Tariffs, particularly in an economy that shows signs of vulnerability, are a double-edged sword. While they are often touted as a means of protecting domestic industries, the reality for consumers is more complex and unsettling. Recent surveys reveal that an overwhelming 85% of Americans are apprehensive about these trade policies impacting their purchasing power. This
Personal
As the U.S. economy grapples with turbulence, President Donald Trump’s push for a tariff-heavy economic policy raises eyebrows and interesting questions. Trump has boldly suggested that revenue from tariffs could eventually replace the necessary federal income tax, a claim made during a recent Fox interview. The audacity of such a proposition may seem appealing to
In a world increasingly defined by data collection and surveillance, the ruling by U.S. District Judge Ellen Lipton Hollander serves as a beacon of judicial prudence. The recent injunction placed against the Department of Government Efficiency (DOGE) highlights an essential regulatory barrier that protects citizens from intrusive government data operations. Blocking access to sensitive personal
The turmoil in the stock market has sent shockwaves through the American economy, leaving many individuals in a state of heightened anxiety about their financial futures. This is especially true for those at the precipice of retirement, who are often faced with the daunting task of transitioning from accumulation to distribution of their assets. With
As consumers grapple with the constant pinch of rising prices, a darker cloud looms on the horizon: stagflation. This term refers to the dismal combination of stagnant economic growth, soaring inflation, and high unemployment—a scenario that many economists are warning could soon confront the United States. Brett House, an esteemed economics professor at Columbia Business
As the 2025 tax season approaches, the viability of the IRS’s free filing initiative, Direct File, hangs by a thread. Funded by the Inflation Reduction Act of 2022, this program was a beacon of hope for many taxpayers, seeking to alleviate the financial burden of tax preparation. Yet, relentless funding cuts and scrutiny from the
As the cost of higher education soars—a staggering 5.6% annual increase since 1983—students and their families are left in a precarious position where the traditional college degree is increasingly viewed as a high-stakes gamble. While it’s widely accepted that a college education offers long-term financial benefits, a recent study conducted by the Federal Reserve Bank
In an era marked by escalating trade tensions, tariffs on imported goods are revealing themselves as a double-edged sword, particularly within the apparel sector. Many consumers consider clothing and shoes staples, but recent policy changes may drastically affect their affordability. A report from the Yale University Budget Lab projects staggering price hikes, with apparel potentially
Gold, often dubbed a ‘safe-haven asset,’ has seen its appeal surge amidst rising political tensions and shaky economic forecasts. With prices climbing past $3,000 this year—a staggering increase of over 20%—investors are flocking to gold like moths to a flame. The escalating trade war between the United States and China and an uncertain U.S. economic
As the cost of education continues to soar, institutions across the nation are scrambling to implement reforms aimed at reducing financial barriers for students. Among the boldest of these initiatives is the move made by New York University’s Grossman School of Medicine in 2018, becoming the first top-tier medical program to offer full-tuition scholarships to
As the tax deadline draws near, many Americans scramble to get their financials in order, feeling the pressure from looming deadlines. The IRS has made it abundantly clear: submission on time is not just a recommendation but a necessity. Failing to file taxes on or before April 15 can lead to severe penalties, which most