Category: income

Exposing the Myth of American Income Inequality

The Epoch Time will livestream a revealing talk at 5:00 pm on Oct. 20, 2022,between former Texas Senator,  economist Dr. Phil Gramm and  Steve Moore of  Heritage Foundation about the myth of income inequality in America. the talk is held by Heritage Foundation. * Click the “Save” button below the video to access it later…


Heritage Foundation: Exposing the Myth of American Income Inequality

The Epoch Times will livestream a revealing talk at 5:00 p.m. on Oct. 20, between former Texas senator and economist Dr. Phil Gramm and Steve Moore of the Heritage Foundation about the myth of income inequality in America, hosted by the Heritage Foundation. Video credit: The Heritage Foundation * Click the “Save” button below the…


Retirement: How Retirees Can Tap Their Home for Income

By Sandra Block From Kiplinger’s Personal Finance Retirees needing income might look no further than their home. A sharp rise in home values, combined with a shortage of single-family homes, has driven up home prices around the country, leaving senior homeowners with more than $11 trillion in home equity. If you’re planning to downsize, you…


Will You Be in a New Tax Bracket Next Year?

No one likes paying taxes, but they are part of life. Getting your annual taxes as low as you can is something everyone wants, but this next tax year may mean paying more taxes for some. The Internal Revenue Service (IRS) will make a tax bracket-adjustment soon—and it probably will put some people into a…


Americans Have Lost $4,200 in Annual Income Under Biden Administration: Report

Americans have lost over $4,000 in annual income since President Joe Biden took office owing to soaring inflation and higher interest rates, according to data compiled by The Heritage Foundation and released on Sept. 22. In total, Americans have lost the equivalent of $4,200 in annual income under the Biden administration, according to the Washington, D.C.-based think tank. The…


A Yale Professor Takes a Look at Popular Financial Tips

Personal finance is a popular topic, as managing, investing, and budgeting money is an imperative part of life. However, just how you should do that depends entirely on who you ask. And there is certainly no shortage of experts, talking heads, and influencers ready to give their opinion. There is a large rift between financial advice given…


Soaring Inflation Gave Americans a Wage Cut for Seventeenth Month in a Row in August

Rising prices are eating into the earnings of Americans, with inflation outpacing wages for the seventeenth month in a row in August during the Biden administration. The 12-month Consumer Price index (CPI), which measures inflation over a one-year period, came in at 8.3 percent in August, according to data from the U.S. Bureau of Labor…


You Need an Income of Over $220K to Buy a Home in Toronto, Vancouver, New Data Shows

You’ll need to be making more than $220,000 to buy a home in Toronto and Vancouver with a 20 percent down payment, according to new data from Ratehub.ca. While home prices have been going down in cities like Toronto, Vancouver, Winnipeg, Ottawa and Hamilton, the income required to purchase a home in these markets still…


5 Streams of Income That Will Grow Your Wealth

By Feras Moussa Studying millionaires is quite fascinating, because more often than not, they are regular, ordinary people with remarkable discipline and focus. Very wealthy individuals get that way by working differently (not necessarily harder or smarter) than the rest of the world. One fascinating insight into millionaires is that they typically have multiple streams of…


5 Passive Wealth-Building Strategies to Add 3 Days to Your Weekend

Many people associate work with punching the clock, the 9-to-5 slog, and saving for retirement. The trouble is, an hourly rate alone will never make you wealthy and drains your most precious resource: time. Fortunately, you have alternative strategies. Unfortunately, you’ve probably never heard about them, as they’re usually reserved for the super-rich. Multimillionaire entrepreneur, angel investor…