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Optimism About Money Has Grown Since the Pandemic, Survey Shows

CPA Practice

The percentage of respondents expecting to be financially the same or better off 12 months from now is 76.5%, its highest level since September 2021,” according to the January Survey of Consumer Expectations , released this week by the Federal Reserve Bank of New York’s Center for Microeconomic Data. in December.

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Wealth Disparity Gap Has Widened in the U.S. Post-Pandemic, Study Finds

CPA Practice

According to a recent Pew Research Center study , which used data from the Census Bureau’s 2020, 2021, and 2022 Surveys of Income and Program Participation, households with more wealth saw an increase in wealth of about $57,800 from 2019 to 2021. Richer households added $172,000 to their net worth.

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Friday Footnotes: Accounting AI Explodes; SOX Compliance Sux; KPMG Gets on a List | 6.17.22

Going Concern

VCs Target AI Accounting Startups as Companies Look to Control Spending in Uncertain Economy [ Wall Street Journal ] It’s finally happening! million in funding for all of 2021, according to research provider PitchBook Data Inc. Let the robot takeover commence! This is effective as of June 2, 2022.

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