American Finances Updates: Financial tips and updates from state to state – Marca English

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En/lifestyle/us-news
The latest news from the world of finance
Hello again everybody and welcome to our live blog with all of the latest financial news coming out of the United States this Saturday, July 16.
Our live blog will bring you the latest updates on a variety of financial issues like Gas Prices, Federal Gas Tax Holiday and Summer Stimulus Update among other topics. In addition, there will be various money-saving tips and benefits programs being rolled out across the country.
So, right below and with the most recent updates nearest the top, we’ll have information on how to get cheaper gas or even free gas in certain parts of the country, as well as details on the most important benefits programs.
The Covid-19 Pandemic has changed the perspective on what retirement will look like in the future, hence many people that have been productive for more than 3 decades are reconsidering their retirement plans and will keep on working for the foreseeable future.
And the meaning of retirement is different for them, some believe that retirement starts when you start getting a pension, others believe it is when they left their main job, and others believe that is when you achieve financial independence.
According to the Economic Policy Institue, the inflation being experienced by people all over the country has also pushed the value of the federal minimum wage to a record low in over 65 years.
Right know the $7.25 hourly minimum wage is worth less than what it did in 1956, when those 75 cents would equate to today’s $7.19
The federal minimum hasn’t been incremented since 2009.
Skittles parent company, Mars, is being sued over allegations they’re unfit for human consumption because of their higher titanium dioxide levels than what the FDA approves.
The class-action lawsuit filed last Thursday in the U.S. District Court for the Northern District of California, Jenile Thames a San Leandro resident said that the candy were unsafe for consumers.
Mars does use titanium dioxide as part of their production process for Skittles, actually in 2016 they publicly shared their intention was to remove titanium dioxide from its products in the coming years, but is still used till this day, the lawsuit states.
In a public statement sent to media outlets, Mars said that while they don’t comment on pending litigation, their use of titanium dioxide complies with FDA regulations.
Some Americans are planning their summer vacation to fly across the Atlantic Ocean and enjoy what Europe has to offer, specially now that the euro and dollar have reached a parity for the first time in 20 years.
For U.S. travelers this will mean they won’t have to pay as much as before for accomodation, sightseeing and meals during their trip.
Will you be traveling to Europe?
Universal Basic Income, is basically another stimulus check that will be rolled out to a number of states and cities during the next couple of years.
Many of these checks will go up to $18,000 in some cases, with a total of 41 either states or cities getting this benefit. Payments are recurring rolled out to individuals that the Government is protecting through these checks. Payments vary depending on the state. It can be every month, several times per year or an annual payment.
See the full list of states and cities here.
The earliest someone can start to collect their benefits is 62 years old, while also being able to wait till turning 70 and start then.
It’s a decision that individuals have to make, do I retire earlier and collect a smaller amount each month for more years, or do I wait and get a bigger monthly payment during less years.
Check out all the details about Full Retirement Age benefits (FRA) and more here.
A survey produced by the University of Michigan showed that inflation expectations have halted or improved, and the same goes for general consumer sentiment.
This was evidenced on Friday as US stocks closed higher on Wall Street.
The S&P rose by 1.9 percent (73 points) to 3,863, the Dow rose by 2.2 percent (31,288 points) while the Nasdaq saw a 1.8 percent increase.
Residents of California who requested emergency rental assistance before March 31 will also receive their checks, as the state will be providing them with $1.95 billion in funding.
“The budget provides additional funds to ensure qualified low-income tenants who requested rental assistance before March 31 get the support they need,” reads the official website.
Find out more about California Stimulus Payments here.
To be entitled to Child Care Tax Credit, you must have “earned income” or cash obtained through a job, in order to qualify (together with your spouse, if you’re married). Investment gains and other non-work income are not taken into account.
To be able to work or look for work, you must have paid for the care. Even if you don’t get paid for it, being a full-time student or a parent who can’t take care of themselves counts as “working” for the purposes of the credit.
Find out more about this benefit, here.
In terms of the cheapest gas stations in the US, these are the lowest-priced places to get gas in the top 10 most populated cities in the country:
New York, New York ($3.93): USA Petroleum, 25 New York Ave Huntington, NY.
Los Angeles, California ($4.99): G&M, 701 Redondo Ave Long Beach, CA .
Chicago, Illinois ($3.95): Costco, 1310 E 79th Ave Merrillville, IN.
Houston, Texas ($3.48): Exxon, 13835 Walters Rd Houston, TX.
Phoenix, Arizona ($3.99): Gurus Grace, 1949 E Osborn Rd Phoenix, AZ.
Philadelphia, Pennsylvania ($4.25): 900 Center Blvd S Newark, DE.
San Antonio, Texas ($3.49): Oasis, 4722 Military Dr W San Antonio, TX.
San Diego, California ($4.99): Horizon Fuel Center, 31267 Valley Center Rd Valley Center, CA.
Dallas, Texas ($3.55): Costco, 600 W Arbrook Blvd Arlington, TX.
San Jose, California ($5.39): ARCO, 1405 Branham Ln San Jose, CA.
As we always do in our MARCA In English financial news blogs, we tell you about the benefits programs worth knowing about, explaining what they’re called and who is eligible.
This includes stimulus checks, which are no longer being given out at the federal level but which still exist at the state level, depending on where you live and your state government’s current policies.
There are also more general money-saving tips worth knowing about, especially at this time of super high inflation.
Gas prices remain high, even if there was a slight reduction in the past week. But, you should keep in mind that it is possible to pay a little less at the pumps if you shop around just a little. So, we’ll provide a list for you of cheap gas stations in the major cities.
There is a lot to discuss, then, so follow along on this Saturday’s American financial news blog.
© Julio 2022 Unidad Editorial Información Deportiva, S.L.U. All rights reserved.
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