ALL THE MONEY NEWS YOU NEED TO KNOW | | | | | | Amritpal Kaur Sandhu-Longoria | Investigative Reporter, Consumer Watchdog @AmritpalKSL | | | | |
Happy Wednesday! This is Amritpal Kaur Sandhu-Longoria with The Daily Money headlines. |
Experts predict that by 2040, 70% of net new homeowners will be Hispanic . That's because 17.9 million people, about one-third of the nation's Hispanic population, is currently younger than 18 compared to 22% of the overall population, and by 2040 they will reach the age when people typically think about becoming homeowners, according to the Urban Institute. |
Hispanics are the only demographic to see eight years of steady homeownership growth, according to U.S. Census data. In 2022, Hispanic Americans made up 49% of the homeownership rates, compared to 74% of white Americans and 46% of Black Americans. |
Need to reach a real person at the IRS? We've got the phone numbers |
With the tax deadline creeping up, you may find yourself needing to speak to a real person at the IRS. This year, callers may have better luck getting a hold of someone, largely because the IRS has hired more people. You can find a list of phone numbers here. |
In past years, the struggle to reach a live person was real — only 13% of callers got hold of an IRS employee in 2022, and only 11% in 2021, according to the National Taxpayer Advocate's report to Congress. |
In addition to numbers you can call for more specific issues, the IRS has a live chat service for general questions only. |
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Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you. | | | | Unemployment insurance offices continue to grapple with outdated operating systems. The system could crack further if the U.S. enters a recession. | | | | Virgin Orbit has filed for Chapter 11 bankruptcy after a failed launch in January, difficulties raising funding and dramatic staff reductions. | | | | Owen Diaz, who is Black, said he was harassed and targeted by racial slurs while he worked as a contracted elevator operator at Tesla's Fremont plant. | | | | O'Reilly Auto Parts says it fired a manager who reported sexual harassment of a woman because he waited too long. | | | | If you're confused about how long eggs last, here are simple ways to test if your eggs are bad and how to store them extend their shelf life. | | | | McDonald's will notify employees of staffing decisions this week, The Wall Street Journal reported Sunday. | | | | World Wrestling Entertainment, run by the McMahon family for decades, has been purchased by Endeavor Group Holdings Inc., parent company of the UFC. | | | | Inflation is a generalized raise in prices. It can be caused by several factors, such as excess spending in comparison to the product's availability. | | | | A tax credit is the dollar-for-dollar amount of money that taxpayers subtract directly from the income taxes owed. A federal tax credit is granted by the federal government. | | | | Elon Musk's Tesla on Sunday said it produced 440,808 vehicles and delivered a record 422,875. Deliveries were up 4% from the previous quarter. | | | | | | | Sign up for the news you want | Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you. | | | | | | |
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