Two recently released economic reports paint a nuanced picture of the U.S. economy.
The government said that U.S. gross domestic product (GDP) increased at a 2.9% annualized pace in the fourth quarter of 2022, capping a year when growth was up by just 1% (as measured from the fourth quarter a year earlier), down substantially from the 5.7% ...Read more
Tax season is officially open and to prepare, the IRS has a warning: DO NOT expect refunds to be quite so generous this year.
The average tax refund for the 2022 filing season (through the end of October) was $3,176 — a 13.8% jump from the prior year average refund of $2,791 and a sizable increase from the pre-pandemic year of 2019, which was...Read more
As we settle into 2023, economists and analysts are still trying to answer last year’s two-part question: Is the economy still too strong – and is inflation too high, which means that the Fed will have to keep interest rates higher for longer?
The answer may help determine whether or not the economy slows substantially, prompting the U.S. ...Read more
Amid the scary, early days of the pandemic, I decided to increase the frequency of my Jill on Money podcast from a bi-weekly to a daily show.
The new schedule was a response to the thousands of emails pouring in, as people were anxious, confused and needed help making sense of their financial choices in a highly uncertain time.
Those early ...Read more
2022 was a year of transition, as we tried to resume our pre-pandemic lives while also contending with a four-decade high in inflation. Despite the past grueling three-years, one area that seemed particularly consistent was our desire to get back on track with our money.
Fidelity’s 2023 New Year’s Financial Resolutions Study found that two-...Read more
It feels like each of the past three years have ended with an exhale — and a “thank goodness it’s over.” It would be a shame to close out the dumpster fire of a year, without learning some important lessons.
Remember in March of 2021, when Federal Reserve Chair Jerome Powell said that pandemic supply chain bottlenecks were the cause of ...Read more
Last week, I highlighted the best interviews that I conducted with creators in 2022 (Dan Pink, Annie Duke, Spencer Jakab and Abigail Disney).
This week I am highlighting the wonks, who broke through the chatter and helped explain economic and market trends occurring in real time.
As the economy reopened after the worst of the pandemic, ...Read more
EDITORS: The Jill On Money column for the week of Dec. 19 is moving early for the holidays. It has been posted today.
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A big benefit of my job is that I am able to interview a variety of different people about the topics that are most interesting to them.
These authors, journalists, and filmmakers take what may seem mundane or complicated and bring it to life through engaging storytelling. Each year, I highlight those interviews that stuck with me throughout ...Read more
Consumers, businesses, and investors are looking forward to putting 2022 in the rear-view mirror, as soaring prices, rising interest rates and dreadful financial markets have wreaked havoc on pocketbooks.
While you may not be able to control any of those big issues, this is the time of year where I encourage you to be proactive, especially in ...Read more
With holiday and end of year charitable giving season upon us, here’s a rundown of information you will need.
The CARES Act permitted taxpayers who claim the standard deduction to get a deduction on their 2020 and 2021 returns for cash contributions of $300 they made to qualifying charitable organizations. It also allowed for a larger ...Read more
The Biden administration’s plan to cancel billions of dollars of student loans is in jeopardy, due to a series of legal challenges. That means more than 40 million Americans who expected student debt relief could start getting billed again in January, when a pandemic-era moratorium is set to expire. Here is a Q&A to help those in limbo create ...Read more
It has been almost a year since the NASDAQ Composite and the NASDAQ 100 indexes hit all-time highs. Since then, a lot has changed.
To start, the Federal Reserve got busy raising interest rates, which tends to hurt the earnings of growth companies, like those in the technology sector. Rate hikes might have been manageable but compounding the ...Read more