One-Fifth of Investors 85 or Older Have Nearly All Their Money in Stocks: WSJ
Many older Americans are defying conventional wisdom by remaining heavily invested in the stock market instead of shifting to bonds to protect their nest eggs....
Paper Money Diehards Refuse to Fold: WSJ
Many businesses take payment only by card or phone, but a pro-cash movement is urging people to ‘Resist! Defy! Don’t comply!’ Source link...
They Can’t Even: A Generation Avoids Facing Its Finances: WSJ
Some tune out bank and credit-card balances, lose track of their spending and rack up debt. Average credit-card debt rose 29% to $5,800 in March...
Households Burn Through What’s Left of Their Pandemic Savings
The cushion of savings many built up during the pandemic is thinning out. In some households, it is already gone. Americans have spent down about...
The U.S. Consumer Is Starting to Freak Out
Listen to article (2 minutes) The engine of the U.S. economy—consumer spending—is starting to sputter. Retail purchases have fallen in three of the past four...
Inflation Takes Biggest Bite From Middle-Income Households
Listen to article (2 minutes) Inflation is often called a tax on the poor, but this time it’s hit middle-income households the hardest. Many low-income...
The 401(k) and IRA Changes to Consider After Congress Revised Many Retirement Laws
Markets Personal Finance New policies for retirement saving would go into effect immediately or in the New Year Source link...
For Landlords, Rising Housing Costs Make It Harder to Earn Passive Income
Listen to article (1 minute) Many Americans dream the path to building wealth is like a trip around the Monopoly board, buying up properties that...
Stressed-Out Americans Plan to Buy Fewer Christmas Gifts, Donate Less to Charity
Inflation is souring the holiday season, a crucial time when companies, charities and nonprofits typically collect their biggest haul of the year. “I can’t give...
More Homeowners Using Helocs as Financial Safety Net
As high interest rates drive up the cost of borrowing money, more people are tapping the equity in their homes. Americans took out $66 billion...