The economy, a key issue for voters as the November 5 presidential election draws nearer, will have a starring role in the debate tonight between the two candidates, Democratic nominee Kamala Harris and her Republican rival, former President Donald Trump. About 8 in 10 adults tell CBS News that the economy is a major factor in their choice at the …
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September, 2024
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10 September
American household incomes rebounded ahead of election year, hitting pre-pandemic levels
American household incomes rebounded ahead of the election year, with the typical family locking in a 4% bump in earnings in 2023, according to new U.S. Census data. It’s the first time since 2019 that households have enjoyed a significant earnings increase, the agency said. Median household income jumped to $80,610 in 2023, roughly on par with Americans’ 2019 earnings …
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10 September
Bank of America raises its U.S. minimum wage to $24 an hour
Bank of America is closing in on its objective of paying its U.S. workers a minimum of $25 an hour by 2025, increasing its base wage to within a buck of that goal starting in October. The step represents an increase from a $23 hourly rate set last September, the Charlotte, North Carolina-based bank said Tuesday. The $1 hourly boost, …
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10 September
Two-thirds of American millionaires dont consider themselves wealthy, survey says
A million bucks isn’t what it used to be. Just ask American millionaires, a number of whom say they don’t even consider themselves wealthy. To be sure, how far $1 million takes you can depend on a number of factors, including where you live and whether or not you support dependents. But the rest, apparently, is subjective. Only one-third of …
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10 September
How much home equity does the average homeowner have now?
After years of persistent inflation, the inflation rate has been dropping over the last few months — and the job market has taken a downward turn, too. Those changes have had a positive impact on the wider rate environment, but it may still be tough to find an affordable borrowing option right now. After all, the Federal Reserve’s benchmark rate …
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10 September
HELOCs vs. home equity loans: What to consider before rate cuts
Something that hasn’t been done since March 2020 will likely occur next week. The Federal Reserve will issue a cut to its benchmark interest rate, which has been stuck at a range between 5.25% and 5.50% for more than a year. That’s the highest rates have been in more than two decades and borrowers who have applied for mortgages, personal …
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10 September
4 ways to get a lower credit card interest rate this fall
Credit card interest rates have been on a steady climb over the past few years, with the average credit card rate now sitting at 22.76%, marking a record high. This upward trend can be attributed to various factors, including the Federal Reserve’s aggressive interest rate hikes aimed at combating inflation, as well as credit card companies’ efforts to offset potential …
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10 September
Investing in gold stocks could pay off this fall. Heres why.
Gold has proven to be a smart investment overall this year, with the price of the precious metal rising steadily since the start of 2024. Not only has gold’s price hit several price milestones so far this year, but it has also demonstrated significant growth in value. For example, on January 1, gold was priced at $2,063.73 per ounce. Today, …
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10 September
Do Trump and Harris have climate change plans? See where both candidates stand
As Election Day 2024 approaches, neither former President Donald Trump nor Vice President Kamala Harris have released their plans to address climate change or energy policy. Their campaign speeches, party platforms and track records in office provide some guidance for voters on what they might expect from a Harris or Trump administration. The public record shows the two hold widely …
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10 September
Republicans who have endorsed Kamala Harris and spoken out against Trump
Washington — Vice President Kamala Harris is heading into the presidential debate with former President Donald Trump on Tuesday locked in a tight race with her GOP opponent, but is continuing to see a growing number of Republicans endorse her ahead of the 2024 election. Harris and Trump are poised to go head-to-head in Philadelphia in their first and maybe …
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