Research

Wealthy Donors Are Giving 30% More Than a Decade Ago, but Fewer Are Giving at All

A new Bank of America study finds affluent households increased total charitable giving by 30% since 2015 even as the share who donate anything fell from 91% to 81%.

September 30, 2025 at 6:00 AM PDTnewsroom.bankofamerica.com

RetirementResearch

Fidelity Counts a Record 595,000 401(k) Millionaires as Savings Rate Hits 14.2%

Average 401(k) balances climbed to $137,800 in the second quarter, and the growing club of seven-figure accounts faces a larger question about taxes on the way out.

September 4, 2025 at 2:01 PM PDTFidelity Investments

Tax LawResearch

CBO Scores OBBBA's Tax Cuts at $3.4 Trillion Added to Deficits

The Congressional Budget Office reported July 21, 2025 that the tax and spending law signed on July 4 will add $3.4 trillion to deficits through 2034, a number that matters for anyone planning around today's rates.

July 21, 2025 at 2:50 PM PDTCBO