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Americans are increasingly embracing remote work flexibility, with nearly half of employed travelers planning to work during their holiday trips, a significant rise from last year. High earners and millennials are leading this trend, prioritizing travel despite economic concerns, while many are finding ways to save costs, such as driving instead of flying. As remote work becomes a key factor for job seekers, understanding company policies on working from different locations remains essential.
Inflation is disproportionately impacting lower-income households, with only 18% of those earning under $50,000 feeling they can afford holiday spending. In contrast, 52% of those making $100,000 or more believe they can easily manage holiday expenses, reflecting a growing income disparity. About 20% of Americans anticipate going into debt for holiday celebrations, with many still grappling with previous holiday debt.
The great wealth transfer is set to shift an estimated $84 trillion by 2045, primarily to Gen X and millennial heirs. Experts emphasize the importance of estate planning, including wills and trusts, to ensure financial values are passed on effectively. With the lifetime estate and gift tax exemption rising to $13.99 million for individuals in 2025, families are urged to prepare, as future changes in legislation remain uncertain.
Stacy Francis
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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