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Personal saving

Recession indicator may be ‘broken odometer’ for economy, says expert

by Adrian Jhonsan
Recession indicator may be ‘broken odometer’ for economy, says expert

Westend61 | Westend61 | Getty Images Experts have been pointing to a coming downturn for the U.S. economy. The question was when. Now, however, some firms and experts are walking …

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SEC delays decision on spot bitcoin exchange-traded funds

by Adrian Jhonsan
SEC delays decision on spot bitcoin exchange-traded funds

Bitcoin. Umit Turhan Coskun | Nurphoto | Getty Images Even as the U.S. Securities and Exchange Commission delays a decision on several applications for the first spot bitcoin exchange-traded fund, …

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IRS delays ‘Secure 2.0’ change for 401(k) catch-up contributions

by Adrian Jhonsan
IRS delays ‘Secure 2.0’ change for 401(k) catch-up contributions

Terry Vine | Getty Images Higher earners who maximize retirement savings now have more time for pretax catch-up 401(k) contributions, thanks to new IRS guidance.  Currently, “catch-up contributions” allow savers …

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Even millionaires are feeling financially insecure, report finds

by Adrian Jhonsan
Even millionaires are feeling financially insecure, report finds

Earning a good salary is one thing, feeling “rich” is another. Even doctors, lawyers and other highly paid professionals — also referred to as the “regular rich” — who benefit …

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How to pay for a wedding without borrowing money

by Adrian Jhonsan
How to pay for a wedding without borrowing money

Peter Dazeley | The Image Bank | Getty Images The price of getting married has ballooned amid sticky inflation, and some couples are footing the bill with personal loans — …

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Here’s why Americans can’t stop living paycheck to paycheck

by Adrian Jhonsan
Here’s why Americans can’t stop living paycheck to paycheck

For many Americans, payday can’t come soon enough. As of June, 61% of adults are living paycheck to paycheck, according to a LendingClub report. In other words, they rely on …

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Gen Z, millennial couples say marriage too expensive in this economy

by Adrian Jhonsan
Gen Z, millennial couples say marriage too expensive in this economy

Peopleimages | Istock | Getty Images While many young couples may hope to tie the knot one day, some are spooked by high costs.  Some three-quarters, or 75%, of Gen Z …

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401(k) hardship withdrawals are rising in 2023, reports find

by Adrian Jhonsan
401(k) hardship withdrawals are rising in 2023, reports find

After falling sharply last year, retirement account balances are bouncing back in 2023 — but there are still signs of trouble. Helped in part by improved market conditions, retirement account …

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Rather than a recession, we could be in a ‘richcession’ instead

by Adrian Jhonsan
Rather than a recession, we could be in a ‘richcession’ instead

A ‘richcession’ may be underway “In most recessions, unemployment rises more for lower-income groups,” said Tomas Philipson, a professor of public policy studies at the University of Chicago and former …

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Categories World

3 things to know about retirement benefits

by Adrian Jhonsan
3 things to know about retirement benefits

President Franklin D. Roosevelt signs the Social Security Act into law on Aug. 14, 1935. FPG | Archive Photos | Getty Images Social Security has reached a milestone — its …

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