I was playing one of my morning online word puzzles when up popped a little blurb from a senior citizen advocacy group announcing that the Supplemental Security Income program has recently turned 50 years old. I’m sure most people who see a reference to SSI would say something like “Supplemental Security what?” And that’s because…
San Francisco to Give $1,200 a Month to Low-Income Transgender Residents
November 17, 2022
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Business & Marketseconomic policieseconomyinflationLocal NewsNorthern Californiapersonal financeRegional-Local NewsSan FranciscoSocial IssuestransgenderUSUS News
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San Francisco has launched a new pilot program offering guaranteed monthly income to a number of low-income transgender residents of the city, Mayor London Breed announced on Wednesday. Known as the Guaranteed Income for Transgender People (G.I.F.T.) program, the new plan will provide “economically marginalized transgender people with unrestricted, monthly guaranteed income as a way to combat poverty…
Closing Prices for Crude Oil, Gold and Other Commodities (Nov. 16)
November 16, 2022
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Benchmark U.S. crude oilBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for December delivery fell $1.33 to $85.59 a barrel Wednesday. Brent crude for January delivery fell $1 to $92.86 a barrel. Wholesale gasoline for December delivery fell 1 cent to $2.51 a gallon. December heating oil fell 3 cents to $3.61 a gallon. December natural gas rose 17 cents to $6.20…
The 10 Best and 10 Worst States for Retirees: A Comprehensive Guide
Many people are more mobile and moving today thanks to the benefits of technology and working remotely. People nearing retirement age are also looking for new places to call home. A recent study by Blacktower Financial Management Group analyzed the best and worst states for retirees. This article will break down these states one by…
Target Reports Profit Plunge, Due to Warning Signs of Weak Holiday Sales
November 16, 2022
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Business & MarketsCompaniesEarnings Reporteconomyholiday salesinflationpersonal financerecessionTargetUS
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Target’s latest earnings report revealed a massive plunge in profits, as the retailer warned of weak holiday sales. The retail chain reported on Nov. 16, that profits declined 49.3 percent in its fiscal third quarter, after struggling with unwanted inventory and fears of slow sales into the holidays. Consumer spending has lately begun to slow due to rising…
It’s Not Too Late Too Boost Your Retirement Savings, Reduce Taxes
By Kelley R. Taylor From Kiplinger’s Personal Finance Maxing out your retirement plan contributions can be an effective way to boost savings for retirement and potentially reduce your taxes. With the end of the year fast approaching, along with the 401(k) contribution deadline, here are some reminders to help you take advantage of tax breaks…
How Does Tax-Loss Harvesting Work—and Is It for You?
November 16, 2022
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Brightcapital gains taxinvestingInvestmentpersonal financestockstaxtax loss harvestingwash saleWealth Management
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If you have a portfolio and have sold any stocks at a profit this year, you might be looking for a way to offset the capital gains tax. That’s where tax-loss harvesting comes into play. It’s a way of selling investments that helps you lessen the capital gains tax blow. But what is tax-loss harvesting,…
UK Insurers Want Right to Collect Accident Data Before They Agree to Provide Cover for Driverless Cars
November 16, 2022
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autonomous vehiclesBusiness & Marketscar insuranceCompaniesDriverless Carseconomic policiesHouse of Commonspersonal financeUKWorld
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A committee of MPs, which has been hearing evidence from experts on autonomous vehicles, has been told by a senior figure in the insurance industry they would need to be given the right to collect “collision data” from driverless cars before they were prepared to insure them on Britain’s roads. The committee was also told…
Inflation and Economic Woes Lead 54 Percent of Gen Z Americans to Live With Their Parents
Generation Z, the youngest generation of American adults, are struggling in an era of high inflation and expensive housing, with more than half of them living with their parents in an uncertain economic environment. At least 54 percent of adults aged 18–25 are opting to live with their parents out of economic necessity, according to…
30,000 Australian Crypto Investors Impacted by FTX’s Collapse
Thousands of Australian crypto investors have found themselves in a precarious situation and now face the risk of losing their entire investments following the collapse of the popular crypto exchange FTX. According to the Australian Financial Review, close to 30,000 Australian investors are now looking to recover part of their losses after the crypto trading…
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