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Personal Finance

“Americans think they will need nearly $1.3 million to retire comfortably, study says…”

June 26, 2023

“When it comes to how much they will need to comfortably retire, Americans have a “magic number” in mind — $1.27 million, according to new research from Northwestern Mutual. That’s up from $1.25 million last year, the financial services firm found, based on… Continue Reading…

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Banking

“Credit Suisse whistleblowers say Swiss bank has been helping wealthy Americans dodge U.S. taxes for years”

March 29, 2023

“Credit Suisse, the collapsed Swiss bank taken over by UBS Group in a hastily arranged bailout earlier this month, may bring with it a fresh set of regulatory and legal problems for its new owner. For years, the bank has… Continue Reading…

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Economy

“‘I expect a tsunami of shutoffs’: 20 million American households are behind an average of $788 on their utility bills…”

December 6, 2022

“…According to the National Energy Assistance Directors Association (NEADA), roughly 20 million households in the U.S. — one out of six homes — are behind on their utility bills. As of August, these families owe about $16.1 billion in total,… Continue Reading…

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Economy, Personal Finance

“66% of American workers are worse off financially than a year ago due to inflation, report finds”

October 19, 2022

“…As inflation pressures continue, two-thirds of working adults said they are worse off financially than they were a year ago, according to a recent report by Salary Finance. To make ends meet, many are dipping into their cash reserves or going into debt.… Continue Reading…

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Personal Finance

“42% of Americans say money negatively impacts their mental health…”

October 11, 2022

“…42% of U.S adults say money is negatively impacting their mental health, according to a recent survey from Bankrate and Psych Central. The survey polled 2,457 adults about how finances affect their mental state. Feeling stressed is the top response to finances, according… Continue Reading…

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Stocks

“Dow futures fall as the British pound hits record low against the dollar”

September 26, 2022

“…Dow Jones Industrial Average futures fell 78 points, or 0.3%, off the lows of the morning. S&P 500 futures shed 0.3%. Nasdaq 100 futures lost 0.1%. The British pound dropped to a record low on Monday against the U.S. dollar. Sterling at… Continue Reading…

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Personal Finance

“Here’s how America’s millionaires are positioning themselves for a recession ⁠— if you’re doing something different, you might want to think twice”

July 1, 2022

“…1. Mostly nothing — for now Sometimes the hardest thing to do is nothing. But when the market bottoms out, knee-jerk reactions like immediately selling off investments are often the worst thing you can do… 2. Mixing it up when… Continue Reading…

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Economy

“Two-thirds of Americans live paycheck to paycheck as inflation continues to climb”

May 12, 2022

“Inflation is showing no signs of slowing down, making it harder for workers to make ends meet. The Consumer Price Index increased 8.3% from a year ago, higher than the 8.1% estimate, according to the U.S. Bureau of Statistics… Food prices… Continue Reading…

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Economy

“A Record Number Of Americans Just Quit Their Job, As Job Openings Surpass Unemployed Workers By A Record 5.6 Million”

May 4, 2022

“…Last month, the BLS reported that the US job market was plagued by a near record 11.27 million job openings. Then moments ago, the BLS published its latest, March JOLTS report according to which job openings just hit a new all time high 11.549… Continue Reading…

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Economy

“20% of Americans couldn’t pay their energy bill in the last year. How to keep costs down”

December 23, 2021

“…In the last year, about 20% of Americans struggled to pay their energy bill in full at least once, according to a study by Help Advisor. At the same time, 18% kept their house at a temperature that was either… Continue Reading…

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