Today: 17. May, 2024
The journey from academia to employment is fraught with challenges, particularly for the class of 2024, as they face a job market that has contracted slightly compared to previous years. According to a report by the National Association of Colleges and Employers…
In the latest report by the Social Security trustees, a nuanced picture emerges of the future of one of America’s cornerstone social programs. Released on Monday, the report indicates a slight improvement in the program’s financial outlook, with the combined funds now…
The Importance of Writing a Will Contemplating one’s mortality might not be an everyday concern, but writing will certainly warrant more attention than it typically receives. According to a study by the Center for Retirement Research at Boston College, only about one-third…
The term ‘spaving,’ a blend of spending and saving, highlights a peculiar financial behavior where Americans often spend more under the guise of saving more. This trend is notably pervasive across various consumer segments, driven by enticing offers such as “limited-time deals”…
As the Federal Reserve maintains its position on interest rates, Americans grapple with the financial pressure of high credit card APRs. Analyst Matt Schulz of LendingTree starkly notes, “If Americans want lower interest rates, they’re going to have to do it themselves.”…
Pioneering Financial Empowerment for Women In a society where discussing money remains taboo, many hesitate to voice their financial uncertainties, especially women. Recognizing the need to bridge this gap, Savvy Ladies, a nonprofit dedicated to women’s financial education, harnesses artificial intelligence to…
Navigating Uncertain Waters In the past year, American confidence in having sufficient retirement funds has plummeted, marking the largest decline since the global financial crisis. This unsettling trend continues as new findings by the Employees Benefit Research Institute and Greenwald Research highlight…
As the clock ticks down to the federal tax deadline, the Internal Revenue Service (IRS) is gearing up for an extraordinary surge in tax returns. With the deadline falling on April 15, IRS Commissioner Danny Werfel anticipates an unprecedented volume of submissions.…
In recent studies, Americans have expressed a significantly increased expectation for their retirement savings, believing they need about $1.46 million to live comfortably in retirement, a sharp rise from previous figures. According to new research from Northwestern Mutual, this number represents a…
Investors have been struggling with anxiety following a surprising inflation report last Wednesday, indicating a prolonged battle against high consumer prices. Despite the overall inflationary trend, specific sectors are experiencing a notable price drop, presenting a mixed economic landscape. Sarah House, a…
