The recent surge in inflation has had a significant impact on retirees and near-retirees, causing many individuals to reconsider their retirement plans. Research from Prudential Financial reveals that a substantial number of 55 and 65-year-olds are facing challenges due to the rise in price growth. According to the survey, 43% of 65-year-olds have postponed their
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The ongoing problems with the new Free Application for Federal Student Aid (FAFSA) have caused a significant delay in financial aid award letters for college students. This delay has even prevented many high school seniors and their families from applying for aid altogether. According to the National College Attainment Network, as of June 14, only
When couples face financial stress, the most effective approach is to have open and honest conversations about their money issues. However, a study conducted by Cornell University suggests that this is not always the case. Research co-author Emily Garbinsky, an associate professor at Cornell, notes that when individuals feel stressed about their finances, they are
Savings rates for 401(k) plans have reached record highs in recent years, as both Vanguard and Fidelity reports indicate. In 2023, the average combined savings rate was estimated at 11.7%, matching a record high from 2022. Additionally, a separate Fidelity report found a combined rate of 14.2% for the first quarter of 2024, based on
Ferrari, a brand synonymous with luxury, speed, and power, is taking a bold step into the future with the development of an all-electric model. The CEO of Ferrari, Benedetto Vigna, has expressed his excitement about this new venture, highlighting that the electric Ferrari retains the driving traits and emotional experience that define the brand. Despite
Target’s recent decision to partner with Shopify in order to add new and trendier brands to its website has raised eyebrows in the retail industry. This strategy, which involves companies that work with Shopify applying to join Target Plus, the retailer’s third-party marketplace, has the potential to reshape Target’s online presence. However, a critical analysis
In the ever-changing landscape of the U.S. stock market, two significant factors are currently influencing investor sentiment: the debate over the Federal Reserve’s interest rate decisions and the hype surrounding artificial intelligence technologies. Amidst this backdrop of uncertainty, Wall Street analysts are honing in on stocks with solid fundamentals and promising long-term growth outlooks. A
The NBC News Home Buyer Index recently highlighted the counties in the U.S. that are deemed the least challenging places to purchase a home. When considering the index rank, Iroquois County, Illinois stands out as the least difficult market to buy a home. The ranking is based on four contributing factors: cost, competition, scarcity, and
The latest trend on TikTok for building wealth is the “no-spend month,” where users are encouraged to refrain from making non-essential purchases for a specified period. While this challenge may seem like a good way to save money and break the habit of overspending, there are some factors to consider before diving in. The “no-spend”
The National Association of Home Builders reports that there is a significant increase in the construction of single-family homes built for rent in the U.S. This rise is a direct response to the housing affordability crisis that is currently impacting many individuals. According to experts such as Robert Dietz, the chief economist at the NAHB,