Personal finance

Peopleimages | Istock | Getty Images For many Americans, a comfortable retirement may feel out of reach. Retirement confidence has dropped significantly in 2023, marking the biggest decline since 2008 among both workers and retirees, according to a new report from the Employee Benefit Research Institute and Greenwald Research. Workers’ confidence dropped to 64% from

Consumers are sending mixed signals. For the most part, people are concerned about inflation and the direction of the U.S. economy. Consumer spending sank in March, according to Morning Consult. “Sticker shock” has taken a toll, the report found, with consumers more likely to walk away from a purchase because the price is too high. However, many

Series I bonds will offer a 4.3% interest rate through October, according to new rates issued by the U.S. Department of the Treasury on Friday. The new rate marks a decline from the 6.89% annual returns Series I bonds were offering for the six months ending in April. That record rate prompted higher demand for

FatCamera | E+ | Getty Images If you had a surprise tax bill this season, it’s not too soon to prepare for next year, financial experts say. As of April 14, the IRS processed nearly 76 million refunds, with an average payment of $2,840, which is 8.5% smaller than refunds at the same point last

Speaker of the House Kevin McCarthy, R-Calif., speaks to reporters in Statuary Hall in the U.S. Capitol after announcing his debt limit increase plan on the House floor on April 19, 2023. Bill Clark | CQ-Roll Call, Inc. | Getty Images As Republicans scramble to put together a plan to fix the nation’s debt limit,

JGI/Jamie Grill After years of relatively low yields, certificates of deposit, or CDs, have recently shelled out higher rates, following a series of interest rate hikes from the Federal Reserve. While there’s uncertainty around the Fed’s future moves and the direction of interest rates, experts say CD ladders may capture higher yields while offering flexibility.

Anastasija Vujic | Istock | Getty Images As the pace of hiring declines, teens in the market for summer jobs may also face a slightly slower market this year. However, those who want to work should be able to find opportunities, according to a new report. Teens are poised to see a gain of 1.1

Halfpoint Images | Moment | Getty Images Sales of electric cars are poised for a boom, spurred by factors such as federal policy, technological advances and environmental concerns. To that point, 41% of Americans are at least somewhat likely to buy an electric vehicle as their next car, according to a recent poll from the

WASHINGTON, DC – FEBRUARY 27: Student loan borrowers gather at Supreme Court the evening before the court hears two cases on student loan relief to state the relief is legal and needs to happen immediately on February 27, 2023 in Washington, DC. (Photo by Jemal Countess/Getty Images for We The 45 Million) Jemal Countess |

In this article MORN Follow your favorite stocksCREATE FREE ACCOUNT Edwin Tan | E+ | Getty Images Breakups are always hard. The relationship with your financial advisor is no different. But there are some telltale signs it’s probably time to call it quits, experts say. “When it comes down to it, it’s a business relationship,”

Sergey Mironov | Moment | Getty Images If you had a surprise tax bill this season or your refund was smaller than expected, it may be a good time to review your paycheck withholdings. The IRS collects taxes throughout the year, typically through paycheck withholdings for W-2 employees or quarterly estimated tax payments for self-employed

In this article AAPL Follow your favorite stocksCREATE FREE ACCOUNT Sdi Productions | E+ | Getty Images As a pandemic-era policy winds down, millions of people on Medicaid may lose their coverage — even though they remain eligible, advocates say. For the last three years, due to the Families First Coronavirus Response Act, states have been