The most widely-cited measure of inflation is the Consumer Price Index (CPI) for all urban consumers. This measure generally has been declining since it peaked in the early 1980s. In recent years, with the exception of a few months it has been...
Proposed Social Security cuts come in many forms — some of which are disguised as no cuts at all but amount to the same thing. That’s the case with proposals to raise the full retirement age for collecting benefits, which has the backing of more than 170 members of...
As inflation pushes prices on everything from food to gasoline higher, your emergency cash could be in danger of losing value.
Persistently low interest rates likely will not keep pace with surging costs.
Rapid inflation may...
No one lives forever. So why, 18 years into retirement, have individuals generally spent only 20% of their nest egg? Why, if people want to conserve their assets, do nearly half of Americans take Social Security benefits at the earliest possible age...
Americans have, on average, six-figure balances in their retirement accounts.
Fidelity Investments’ Q2 2023 retirement analysis reveals that the average balances in Americans’ IRAs, 401(k)s and 403(b)s have hit $113,800, $112,400 and $102,400, respectively, — each one...
Before taking on a side hustle, make sure it's the right time.
When your earnings don't entirely cover the bills, you might consider taking on a side hustle. And sometimes, starting your own side business is the right decision....
Although you may know it’s not healthy to constantly try to keep up with the Joneses, it’s human nature to want to see where you stand in comparison to your peers — and it’s no different when it comes to saving for...
People following early retirement plans like the popular Financial Independence, Retire Early (FIRE) approach have a new ally in their arsenal — ChatGPT.
The leading artificial intelligence (AI) language model gives people an array of personalized tools...
Saving money will give you security and freedom, particularly in the present time when life appears to be uncertain. In the contemporary world, money opens doors to many beautiful pathways. But at the same time, saving money is one of the essential...
LIVING COMFORTABLY during your retirement years doesn’t necessarily mean harsh sacrifices while working or earning seven figures for decades. Retirees who have enough to live well tend to credit years of good financial habits. “It is important to plan properly, know your goal and...
