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McDonald's reports low-income customer traffic down nearly 10% while high-income visits remain solid, providing a stark illustration of America's two-tier consumer economy.
As of January 1, 2026, federal student loan forgiveness through income-driven repayment plans is now subject to federal income tax. Here's what borrowers need to know about this major change.
New data reveals America's economic divide has reached historic proportions, with the wealthiest 20% accounting for 57% of all consumer spending while lower-income households struggle.
The temporary federal tax exemption for student loan forgiveness has expired. Borrowers on income-driven repayment plans could face surprise tax bills when their debt is canceled.
The temporary exemption making student loan forgiveness tax-free has expired. Borrowers qualifying for income-driven repayment forgiveness in 2026 could face tax bills of $10,000 or more.
Bank of America data reveals the largest income-based spending gap in a decade as high-income consumers thrive while lower-income households struggle with stagnant wages and persistent inflation.
New data shows high-income households spending 2.6% more while lower-income families manage just 0.6% growth. The divergence is reshaping retail, real estate, and policy.
As of January 1, 2026, student loan forgiveness through income-driven repayment plans is taxable again. Borrowers with $57,000 in forgiven debt could face a $12,000 tax bill.
The 10-year Treasury yield is expected to trade between 3.75% and 4.25% in 2026. Here's why bond investors should focus on income over capital appreciation.
70% of lottery winners go bankrupt. NFL players aren't far behind. High income doesn't guarantee wealth—here's what actually does.
The U.S. government collected $287 billion in customs duties in 2025, a 192% increase that pushed tariff revenue above 3.7% of total federal receipts for the first time since the 1940s. Early 2026 data shows the pace accelerating.
Dollar General and Dollar Tree report surging visit frequency from households earning over $100,000 as inflation fatigue reshapes American shopping habits.