Newlyweds face the important decision of how to manage their bills together. One approach involves a joint account where all income is deposited and bills are paid. Another method involves separate accounts and an agreed-upon division of expenses. A third option combines these approaches, with individual accounts and monthly contributions to a joint billing account. It's crucial for couples to choose a system that suits their needs, ensures timely bill payments, and maintains financial transparency and stability.
Global economic prospects are grim, warns the World Economic Forum's president. High debt levels, inflation, and geopolitical tensions pose threats. Developing nations may benefit from artificial intelligence, but it's crucial to avoid a trade war and excessive debt that could lead to recession.
For tech investors looking for an edge, ARK Invest's chief futurist recommends focusing on five key areas: robotics, AI, multi-omics sequencing, public blockchain, and energy storage. These technologies are entering the market simultaneously, creating a unique opportunity. ARK Venture Fund, which invests in private technology, emphasizes long-term innovation and management team support. Despite a recent dip, the fund has performed well over the past year.
Tesla cars have been restricted in China due to data security concerns. However, after meeting data security requirements, Chinese authorities have lifted the restrictions. Tesla CEO Elon Musk's recent meeting with Chinese officials also sparked hopes for the availability of Tesla's Full Self Driving software in China, though experts believe it's unlikely.
Due to extreme weather and climate disasters from 2018 to 2022, the U.S. incurred over $617 billion in economic losses. These events have a significant financial impact, affecting Americans' housing, insurance premiums, health-care expenses, retirement savings, and career prospects. As temperatures rise, economic costs are projected to increase, making it important to mitigate climate change for both environmental and financial well-being.
The IRS recently launched a free tax filing program called Direct File for certain taxpayers in 12 states. Over 140,000 people used the service, saving an estimated $5.6 million in fees. The IRS is gathering feedback to decide if Direct File will continue or expand in the future. Initially, it was limited to simple tax situations, but could become more comprehensive if it's expanded.
New construction homes are attracting homebuyers amidst the low supply and high prices of the spring housing market. In March, sales of new single-family houses increased, offering incentives and better availability compared to existing homes. Builders are providing rate buy-downs, price cuts, and covering closing costs to entice buyers despite the slightly higher prices of new builds. This is due to builders prioritizing sales over profit margins, making new homes more affordable and accessible for buyers.
With Social Security's trust funds running low, voters in the upcoming November elections will play a crucial role in shaping the program's future. Experts predict benefit cuts may be necessary in the next decade unless Congress takes action. Lawmakers must consider whether to increase taxes, reduce benefits, or explore a bipartisan solution that combines both measures. Without decisive action, voters may face a 20% reduction in Social Security benefits, impacting millions of Americans who rely heavily on the program for income.
Despite aggressive interest rate hikes, inflation remains stubbornly high, exceeding the Federal Reserve's target of 2%. This persistence is due to factors such as excess consumer spending, persistent supply-chain bottlenecks, and a booming job market. As a result, the Fed may be forced to maintain elevated rates or even consider additional hikes, despite the risk of triggering a recession. The economic situation shows some signs of strain, but so far, a broader downturn has been averted.
Miami, despite being highly vulnerable to climate change, is experiencing a surge in population and development. City officials are working on adaptation measures, such as stricter building codes and infrastructure enhancements, but there are concerns about the financial risks for residents. Climate risks include sea-level rise, flooding, property damage, and insurance premium increases. However, many residents remain optimistic and are willing to overlook these risks, citing the city's desirable weather and economic opportunities.
Bitcoin recently surged after a major event that halved its supply, increasing its value. Experts predict further growth due to increased functionality, high fees during the event, and the introduction of Bitcoin ETFs. El Salvador's adoption of Bitcoin as legal tender has also boosted its legitimacy. Despite potential volatility, Bitcoin is expected to reach new price highs due to its strong fundamentals.
This video dispels the myth that expensive courses are necessary for financial success in side hustles. It provides six viable options: video editing, social media management, website creation, Notion template design, lecture note transcription, and thumbnail creation. By utilizing online resources, affordable website builders, and outsourcing tasks when needed, individuals can start earning additional income without breaking the bank.