# Economy
TurboTax Ordered to Pay 4 Million Customers $141 Million
money on tablePhoto by Engin Akyurt (Creative Commons/Unsplash. Have you used TurboTax to file your taxes? Well, with the new settlement that just took place, Intuit, the owner of tax filing software TurboTax, has agreed to pay $141 million in a settlement with all 50 states.
A Surprising Choice in Alabama Named Best Place to Live in United States
bench by lakePhoto by Aaron Burden (Unsplash) A new city has emerged as the top place in U.S. to live. Huntsville, Alabama was recently chosen as No. 1 on U.S. News & World Report's annual Best Places to Live list for 2022-2023. For the past two years, it has been Boulder, Colorado taking the top spot.
It now costs more than $7,769 a month to live "modestly" in Central Florida
If you were wondering how much it actually costs to live in Central Florida, a new study reveals the breakdown of expenses, and it's worse than most of us thought. Jack F/Getty Images (Canva Pro license)
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Inflation in Ohio: New report shows over half of residents struggle to pay bills
Last year, 50% of Americans said they had no trouble paying household bills. This year, it's 40%. man shopping in grocery storePhoto by Mick Haupt (Unsplash) Are you struggling to bring in enough money to support your expenses? If so, please know you're not remotely alone. Overall inflation is up 8.3% since last year. According to the recent report from QuoteWizard, a LendingTree company, 45% of Americans report having a "difficult time" paying for their usual household expense. And 15% said they are having a "very difficult" time.
Prices for Baked Goods, Meat, and Other Grocery Items Going Up
woman shopping for groceriesPhoto by Jennifer Gentner (Unsplash) Have you noticed that the cost of bread and other items such as meat keep going up in price? In Cleveland, according to Numbeo, the cost of feeding one person is approximately $362 per month. (source) That means a family of four is spending approximately $1,500 on food each month.
Money Available for Renters and Homeowners in Akron
Outstretched Hand holding moneyPhoto by JP Valery (Unsplash/Creative Commons) Need some help with your bills as costs keep to rise in Ohio? You're not alone. It's okay. No one can blame you as it seems like all expenses are going up these days. The great news is you have some fantastic options for support from government agencies.
The 4th richest person in Denver, Colorado.
"Your employees have got to know you are not a phony. They have got to believe in you." - James Leprino. James Leprino owns Leprino Foods Company, the largest mozzarella cheese manufacturer in the United States, with more than $3.5 billion in estimated annual sales.
Up To $970 In One-Time Payments For New York, New Mexico, And New Jersey
States are picking up where the Federal Reserve stopped and are issuing one-time payments. The aim is to provide relief to residents affected by the soaring inflation rate. Is your state not listed here? You can check out these articles which speak about state stimulus check plans:
Get $500 Monthly Cash Payments in New Program
photo of money on green backgroundPhoto by MOHD AZRIN (Creative Commons/Unsplash) Feeling some strain in your bank account? You're definitely not alone. Thankfully, there is some good news: applications for a program offering free money to Chicago residents are now open.
Shortage of baby formula worsens in U.S.
Bottle Feeding Twins PhotoPhoto by Sarah Pflug from Burst. “Unfortunately, we don’t see this slowing down any time soon,” Datasembly CEO Ben Reich said in a statement. If you rely on formula to feed your baby, you're likely one of the many families desperate to find stores with stock. This country is experiencing a massive shortage of baby formula.
(Video) Nashville's Housing Market Creates Buying Frenzy and Problems for Some Residents
home for salePhoto by Dillon Kydd (Creative Commons/Unsplash) The housing market in the Nashville area is even hotter than you think it is. For example, the median price for a residential single-family home in Nashville is $461,620, up 25.7 percent from last year. The median sold price for a condominium was $319,690, which is an increase of 23 percent from last year. Despite the any economic challenges due to the pandemic, there has been and continues to be a healthy demand to purchase homes in the Nashville real estate market. (source)
This Miami entrepreneur just lost $1 billion
Recently I wrote about the youngest billionaire in Miami, Fred Ehrsam. When I wrote the article, Ehrsam had a net worth of $2.1 billion, making him the youngest billionaire in Miami. However, thanks to the plunge in the value of cryptocurrency, Ehrsam has lost $1 billion in the past few weeks.
The fifth richest man in Phoenix, Arizona
The owner of Los Angeles Angels is a savvy entrepreneur with working-class roots who appeals to the middle class, both in the United States and abroad. His name is Arturo Moreno, and his humble upbringing inspired him to become a very successful business owner. Forbes estimates his wealth to be $3.6 billion, making him the 5th richest person in Phoenix.
Get Ready For More Price Hikes In Texas
It's no secret that high inflation is hurting families in Texas. But sadly, high prices in the Lone Star State aren't expected to go down anytime soon. According to Fox Business, prices rose faster than expected in April, indicating that inflation will remain high for a while.
Senate confirms Michigan State University economist Lisa Cook to Federal Reserve
Michigan State University economist Lisa Cook speaks during a confirmation hearing on Feb. 3, 2022.Ken Cedeno (Pool Photo) Michigan State University economist Lisa Cook was confirmed by the U.S. Senate on Tuesday to serve on the Federal Reserve’s Board of Governors, becoming the first Black woman to serve on the board in its 108-year history.