Despite rising wages, 61% of Americans are still living paycheck to paycheck, report finds

KEY POINTS Wages are rising but it’s not enough to keep up with the increased cost of living. Nearly two-thirds of Americans are still living paycheck to paycheck, according to one recent report. The economy is recovering but workers are still having a hard time making ends meet. While real wages are on the rise,… Read More »Despite rising wages, 61% of Americans are still living paycheck to paycheck, report finds

Pricing pressures continue as labor, supplies remain scarce

Prices appear likely to continue rising in a pandemic-altered environment that continues to see high inflation in many countries, according to Tim Mahedy, a senior economist and senior director at KPMG. The pandemic has led to extremely high inflation in some countries. The 7.5% year-over-year increase in the consumer price index reported for January in… Read More »Pricing pressures continue as labor, supplies remain scarce

Fed officials floated faster rate hikes in January meeting

Federal Reserve officials said last month the bank may need to raise interest rates and reduce its bond holdings faster than they currently anticipate if inflation continues to rise above their target, according to minutes of the meeting released on Wednesday. Members of the Federal Open Market Committee (FOMC), which sets Fed monetary policy, discussed… Read More »Fed officials floated faster rate hikes in January meeting

How to Recover From Burnout as an Entrepreneur

If you’ve been feeling depleted while running your business, you could be dealing with more than just a rough patch. Burnout, which the World Health Organization officially recognized in its 2019 International Classification of Diseases, is a syndrome that results from chronic workplace stress and requires its own unique attention and treatment. Unlike other mental health… Read More »How to Recover From Burnout as an Entrepreneur

Wholesale prices rise 1% in January, up near-record 9.7% over the past year

KEY POINTS The producer price index, which measures wholesale prices, rose 1% in January and 9.7% for the 12-month period, the latter just off the record high. Core PPI rose 0.9%. Both increases were at least double the Wall Street estimates. Manufacturing in the New York region increased modestly in February but was below expectations.… Read More »Wholesale prices rise 1% in January, up near-record 9.7% over the past year

IRS backlog hits nearly 24 million returns, further imperiling the 2022 tax filing season

Nearly 24 million taxpayers are still waiting for the Internal Revenue Service to process their tax returns from last year — a number far larger than previously reported by the agency — with many refunds being held up for 10 months or more. The inventory of unprocessed returns and related correspondence was provided by the… Read More »IRS backlog hits nearly 24 million returns, further imperiling the 2022 tax filing season