The Latest Breaking News from Jacob Boomsma

A gap of at least $40,000 sits between the high end of the middle class and the low end of the top 5%, according to a new study from GOBankingRates. 

Nearly one year after the American presidential election of 2024, in which the high cost of living was a critical factor and subject of debate, the cost of living in the United States remains rather high. Trips to the grocery store still take a sizeable bit out of wallets, inflation…

The American housing market, while nowhere near as affordable as it was in the pre-COVID pandemic era, became slightly more affordable over the summer of 2025. Per Fortune, home prices are at a relative standstill (or, in some cases, are decreasing) as a result of increased supply and a declining…

The absolute least you need to get by is $28,000 a year. But in Hawaii you will need three times that.

Today's Powerball jackpot has climbed to $1.8 billion -- the second most in U.S. lottery history - and you can take home anywhere from $430 million to $1.1 billion of that. It all depends on (a)...

Most states would require 12 or 13 years.

You might find yourself adjusting your retirement savings strategy before 2025 ends, especially if you're worried you don't have enough money saved up. Key findings from a new study by GOBankingRates...

In many places, $50K a year will leave you short.

A $100,000 salary, once seen as a sign of tremendous financial success, doesn't go as far these days. How far it goes varies widely depending on which state you live in.Find Out: I'm an Economist --...