Category Archives: Paycheck
Rising Costs of Food and Gas Affecting Payroll Tax Cut
More than two months after Americans got a small paycheck boost courtesy of Uncle Sam, the verdict is in: it’s not working. The goal of rolling back Social Security payroll taxes by 2 percent was to encourage consumers to spend more, thus stimulating the economy. But with the cost of living rising faster than expected… Read More »
Will Americans Keep Frugal Habits or Fall Back in Debt When Economy Rebounds?
Some things are easier said than done – and it looks like that might be the case when it comes to retaining the smart saving and spending behavior so many Americans adopted in response to the recession. Last year, 63% of consumers said they had modified their money habits because of the economy, according to… Read More »
Are Improved Financial Habits Falling By The Wayside As Economy Picks Up Steam?
American consumers say the economy has changed their spending habits for the better – but is the change permanent? While 63% of people in last year’s Citigroup survey reported that the recession has had a positive effect on their spending and saving behavior, only 52 respondents say the same today. Perhaps now that incomes are… Read More »
Atlanta Consumers Look For Ways To Pay Increasing Gas Prices
Uncle Sam was hoping a recent tax cut would get pumped back into the economy – but it looks like it might just get pumped into our gas tanks. In December, President Obama signed a payroll tax cut that would slash Social Security withholdings from 6.2 percent to 4.2 percent in 2011- essentially a 2… Read More »
Rising Gas Prices Put Financial Burden on Struggling Consumers
It looks like taxpayers might already have a use for that extra money from President Obama’s payroll tax cut – filling up the gas tank. Legislators hoped that the tax cut – which gives many Americans the equivalent of a 2 percent raise by shaving the amount of paycheck withholdings for Social Security from 6.2… Read More »