businessinsider.com
While inflation has cooled since its peak in June 2022, one place where American wallets are still being hit hard is at the grocery store.The US Department of Agriculture tracks the prices of foods at the grocery store, and each month, it recommends food plans at various cost levels, depending on if you want a “thrifty,” “low,” “moderate,” or “liberal” plan.It also creates a strategy specifically for residents of Alaska and Hawai’i, as prices in those states tend to be outliers.As of March 2024,…
4 days ago
businessinsider.com
The billionaire entrepreneur Mark Cuban isn’t running for president this year, but he is worried that Americans will put too much emphasis on the economy when choosing between President Joe Biden and former President Donald Trump.When asked what he wished more people understood about the economy, especially during an election year, he wrote in an email, “how little impact any president has.”“It’s the 330 million of us that move the economy, not one person,” he wrote.Americans view the economy’s…
7 days ago
businessinsider.com
The popularity of women’s college basketball is soaring, but there is still a huge gap in how much money the teams make compared to the men.The final four men’s teams still competing to win the NCAA Division I tournament averaged $19.3 million in annual revenue in 2022, nearly four times as much as the four women’s teams, which averaged $5.2 million, according to data from US Department of Education. Data from fiscal year 2022 was the most recent year available.Major sources of income include co…
11 days ago
businessinsider.com
A new grocery shopping method has gone viral on TikTok for promising to make the chore easier, faster, and cheaper.The “6-to-1” shopping trick was created by chef and media personality Will Coleman with a fairly straightforward set of rules: When grocery shopping each week, pick six veggies, five fruits, four proteins, three starches, two sauces or spreads, and one fun food.Coleman explained that the method forces you to meal plan and stick to a list, which makes shopping faster and steers you a…
25 days ago
businessinsider.com
Housing affordability is a problem in the US, and helping with those costs could be the carrot companies need to get employees back to the office.In a survey of 1,020 employers and workers about office perks, performed by the bonding and insurance company JW Surety Bonds and published in January, 47% of respondents said they would be willing to return to the office in exchange for housing benefits. Additionally, 69% said they would be willing to change their job or career for employer-based hous…
28 days ago
businessinsider.com
Soaring interest rates and home prices have made homeownership unattainable for many Americans. While they wait for those figures to come down, a solution to the problem could be found in the Netherlands.The Dutch offer home mortgages with evolving interest rates that can automatically decrease over time. The thinking is that as the loan gets older and the ratio of the amount owed to the home’s value improves — through paying off the loan or any increase in the property’s value — the risk associ…
about 1 month ago
businessinsider.com
For those planning to buy a new car, budgeting for more than just the sticker price is getting more important as those costs rise.Total ownership costs have surged in recent years, even as new car prices have stabilized. A new car driven 15,000 miles a year will have additional costs of $7,612 annually, on average, not including depreciation, according to AAA’s annual “your driving costs” report. That’s nearly doubled the figure from a decade earlier, which was $4,191.According to data from Edmu…
about 1 month ago
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Americans are in the midst of a credit card crisis, and nobody is being hit harder than millennials and Gen Zers.Since the Federal Reserve Bank started raising interest rates in 2022 to fight inflation, the credit card debt for millennials and Gen Z has increased at a higher rate than other generations, according to data published by Intuit Credit Karma on March 1. The study examined the anonymized credit scores of 41 million customers and anonymized credit card balances for about 80 million peo…
about 1 month ago
businessinsider.com
Our experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our partners; however, our opinions are our own. Terms apply to offers listed on this page.The Biden administration set a new limit on credit card late fees, and it could be worth billions to Americans, especially those in lower income brackets.On March 5, the Consumer Financial Protection Bureau finalized a new rule to limit all credit card lat…
about 1 month ago
businessinsider.com
There are growing concerns that the Federal Reserve Bank will not lower interest rates this year and one of the biggest factors could be how much Americans are paying for rent.In early February, Fed Chairman Jerome Powell stood by the bank’s earlier forecast of three interest rate cuts in 2024. But rent, one of the biggest costs for Americans, still soared in 2023 and that factor could force the Fed to keep rates higher for longer than expected.John Rekenthaler, the vice president for research a…
about 1 month ago
businessinsider.com
Just when some people thought the Austin, Texas, housing market was going to crash, it’s starting to heat up again.It could be a sign of relief for homeowners across the US — but bad news for hopeful buyers.This sudden surge in Austin housing sales is a bit surprising. Not only were some experts predicting the downfall of the city’s housing market just a few months ago, but interest rates have been back on the rise in 2024, reaching their highest level since December. However, Austin isn’t the o…
about 2 months ago
businessinsider.com
Our experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our partners; however, our opinions are our own. Terms apply to offers listed on this page.While the US economy is improving, many Americans are still struggling with high home prices and growing debt. However, residents in Arizona’s largest cities are doing much better than the rest of the country.A February study from WalletHub, a personal fin…
about 2 months ago
businessinsider.com
The cost of attending a large university goes beyond tuition and other expenses, like a place to live, can vary wildly from city to city.According to data assembled by the US Department of Education, the average cost to attend the 10 largest universities in the US is just over $17,000 a year, ranging from $6,200 to just under $29,000.The large schools in this set come from several regions of the country, but four of the 10 are located in the southeast. What’s more, Florida is home to two.The US…
about 2 months ago
businessinsider.com
There are several reasons to think the US economy is thriving, yet many Americans still feel it is much worse than the reality.Until recently, my family of four felt bad about the economy despite the good signals. Then we sat down, got better control of our budget, and realized how much our household economy had changed in 15 years. Specifically, what felt like an endless supply of monthly app subscriptions that didn’t exist in the 2000s.We had everything from a food delivery app to a habit trac…
about 2 months ago
businessinsider.com
Consumer spending helped keep the US economy afloat in 2023, but some cracks could be starting to show.Credit card debt is now at record levels, and interest rates on those cards have soared. The result is that delinquent balances on debts, in general, and credit cards, specifically, are skyrocketing, and a rising number of Americans are now trying to find a way out as the US faces a credit card crisis.According to data provided to Business Insider by Money Management International (MMI), a nonp…
about 2 months ago
businessinsider.com
It is no secret that big-time college football teams make a lot of money for their schools. Some of the excess is being pumped into the facilities — and they’re starting to look more like luxury resorts.Of the 1,062 colleges and universities that field varsity athletic teams under the banner of the NCAA, only 396 — fewer than half — made at least $10 million off their sports teams in 2022, the most recent year with available data from the Department of Education. Only 56 — about 5% — made at lea…
about 2 months ago
businessinsider.com
Tiger Woods is set to return to the PGA Tour on Thursday for this week’s Genesis Open in Los Angeles but without his iconic Nike swoosh logo.On Tuesday, Tiger Woods and TaylorMade, a maker of golf equipment and apparel, announced an expanded partnership with a new golf-accessory line named “Sun Day Red.“Nike had been Woods’ main sponsorship partner since he turned pro in 1996. Forbes reported that his relationship with Nike was worth about $500 million, helping Woods to become one of the first b…
2 months ago
businessinsider.com
Taylor Swift was a big part of the storyline leading up to Super Bowl LVIII in Las Vegas, her 13th NFL game since she and Kansas City Chiefs tight end Travis Kelce made their relationship public in September.Sports-gambling websites even accepted bets on how often CBS would show Swift during the broadcast.By the end of the game, Swift had appeared onscreen for 53 seconds, according to the Houston Chronicle. That airtime was worth about $12.4 million based on the cost to run a 30-second commercia…
2 months ago
businessinsider.com
The Kansas City Chiefs and San Francisco 49ers will face off Sunday in Super Bowl LVIII in Las Vegas.Both teams have been preparing for this shot at the championship all season. However, even before that, both teams handed out enormous contracts to their top players and head coaches, aiming to build rosters that could contend for a Super Bowl.While the Chiefs have the most expensive player in the big game, with quarterback Patrick Mahomes making $45 million annually, the 49ers have the next thre…
2 months ago
businessinsider.com
Puerto Rico has a lot to offer visitors and residents, with its beautiful beaches, forests filled with abundant wildlife, a generally laid-back lifestyle, and even a major city in San Juan that is often compared to Miami.And for some who want to move to the island full-time, it can come with some pretty sweet tax breaks.For most Americans, moving to Puerto Rico is easy. As a US territory, if you are a US citizen, the door is open for you to live there, as it would be in any American state.Howeve…
2 months ago
businessinsider.com
Puerto Rico is becoming an increasingly popular destination for Americans looking to relocate for tax purposes.While the island boasts promises of adventure and financial incentives designed to attract investors and entrepreneurs, the move comes with challenges. Newcomers to Puerto Rico told Business Insider they’ve had difficulty navigating the complexities of healthcare, education, and even buying goods like furniture.“I don’t sugarcoat it; it’s not for everyone,” said Ricky Santana, founder a…
2 months ago
