How much money it takes to be 'rich' in America for 2024

A recent study utilizing IRS data reveals that the income required to be considered "rich" varies widely across the U.S., reflecting regional differences in cost of living, local economies, and tax structures.

Bad service, no tip: Most Americans demand quality before tipping

A recent YouGov poll reveals that as tipping becomes an expected norm in increasingly varied sectors amid rising living costs, over half of Americans now express a growing resentment towards tipping, opting to leave no tip for subpar service.

These salaried workers are now eligible for overtime pay

The Biden administration's new rule significantly expands overtime pay eligibility to millions of salaried workers in the U.S., setting higher income thresholds and updating salary limits every three years.

'Doom spending' instead of home buying—how young people are spending their money

Amid inflation and climate concerns, younger generations, including Gen Z and millennials, are turning to "doom spending," buying luxuries as they find homeownership increasingly unaffordable.

These Express stores in California are closing

Express Inc. has filed for Chapter 11 bankruptcy protection, as the fashion retailer looks to sell the majority of its stores.

Express files for bankruptcy, announces store closures

Express filed for bankruptcy Monday and announced dozens of the fashion retailer’s stores would be closing.

Quality of life in LA County is getting worse, residents say

Concerns over the high cost of living pushed the satisfaction of Los Angeles County residents back to its lowest-ever level, according to a recent UCLA study.

These California fast food restaurants raised menu prices

Earlier this month, California increased the wages for most fast food workers statewide - and customers are apparently paying the price.

Red Lobster reportedly considering filing for bankruptcy

Red Lobster is reportedly considering filing for bankruptcy to relieve financial pressures that have weighed on the company.

High inflation is costing Americans an extra $1K a month

Americans are now facing an additional financial burden of $1,069 per month due to high inflation compared to three years ago.

Tesla layoffs: Employees say they were notified by overnight email

Tesla Gigafactory Texas layoffs were announced by an early morning email, according to some employees who spoke to FOX 7 Austin.

LA County looking to help 99 Cent Store employees

The LA County Board of Supervisors unanimously approved a motion from Supervisor Janice Hahn to do all they can to help thousands of soon-to-be laid off workers from the 99 Cents Only Stores.

America's top 1% has total net worth of $44 trillion

Recent Federal Reserve data reveals that America's wealthiest 1%, with assets exceeding $11 million, amassed a record $44.6 trillion in wealth by the end of the fourth quarter of 2023, with fluctuations observed based on geographical location.

Why are food prices so high despite inflation falling?

Even if the cost of groceries declines, researchers say it's harder to notice decreasing food prices when the overall cost of living remains steep.