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The Nouveau Riche and the U.S. Tax Code: A Tale of Unequal Burdens 10 Ways to Retire Comfortably Even if You are Not a 401(k) Millionaire The Federal Reserve’s Rate Cut: What It Means for Your Finances and Why It’s Time to Act Now Dark Web Monitor Alert: Are You Safe from Identity Theft? 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Build Your Credit for Free Filing Your Taxes in 2022 Credit Cards that Offer 2% Cashback on All Purchases Navient Ordered to Cancel Student Loans U.S. Mortgage Interest Rates Soaring Two Big Banks Cut Overdraft Fees 2022 IPO DRAFT CLASS: Ranking the Top 10 Prospects Re-Drafting the 2021 IPO Draft All You Need to Know about Buy Now Pay Later companies Credit Card Sign-Up Bonus or SUB The Best Credit Card for the Middle-Class Make An All-cash Offer with No Cash Capitalism Always Ignores Politics All You Need to Know about the Financial crisis of 2007-2008 American Families Face Serious Rent Burden Savings Is An Expense You Can’t Build Generational Wealth If You Are Broke IT’S OFFICIAL: Robinhood is a Meme Stock All You Need to Know About Biden Mortgage Modifications & Payment Reductions Apple Card 2nd Year Anniversary: Should You Get It Now Wells Fargo to Pull Customers Personal Lines of Credit The Rise of Individual Investors The US Housing Market Is Booming. Is a Crash Ahead? 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LAWMAKERS AGREED ON $2 TRILLION CORONAVIRUS STIMULUS DEAL CORONAVIRUS STIMULUS PACKAGE FAILED AGAIN IN THE SENATE APRIL 15 (TAX DAY) DELAYED DEMOCRATS AND REPUBLICANS DIFFER ON HOW $2 TRILLION OF YOUR TAX MONEY SHOULD BE SPENT YOU CAN DELAY MORTGAGE PAYMENTS UP TO 1 YEAR, BUT SHOULD YOU? 110 Million American Consumers Could See Their Credit Scores Change The Middle-Class Needs to Support Elizabeth Warren’s Bankruptcy Plan The SECURE Act & Stretch IRA: 5 Key Retirement Changes 5 Best Blue-chip Dividend Stocks for 2020 9 Common Bankruptcy Myths 401(K) BLUNDERS TO AVOID Government Policies Built and Destroyed America’s Middle-Class & JCPenney Elijah E. Cummings, Esteemed Democrat Who Led the Impeachment Inquiry into Trump, Dies at 68 12 Candidates One-stage: Who Championed Middle-Class Policies the Most WeWork: From Roadshow to Bankruptcy Stand with the United Auto Workers Formal impeachment Inquiry into President Donald Trump America Is Still a Middle-Class Country SAUDI OIL ATTACKS: All YOU NEED TO KNOW THE FEDERAL RESERVE ABOLISHED BUSINESS CYCLES AUTO WORKERS GO ON STRIKE Saudi Attacks Send Oil Prices Spiraling REMEMBERING 9/11 What to Expect from the 116th Congress after Their August Recess Should You Accept the Pain of Trump’s Trade War? 45th G7 Summit-President Macron Leads Summit No More Upper-Class Tax Cuts Mr. President! APPLE CARD IS HERE-SHOULD YOU APPLY? THE GIG ECONOMY CREATES A PERMANENT UNDERCLASS 5 REASONS IT’S SO HARD FOR LOW-INCOME INDIVIDUALS TO MOVE UP TO THE MIDDLE CLASS ARE YOU PART OF THE MIDDLE CLASS? USE THIS CALCULATOR TO FIND OUT? WELLS FARGO IS A DANGER TO THE MIDDLE CLASS The Financialization of Everything Is Killing the Middle Class
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American Middle Class

The Nouveau Riche and the U.S. Tax Code: A Tale of Unequal Burdens

The lingering shadows of the Gilded Age stretch into the present, casting a long silhouette over America’s economic landscape. Families like the Waltons, the Mars clan, and the Cargill-MacMillans stand as pillars of enduring wealth, their fortunes built over decades and, in some cases, centuries. These dynasties have accumulated vast resources and mastered the art […]

Tax challenges new rich Tax challenges new rich
American Middle Class

The Federal Reserve’s Rate Cut: What It Means for Your Finances and Why It’s Time to Act Now

If you’ve been waiting for a sign to make big moves with your finances, this is it. The Federal Reserve just made its first interest rate cut since 2020, slashing the federal funds rate by a full half percentage point. This is no small step—it’s a loud and clear signal that the era of “cheap […]

The Federal Reserve’s Rate Cut The Federal Reserve’s Rate Cut
American Middle Class

Kamala Harris’s Ambitious Plan to Lower Housing Costs: A Comprehensive Look

Housing in America is in crisis. Skyrocketing rents, climbing mortgage rates, and a relentless shortage of affordable homes have left millions of Americans struggling to keep a roof over their heads. In response to this mounting challenge, Vice President Kamala Harris has unveiled a sweeping plan aimed at lowering housing costs and expanding access to […]

lower housing costs lower housing costs
American Middle Class

Taxing Unrealized Gains: A Political Pipe Dream with No Real Payoff

Democrats keep floating the idea of taxing unrealized gains, but let’s be real—it’s a non-starter. Why? Because they’re unrealized. Sure, they’ll tell you it’s aimed at the ultra-wealthy, those sitting on $100 million or more, and they’ll calculate it by subtracting liabilities from assets—essentially boiling it down to net worth. But let’s pause for a […]

Taxing Unrealized Gains Taxing Unrealized Gains
American Middle Class

In Search of the Next Asset Bubble

From Dot-com to U.S. Housing to Chinese Real Estate, there have been about nine notable global asset bubbles since the Great Depression. The most recent was the Special Purpose Acquisition Company (SPAC) bubble, which resulted from hyper-speculation. SPACs are shell companies created to take private companies public. Nikola Corporation, DraftKings, and Trump Media are notable […]

Next Asset Bubble Next Asset Bubble

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  • American Middle Class / Jul 10, 2021

    Wells Fargo to Pull Customers Personal Lines of Credit

    Wells Fargo to Discontinue Personal Lines of Credit and wind down its existing portfolio in the next few weeks.  The third-biggest U.S. bank by asset size sent notice to existing clients and informed them that their credit lines would be...

  • American Middle Class / Jul 06, 2021

    The Rise of Individual Investors

    Commission-free trading, meme stocks, and overhyped sectors have built an irrational exuberance in individual investors. More retail investors are buying and selling shares of individual companies.   While professional money managers are pulling back from the U.S. stock market due to...

  • American Middle Class / May 22, 2021

    What to Make of America’s Inflation Spike?

    Since the late 1920’s when statistics began to be officially compiled, the US inflation rate has fluctuated moderately.  Except for a surge in the 1920s and 1970s, the US inflation rate remained relatively constant, at the approximate optimum level. of...

  • American Middle Class / May 09, 2021

    How to Use Credit Cards Wisely

    Lenders want you to be creditworthy before they can finance that house, car, or new business, and the FICO credit score is how 90% of them determine that creditworthiness.  Credit cards, secured or unsecured, are among the best ways to...

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American Middle Class / Nov 15, 2024

Exploring the Financial Challenges of the Unbanked: Insights from the FDIC’s 2023 Survey

Introduction In 2023, about 4.2% of U.S. households—equivalent to approximately 5.6 million families—remained unbanked. Despite...

American Middle Class / Nov 09, 2024

Should You Rent vs Buy a Home? How to Decide.

The question of whether to rent or buy a home has been overanalyzed by just...

American Middle Class / Nov 05, 2024

Creating an Emergency Fund: Why Everyone Needs One and How to Build It Quickly

Introduction: The Safety Net You Can’t Afford to Ignore Life is full of unexpected events—whether...