Catherine Ziegler | Digital vision | Getty Images As inflation kept prices high in 2022, Social Security recipients can expect a record cost-of-living adjustment in 2023. “Your Social Security benefits will increase by 8.7% in 2023 due to an increase in the cost of living,” the Social Security Administration says in the annual statements it …
US households lost an estimated $6.8 trillion in wealth in the first three quarters of 2022 as the SPX stock market, -0.73% DJIA, -0.90% COMP, -0.70% has lost more than 25% of its value, the Federal Reserve reported Friday in the government’s quarterly financial accounts. Nominal net worth fell 4.6% to $143.3 trillion, as the …
Opinion: Household wealth plummets by $13.5 trillion, second-worst drop on record Read More »
His skin | E+ | Getty Images Thinking of retiring to another state? You’re not alone. A United Van Lines study found the percentage of people retiring to a new state rose to 18.3% in 2021 from 13.4% in 2015. However, making the move is not a simple decision, as there are a myriad of …
Here are some things to consider before deciding to retire in another state Read More »
New York CNN — Despite high inflation and recession fears, the holiday shopping season seems to be off to a good start. Black Friday and Cyber Monday sales were strong as Americans were lured by deep discounts. Although consumer spending is slowing, it remains surprisingly resilient. The problem, however, is that many Americans’ paychecks are …
TORONTO and MINNEAPOLIS, Dec. 09 10, 2022 (GLOBE NEWSWIRE) — Ceridian (NYSE: CDAY; TSX: CDAY), a global leader in human capital management (HCM) technology, today announced the results of a study revealing that 61% of employees North Americans are more stressed about their finances today than they were a year ago – and are experiencing …
Ceridian Study Finds North Americans’ Financial Stress Highest Since 2008 Read More »
As the end of the year approaches, it may be time to reassess your finances. This year has been marked by record inflation and multiple interest rate hikes. As the Fed attempts to rein in inflation by raising interest rates, there is a strong possibility that the economy will teeter into recession in the coming …
Here are 4 money moves you should make to set yourself up for financial success in 2023 Read More »
A smiling teacher reading an email on a computer in the classroom. Copy space. Skynesher | E+ | Getty Images In October 2021, the Biden administration announced a one-year opportunity for student borrowers seeking civil service loan forgiveness to get closer to the debt-free state. Signed into law by then-President George W. Bush in 2007, …
The investment information provided on this page is for educational purposes only. NerdWallet does not provide advisory or brokerage services, and does not recommend or advise investors to buy or sell particular stocks, securities or other investments. Most people no longer get a tax deduction when donating to charity. This shouldn’t stop you from donating, …
How to make the most of the new rules for charitable donations Read More »
Small-cap stocks are trading near a two-decade low against large-cap stocks. When the stock market rebounds next year, as many investment banking strategists expect, these smaller companies could outperform. Below is a screen of analyst favorite small cap stocks for 2023, taken from the S&P Small Cap 600 SML Index, that requires businesses to be …
OK, so a million dollars isn’t what it used to be. That’s the worry of a surprising number of American millionaires. At least that’s what fund management giant Natixis, which owns bond boutique Loomis Sayles, among other companies, reports. Natixis surveyed around 1,600 people with at least $1 million in “investable assets”. And just over …
Can you still retire with $1 million? That’s what today’s millionaires want to know. Read More »
