We are quickly approaching the deadline for filing (and paying) our federal and state income taxes, and that means it’s time for an annual post to help put things in perspective. Let's start with some historical perspective: when income tax began in 1913, the maximum marginal income was only 7% on incomes above what would be more than $12 million in today's dollars.
These high school students are helping 5th graders learn about personal finance
April is Financial Literacy Month, and starting with 9th graders in 2024, a half-credit personal finance course is required for high school graduation in Michigan.
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Stop! Before you make a big gamble on the stock market, see how millions of years of evolution affect humans’ ability to make sound financial decisions. A neuroscientist studying monkeys explains why money makes the world go ‘round and, more importantly, why it sometimes makes us do irrational things. Understand the science behind stock market bubbles so you never get trapped on the wrong side of one. This is Your Brain on Money.
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The Secret Science Behind Saving Money for Retirement
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Your brain is biased. Over millions of years of evolution, it’s been programmed to prioritize the present over the future, so when we try to save money, it feels like we’re depriving ourselves of joy. Why save for 10 years from now when there’s so much to do right now? Neuroscientist Alex Korb explains how our brain circuits focused on thinking, habits, and rewards interact to impact our financial decisions. But even though we favor short-term indulgences over our long-term best interests, research suggests it’s possible to undo this harmful pattern with one simple thing: a vivid imagination. Learn more about how you can rewire your brain and change your behavior to live the life you’ve always wanted. This is Your Brain on Money.
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Most work is new work, long-term study of U.S. census data shows
Most U.S. workers are in occupations that have only emerged widely since 1940, according to a large-scale study of 80 years of U.S. census data, led by MIT economist David Autor.
That spare change you donate at checkout is adding up to millions for charities
So-called point-of-sale donations have sharply increased in recent years, bringing in hundreds of millions a year. But the requests to "round up" your bill for charity have really taken off.
6 Months After New York Banned Airbnb, New Jersey Is Doing Great
New York placed strict restrictions on short-term rentals last year. Rents still remain high, and some former hosts are frustrated. Meanwhile, Airbnb rentals in New Jersey are booming.
Student loan repayment can feel a bit overwhelming. Fortunately, we offer different repayment plans that are designed to meet your needs. Whether you prefer ...
Student Loan Debt Statistics [2024]: Average + Total Debt
Find student loan debt statistics, including the national debt balance, average individual balance, and annual growth rates.
The average federal student loan debt balance is $37,088, while the total average balance (including private loan debt) may be as high as $39,981.
Less than 2% of private student loans enter default as of 2021’s fourth financial quarter (2021 Q4).
The average public university student borrows $32,637 to attain a bachelor’s degree.
How to choose the streaming services that are right for you
Costs have gone way up and there are so many options — but we are here to help. NPR TV critic Eric Deggans suggests some streaming strategy best practices and looks carefully at the major providers.