Savings
More people trying 'no-buy year' trend to save thousands of dollars
A Tiktok trend is encouraging people to save more money. It’s called the ‘no-buy year.’ The rules are simple. Make a list of the non-essential items…
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Survey points to significant layoffs in 2023 – Here’s how to safeguard your finances from a job loss
Sixty-one percent of U.S. companies said they plan to lay off employees in 2023 and are likely to pause hiring…
Rising inflation pushed Americans to pick between paying their bills or saving for the future: Allianz
Inflation and rising costs are why many Americans said they focused on paying bills rather than saving for the future,…
Americans with poor longevity literacy at greater risk of outliving retirement savings: Survey
Many Americans lack a basic understanding of how long they tend to live in retirement and may be at risk…
401(k) hardship withdrawals rise as increased cost of living challenges retirement savings: report
The number of Americans who tapped their 401(k) savings to cover financial emergencies increased in 2022, according to a recent…
Inflation, recession fears dampen financial health outlook for many: survey
Inflation and rising costs are why 33% of Americans said they were struggling to get by or were in trouble…
Most seniors say the US is suffering a retirement crisis and many are struggling to save: Survey
Most seniors (89%) are worried that the U.S. is in the grip of a retirement crisis and nearly half said…
Americans may deplete more than half their pandemic era savings by end of 2023: Goldman Sachs
After having collectively saved trillions during the COVID-19 pandemic, Americans are seeing inflation and other factors eating into their savings. …
Household bills cost Americans 42% of their salary: survey
Household bills cost Americans an average of $29,459 per year or roughly 42% of the average take-home income, a recent…
Self-directed retirement plan balances increased in Q4: report
The average account balance for self-directed 401(k)s grew to $280,099 for the fourth quarter of 2022, up by 2.45% from…
Texas woman pays off $70K in debt in just two years by ‘cash stuffing’
The challenge of paying off thousands of dollars of debt can be daunting for many Americans. One Texas woman paid…