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Added on the 30/09/2020 12:14:37 - Copyright : Wochit
The rising interest of millennials in RVing has now started positively impacting sales and rental numbers. Business Insider reports a new survey from the RV Industry Association shows millennials are now more interested in buying an RV than any other age demographic. Business Insider reports a sales of Class B camper vans are particularly hot and has seen an exceptional increase in shipments. According to data from RV rental platform Outdoorsy, bookings made by the demographic spiked 70% from 2019 to 2020. The only age demographic that say an increase larger than the millennial spike in travel trailer purchases are Gen Zers. That group bought 26.24% more Thor Industries trailers in 2020 year-over-year as the younger generation matures into adulthood.
The IRS estimates that nearly 90% of US taxpayers take the standard deduction instead of itemizing. Under the new tax code, not itemizing made it virtually impossible to claim a tax deduction for contributions to charitable organizations. But according to Business Insider, the pandemic relief CARES Act has a provision incentivizing Americans to help others in need. It's an above-the-line charitable tax deduction. Beginning with 2020 tax returns, taxpayers can claim up to $300 in cash contributions made by December 31 to charity as a deduction without itemizing. The IRS says roughly 130 million American taxpayers could benefit by donating, as it reduces their taxable income.
Mexico, Nov 2 (EFE) (CAMERA: Government of Mexico) - Mexico ended the three-day national mourning decreed by President Andrés Manuel López Obrador in honor of the 91,895 people who died of COVID-19 in the country.
The coronavirus pandemic has made a fundamental change in the way Americans take vacations--at least for the time being. According to Business Insider, vacationers nervous about flying are taking to the road and are staying closer to home. The usual distance is about 100 miles away. They're also booking the same place multiple times, travelling just so they can work remotely from somewhere else as a change of pace. Roadtrippers are having a significant impact on the economy. There's been an uptick in retail sales for auto parts and sporting goods. Also, older millennials and Gen Xers entering the market for the first time, rather than retirees, are making up the bulk of the unprecedented demand for RVs.
Volunteers help with food donations at the Holy Trinity Lutheran Church in Minneapolis, Minnesota, where protests broke out after the death of George Floyd. Donations are to help those affected by recent violent unrest or hit by the COVID-19 pandemic. IMAGES
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