It may seem like student loans and millennials are inextricably linked. But a new survey shows that education bills are not the leading source of debt among this generation. Millennials (defined here as ages 23 to 38) have racked...
Most people don't know how much they need to save for retirement, but many are pretty certain they're not saving enough. Finding extra cash to save toward retirement isn't always easy, and it often seems like you need to set aside hundreds or...
Adults in the U.S. over the age of 18 say they have an average of $29,800 in personal debt (not including mortgages), and 15% of Americans say they think they will be in debt for the rest of their lives.
As the Federal Reserve lowers rates, it’s a good idea to make sure your savings are still getting the biggest boost. The central bank cut its benchmark short-term interest rate by a quarter of a point. In July, the...
The Federal Reserve’s decision to cut interest rates by a quarter point for the second time in a decade is a double-edged sword for many Americans. On the one hand, the Federal Open Market Committee and Chairman Jerome Powell...
Climate change. Wars. Overworking. Unnecessary meetings. And just flat out being broke. These are some of the reasons why millennials aren’t planning for much of a retirement. Twitter TWTR, +1.12% erupted with suggestions as to how this young generation...
Saving for the future and planning for retirement can be extremely daunting. You might feel frozen and unable to do everything you want to improve your situation. However, taking advantage of simple financial strategies today (e.g., automating your savings, cutting current expenses...
What goes up usually comes down. Nowhere is that more clear than in the stock market. Like nearly anything else in life — from parenthood to picnics — investing in stocks isn’t always a day at...
Millennials carry an average of $27,900 in debt, not including mortgages, according to new data released today by Northwestern Mutual. Gen Z, the oldest of whom are now 22 years old, have an average debt of $14,700. Having sizable...
There are only three numbers that factor into your ability to retire early, and none of them is your salary. That’s according to Rob Berger, a deputy editor at Forbes and the author of the new book “Retire Before...
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