Last year was the hottest year on record, causing many to seek the best central air solutions while suffering from the exceptional heat. While many people are becoming more conscious of their energy efficiency, the bad news is that last year’s heat wasn’t a fluke: it was the result of climate change caused by the […]
Looking for a high-yield savings account? According to Motley Fool’s The Ascent, your best option right now might be SoFi, an online bank founded by Stanford business students. In The Ascent’s May report on high-yield savings, SoFi offers annual interest rates up to 4.6%. WalletHub’s top pick is My Banking Direct, an online subsidiary of […]
A benefit that not all United States citizens are aware of can grant up to $943 to eligible Social Security beneficiaries. And there are only two requirements we must meet if we want to obtain this extra payment. Likewise, it is also worth noting that many Americans who are eligible to get this benefit do not apply for […]
If you have a Social Security benefit and have not yet gotten it in May, the United States Government may be sending it to you very soon. The day of benefit collection is different for each retiree, as it depends on several factors. Considering that there are four different groups of retirees in total, we […]
Between mass layoffs and talk of a potential recession, one thing remains certain: It’s never too late to start saving for the unexpected. Inflation has stuck around, with the Consumer Price Index rising 3.4% in 2023 according to data from the Bureau of Labor Statistics (BLS). The rising cost of goods means paying more for the same and can take a bite […]
The climbing age of the world’s population is putting increasing pressure on governments—especially those in Western countries, where the increases are more evident—to update their pension systems to match the demographic change. Countries like France have sought to ease the funding burden by raising the retirement age, despite sparking huge backlashes from voters. When the […]
Having a clear idea about the collection day of the monthly Social Security check in the United States is very important for Americans. In addition, it is also important to be fully aware of all the checks the Administration sends out each month. The more information we have about all the types of payments the Social […]
Social Security income is protected from inflation by annual cost-of-living adjustments (COLAs). Benefits got an 8.7% COLA last year and a 3.2% COLA this year, both above the 10-year average of 2.3%. But many Social Security beneficiaries are still feeling financial pressure in the current economic environment. The 2024 Retirement Confidence Survey (RCS) conducted by […]
Norfolk Southern-invested unions and pension funds should back activist Ancora’s full seven-director slate at the railroad’s shareholder meeting later this month, two different Institutional Shareholder Services proxy advisory services said. ISS’ Taft-Hartley Advisory Services and Social Advisory Services, which focus their recommendations on regulated unions and socially responsible investors, respectively said in their reports, which […]
Millennials may have ditched their “broke generation” stereotype. Household wealth among Americans under age 40 — which includes most millennials, who are currently ages 28 to 43, and some Gen Zers, who are currently in their teens and up to age 27 — grew by a whopping 49% between 2019 and 2023, according to a Center […]
While many Americans struggle to save for retirement, the top 1% amass significant nest eggs. This raises the question: How much do they save, and how does it compare to the national average? Data from DQYDJ, using Federal Reserve statistics, highlights that the average retirement age in the United States hovers around 60, with a […]
The amount Americans believe they will need to retire comfortably has increased faster than inflation, but what they are saving has dropped, a recent survey said. U.S. adults believe they will need at least $1.46 million to retire in style, according to a Northwestern Mutual survey. This figure is up 15% from the $1.27 million […]
