A reader named Chris just let me know that the U.S. Treasury has modified the “use-it-or-lose-it” rule relating to FSAs. In the past, when you had unspent funds left in your Flexible Spending Account at the end of the year, you lost them to your employer. Yes, your employer already […]
Economic News & Views
Harry Truman once said “It’s a recession when your neighbor loses his job; it’s a depression when you lose your own.”
If you’re wondering what’s happening with either the U.S. or world economy then you’ve come to the right place.
Topics of interest include economic growth and productivity, fiscal policy, the Federal Reserve, inflation, deflation, labor statistics (employment and unemployment), the national debt, and more.
As I write this, we’re less than two hours from a federal government shutdown. By the time you read this, it may have happened (probably) or it may have been averted (unlikely). Or maybe it will have happened and then been resolved. While I consider the most current controversy to […]
The FINRA Investor Education Foundation recently released some troubling poll results about the “financial capability” of members of the American public. A key aspect of their poll, which was conducted in 2012 and followed a similar survey in 2009, was a five question quiz covering everyday aspects of finance and […]
As a quick followup to my earlier post on the impact of the internet sales tax, I wanted to share with you the list of states that do not (currently) collect sales and use taxes. As of this writing, there are five such states, including: Alaska, Delaware, Montana, New Hampshire, […]
I mentioned the internet sales tax debate in passing about six weeks ago. At the time, the Senate was talking about giving states more power to collect sales taxes. Ultimately, they wound up voting on a non-binding measure in support of doing just that. And it passed easily, with bi-partisan […]
It’s no secret that I’m a big fan of Series I Savings Bonds. Each year, my wife and I each max out our annual I-Bond limits. Not only that, but we jump through hoops to get even more with our tax refund. It should thus come as no surprise that […]