Bshapiro Financial

Who are the largest beneficiaries of the Supplemental Nutrition Assistance Program? Almost four in 10 SNAP recipients in the fiscal year of 2023 were children, data from the USDA show, as families, especially single-adult families, struggle with finances more often. Additionally, around two in 10 recipients were over the age of 60, and one in 10 was a child or non-elderly adult with a disability.

One-third of SNAP recipients were non-disabled adults between the ages of 18 and 59. However, on a household level, only 16.9% of households receiving SNAP contained only adults under the age of 50.

Sources: Statista and Horsesmouth

It’s still unclear how AI will ultimately affect the workplace. Will it become our assistant for everything, or will it eliminate jobs entirely?

This graphic is based on data from Microsoft Research, which analyzed how people used AI and how closely these tasks correspond with occupational activities.

Interpreters and translators rank first overall, as 98% of work functions corresponded with Copilot conversations with relatively strong completion rates.

Several knowledge workers like historians and writers had high levels of overlap. Passenger attendants and customer service representatives—which together represent nearly three million jobs in America—rank among the top 10.

Sources: Visual Capitalist; Microsoft; and Horsesmouth

US lawmakers are careening toward a shutdown of the federal government that could deprive policymakers, business leaders and investors of critical data needed to assess the state of the economy. Many federal operations will pause and nonessential employees will be furloughed or fired if lawmakers can’t reach an agreement by the time the current fiscal year ends on Tuesday.

When it comes to the data by which the economy is gauged, things could get very murky at a moment of deep uncertainty.

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The One Big Beautiful Bill Act, which President Trump signed on July 4, reduces certain tax breaks for donations starting next year. The new law introduces a 0.5% floor on itemized charitable contributions and caps deductions at 35% of modified adjusted gross income.

Clients urged to maximize charitable giving this year Financial advisors are urging clients to maximize their charitable deductions before year-end, as the recently passed tax and spending legislation limits tax breaks for donations starting in 2026. The new law introduces a 0.5% floor on itemized charitable contributions and caps deductions at 35% of....