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Personal income

Why people don’t wait to claim Social Security and what experts say

by Adrian Jhonsan
Why people don’t wait to claim Social Security and what experts say

Alessandro Biascioli | Istock | Getty Images When it comes to claiming Social Security retirement benefits, experts agree it’s generally best to delay. Yet many people still claim early — …

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Lawmakers debate if child savings accounts may reduce wealth inequality

by Adrian Jhonsan
Lawmakers debate if child savings accounts may reduce wealth inequality

Urbazon | E+ | Getty Images An unequal distribution of wealth in the U.S. can make it so some children are behind from birth. Now lawmakers are considering whether federal …

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Categories World

Delaying Social Security even by months can boost retirement security

by Adrian Jhonsan
Delaying Social Security even by months can boost retirement security

Aj_watt | E+ | Getty Images A recent Social Security report showed a strong economy has helped the program. Still, Social Security’s trust funds may be depleted in the next …

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Women’s financial security worries and the 2024 presidential election

by Adrian Jhonsan
Women’s financial security worries and the 2024 presidential election

A voter casts her ballot in the Pennsylvania primary elections at the Rockledge Fire Company in Rockledge, Pennsylvania, May 17, 2022. Hannah Beier | Reuters Older women are the largest …

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Walmart bubble due to high-income grocery spending, warns Bill Simon

by Adrian Jhonsan
Walmart bubble due to high-income grocery spending, warns Bill Simon

Higher-income consumers may be creating a frothy situation at Walmart. Even though affluent shoppers helped drive the retailer’s latest beat on quarterly results, former Walmart U.S. CEO Bill Simon warns …

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Your financial advisor may not be giving good advice

by Adrian Jhonsan
Your financial advisor may not be giving good advice

Ascentxmedia | E+ | Getty Images Many people claim Social Security retirement benefits at the earliest possible claiming age of 62. But that decision prompts their monthly benefits to be …

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Categories World

29% of U.S. households have jobs but struggle to cover basic needs

by Adrian Jhonsan
29% of U.S. households have jobs but struggle to cover basic needs

Over time, higher costs and sluggish wage growth have left more Americans financially vulnerable — many are what’s known as “ALICEs.” Nearly 40 million families, or 29% of the population, …

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Americans worry changes to retirement system will upend their plans

by Adrian Jhonsan
Americans worry changes to retirement system will upend their plans

Viewstock | View Stock | Getty Images Last year, Americans’ confidence that they would have enough money to live comfortably in retirement fell the most since the global financial crisis. …

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Most retirees don’t delay Social Security benefits. Experts say it pays to wait

by Adrian Jhonsan
Most retirees don’t delay Social Security benefits. Experts say it pays to wait

Sporrer/Rupp | Image Source | Getty Images The largest and final cohort of the baby boom generation — 30.4 million Americans — will turn 65 by 2030. And more than …

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Categories World

Cash savers still have an opportunity to beat inflation. Here’s how

by Adrian Jhonsan
Cash savers still have an opportunity to beat inflation. Here’s how

Riska | E+ | Getty Images It may be a while longer before the Federal Reserve lowers interest rates, experts now say. That means savers can still earn the best …

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Categories World
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