We often read that Americans spend too much and don’t save enough, so any news that U.S. adults are cutting back on purchases is a much-needed breath of fresh air. And apparently, one-third of Americans managed to reduce their spending this past year, according to a survey by CNBC and financial app Acorns in partnership […]
How much did you know about investing when you were thirteen? About 30% of adults under the age of 45 have a relatively low level of financial literacy, according to a survey conducted by the TIAA Institute. Tim Sheehan, CEO and co-founder of family finance app Greenlight, joined Yahoo Finance’s the Final Round to discuss […]
Researchers tell us that most people would be better off waiting to claim Social Security Opens a New Window. benefits. Yet most people file early Opens a New Window. . More than half apply for Social Security before they reach full retirement Opens a New Window. age, which is currently 66 and rising to 67 […]
A lot of personal finance advice gets caught up in the little things—the cup of coffee you buy in the morning for $3. The streaming music subscription for $9.99 per month. Cut out these small expenses and clutch those dollar bills and you’ll save thousands of dollars each year. But of course it’s not that […]
It’s getting harder to generate a good return on your cash. An analysis of Federal Deposit Insurance Corp. data by behavioral economics consulting firm Analyticom found that rates for certificates of deposits (CDs) are falling across the board for the first time in five years. Long-term CD rates began falling in January, Analyticom founder Dan […]
After years of hard work, many Americans look to kick back and enjoy their golden years. However, there are dozens of habits that can impact the different ways people save for retirement — some good, others bad. Financial expert Chris Hogan told FOX Business that “retirement is not an age; it’s a financial number.” So […]
Take a bow, skinny soy latte. Your time as budget-crusher is up. Unconscious spending is the next Starbucks-like personal finance cliché, says Chris Kampitsis, a certified financial planner at the Barnum Financial Group in Elmsford, New York. “An overuse or overreliance on subscriptions, everything from Netflix to different delivery services, like monthly boxes, all adds […]
Physical health is a major focus for seniors as they get older. What about their financial health Opens a New Window. ? The National Council on Aging Opens a New Window. said while likely under-reported, the cost estimates of elder financial abuse and fraud Opens a New Window. range from $2.9 billion to $36.5 billion […]
A friend recently texted me that she had spent her entire weekend obsessing over money. “I don’t know what kind of life I want to live, or what I want to save for, or even IF I want to have a car/home/retire,” she wrote. “But I want to be as financially set and SAVVY as […]
Are you a worker worried you won’t have enough money to retire? Are you an employer who doesn’t offer either a pension or a 401(k) to your workers? If so, CalSavers is aimed at you. On July 1, California launches an ambitious state-sponsored retirement program for the private sector. All employers with five or more […]
If you’re heading down the aisle this year, your tax situation is likely the last thing on your mind. Yet at some point, it’s probably worthwhile evaluating what getting married will mean for your taxes. While many couples will see their taxes drop, some face a “marriage penalty” — paying more than if they had […]
As America marks the 10th anniversary of the end of the Great Recession in June, a new Bankrate survey Opens a New Window. finds that more than 1 in 5 (22%) Americans who were adults when the recession started in December 2007 say their retirement savings are worse now than they were before it hit. […]
