personal savings

Report finds Americans suffering from 'recession fatigue'

Report finds Americans suffering from ‘recession fatigue’

A recession is a very real possibility. The hawkish stance could take its toll as the Fed aggressively raises rates to combat persistent inflation. The stock market decline has already cost American households more than $9 trillion in wealth. Federal Reserve Chairman Jerome Powell also warned that the central bank’s upcoming steps to deal with …

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Report finds Americans suffering from 'recession fatigue'

Americans are suffering from ‘recession fatigue’, report finds

A recession is a very real possibility. The hawkish stance could take its toll as the Fed aggressively raises rates to combat persistent inflation. The stock market decline has already cost American households more than $9 trillion in wealth. Federal Reserve Chairman Jerome Powell also warned that the central bank’s upcoming steps to deal with …

Americans are suffering from ‘recession fatigue’, report finds Read More »

56% of Americans believe the U.S. is already in recession.These 4 steps can help you protect your finances during a downturn

56% of Americans believe the U.S. is already in recession.These 4 steps can help you protect your finances during a downturn

It’s easy to get swayed by headlines and market declines when you’re not clear about your work goals. Amanda Wallace Head of Insurance at MassMutual Meanwhile, a MassMutual poll found that a majority of Americans (80%) are already concerned about how a recession will affect their day-to-day finances. The survey was conducted in August and …

56% of Americans believe the U.S. is already in recession.These 4 steps can help you protect your finances during a downturn Read More »

Bond yields surged as markets weighed the threat of a recession.What this means for your investment

Bond yields surged as markets weighed the threat of a recession.What this means for your investment

Hoxton/Sam Edwards | Getty Images Bond yields jumped this week after the U.S. Federal Reserve raised interest rates again sharply, warning of a market in trouble. The yield on the policy-sensitive 2-year Treasury note climbed to a 15-year high of 4.266% on Friday, while the benchmark 10-year Treasury yield hit 3.829%, the highest in 11 …

Bond yields surged as markets weighed the threat of a recession.What this means for your investment Read More »

Benchmark bond yields are "bad news" for investors as the Fed hikes rates by 0.75%.What this means for your portfolio

Benchmark bond yields are “bad news” for investors as the Fed hikes rates by 0.75%.What this means for your portfolio

Mossa Images | E+ | Getty Images Government bonds could signal trouble for the market as investors price in another 0.75 percentage point hike from the Federal Reserve. Ahead of the Fed news, the policy-sensitive two-year U.S. Treasury yield climbed to 4.006% on Wednesday, its highest level since October 2007, and the benchmark 10-year U.S. …

Benchmark bond yields are “bad news” for investors as the Fed hikes rates by 0.75%.What this means for your portfolio Read More »

Here's how persistently high inflation could affect your tax bracket for next year

Here’s how persistently high inflation could affect your tax bracket for next year

Jamie Grill | Getty Images As Americans grapple with skyrocketing prices, experts say we’re likely to see higher-than-usual IRS inflation adjustments for 2023 — covering tax brackets, 401(k) plan contribution limits and more. Kyle Pomerleau, a senior fellow at the American Enterprise Institute and a federal tax expert, said these annual IRS changes are built …

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Experts say America's retirement system gets a "C+" rating — even though it's worth $39 trillion.That's why

Experts say America’s retirement system gets a “C+” rating — even though it’s worth $39 trillion.That’s why

Siriporn Wongmanee/Eyeem | Eyes | Getty Images America’s retirement system may look advanced — but it ranks poorly compared to other developed nations. Americans have more than $39 trillion in wealth earmarked for retirement by the end of 2021, according to the Investment Company Institute. However, in various global retirement rankings by industry players such …

Experts say America’s retirement system gets a “C+” rating — even though it’s worth $39 trillion.That’s why Read More »

'It's time to tighten your belt' - how to save as food inflation jumps more than 11% in a year

‘It’s time to tighten your belt’ – how to save as food inflation jumps more than 11% in a year

Going to the grocery store isn’t cheap. Rising food costs pushed inflation higher again last month despite falling gasoline prices. The food index alone rose 11.4% over the past year, the biggest 12-month gain since May 1979, according to the latest CPI data. The Household Foods Index, which measures changes in grocery store prices, rose …

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2023 could see record Social Security cost-of-living adjustments, but it's not set in stone: 3 things to watch out for

2023 could see record Social Security cost-of-living adjustments, but it’s not set in stone: 3 things to watch out for

Klaus Wedefelt | Getty Images An 8.7% Social Security cost-of-living adjustment is likely in 2023, according to government inflation data released on Tuesday. The estimate comes from the Coalition for Seniors, a nonpartisan seniors group, which found that the increase would add $144.10 to the average monthly retirement benefit of $1,656. According to the Seniors …

2023 could see record Social Security cost-of-living adjustments, but it’s not set in stone: 3 things to watch out for Read More »

88% of investors are worried about inflation and interest rate hikes.As interest rates continue to rise, here's how to prepare your portfolio

88% of investors are worried about inflation and interest rate hikes.As interest rates continue to rise, here’s how to prepare your portfolio

Dowell | Moments | Getty Images After nearly eight months of market volatility, many investors remain concerned about rising interest rates and how those changes will affect their portfolios. Some 88% of investors are concerned about inflation and rising interest rates, according to a JPMorgan Wealth Management survey of more than 2,000 Americans with an …

88% of investors are worried about inflation and interest rate hikes.As interest rates continue to rise, here’s how to prepare your portfolio Read More »