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Also, a Social Security bill sparks praise from seniors. ͏ ͏
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Also, a Social Security bill sparks praise from seniors.
Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â 
[The Charlotte Observer](~/AAQRxQA~/RgRn1JoZP0QiaHR0cHM6Ly93d3cuY2hhcmxvdHRlb2JzZXJ2ZXIuY29tL1cDc3BjQgpl7xoV8mVN0sWHUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~) Í
Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ March 13, 2024 ⢠Issue #76 [The Money Section] This week, weâre looking at why prepping your taxes twice isnât necessarily a good idea, why seniors are praising a Social Security bill that just got approved, and why gold is having its best moment yet. Yes, prepping your taxes twice is overkill [Twice](~/AAQRxQA~/RgRn1JoZP0SVaHR0cHM6Ly93d3cua2Fuc2FzY2l0eS5jb20vbW9uZXkvZG9pbmctdGF4ZXMtdHdpY2UtZGlmZmVyZW50LXNvZnR3YXJlLz94aWQ9bWNjbGF0Y2h5JnV0bV9zb3VyY2U9bWNjbGF0Y2h5JnV0bV9tZWRpdW09cnNzX3N5bmQmdXRtX2NvbnRlbnQ9dG1zX2lzc3VlNzZXA3NwY0IKZe8aFfJlTdLFh1IbdHJpc3RyYW1iYWxkd2luODlAZ21haWwuY29tWAQAAANO) Money; Getty Images Taxes are so stressful that some Americans prepare their taxes twice using different software to compare results before filing with the IRS. However, experts say this isnât necessary since major tax preparers generally operate in similar ways, with any discrepancies often due to user error. [Read more.](~/AAQRxQA~/RgRn1JoZP0SVaHR0cHM6Ly93d3cua2Fuc2FzY2l0eS5jb20vbW9uZXkvZG9pbmctdGF4ZXMtdHdpY2UtZGlmZmVyZW50LXNvZnR3YXJlLz94aWQ9bWNjbGF0Y2h5JnV0bV9zb3VyY2U9bWNjbGF0Y2h5JnV0bV9tZWRpdW09cnNzX3N5bmQmdXRtX2NvbnRlbnQ9dG1zX2lzc3VlNzZXA3NwY0IKZe8aFfJlTdLFh1IbdHJpc3RyYW1iYWxkd2luODlAZ21haWwuY29tWAQAAANO) ð¥ Prices arenât letting down, despite cooling inflation. The Consumer Price Index rose 0.4% in February, while the core measure that excludes food and energy prices increased by the same amount. This points to lingering price hikes despite a drop from peak inflation, highlighting the ongoing struggle to tame rising costs [(especially in sectors like housing and insurance).](~/AAQRxQA~/RgRn1JoZP0RDaHR0cHM6Ly93d3cuYXhpb3MuY29tLzIwMjQvMDMvMTIvaW5mbGF0aW9uLXJlcG9ydC1mZWJydWFyeS1jcGktMjAyNFcDc3BjQgpl7xoV8mVN0sWHUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~) ð S&P 500 hits new record high despite sticky inflation data. U.S. stocks surged on Tuesday following the release of higher-than-expected inflation data, hinting at a possible Federal Reserve interest-rate cut. The S&P 500 and Nasdaq Composite both hit record highs, with tech leader Nvidia driving gains. [See what else rose and fell.](~/AAQRxQA~/RgRn1JoZP0SJaHR0cHM6Ly9maW5hbmNlLnlhaG9vLmNvbS9uZXdzL3N0b2NrLW1hcmtldC10b2RheS1zcC01MDAtaGl0cy1uZXctcmVjb3JkLWhpZ2gtYXMtaW52ZXN0b3JzLXNocnVnLW9mZi1zdGlja3ktaW5mbGF0aW9uLWRhdGEtMjAwMjAwNTgzLmh0bWxXA3NwY0IKZe8aFfJlTdLFh1IbdHJpc3RyYW1iYWxkd2luODlAZ21haWwuY29tWAQAAANO) The average credit score just dropped for the first time since 2009 [Score](~/AAQRxQA~/RgRn1JoZP0SXaHR0cHM6Ly93d3cuY2hhcmxvdHRlb2JzZXJ2ZXIuY29tL21vbmV5L2F2ZXJhZ2UtY3JlZGl0LXNjb3JlLWRyb3BzLWZpY28vP3hpZD1tY2NsYXRjaHkmdXRtX3NvdXJjZT1tY2NsYXRjaHkmdXRtX21lZGl1bT1yc3Nfc3luZCZ1dG1fY29udGVudD10bXNfaXNzdWU3NlcDc3BjQgpl7xoV8mVN0sWHUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~) Money; Getty Images For the first time in 15 years, the average credit score in the U.S. has dropped from 718 to 717, signaling potential struggles with debt among Americans. [Hereâs what you need to know.](~/AAQRxQA~/RgRn1JoZP0SXaHR0cHM6Ly93d3cuY2hhcmxvdHRlb2JzZXJ2ZXIuY29tL21vbmV5L2F2ZXJhZ2UtY3JlZGl0LXNjb3JlLWRyb3BzLWZpY28vP3hpZD1tY2NsYXRjaHkmdXRtX3NvdXJjZT1tY2NsYXRjaHkmdXRtX21lZGl1bT1yc3Nfc3luZCZ1dG1fY29udGVudD10bXNfaXNzdWU3NlcDc3BjQgpl7xoV8mVN0sWHUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~) ð¢ Bitcoin price hit a record $73,000 before dipping. Showcasing its characteristic volatility, Bitcoin (BTC) surged to a new all-time high above $73,000 before quickly dipping back down to around $68,600. Despite the fluctuations, Bitcoin remains up 47% over the last 30 days. [See whatâs behind this surge.](~/AAQRxQA~/RgRn1JoZP0RIaHR0cHM6Ly9kZWNyeXB0LmNvLzIyMTM2Ni9iaXRjb2luLXByaWNlLXRvcHMtNzMwMDAtYWhlYWQtaGFsdmluZy1wbHVuZ2VzVwNzcGNCCmXvGhXyZU3SxYdSG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~) ð Social Security move sparks praise from seniors. Lawmakers in West Virginia have approved a bill to end taxes on Social Security benefits, garnering praise from interest groups and campaigners. Building on a 2019 law, the legislation will gradually eliminate state taxes on Social Security benefits for all recipients over three years. [Read more.](~/AAQRxQA~/RgRn1JoZP0RGaHR0cHM6Ly93d3cubmV3c3dlZWsuY29tL3NvY2lhbC1zZWN1cml0eS10YXgtY3V0LXdlc3QtdmlyZ2luaWEtMTg3ODAwNVcDc3BjQgpl7xoV8mVN0sWHUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~) The price of gold just hit an all-time high [Gold](~/AAQRxQA~/RgRn1JoZP0SFaHR0cHM6Ly93d3cuc2FjYmVlLmNvbS9tb25leS9nb2xkLXByaWNlLWFsbC10aW1lLWhpZ2gvP3hpZD1tY2NsYXRjaHkmdXRtX3NvdXJjZT1tY2NsYXRjaHkmdXRtX21lZGl1bT1yc3Nfc3luZCZ1dG1fY29udGVudD10bXNfaXNzdWU3NlcDc3BjQgpl7xoV8mVN0sWHUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~) Olive Burd / Money; Getty Images Gold prices soared to a record high of $2,160 per troy ounce, driven by a weakening U.S. dollar and optimism about the Fedâs monetary policy. Federal Reserve Chair Jerome Powellâs suggestion of potential interest rate cuts further fueled the rise, with a [73.9% likelihood of a rate cut in June.](~/AAQRxQA~/RgRn1JoZP0SFaHR0cHM6Ly93d3cuc2FjYmVlLmNvbS9tb25leS9nb2xkLXByaWNlLWFsbC10aW1lLWhpZ2gvP3hpZD1tY2NsYXRjaHkmdXRtX3NvdXJjZT1tY2NsYXRjaHkmdXRtX21lZGl1bT1yc3Nfc3luZCZ1dG1fY29udGVudD10bXNfaXNzdWU3NlcDc3BjQgpl7xoV8mVN0sWHUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~) ð¤ Bay Area tech workers are seeing âsalary stagnation.â While the U.S. average tech salary remained flat, it dropped by 2.3% in regions like Silicon Valley, reflecting the impact of layoffs and cost cuts since late 2022. [Read more.](~/AAQRxQA~/RgRn1JoZP0RPaHR0cHM6Ly93d3cuc2ZnYXRlLmNvbS90ZWNoL2FydGljbGUvd29ya2VyLXNhbGFyeS1yZXBvcnQtZGljZS1qb2JzLTE4ODg1ODU2LnBocFcDc3BjQgpl7xoV8mVN0sWHUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~) ð¨âð©âð§âð¦ Almost half of U.S. parents financially support their adult children. A recent survey reveals that nearly half of U.S. parents financially support their adult children, with an average monthly contribution of $1,384 per child â twice the amount parents save for their own retirement. [See the survey breakdown here.](~/AAQRxQA~/RgRn1JoZP0RRaHR0cHM6Ly9xei5jb20vYWJvdXQtaGFsZi1vZi1wYXJlbnRzLWZpbmFuY2lhbGx5LWhlbHAtdGhlaXItYWR1bHQta2lkcy0xODUxMzI1MDQ4VwNzcGNCCmXvGhXyZU3SxYdSG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~) Smart Money Move Are you overpaying for car insurance? [Car] [Car] With rates surging 20% in the past year, you could be spending more than necessary on your car insurance premiums. Donât miss out on potential savings. It only takes minutes to shop around, and switching providers could potentially save you hundreds of dollars every year. [See our list of the best car insurance providers available today.](~/AAQRxQA~/RgRn1JoZP0R3aHR0cHM6Ly9zZWN1cmUubW9uZXkuY29tL3ByL3Y3NmFkZmNiYWM1ND94aWQ9bWNjbGF0Y2h5JnV0bV9zb3VyY2U9bWNjbGF0Y2h5JnV0bV9tZWRpdW09cnNzX3N5bmQmdXRtX2NvbnRlbnQ9dG1zX2lzc3VlNzZXA3NwY0IKZe8aFfJlTdLFh1IbdHJpc3RyYW1iYWxkd2luODlAZ21haWwuY29tWAQAAANO) Stories we're reading this week - [You Can Still Find Homes Under $350,000 in These 10 Cities](~/AAQRxQA~/RgRn1JoZP0SWaHR0cHM6Ly93d3cubWlhbWloZXJhbGQuY29tL21vbmV5L2NpdGllcy1pbmNyZWFzZS1ob21lLWZvci1zYWxlLTM1MDAwMC8_eGlkPW1jY2xhdGNoeSZ1dG1fc291cmNlPW1jY2xhdGNoeSZ1dG1fbWVkaXVtPXJzc19zeW5kJnV0bV9jb250ZW50PXRtc19pc3N1ZTc2VwNzcGNCCmXvGhXyZU3SxYdSG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~)
- [More Americans Are Treating Their 401(k)s Like Cash Machines](~/AAQRxQA~/RgRn1JoZP0R1aHR0cHM6Ly93d3cud3NqLmNvbS9wZXJzb25hbC1maW5hbmNlL3JldGlyZW1lbnQvbW9yZS1hbWVyaWNhbnMtYXJlLXRyZWF0aW5nLXRoZWlyLTQwMS1rLXMtbGlrZS1jYXNoLW1hY2hpbmVzLWRlYWEzZjhmVwNzcGNCCmXvGhXyZU3SxYdSG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~)
- [Study Finds the Key to Getting Richer Is Making Wealthy Friends... at Applebee's?](~/AAQRxQA~/RgRn1JoZP0SXaHR0cHM6Ly93d3cubmV3c29ic2VydmVyLmNvbS9tb25leS9nZXQtcmljaGVyLXdlYWx0aHktZnJpZW5kcy1hcHBsZWJlZXMvP3hpZD1tY2NsYXRjaHkmdXRtX3NvdXJjZT1tY2NsYXRjaHkmdXRtX21lZGl1bT1yc3Nfc3luZCZ1dG1fY29udGVudD10bXNfaXNzdWU3NlcDc3BjQgpl7xoV8mVN0sWHUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~)
- [2025 COLA Estimate Increases With Inflation, But Seniors Still Feel Short-Changed](~/AAQRxQA~/RgRn1JoZP0R4aHR0cHM6Ly93d3cudXNhdG9kYXkuY29tL3N0b3J5L21vbmV5L3BlcnNvbmFsZmluYW5jZS8yMDI0LzAzLzEyLzIwMjUtc29jaWFsLXNlY3VyaXR5LWNvbGEtZXN0aW1hdGUtaW5jcmVhc2UvNzI5NDMyMjIwMDcvVwNzcGNCCmXvGhXyZU3SxYdSG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~)
- [When Are Taxes Due in 2024? Here Are the State and Federal Deadlines You Need to Know](~/AAQRxQA~/RgRn1JoZP0SXaHR0cHM6Ly93d3cubWlhbWloZXJhbGQuY29tL21vbmV5L3RheC1kZWFkbGluZXMtZmVkZXJhbC1zdGF0ZS1leHRlbnNpb24vP3hpZD1tY2NsYXRjaHkmdXRtX3NvdXJjZT1tY2NsYXRjaHkmdXRtX21lZGl1bT1yc3Nfc3luZCZ1dG1fY29udGVudD10bXNfaXNzdWU3NlcDc3BjQgpl7xoV8mVN0sWHUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~)
- [Biden Wants to Pay People $10,000 to Sell Their Houses](~/AAQRxQA~/RgRn1JoZP0RqaHR0cHM6Ly93d3cuYnVzaW5lc3NpbnNpZGVyLmNvbS9iaWRlbi1wYXktaG9tZW93bmVycy1zZWxsLWhvdXNlLXN0YXJ0ZXItdGF4LWNyZWRpdC1ob3VzaW5nLXNob3J0YWdlLTIwMjQtM1cDc3BjQgpl7xoV8mVN0sWHUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~)
- [How the New Inflation Numbers Could Affect When the Fed Cuts Rates This Year](~/AAQRxQA~/RgRn1JoZP0SbaHR0cHM6Ly93d3cubmV3c29ic2VydmVyLmNvbS9tb25leS9pbmZsYXRpb24tYWZmZWN0cy1mZWQtaW50ZXJlc3QtcmF0ZS1jdXRzLz94aWQ9bWNjbGF0Y2h5JnV0bV9zb3VyY2U9bWNjbGF0Y2h5JnV0bV9tZWRpdW09cnNzX3N5bmQmdXRtX2NvbnRlbnQ9dG1zX2lzc3VlNzZXA3NwY0IKZe8aFfJlTdLFh1IbdHJpc3RyYW1iYWxkd2luODlAZ21haWwuY29tWAQAAANO) The Money Section is written in partnership with Money Research Collective This email was sent to {EMAIL} because you are signed up to receive The Money Section from The Charlotte Observer. If you no longer wish to receive emails of this type, you may [update your email preferences](~/AAQRxQA~/RgRn1JoZP0R6aHR0cHM6Ly90Lm5ld3MuLmNvbS93ZWJBcHAvbWNjU2lnbnVwUGFnZT9zaXRlTmFtZT0mdXNlcklkPTMyNTRmYjlkZmNkOGM2MmZmMDY3Zjk0NDhkM2I3ZmFmYzJlMGZhODIwOGYyY2FjMDgzZGI4NTdkYWY2MDk2ZWJXA3NwY0IKZe8aFfJlTdLFh1IbdHJpc3RyYW1iYWxkd2luODlAZ21haWwuY29tWAQAAANO). We are unable to monitor replies to this email. Please [contact customer service](~/AAQRxQA~/RgRn1JoZP0QzaHR0cHM6Ly93d3cuY2hhcmxvdHRlb2JzZXJ2ZXIuY29tL2N1c3RvbWVyLXNlcnZpY2UvVwNzcGNCCmXvGhXyZU3SxYdSG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~) if you have any questions or concerns. [Privacy Policy](~/AAQRxQA~/RgRn1JoZP0RCaHR0cHM6Ly93d3cuY2hhcmxvdHRlb2JzZXJ2ZXIuY29tL2N1c3RvbWVyLXNlcnZpY2UvcHJpdmFjeS1wb2xpY3kvVwNzcGNCCmXvGhXyZU3SxYdSG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~) | [Terms of Service](~/AAQRxQA~/RgRn1JoZP0REaHR0cHM6Ly93d3cuY2hhcmxvdHRlb2JzZXJ2ZXIuY29tL2N1c3RvbWVyLXNlcnZpY2UvdGVybXMtb2Ytc2VydmljZS9XA3NwY0IKZe8aFfJlTdLFh1IbdHJpc3RyYW1iYWxkd2luODlAZ21haWwuY29tWAQAAANO) Copyright © 2024 The Charlotte Observer. All Rights Reserved.
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