In a September 2021 survey, 16% of U.S. adults said they had invested in, traded, or used cryptocurrency. This compares with just 1% in a 2015 survey that focused on Bitcoin, the oldest broadly available cryptocurrency.1 Today, there are more than 19,000 crypto assets, including cryptocurrencies, stablecoins, and digital tokens.2 Cryptocurrency — often simply called
Inflation, roller-coaster markets, global events, and life circumstances can test anyone’s fortitude. You may not feel ready to handle these pressure-filled times and might worry about the potential effects on your financial well-being. Fortunately, you can take steps to build the resilience you need to help handle the turbulence and hopefully emerge even stronger. Focus
Young adults have more access to health insurance coverage than ever before.1 However, despite these gains, they also have some of the highest uninsured rates of any age group in the United States.2 Having adequate health insurance is critical, even if you are young and healthy. Without it, getting hurt or sick could result in
A non-fungible token — or NFT — is a unique digital asset verified by blockchain, the underlying record-keeping technology used to authenticate its originality and ownership. Blockchain was initially invented for the exchange of Bitcoin, the first cryptocurrency. The market is growing fast NFTs are credited with helping artists, musicians, and digital media companies to
A pooled income fund is a trust with both charitable and noncharitable beneficiaries. It is established and run by a public charity, not by you. The charity “pools” the irrevocable contributions of many people, invests the money, and then distributes to you (or your designated beneficiary) a periodic income payment (usually quarterly or annually) for
The Inflation Reduction Act, signed into law on August 16, 2022, includes health-care and energy-related provisions, a new corporate alternative minimum tax, and an excise tax on certain corporate stock buybacks. Additional funding is also provided to the IRS. Some significant provisions in the Act are discussed below. Medicare The legislation authorizes the Department of
In an early July poll, 58% of Americans said they thought the U.S. economy was in a recession, up from 53% in June and 48% in May.1 Yet many economic indicators, notably employment, remain strong. The current situation is unusual, and there is little consensus among economists as to whether a recession has begun or
The COVID-19 pandemic kicked off a severe labor shortage — and quite possibly the most worker-friendly job market in many years. Unpredictable demand shifts exposed pre-existing mismatches between the knowledge and skills of available workers and the tasks for which they are needed. The sheer number of available jobs has also been running far above
$452 billion – Total assets in 529 savings plans, as of December 2021, spread over 14.8 million accounts. The average account balance was $25,395. Source: ISS Market Intelligence, 2022 The typical family uses a combination of income, savings, borrowing, and grants/scholarships to pay for college. Not surprisingly, the largest source of funding — 45% —
If you earn money through an app or online digital platform, you may be affected by a tax reporting change that took effect on January 1, 2022. A provision of the 2021 American Rescue Plan requires third-party payment processors to report business transactions totaling over $600 per year by issuing a Form 1099-K to the
