-
About 1 in 4 US adults 50 and older who aren't yet retired expect to never retire, AARP study finds
According to findings in an AARP survey that was released Wednesday. About 1 in 4 have no retirement savings. The research shows how a graying America is worrying more and more about how to make ends meet even as economists and policymakers say the U.S. economy has all but achieved a soft landing after two years of record inflation. The...
-
A $1 million wealth gap now divides white families from Black and Hispanic ones, research shows
The average wealth gap between white families and Black and Hispanic ones reached a new high in 2022, topping $1 million in household wealth, according to a new report.
-
FTC votes to ban noncompete clauses that bar employees from working for competitors
The FTC claims that noncompete agreements limit wage growth and increase prices for consumers.
-
Car insurance rates are nuts right now. Here's how to lower your bill when cash is tight
With costs up 22%, it may be time to take that defensive driving course online and bank the discount.
-
Baltimore bridge collapse could have ‘profound effect' on supply chain
The economic impact of Tuesday’s deadly bridge collapse in Baltimore could be widespread and far-reaching. Six people died after a container ship hit the Francis Scott Key bridge, sending it crumbling into the Patapsco River. The bodies of two victims were recovered Wednesday. The tragedy could have major consequences for the supply chain. At Subaru of New England’s parts...
-
Baltimore bridge collapse expected to impact supply chain
The deadly collapse of the Francis Scott Key bridge, hit by a container ship, could have wide-ranging effects across industries.
-
Home price growth is back at pre-pandemic levels. Here's what that means for buyers and sellers
While price growth is moderating and inventory is improving, overall housing costs remain high, experts say. Here’s what to expect.
-
The Federal Reserve may not cut interest rates just yet, here's what that means for your money
The Federal Reserve is not expected to start cutting interest rates just yet. Here’s what that means for your wallet.
-
The Body Shop shuts down in the U.S. after filing for bankruptcy
The chain has indicated it will shutter the 50 U.S. locations that had been operating.
-
What is ‘shrinkflation'?
The practice usually affects consumers at the grocery store. Here’s what it means.
-
A ‘cowboy ski town' where high earners can't afford a home faces a housing battle
In Steamboat, Colorado, along with other mountain towns and destination communities across the country, a pandemic-fueled real estate boom driven by remote workers, second-home buyers and short-term rental investors has caused home prices to nearly double.
-
‘Shrinkflation' is hurting consumers at the grocery store. A new bill aims to stop it
As inflation continues to plague shoppers at the grocery store, a new bill is looking to crack down on another practice – shrinkflation – that lawmakers say could be costing unwitting consumers even more. Shrinkflation is a term used to describe the practice of companies selling their products in similar packaging, but with less weight, volume, or quantity meaning the…
-
Macy's plans to close 150 locations
The retailer will close 50 locations by the end of the year and another 100 “unproductive” stores will follow. Macy’s plans to leave open 350 locations and focus on its luxury sale lines.
-
Consumers are increasingly winning in their fight against higher prices. Here's how
Inflation has changed the way many Americans shop. Now, those changes in consumer habits are helping bring down inflation.
-
I've lived in the Netherlands for 14 years—why we're always ranked one of the world's happiest countries
Happiness researcher Olga Mecking shares why “niksen,” the Dutch art of doing nothing, is one of the biggest reasons why people in the Netherlands are so happy and content.
-
Young adults are getting used to living on a financial cliff
Many young people came of age between two recessions, a pandemic and crushing student loan debt.
-
Some Americans have become saddled with credit card debt as rent and everyday prices remain high
Noticeable pockets of Americans — renters, lower and middle-income borrowers — are running up their credit cards balances, and increasing numbers are falling behind on their debts.
-
Federal Reserve's favored inflation gauge tumbles in November as prices continue to ease
The Federal Reserve’s preferred measure of prices fell last month, another sign that inflation is easing and that consumers should expect to see lower interest rates in 2024.
-
Driven by cheaper gas, cars and airfares, US inflation slowed in October
Tuesday’s report showed that prices either fell or rose only slowly across a broad range of goods and services, including gas, new and used cars, hotel rooms and housing.
-
Strong US economic growth for last quarter likely reflected consumers' resistance to Fed rate hikes
The government is expected to report stellar growth for the U.S. economy during the July-September quarter, highlighting the durability of consumer and business spending despite the Federal Reserve’s efforts to cool the expansion with high interest rates.