hampshire and South Dakota had the lowest jobless rates last month, at 1.8%.
Colorado Businessman Gets 15 Months for $737K Employment Tax Evasion
A Colorado man has been sentenced to 15 months in prison for evading the payment of more than $700,000 in employment taxes he owed to the IRS.
3% Social Security COLA Estimated for 2024
The Senior Citizens League found that a 3% COLA would increase an average monthly benefit of $1,787 by a little more than $53.60.
FAFSA Changes Rules on 529 Plans, Making It Easier for Grandparents and Others to Help Students
Previously, any money that grandparents gave a grandchild for college had to be reported as student untaxed income on the FAFSA, potentially lowering the student’s eligibility for financial aid.
Workers Have Multiple Home Office Options
Only 4 percent of high-paying jobs were remote before the pandemic. That rose to 9 percent by the end of 2020, and it’s more than 15 percent today. There are expected to be 36.2 million American employees working remotely by 2025.
Survey Shows Top Reasons for Employee Turnover and the Impact of Pay Transparency
Employees are exceedingly tempted to jump ship and seek out a more stable role when they sense financial distress, so clear dialogue regarding organizational health is crucial to retaining talent.
Department of Education Will Forgive $39 Billion in Student Loans
All other monthly student loan payments will now resume 60 days after June 30, so around August 29, and interest will also start accruing again at that time.