Financial pressures pushed more savers to tap their retirement accounts in the first part of 2026, new data shows — potentially locking in losses during the early weeks of the Iran war. Amid severe market volatility earlier this year, the average 401(k) balance fell by 4% to $141,000, according to first-quarter data released Thursday from Fidelity Investments, the …
The so-called “K-shaped economy” is now linked to “a remarkable increase in food insecurity,” according to a new blog post by the Federal Reserve Bank of New York. Large segments of the population are facing high levels of financial strain, according to a post published on Wednesday, based on data from the Survey of Consumer Expectations. Among this …
Employment has been rising over the past few years for a growing group of Americans — people with disabilities. Yet millions of workers are leaving money on the table, experts say, because they are unaware of a key financial resource designed for people with disabilities known as an Achieving a Better Life Experience, or ABLE, …
A construction worker works at a new house being built in Alhambra, California, on March 19, 2026. Frederic J. Brown | Afp | Getty Images Homeowners insurance costs have been rising fast in the U.S. — and policyholders are taking notice. About 71% of homeowners said the cost of their homeowners insurance has increased over …
Patricio Nahuelhual | Moment | Getty Images At risk of stating the obvious: Boosting one’s savings rate is among the best ways to improve a household’s retirement prospects. Doing so increases the size of the financial war chest one can deploy in old age. But there’s another, somewhat hidden benefit to saving a larger share …
Inflation concerns are spilling into “date-flation” discussions online, as social media users react to a surprising stat: Millennials spend $252, on average, for a date. The figure, which CNBC reported on in April, comes from BMO Financial Group’s 2026 BMO Real Financial Progress Index. The average “all-in” spend on a date in America — including pre-date …
Ryanjlane | E+ | Getty Images President Donald Trump is changing the way Americans can save through the creation of new investment accounts. Soon-to-launch Trump Accounts will provide an initial $1,000 deposit to U.S. children who have a Social Security number and who were born between 2025 and 2028. By the time those children turn …
President Donald Trump onstage at the Treasury Department’s Trump Accounts Summit, in Washington, Jan. 28, 2026. Kevin Lamarque | Reuters Starting in July, Trump Accounts will give parents a new option to save and invest for their children’s future. But other tax-advantaged savings and investment vehicles already exist — and are often underutilized. For example, only …
A sign for the Senior Community Service Employment Program at the AARP Foundation in Harrisburg, Pennsylvania, May 18, 2017. Laurie Kellman | AP Ronald Williams was unemployed when a friend recommended a local jobs program for older workers. After he completed training with Goodwill in 2024, Williams quickly landed a job as a custodian — …
Peter Cade | Photodisc | Getty Images Many retirees worry about how threats like inflation, living longer or market volatility could impact their nest egg. But one risk — higher expenses, including taxes after a spouse dies — could be less costly than expected, according to certified financial planner Cody Garrett, founder of Measure Twice …