savings

More than half of U.S. adults could not pay a $2,000 emergency bill from savings, the Federal Reserve's latest survey data shows, shining a light on the fragility of family finances despite a strong labor market. What Happened: According to the survey of Household Economics and Decision-Making,...

In a recent interview, NBA legend Shaquille O’Neal shared his financial advice and money-saving tips. What Happened: The NBA superstar, who has amassed an estimated $700 million throughout his illustrious career, underscored the significance of saving. Shaq’s personal wallet includes a...

According to the latest survey from Forbes, more than one in four Americans have less than $1000 in savings, that's 28% of the population across all four generations. This year, at least 31% of the survey respondents plan to save between $2,501 and $5,000 — and they have the right idea because...

The stock market breathed a sigh of relief as Fed Chair Jerome Powell eased fears of interest rate hikes amid recent inflation surprises. The Fed now plans to hold rates steady longer to ensure inflation moves toward the central bank’s 2% target. In April, the labor market displayed some...

A New York-based mult-asset investing platform has an attractive annual percentage yield. What Happened: Public launched its secondary brokerage account, High-Yield Cash Account, to offer 5.1% APY (subject to change) with zero fees and no minimum balance requirements. Funds from the account will be...

With the festive season on the horizon, consumers are grappling with the dual realities of persistently high prices and the allure of increased savings. What Happened: The recent uptick in inflation has not eased the cost of goods significantly, while the Federal Reserve's decision to hike...

Vestwell is a holistic platform for accumulating and managing wealth, reshaping workplace savings and investing programs through a technology-based approach. What Happened: As part of a vision to better serve the small business market, Vestwell raised a $70 million Series C led by Wells Fargo...

As COVID-19 pandemic restrictions are being lifted in many major cities, concerts and sporting events are being booked and restaurants and bars are making comebacks. With all these opportunities for entertainment, it is tempting to do as much as you can to make up for the past year. Whether it...

Retirement planning experts roundly agree that you should have at least 30 years’ worth of retirement funds available to you. People are living longer, working later into their lives, and increasingly in need of expensive medical care as they age. Effective ways to stretch your retirement...

We all hear a lot about the importance of saving for retirement. And for many workers, access to a 401(k) plan is a key component in long-term planning. But there are some workplaces that don’t offer a 401(k). Instead, they may offer 403(b) plans. If you work for a nonprofit organization, a...

In recent months, there’s been a lot of press around the concept of FIRE, which stands for “financial independence, retire early.” At first glance, you might assume the movement is all about pinching your pennies for several years, working overtime, and then scrimping after you...

Americans are bad at saving money, but there is some encouraging news. Americans are feeling better about how much cash they're saving, according to a new Bankrate.com report. Although any improvement in sentiment is welcome, the fact remains that American consumers aren't putting away more...

Although frugal living is frequently touted as a life hack to save in a pinch, it doesn’t have to be a temporary life raft. Just because your financial situation is not restricted to living paycheck to paycheck, you can still take advantage of tips and tricks to save money. These savvy...

Countless Americans have no retirement savings; according to the Federal Reserve's 2014 Survey of Household Economics and Decisionmaking, the number of Americans who are planning to continue working past retirement can be assumed to be around 38 percent. Source: Federal Reserve, 2014 Report On...

Can you successfully retire on $1 million? That question has been picked up by the blogosphere recently, following a recent USA Today report that suggests $1 million still may not be enough to see most retirees through their “golden years.” The report by Rodney Brooks points to several factors...