GaudiLab / Envato Moneywise and Yahoo Finance LLC may earn commission or revenue by linking to the content below. In 2022, the most recent year for which data is available, median retirement savings for Americans ages 55 to 64 was $185,000, according to the Federal Reserve (1). Let’s say you’re 63 with $390,000 in savings. … Read more
00:00 scratch We have some breaking news breaking the wire right now. We have PCE, personal consumption expenditures in line with estimates. This is for September, remember, so it’s up 3/10 of 1% month-over-month, 2.8% year-over-year. If you strip out volatile food and energy costs, you’ll get a 2/10 percent increase again, right in line … Read more
Moneywise and Yahoo Finance LLC may earn commission or revenue by linking to the content below. The housing crash of 2008 was brutal—home values plummeted, millions of Americans were forced into foreclosure, and trillions in household wealth evaporated. Now real estate analyst Melody Wright is warning that the next recession could be even worse. In … Read more
Learn to love your coins. That’s the message from Kevin McColly, CEO of Coinstar, the company behind those coin-operated machines you see in supermarkets. American consumers made only 16% of their payments in cash in 2023, according to the Federal Reserve. A 2022 Pew survey found that two-fifths of consumers never use cash. More: The … Read more