Personal Finance – Page 2 – MinuNik Investment

Venmo, PayPal and Cash App To Report Payments of $600 or More To IRS This Year

Millions of small business owners who rely on payment apps like Venmo, PayPal and Cash App could be subject to a new tax law that just took effect in January. Fox Business... Read more »

Average Person Worries About Money 6 Times A Day

Budgets are tighter for millions of people with 2022 in full swing. Being money-conscious is nothing new for many of us, but new research shows the average American worries about their finances six... Read more »

More Than Half of Shoppers Are Going Into Debt This Holiday Season

As shoppers spread out their holiday purchases amid ongoing concerns about Covid, more consumers are tapping so-called buy now, pay later services. As many as 56% of shoppers have made a purchase... Read more »

How to Financially Prepare to Quit Your Job

Millions of Americans are leaving their jobs these days — and they don’t always have another one lined up. Whether it’s due to burnout, a desire for more flexibility or better pay, or the pursuit of an... Read more »

Americans Have Never Been In So Much Debt

American households are carrying record amounts of debt as home and auto prices surge, Covid infections continue to fall and people get out their credit cards again. CNN Business reports: Between July and... Read more »

Mortgage Payments Haven’t Been This Unaffordable Since 2008

Record growth in home prices has made owning a home less affordable than at any point since the financial crisis. The median American household would need 32.1% of its income to cover... Read more »

401(k) Balances Hit a New All-Time High

Retirement account balances are at new highs, according to Fidelity Investments. Thanks to the market’s recent run-up and increased savings, the number of 401(k) and IRA millionaires also hit all-time records in... Read more »

The top 1% of Americans have about 16 times more wealth than the bottom 50%

The wealthiest 1% of Americans controlled about $41.52 trillion in the first quarter, according to Federal Reserve data released Monday. Yet the bottom 50% of Americans only controlled about $2.62 trillion collectively, which... Read more »

Number of 401(k) and IRA Millionaires Hits Record

The number of 401(k) and IRA millionaires also hit an all-time record in the first quarter of 2021, according to Fidelity. CNBC reports: Retirement account balances, which took a sharp nosedive almost... Read more »

In One Year a Billion Tons of Food Got Wasted

There is something that the average person can do to slow down climate change, and it can be accomplished without leaving the house. Don’t waste food. Bloomberg reports: Some 931 million tons of... Read more »