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Noam Galai/Getty Images New York City millionaires will soon be subject to the country's 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 legislative leaders finalized a $212 billion budget proposal for 2022 on Tuesday that's set to raise an ex...

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 Chamberlain to Kaia Gerber to Sofia Richie. And beyond these members of Gen Z's "it crowd," many other me...

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 there's 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 by the Federal Reserve Bank of St. Louis. Within three years, the first part of a new St. Louis Fed...

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, Deutsche Bank said. A material rise in inflation likely depends on younger Americans bracing for h...

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 the pandemic, according to a new report by work marketplace Upwork, and over the next five years, 20%...