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One in four Americans have no idea if they'll get a tax refund this year, according to new research. <br/><br/>A survey of 2,000 U.S. adults looked at how many are thinking ahead when it comes to their taxes and found the percentage of those who aren’t sure if they’ll get a tax refund is up to 25% from 20% last year.<br/><br/>On the other hand, 43% anticipate getting a tax refund in 2024, slightly up from 40% last year.<br/><br/>The average respondent who thinks they will be getting a tax refund estimates that they’ll get back $2,023.50 this year, down from the average of $2,338.40 last year.<br/><br/>Conducted by OnePoll for Cricket Wireless, the annual tax time survey found that two in three Americans said that if they received a tax refund in 2024, they would use it in a more “mature” way than years past (67%).<br/><br/>Of those who anticipate a tax refund, three in five are relying on that extra income and 36% plan on saving it, compared to just 26% last year.<br/><br/>Half of those who have gone through a major life event like putting contributions into a retirement plan (17%) or getting a new job (11%) also said that they would use their tax refund to help financially support new changes.<br/><br/>However, a quarter of Americans admit to feeling stressed leading up to the tax deadline (28%).<br/><br/>What’s causing that stress? For many, it’s uncertainty over what to expect.<br/><br/>For instance, of those who experienced life changes over the past year, such as getting married or having a kid, only 38% knew that these events will affect their tax return.<br/><br/>Knowledge also plays a role in respondents’ uncertainty, as one in five couldn’t define common tax terms like “adjusted gross income,” “dependent” or “filing status.”<br/><br/>The economy is also a culprit for those who are less certain about their finances this year.<br/><br/>Only a third of Americans think the 2024 economy will be better than the previous year (34%), with 45% sharing that this perspective impacts their decision to spend or save their tax refund.<br/><br/>To combat this, a majority of respondents have done more budgeting (68%) and 44% have spent less money, overall.<br/><br/>“High inflation and an unpredictable economy make many Americans feel uncertain around tax season,” said Tony Mokry, chief marketing officer at Cricket Wireless. “For many, this is the only time of year that they receive a windfall and how they treat these funds oftentimes sets the tone for their year financially. We continue to encourage consumers to look for value where they can, particularly on recurring bills like phone plans.”<br/><br/>However, those surveyed are taking control of their finances, keeping track of them on their phone (51%).<br/><br/>While only half of respondents last year used a banking app (52%), that number is up to 92% of those who use finance apps today.<br/><br/>Mobile wallet (48%) and investing apps (42%) were also among the most common finance apps last year, and are still popular among respondents this year (66% and 39%, respectively).<br/><br/>Credit score management apps have also climbed in popularity (39%) and one in five have a tax filing app, too (18%).<br/><br/>To make use of their resources, nearly a quarter of those who own a smartphone will use it to file their taxes in 2024 (23%).<br/><br/>“It's reassuring to see that more people are using their phones to manage their finances,” said Tony Mokry, chief marketing officer at Cricket Wireless. “It's difficult to stay on top of it all, but having access at your fingertips takes the headache out of managing money, making it easier than ever to track your spending, budget effectively, and work towards your financial goals.”<br/><br/>Survey methodology:<br/>This random double-opt-in survey of 2,000 general population Americans was commissioned by Cricket Wireless between Jan. 11 and Jan. 16, 2024. It was conducted by market research company OnePoll, whose team members are members of the Market Research Society and have corporate membership to the American Association for Public Opinion Research (AAPOR) and the European Society for Opinion and Marketing Research (ESOMAR).
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More than four in 10 adults have gone at least three days without talking to another person face-to-face, according to research.<br/><br/>A study of 2,000 adults discovered 40 per cent have also experienced the feeling of being lonely – despite constantly being surrounded by other people. <br/><br/>Those aged 18-24 were found to suffer the most (60 per cent), with 38 per cent of women feeling this way compared to just 30 per cent of men. <br/><br/>It also emerged 28 per cent have felt lonely while at a social event, while a quarter of worker have felt alone at their job.<br/><br/>Despite this, 43 per cent believe bonding with someone through a shared experience would make them feel less alone.<br/><br/>The study was commissioned by dance fitness brand, Zumba, which has documented two people who have experienced loneliness as they took part in a class together for the first time.<br/><br/>A spokesperson said: “Loneliness can affect anybody, and our research has revealed that it is not exclusively linked with being physically alone.<br/><br/>“Despite having plenty of social contact, many people still experience feelings of loneliness, probably as a result of lacking real human connection.<br/><br/>“This connection can come from a shared experience, such as a group fitness class. <br/><br/>“It is no surprise that many friendships are formed in classes like ours, but what is less obvious and perhaps more powerful, is the positive effect of simply sharing the class experience for an hour with others whom you may not have formally met or spoken to.”<br/><br/>The study also found only 14 per cent ‘often’ talk to others about their feelings of loneliness, as 62 per cent believe there is a stigma around it. <br/><br/>But 35 per cent find it difficult to talk to or interact with new people, despite a fifth claiming to be sociable.<br/><br/>And 44 per cent believe that even with lots of friends, it is still possible to experience a feeling of loneliness.<br/><br/>Confidence, anxiety levels and sleep are the top things those polled, via OnePoll.com, feel are negatively impacted from being lonely. <br/><br/>While 42 per cent said their sleep worsens when they feel lonely, and 29 per cent see themselves as less attractive – with diet being affected for three in 10. <br/><br/>And 32 per cent would benefit from being part of a community or group with a third claiming a personal accomplishment would help reduce their feelings of loneliness.<br/><br/>Psychologist Anjula Mutanda, who has partnered with Zumba to help combat loneliness, said: “Human beings are by our very nature social beings and psychological research asserts that we need to belong, to relate to each other and feel connected to other people - this is how we survive and thrive. <br/><br/>“Therefore, feeling disconnected or cut-off from quality relationships with others, can negatively impact our mental and physical health – something which has been highlighted in the research. <br/><br/>“Experiencing loneliness can come in different forms and is uniquely felt by each of us.
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Law firms are a lucrative $400 billion market that has long been shielded from outside ownership. In search of fresh turf, buyout firms may soon be hunting among the gray flannel suits.<br/><br/>It's rough being a lawyer. And no, that’s not the set-up for a joke.<br/>Landing a job at a top-notch white-shoe law firm offers a mix of glamor, prestige, and a hefty paycheck. But that money often comes with a high cost to personal happiness.<br/><br/>On the flip side, going solo promises more control over your life and might even lead to actually enjoying your work. But there’s an under-discussed challenge with going it alone: figuring out an exit strategy when you’re ready to retire.<br/><br/>Several factors play into this, but one is unmistakable: the legal sector might just be the only field where private equity has yet to stake a claim. Lacking access to the deep pockets, operational expertise (and to some extent, a cutthroat, profit-first mentality), the industry lags. Unlike say medicine or dentists practices, law firms tend to be stubbornly set in their ways and, at the big firms at least, operated mostly for the benefit of partners whose concerns for the future may wane once they retire—if they ever do.<br/><br/>Brandon Kochkodin, a reporter for Forbes, joins “Forbes Talks” to discuss why law firms could be private equity’s next conquest.<br/><br/>0:00 Introduction<br/>0:18 Who Are Three Big Names Practicing Law Right Now<br/>2:43 The Challenges Of Selling A Law Firm As A Private Equity Gain<br/>5:00 The Key Factors That Hinder Growth In The Law Field<br/>6:19 About Lee Minkoff, Renovus Capital- Managing Director <br/>7:26 Why Private Equity In Law Firms May Not Be Favorable<br/>11:41 Colleges Interested In External Investments At Key Law Firms<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/brandonkochkodin/2024/02/26/why-law-firms-could-be-private-equitys-next-conquest/?sh=15ca39eb2f5c<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
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