MOSCOW (Sputnik) - Rising prices cause financial hardship for 55% of US citizens, while 13% say higher prices are causing a severe hardship for their family. 06.12.2022, Sputnik International
Apr 25, 2021
Kent Patrick
Financial literacy:Â Too many people just donât have it, but your financial advisor can help.
April is National Financial Literacy Month â an entire month dedicated to underscoring the importance of learning, establishing and maintaining healthy financial habits.
But ask yourself this: what have you learned about anything financial lately? Do most of your neighbors keep a household budget or save for retirement? Does your cousin live hand-to-mouth? Do you understand compound interest? Or know what the Dow Jones Industrial Average is? Is gold worth its own weight?
Sadly, it is likely that you did not know that money habits of the average American reveal that:
blah. they re not just dismissing this out of hand. but patty murray who is the senate budget committee chairman, she issued a statement where she said she was disappointed that it doesn t take any steps to reduce the deficit by raising taxes on upper income americans and senator schumer who is from new york which is one of the highest state taxes in the country took issue with the fact that it eliminates the ability of state and local taxation which is a big thing in california, new york and other high tax states. so they re picking it apart in a way that suggests they re not interested in engaging on it or using it as a starting point. i would like to see them do it just to see where they get. i don t think it would happen, but i think it would be fascinating and it s a real opportunity that sthey shouldn write-off. and on the democrat being
reform in a way where you can deal with the rates but you can also generate revenue to reduce the deficit by closing a lot of these tax loopholes. as opposed to the ryan republican approach where they plan to drop the top rate from 39% all the way to 25%, they claim they are beginning to do that in a revenue neutral manner but we know from the last presidential campaign, when mitt romney proposed a much more modest tax reform plan, that you can t do that without actually increasing the tax burden on middle income americans. budget on the democratic side, back to that. the argument will be that you guys already got taxes and that now you re trying to humiliate the republicans. i mean, at some point you know? also it s a trillion dollars of new taxes. you know that kate hagan aren t able to support that and go back to north carolina next year and win. here is the thing. is that not the political