Income tax is certain, but do you know the facts? Learn the basics of federal individual income tax and the new changes from the 2017 Tax Cuts and Jobs Act in the December 2018 issue of Page One Economics®: Focus on Finance.
Years ago, airline passengers enjoyed more legroom and in-flight extras—for a price. Find out in the November 2018 issue of Page One Economics® how deregulation increased competition, lowered prices, and created crowded flights.
If your savings, grants, and scholarships aren’t quite enough to cover the cost of education after high school, don’t overlook student loans. These loans may help you gain the education you need to make the big bucks.
GDP is a useful measure of the health of the economy, and it’s among the most important and widely reported economic data. However, the current “textbook treatment” of how international trade is measured as part of GDP can lead people to misunderstand the role trade plays in the economy. This September 2018 issue of Page One Economics© intends to correct misconceptions and provide clear instruction on how imports affect GDP.
May—the month of graduations, the unofficial start of summer vacation, and tornadoes. You don’t live in an area threatened by twisters? Then perhaps to you May means the beginning of wildfire season. Or maybe you are more concerned about hurricane season, which begins on June 1.
Not overspending can help life go more smoothly. Still, many people find themselves in financial trouble. In fact, there were approximately 800,000 bankruptcies filed in 2017. Hopefully you will never find yourself unable to pay your debts, but it is good to know there are options available should you need serious financial help.
Everyone wants financial success, but how can it be achieved? A first step in attaining this goal is making a budget. This means creating a plan that ensures an effective way to balance income, spending, and saving during a given time.
Bitcoin has become a cultural and financial phenomenon. While many people have heard of Bitcoin, far fewer understand it. In short, Bitcoin is a digital currency, or "cryptocurrency," that allows person-to-person transactions independent of the banking system.
Graduation—from high school, vocational or technical school, or college—is an important milestone. Just as Ezra Koenig once expressed, it marks a life transition. You have to take care of things you likely never thought about before. Obviously, having an income is a priority for most people, followed closely by a home of their own.
"Robot Apocalypse" is a modern expression that refers to a fear of technological advance, but the anxiety goes back centuries. In 1589, Queen Elizabeth refused to grant the inventor of a mechanical knitting machine a patent for fear of putting manual knitters out of work.
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