Feds Collected $34,400 Per Household In Taxes In 2023
The federal government collected approximately $34,400 in taxes per American household in calendar year 2023, according to data published by the Treasury Department and the Census Bureau. From January through December 2023,…
U.S. household net net worth falls for first time in a year
(Reuters) -U.S. household wealth fell to roughly $151 trillion in the third quarter, pulled down by a drop in the value of stocks which more than offset a half-trillion rise in the…
South Korea household debt growth slows in September
SEOUL (Reuters) – South Korea’s household borrowing grew in September for a sixth straight month, but by a smaller amount than the month before, central bank data showed on Thursday. Total household…
S.Korea central bank says coordinated efforts needed to deal with household debt
SEOUL (Reuters) – South Korea’s central bank said on Thursday it needs to make coordinated efforts to contain household debt, which is at levels that could undermine economic growth and financial stability.…
Australia’s household spending rebounds in Aug in consumer resilience -CBA data
SYDNEY (Reuters) – Australia’s household spending rebounded in August, led by gains in the education, transport and recreation categories, data from the Commonwealth Bank of Australia showed on Wednesday, a sign of…
S.Korea tightens loan criteria as household debt jumps the most in 2 years
SEOUL (Reuters) – South Korea’s financial authorities said they would control household debt by tightening certain loan regulations, as rising mortgage demand drove up household borrowing by the biggest amount in two…
Household Leasing Company Banned After Taking Advantage of Low Income Consumers
HARRISBURG, PA – Attorney General Michelle Henry announced a settlement with Ohio-based Tempoe, LLC, resolving deceptive practices that misled consumers into signing costly lease agreements for household items. The company was found…
Japan household spending suffers biggest drop in 2-1/2 years; outlook not as gloomy
TOKYO (Reuters) – Japanese household spending suffered its biggest drop in nearly 2-1/2 years squeezed by rising prices, although volatility in some items meant the outlook might not be as gloomy as…
France not planning household tax hikes, sources say other taxes possible
By Elizabeth Pineau PARIS (Reuters) -The French government has no plans to make households pay more taxes, Prime Minister Elisabeth Borne said on Wednesday, but other tax rises are under consideration, two…
S. Korean policymakers vow to control rising household debt
SEOUL (Reuters) – South Korea’s policymakers vowed to take measures to control consumer debt as the country’s household credit grew at the fastest pace in 1-1/2 years in the second quarter on…
South Korea household borrowing grows further, countermeasures eyed
SEOUL (Reuters) – South Korea’s household borrowing grew in July for a fourth straight month and by the biggest amount in almost two years, central bank data showed on Wednesday, amid mounting…
Analysis-China policy reform to end losses for city-gas firms on household sales
By Chen Aizhu, Emily Chow and Andrew Hayley SINGAPORE/BEIJING (Reuters) – Policy reform in China will boost profit for city-gas distributors by letting them raise prices for residential sales above costs, after…
Biden Admin Targets Yet Another Household Appliance With New Rule Proposal
Biden Admin Targets Yet Another Household Appliance With New Rule Proposal Nick Pope on July 22, 2023 The Biden administration introduced a new proposal for water heater efficiency standards Friday, becoming the…
China to take measures to promote household consumption- state media
BEIJING (Reuters) – China plans to take measures to promote household consumption, state media reported on Thursday, citing discussions at a cabinet meeting chaired by Premier Li Qiang, amid concerns about a…
Stocks, Treasuries lead US household wealth to 1-year high in early 2023
By Dan Burns (Reuters) – U.S. household wealth climbed to the highest in a year in the first three months of 2023, led by the stock market’s recovery from last year’s bear…
South Korea household credit shrinks at record pace in first quarter
SEOUL (Reuters) – South Korea’s household credit shrank at a record pace in the first quarter as high interest rates suppressed demand, central bank data showed on Tuesday. The country’s total household…
Analysis-Thai household debt in election focus as millions in ‘endless struggle’
By Devjyot Ghoshal, Juarawee Kittisilpa and Orathai Sriring BANGKOK (Reuters) – Kavita Wongyakasem runs a small business in Bangkok, owns a two-storey house on the outskirts of the Thai capital, drives a…
China issues preferential tax policy for small firms, household businesses
BEIJING (Reuters) – China’s finance ministry on Monday issued preferential tax policy for some small firms and household businesses, as part of steps to support the economic recovery. China will levy a…
New Biden Admin Rules Could Cost Consumers Billions On Household Appliances
New Biden Admin Rules Could Cost Consumers Billions On Household Appliances John Hugh DeMastri on March 6, 2023 A pair of proposed rules from the Biden administration’s Department of Energy (DOE) would…
Corrado Bill to Encourage Participation in Low Income Household Water Assistance Program Clears Committee
Sen. Corrado's bill compelling water companies to participate in the Low Income Household Water Assistance Program was approved by the Senate Budget and Appropriations Committee.…
Major Airliner Launches $100 Million Fund For ‘Sustainable’ Jet Fuel Made With Used Cooking Oil, Household Trash
Major Airliner Launches $100 Million Fund For ‘Sustainable’ Jet Fuel Made With Used Cooking Oil, Household Trash John Hugh DeMastri on February 21, 2023 United Airlines announced a $100 million investment in…
S.Korea’s household credit falls for first time in a decade
SEOUL (Reuters) – South Korea’s household credit shrank in the fourth quarter of 2022, its first quarterly decline in nearly a decade, central bank data showed on Tuesday. The country’s total household…
Corrado Bill to Encourage Participation in Low Income Household Water Assistance Program Approved
Sen. Corrado's bill compelling water companies to participate in the Low Income Household Water Assistance Program was approved by the Senate Economic Growth Committee.…
U.S. household debt jumps to $16.90 trillion
By Lindsay Dunsmuir (Reuters) – U.S. household debt jumped to a record $16.90 trillion from October through December last year, the largest quarterly increase in 20 years, as mortgage and credit card…
U.S. household spending gains moderated in December, NY Fed says
By Michael S. Derby NEW YORK (Reuters) – American households are cutting back on spending, but are doing so from very high levels, a New York Federal Reserve report showed on Tuesday.…
Japan Nov household spending unexpectedly falls 1.2% year/year
TOKYO (Reuters) – Japanese household spending fell 1.2% in November from a year earlier, government data showed on Tuesday, versus a median market forecast for a 0.5% gain. On a seasonally-adjusted month-on-month…
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