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About 14% of all U.S. households make $200,000 or more per year, according to 2023 Census data.But a significant salary hasn’t translated to big account balances for some of these consumers — which experts have dubbed “HENRYs,” or “high earners, not rich yet.”Rising costs, debt and lifestyle creep can leave them feeling stuck, experts say. Nearly two-thirds, or 62%, of people with salaries over $300,000 a year struggle with credit card debt, a new survey from BHG Financial found. Other reports have found many six-figure earners still live paycheck to paycheck.”Earning doesn’t actually make you feel rich; spending it does,”…

Wealthfront beats out Fidelity, Schwab and Vanguard when it comes to direct indexing and tax loss harvesting. You make money in the market but tell the IRS you’re losing money. Yes, this works—for a while. Direct indexing with loss harvesting looks like a bonanza, for both providers and customers. Is it? Short answer: Yes, but. Yes, you can do nicely with this scheme, more than covering the fees charged. The two buts: (1) Before getting in, think about what’s going to happen on the way out. Below I will present a cautionary tale about the resulting mess. (2) Take any…

LA TARENTAISE: Dutch rider Thymen Arensman picked up a second stage win at the Tour de France on Friday winning stage 19 at La Plagne ski resort as defending champion Tadej Pogacar closed in on a fourth title. Arensman crossed the finish line in the rain two seconds ahead of title contender Jonas Vingegaard and his great rival Pogacar. However, barring a collapse, Team UAE rider Pogacar should claim his fourth Tour de France title aged just 26 years in Paris on Sunday. The Slovenian exits the Alps with a lead of four minutes and twenty-four seconds on second placed…

MANCHESTER: Joe Root climbed to second on the all-time list of Test run-scorers after hitting a sparkling 38th century on Friday as England hunted a series-clinching win against India. Ben Stokes’ men, 2-1 up in the five-match series, were 544-7 at stumps on the third day of the fourth Test at Old Trafford, 186 runs ahead of the toiling tourists on first innings. Root made an imperious score of exactly 150, with only retired India great Sachin Tendulkar (15,921 Test runs) now having made more than the 34-year-old Englishman’s tally of 13,409. Earlier, Ollie Pope (71) put on 144 for…

Mohammad Rizwan will continue to lead Pakistan in a three-match ODI series against West Indies as a 16-member ODI squad was announced by the Men’s National Selection Committee, the Pakistan Cricket Board (PCB) announced on Friday. “The series will be played at the Brian Lara Cricket Academy in Trinidad and Tobago on Aug 8, 10 and 12,” the statement said. “Right-handed batter Hasan Nawaz is the only uncapped player in the ODI squad, while Babar Azam and Shaheen Shah Afridi are part of the ODI squad,” it added. The PCB also said that Pakistan will play three T20 Internationals against…

CHINA – 2025/06/22: In this photo illustration, the logo of Centene Corporation is displayed on the … More screen of a smartphone. (Photo Illustration by Sheldon Cooper/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty Images Shares of Centene have been on a roller coaster. When I wrote earlier this month about the managed-care company, which offers services through Medicaid, Affordable Care Act plans and Medicare, the stock had lost 40% of its value. That was a week after the company withdrew its earnings guidance for 2025, citing rising Medicaid costs and problems in the ACA business. Shares fell another 14.5%…

U.S. President Donald Trump talks to reporters as he departs the White House on July 25, 2025 in Washington, DC. Trump is traveling to his Balmedie golf courses in Scotland this week. Chip Somodevilla | Getty ImagesPresident Donald Trump said the administration is considering a rebate for some consumers from revenue raised by higher tariffs on U.S. trade partners.When asked by a reporter on Friday at the White House about a possible rebate for Americans from tariff revenue, Trump said: “We’re thinking about that. We have so much money coming in, we’re thinking about a little rebate.””The big thing we want…

Luis Alvarez | Digitalvision | Getty ImagesStudent loan forgiveness may be taxable againThe American Rescue Plan Act of 2021 made student loan forgiveness tax-free at the federal level through the end of 2025. Trump’s “big beautiful bill,” while making other specific kinds of student loan relief tax-free, did not extend or make permanent that broader provision. In theory, lawmakers could move to protect the relief from taxes before the end of the year, but borrowers shouldn’t count on it, experts say.”Republicans do not like [student loan] forgiveness, and are unlikely to make it tax-free,” said higher education expert Mark Kantrowitz.Without action from Congress, student loan…

DHAKA: Paceman Sal­man Mirza grabbed three wickets and opener Sahib­zada Farhan struck an aggr­essive fifty in Pakistan’s consolation 74-run win in the third T20 on Thursday as Bangladesh took the series 2-1. Salman, playing only his third international, demolished Bangladesh’s top order with figures of 3-19 as the home team was bowled out for 104 in 16.4 overs in Dhaka. Sahibzada’s 41-ball 63 studded with five sixes and six fours got Pakistan off to a strong start and Hasan Nawaz clubbed 33 off 17 balls to help them to 178-7 after they were sent in to bat. Salman struck with…

Ahead of next week’s Federal Reserve meeting, relations between President Donald Trump and Fed Chair Jerome Powell have hit a low.”Families are being hurt because Interest Rates are too high,” Trump wrote in a Truth Social post on Wednesday.Trump has said he wants the Fed to sharply lower interest rates by as much as 3 percentage points to spur economic growth. (Although the central bank typically adjusts its benchmark in 25-basis-point increments, rates were slashed to near zero as recently as the Covid pandemic. “The Fed only resorts to such extreme measures in response to severe economic distress,” said Greg McBride, chief financial analyst at…