Financial planning

Americans are suffering from 'recession fatigue', report says

Americans are suffering from ‘recession fatigue’, report says

A recession is a very real possibility. As the Federal Reserve aggressively raises rates to fight persistent inflation, this tough stance may come at a price. Already, plunging stock markets have wiped out more than $9 trillion in US household wealth. Fed Chairman Jerome Powell also warned that the central bank’s upcoming moves to tackle …

Americans are suffering from ‘recession fatigue’, report says Read More »

Americans are suffering from 'recession fatigue', report says

Americans are suffering from ‘recession fatigue’, report says

A recession is a very real possibility. As the Federal Reserve aggressively raises rates to fight persistent inflation, this tough stance may come at a price. Already, plunging stock markets have wiped out more than $9 trillion in US household wealth. Fed Chairman Jerome Powell also warned that the central bank’s upcoming moves to tackle …

Americans are suffering from ‘recession fatigue’, report says Read More »

Here's how persistently high inflation could affect your tax bracket next year

Here’s how persistently high inflation could affect your tax bracket next year

Jamie Grill | Getty Images As Americans grapple with soaring prices, experts say it’s likely we’ll see higher-than-usual inflation adjustments from the IRS for 2023 – covering tax brackets, 401(k) plan contribution limits and more. Embedded in the tax code, these annual IRS changes aim to prevent what’s known as “bracket creep,” when inflation drives …

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