Page 22 - Hillary Hoffower News Today

Noam Galai/Getty Images New York City millionaires will soon be subject to the countrys highest tax rate, The NYT reported. Cuomo finalized a budget Tuesday that would see New Yorkers pay 13.5% to 14.8% in local and state taxes. If Biden raises the top federal income tax rate to 39%, more than half of NYC top earners income could go to taxes. New York City millionaires will soon be subject to the highest tax rate in the country. Gov. Andrew Cuomo and state legislat...

Courtesy of Lexxola Zane Saleh launched sunglasses brand Lexxola in 2019, now a staple among the Gen Z "it" crowd. The unisex eyewear is designed for city life and breaks a mold in the eyewear market. Saleh spoke with Insider on growing the brand during the pandemic and its community-led approach. If you want to see the world through the eyes of Gen Z, just put on a pair of Lexxolas. The sunglasses sheer tinted lenses have been spotted on everyone from Emma Chambe...

Jared Siskin/Getty Images White older millennials have a median wealth of $88,000, compared to $5,000 for Black older millennials. One reason for this divide may be that Black millennials have a heavier student debt burden. Older millennials born in the 1980s are making a wealth comeback, but theres a vast racial wealth gap lurking underneath this progress. In 2016, older millennials wealth levels were 34% below older generations at similar ages, per a 2018 study b...

Close icon Two crossed lines that form an X. It indicates a way to close an interaction, or dismiss a notification. A man sits on the Wall street bull near the New York Stock Exchange (NYSE) on November 24, 2020 in New York City. Spencer Platt/Getty Images Older investors and younger investors have vastly different inflation expectations amid new stimulus. Those who lived through the "Great Inflation" fear price growth will run rampant, ...

5 ways remote work is changing the economy for the better Bruno DE HOGUES/Getty Images When the economy fully reopens, the pandemic-era revolution in remote work will likely add fuel to it. A major factor underlying the great economic potential of reopening lies with how the pandemic ushered in an era of remote work, which is likely here to stay to some extent in a post-pandemic world. More than two-thirds of professionals were working remotely during the peak of t...

Tinder users can reserve their free COVID-19 testing kit via the app, and Tinder will then post the kit to them and their date.

Tinder is giving out 1,000 free COVID-19 tests so that couples can go on a date. Tinder users can claim the testing kits via the app, starting Saturday. Some

The average house is selling for over asking price, Redfin found, the latest example of the K-shaped recovery and how 2020 broke the housing market.

Millennials are defined by the Great Recession and coronavirus pandemic, similar to a past generation defined by the Spanish Flu and Great Depression.

Edward Berthelot/Getty Images Bidens stimulus could be the first step in lifting millennials out of their affordability crisis. Set back by two recessions, millennials inherited a broken economy from boomers. To ease the generational wealth gap, millennials need a long-term plan and seat at the table. Are financially burdened millennials finally seeing the light at the end of the tunnel? Designed to boost the economy during the worst crisis seen in generations, the...