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Michael Jordan's mansion may have finally found a buyer after about 12 years on and off the market. Jordan listed the property for $29 million in 2012. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMichael Jordan's mansion in the suburbs of Chicago has sat abandoned for years.

Persons: Michael Jordan's, Jordan, — Organizations: Service, Business Locations: Jordan, Chicago

☆ Want to live on the coast? Be prepared to pay more in monthly bills.
▼ + stars: | 2024-06-16 | by ( Cork Gaines | ) www.businessinsider.com time to read: +2 min

Living in a coastal state could result in higher monthly bills. Hawai'i, California, and Massachusetts are the most expensive states based on online bill-paying service Doxo's cost of bills index. Hawai'i came in as the most expensive state, with the average household spending $3,091 monthly on the 10 essential bills, 45% above the US average. Meanwhile, West Virginia is the cheapest state to live in, with residents spending $1,596 monthly on bills, 25% below average. Here are the 10 states with the most expensive essential monthly bills and the 10 with the cheapest.

Persons: — Organizations: Service, Hawai'i, Census Bureau Locations: Hawai'i , California, Massachusetts, West Virginia

☆ Gen X is feeling the negative effects of inflation more than any other generation
▼ + stars: | 2024-06-14 | by ( Cork Gaines | ) www.businessinsider.com time to read: +4 min

Gen X is feeling the sting of inflation more than other generations. A new TransUnion study shows Gen X is planing the greatest cutbacks in discretionary spending. AdvertisementThis comes at a time when many Gen Xers are already feeling financial pressure. Gen X feels less optimistic about money than other generationsGen X also has a more dire view of the economy in general. Additionally, more than one-third of Gen X respondents anticipate canceling subscriptions and memberships, and one in four plan to cancel or reduce digital services.

Persons: Gen Xers, —, Xers, TransUnion, Dynata, X —, X, Gen X, Gen, Charlie Wise Organizations: Service, Federal Reserve Bank, Business, Federal Reserve's Survey, Consumer Finances, Boomers Locations: TransUnion

☆ Gen X is fed up, so they're taking more vacations alone
▼ + stars: | 2024-06-11 | by ( Cork Gaines | ) www.businessinsider.com time to read: +4 min

Gen X is shifting from family trips to solo and friend-based vacations. More than 60% of Gen Xers book vacations to escape daily stress, the highest of any generation. However, neither of those studies differentiated between Gen Xers and baby boomers or how those numbers have changed over time. Morning ConsultThe next most common reason for Gen X to take a vacation was to visit family or friends, at slightly more than 40%. AdvertisementDriven by a need to escape and influenced by financial considerations, Gen Xers are carving out new travel experiences, prioritizing their well-being.

Persons: Gen Xers, —, Xers —, Xers, Lindsey Roeschke, I'm, Roeschke, X Organizations: Service, US Census Bureau, US, Bureau, Bowling Green State University, Business

☆ Why the average NBA Finals ticket costs $4,000
▼ + stars: | 2024-06-06 | by ( Cork Gaines | ) www.businessinsider.com time to read: +1 min

NBA Finals tickets are averaging $4,150, the highest since TicketIQ began tracking in 2011. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThis year's NBA Finals has hit a perfect storm of being played in big cities with lots of star power, and getting into the games is expensive. According to data collected by TicketIQ, an event ticket search engine, the average price for tickets on the resale market was $4,150 as of Monday, four days before Game 1 of the NBA Finals. The average price is the most expensive ever seen for the NBA Finals since TicketIQ began tracking the data in 2011.

Persons: TicketIQ, Luka Dončić, Jayson Tatum, — Organizations: Service, NBA, Business Locations: Big

☆ Washington and Utah are the states with the best economies in 2024, while many in the South are struggling
▼ + stars: | 2024-06-03 | by ( Cork Gaines | ) www.businessinsider.com time to read: +1 min

WalletHub's report ranks state economies based on their economic activity, health, and innovation. Mississippi, Arkansas, Louisiana, and Kentucky are among the weakest state economies in the US. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Those five states have the best economies, according to a new ranking of all 50 states and DC by financial services company WalletHub. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Washington, Service, Business Locations: Mississippi , Arkansas , Louisiana, Kentucky, States, Washington , Utah , Massachusetts , Texas, California, , Mississippi, Hawai'i, West Virginia , Arkansas

☆ How to find financial happiness if you're suffering from lifestyle creep, according to a Harvard professor
▼ + stars: | 2024-06-02 | by ( Cork Gaines | ) www.businessinsider.com time to read: +4 min

Harvard professor Arthur Brooks emphasized curbing bad spending habits for financial happiness. Brooks noted that rising credit card debt is affecting the financial well-being of many Americans. AdvertisementBestselling author and Harvard professor Arthur Brooks believes that achieving financial happiness isn't solved by chasing extra income but by curbing bad spending habits. AdvertisementBorrowing for consumption is the most damaging financial habitBrooks pointed to the recent rise in credit card debt as a factor that affects many people's financial happiness. Credit card debt has become a crisis in the US following the pandemic when many Americans used up their savings.

Persons: Arthur Brooks, Brooks, — Organizations: Service, Harvard Kennedy School, Harvard Business School, JPMorgan Chase, JPMorgan Chase Co

☆ The 10 richest sports owners are worth a combined $549 billion. Here's how they made their fortunes.
▼ + stars: | 2024-05-31 | by ( Cork Gaines | ) www.businessinsider.com time to read: +1 min

The 10 wealthiest sports owners collectively own 15 major sports teams. These owners include tech moguls, hedge fund managers, and heirs to massive fortunes. Forbes data highlights their diverse origins, from Walmart heirs to hedge fund managers. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Today, the list of wealthiest sports team owners includes two separate heirs to the Walmart fortune, Rob Walton and Ann Walton Kroenke, along with Bill Gates' former assistant Steve Ballmer.

Persons: —, Rob Walton, Ann Walton Kroenke, Bill Gates, Steve Ballmer Organizations: Forbes, Walmart, Service, Business

☆ All of the A-list celebrities seen at the Monaco Grand Prix, the swankiest race in motorsports
▼ + stars: | 2024-05-27 | by ( Cork Gaines | ) www.businessinsider.com time to read: +1 min

Charles Leclerc won the Monaco Grand Prix after leading the entire race. The Monaco Grand Prix is the most glamorous event in Formula 1. AdvertisementFormula 1 is one of the ritziest sports in the world, and the Monaco Grand Prix is its swankiest event. While the race has struggled to keep up with the larger modern F1 cars, the Monaco Grand Prix is still the grand jewel of the racing series. Take a look at some of the A-list stars seen before and during the 2024 Monaco Grand Prix.

Persons: Charles Leclerc, — Organizations: Monaco, Prix, Service

☆ Social Security's 2025 bump is projected to be the smallest in 5 years
▼ + stars: | 2024-05-27 | by ( Cork Gaines | ) www.businessinsider.com time to read: +3 min

The Senior Citizens League's latest projection forecasts Social Security's 2025 cost-of-living adjustment (COLA) to be just 2.66%, the lowest increase since before the pandemic. AdvertisementAccording to the Social Security Administration, the average monthly benefit in 2024 is $1,907, up about $50 from 2023. Over 67 million Americans receive Social Security. AdvertisementOver 67 million Americans receive Social Security, and an increase is not guaranteed. Since the COLA was added to Social Security benefits in 1975, there have been three years without a bump in the monthly checks.

Persons: —, Shannon Benton, Benton, Ippei Naoi Organizations: Service, The, Business, Social Security, Senior Citizens League, Social Security Administration, Senior Citizen, Social, Labor Statistics, Citizen

☆ The Olympics is reportedly losing its largest sponsor over concerns the IOC is not doing enough to support the athletes
▼ + stars: | 2024-05-27 | by ( Cork Gaines | ) www.businessinsider.com time to read: +1 min

Toyota will reportedly end its $835 million sponsorship with the IOC after Paris 2024. Toyota is said to be dissatisfied with a lack of support for Olympic athletes. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . According to a report from Japan's Kyodo News, Toyota will end its sponsorship contract with the International Olympic Committee (IOC) after this year's games in Paris.

Persons: — Organizations: Toyota, IOC, Olympic, Service, Japan's Kyodo, International Olympic Committee, Business Locations: Paris

☆ 6 countries where millionaires are moving and how these nations help protect and grow their investments
▼ + stars: | 2024-05-25 | by ( Cork Gaines | ) www.businessinsider.com time to read: +1 min

An estimated record 122,000 millionaires moved to new countries in 2023, up 45% from 2022.record 122,000 millionaires moved to new countries in 2023, up 45% from 2022. Henley & Partners data shows Australia topped the net inflow of millionaires, outpacing the US. China faced the highest net loss of millionaires, followed by India and the UK. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . That's according to data from Henley & Partners, a firm that advises the wealthy where to move to protect and grow their wealth. The firm says a record number of millionaires moved to a new country in 2023.

Persons: — Organizations: Henley & Partners, Service, United, United Arab Emirates, Business Locations: Australia, China, India, United Arab

☆ Massachusetts' millionaire tax is earning more than expected and could help make up for the last few years of high earners fleeing the state
▼ + stars: | 2024-05-22 | by ( Cork Gaines | ) www.businessinsider.com time to read: +1 min

Massachusetts' new tax on the wealthy generated $1.8 billion, exceeding expectations. The increased revenue comes amid high-income earners leaving the state. AdvertisementMassachusetts' new tax on the wealthy has become a bigger boon for the state than expected. It could help make up for the loss of high-income earners in recent years. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Service, Boston Globe, Business Locations: Massachusetts

☆ Some workers are choosing housing and student loan benefits over a retirement plan, and it says a lot about America's cost-of-living crisis
▼ + stars: | 2024-04-23 | by ( Cork Gaines | ) www.businessinsider.com time to read: +6 min

"Standard benefits, like medical, dental, or vision care, are typically included in most employee benefits plans. "With workers of all ages repaying student debt, student loan assistance should be a key consideration in the enhancement of employee benefit programs," Newcome said. Non-traditional benefits could also convince workers to rethink remote workRethinking employee benefits could also be the key to enticing remote workers back to the office. Additionally, 69% said they would be willing to change their job or career for employer-based housing benefits. As the landscape of employee benefits evolves to meet the changing needs of the workforce, companies are becoming more innovative.

Persons: —, John Newcome, Kelly, Newcome, Boring, Bonds Organizations: Service, Business, Employees, Walmart, SpaceX Locations: Austin, Bastrop

We developed an allowance plan that teaches our two teenagers about budgeting and family finances. This is no different in our family of four, which includes two teenagers. This presents a particular challenge when we are also trying to tighten the budget to deal with rising prices. To fit the needs and wants of two teenagers into our family budget, we first came up with a new plan for their allowance in 2022 that encouraged good habits. AdvertisementHere are several ways that we budget around two teenagers and teach them about money at the same time.

Persons: Chuck E

☆ How my family of 4 overhauled our lazy budget to save over $450 a month. Offering our teenagers a share in the savings was key.
▼ + stars: | 2024-04-20 | by ( Cork Gaines | ) www.businessinsider.com time to read: +2 min

Over the last two years, our family has overhauled our budget to combat inflation. Here are eight ways my family got our money situation under control. AdvertisementWith inflation still hitting bank accounts hard, our family of four — which includes two teenagers — realized it was time to start taking our household budget more seriously. Over the last two years, our family has overhauled our budget, created important financial habits, and even involved our daughters. Here are some ways we got our money situation under control.

Persons: — Organizations: Service

☆ One chart shows just how much women's college basketball ratings have soared while men's have dipped
▼ + stars: | 2024-04-17 | by ( Cork Gaines | Andy Kiersz | ) www.businessinsider.com time to read: +7 min

Viewership for the women's NCAA basketball championship surpassed the men's final for the first time. Over the next three years, the TV audience for the women's final grew by 23% to an average of 3.7 million. Women's basketball popularity goes beyond championship game ratingsWe have seen other evidence of women's college basketball's emerging dominance in the sports landscape. Meanwhile, merchandise sales related to women's college basketball are also soaring. JuJu Watkins celebrates with USC fans following a win during the 2024 NCAA Women's Basketball Tournament.

Persons: —, Nielsen, Caitlin Clark —, Angel Reese, Dawn Staley, Clark, University of Connecticut's Paige Bueckers, Juju Watkins, James, LeBron James, JuJu Watkins, Wally Skalij, Darren Rovell, Bruce B, Greenspoon Marder, you've, Siegal Organizations: NCAA, WNBA, Service, University of Iowa, University of South Carolina, Purdue University, University of Connecticut, Nielsen, Sports Media Watch, Louisiana State, University of South, Business, Nike, University of, University of Southern, USC, Indiana Fever, Impact, Vanderbilt University Locations: Louisiana, University of South Carolina, University of Southern California

USDA's recommended monthly food budget for a family of four has risen 27% since 2020. AdvertisementOn average, across the four food plans, the monthly budget recommendation has risen 27% since the start of 2020. Meanwhile, as of November, grocery prices were up 25.1% since the start of 2020, outpacing the 18.9% increase in overall prices. USDA Food Plan recommended monthly budgets. Andy Kiersz/Business InsiderWith food prices still weighing down consumers, some are becoming more conscious of how much they're spending and where.

Persons: USDA's, Andy Kiersz Organizations: US Department of Agriculture, USDA, USDA Food Locations: Alaska, Hawai'i

☆ The NFL is starting a new Christmas tradition and it will change how millions of Americans spend the holiday
▼ + stars: | 2024-04-12 | by ( Cork Gaines | ) www.businessinsider.com time to read: +5 min

If that trajectory continues, NFL games on Christmas could be an annual tradition moving forward, and the move could have a huge impact on how millions of Americans spend the holiday. Previously, the NFL only played on Christmas when it fell on one of the traditional days for NFL games — Sunday, Monday, Thursday, and Saturday. The 2023 Christmas games were three of the 19 most-watched programs on TV last year, according to Nielsen. In March 2023, NFL Commissioner Roger Goodell told the media that short-week games do not lead to more injuries. On the other hand, CBS aired 107 games in 2023, but only six were national TV games.

Persons: —, Taylor Swift, Jon Lewis, Lewis, Aaron Ontiveroz, Roger Goodell, Mike Florio, NBC's, Ethan Miller Organizations: Service, NFL, Business, CBS, San Francisco 49ers, New York Giants, Philadelphia Eagles, Las Vegas Raiders, eventual Super Bowl, Kansas City Chiefs, Nielsen, Turkey, Sports Media, NBA, Hollywood, NBC's NFL, ESPN, TV, NBC, Fox Locations: Denver

☆ Mark Cuban says there is one thing that he wishes Americans understood better about the economy in an election year
▼ + stars: | 2024-04-11 | by ( Cork Gaines | ) www.businessinsider.com time to read: +1 min

Mark Cuban is worried that Americans will put too much emphasis on the economy when voting this fall. He argued that presidents have little impact on the economy. Polls show Americans still consider the economy a top issue for the election. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . When asked what he wished more people understood about the economy, especially during an election year, he wrote in an email, "how little impact any president has."

Persons: Mark Cuban, —, Joe Biden, Donald Trump Organizations: Service

☆ Welcome to the Masters, a staple of the billionaire's social calendar
▼ + stars: | 2024-04-11 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're doing a deep dive into the golf tournament at one of the most exclusive clubs in the world . Mike Ehrmann/Getty ImagesHarvard University alumni, Goldman Sachs partners, Birkin bag owners — those exclusive groups are nothing compared to an Augusta National Golf Course membership. The Masters Tournament, the first of four men's major golf tournaments, kicks off today , write Business Insider's Madeline Berg and Taylor Rains. Since it's almost impossible to check out Augusta National otherwise, the Masters has become a staple of the billionaire's social calendar. Augusta National runs a lottery system for them.

Persons: —, Mike Ehrmann, Goldman Sachs, Birkin, Madeline Berg, Taylor, it's, Cork Gaines, aren't, Joe Ciolli, didn't, Chelsea Jia Feng, Bill Smead, Brad Porter, Elon Musk's, Y, Paul Graham, Alyssa Powell, Larry Ellison, David Ellison, Larry Ellison's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, Getty Images Harvard University, Augusta, Waste, bros, Augusta National, Renaissance Technologies, Sigma, Robotics, Amazon Robotics, xAI, Paramount, Oracle, Google, JPMorgan, SpaceX Locations: Augusta, swag, Chelsea, D.E, Shaw's Valence, New York, London

☆ 10 states that have the lowest tax burden on the wealthy and the 10 with the highest
▼ + stars: | 2024-04-10 | by ( Cork Gaines | ) www.businessinsider.com time to read: +2 min

AdvertisementOf the 10 states with the highest taxes on the wealthy, nine are states President Joe Biden won in the 2020 presidential election. Meanwhile, nine of the 10 states with the lowest tax burden went to former President Donald Trump. In fact, five of those states have no state income tax and four have an income tax below 1% for the wealthy. Here are the 10 states where wealthy residents pay the highest percentage of their income on state taxes, ranked from highest to lowest (No. That's followed by the 10 states with the lowest tax burden for high-income earners, also ranked from highest to lowest (No.

Persons: WalletHub, Joe Biden, Donald Trump, That's Organizations: Service, Business, Republican, Democratic

☆ The men's college basketball Final Four teams earn $19.3 million in revenue. The women's teams earn 27% of that.
▼ + stars: | 2024-04-06 | by ( Cork Gaines | ) www.businessinsider.com time to read: +6 min

Women's college basketball popularity is up, but their revenue still lags behind the men's teams. AdvertisementMany women's college basketball teams are setting records for attendance and could see a subsequent revenue boost from ticket, merchandise, and concession sales. Meanwhile, the NCAA sold the television rights to the men's basketball championship separately from the other sports. The deal for men's college basketball is worth more than $1.1 billion annually and also goes through 2032. AdvertisementThose watching for the disparity in revenue between the women's and men's college basketball teams to narrow may have to be patient.

Persons: —, University of Iowa's Caitlin Clark, Angel Reese, JuJu Watkins, University of Connecticut's Paige Bueckers, Nielsen, What's, Darron Cummings, Bruce B, Siegel, Greenspoon Marder, Caitlin Clarks, Reeses, Paige Bueckers, Steph Chambers Organizations: Service, NCAA Division, US Department of Education, NCAA, University of Connecticut, North, North Carolina State, South Carolina State University, North Carolina State University, University of Alabama, Purdue University —, Carolina State University —, University of South, University of South Carolina —, of Connecticut, Iowa State, University of Iowa's, University of Southern, University of, LSU, ESPN, North Carolina State's, Duke, Elite, LSU's, Iowa Hawkeyes, AP, Impact, Vanderbilt University, Hawkeyes, Associated Press Locations: North Carolina, South, University of South Carolina, Louisiana, North

☆ The men's Final Four coaches earn on average nearly double the women's salaries for the same job. Here's how much all 8 head coaches make.
▼ + stars: | 2024-04-06 | by ( Cork Gaines | ) www.businessinsider.com time to read: +3 min

Four men's teams and four women's teams are competing to be the 2024 March Madness national champions. The average salary is $4 million for Final Four men's coaches and $2.15 million for women's coaches. Related storiesThe four men's basketball head coaches have an average salary of $4 million. Michael Conroy/AP ImagesThe gap in pay between college women's basketball and men's basketball head coaches is even more pronounced if we extend beyond the Final Four teams. The average salary of the top 20 women's basketball coaches is $1.5 million a year.

Persons: —, Dan Hurley, Dawn Staley, Geno Auriemma, Nate Oats, Matt Painter, Kevin Keatts, Lisa Bluder, Wes Moore, Michael Conroy, Bill, LSU's Kim Mulkey Organizations: Service, USA, University of Connecticut, UConn, Alabama, Purdue, Carolina State, Iowa, Final Locations: Dawn Staley of South Carolina, Carolina, Kansas

☆ The States Where Middle-Income Earners Pay the Most in Taxes
▼ + stars: | 2024-04-05 | by ( Cork Gaines | ) www.businessinsider.com time to read: +2 min

To determine the tax burden, WalletHub looked at the percentage of a resident's income in each state that goes to sales and excise taxes, property taxes, and income taxes. Hawai'i was ranked as the worst state for middle-income earners, with 13.62% of earnings going to state taxes. Middle-income New Yorkers pay 12.58% of their income toward state taxes, and residents of Illinois pay 12.57%. 5) are in the top half in terms of the highest tax burden despite not having a state income tax. AdvertisementHere are the 10 states where middle-income residents pay the highest percentage of their income on state taxes.

Persons: —, WalletHub Organizations: Service, Business, Hawai'i, Washington Locations: Alaska, York, Illinois, Tennessee, Texas, Washington, New Hampshire, Wyoming, South Dakota, Nevada, Florida

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