Millions may feel the squeeze sooner than expected, but planning ahead can soften the blow.
The latest report from the Social Security Board of Trustees warns that the trust fund supporting retirement benefits could be depleted by 2033, TheStreet reports. That’s just eight years away. While the timeline hasn’t changed from last year’s prediction, troubling new details make planning your financial future more urgent than ever. According to the June 18 annual report from the Trustees…
High rates and tight supply require a smarter strategy this summer.
The housing market delivered a mixed update that could affect your next move. According to the National Association of Realtors (NAR), May data showed: This stubborn mix of rising prices and sluggish sales creates a market that can feel both challenging and full of opportunity, depending on whether you’re buying or selling. The main driver behind this trend is basic supply and demand.
New PBS data shows what’s driving inflated grocery bills — and what shoppers can do to fight back.
Many consumers are seeing it at checkout: the weekly bill keeps rising, even for the same staples. According to the Labor Department, grocery prices rose 0.3% in May alone and are up 2.2% compared to a year ago, reported by PBS. Although a 2.2% annual increase may appear modest, the impact accumulates over time. For example, a weekly grocery bill of $150 last year now totals approximately…
Cut the cord, not the news. Streaming solutions for your favorite channels.
Advertising Disclosure: When you buy something by clicking links within this article, we may earn a small commission, but it never affects the products or services we recommend. Many Americans are dropping cable TV in favor of streaming, but they still want access to familiar news channels. Cutting the cord used to mean giving up live cable news entirely, but that is no longer the case. CNN…
Get smarter about Social Security, 401(k)s, and long-term planning with advice that could change your retirement math.
If you’re counting on Social Security and your 401(k) to carry you through later life, Jean Chatzky has some sobering news, according to TheStreet. The former financial editor for NBC’s Today show, now with AARP, warns that many Americans risk draining their savings too soon — and relying solely on old strategies may not be enough anymore, TheStreet reveals. Her message is timely.
New McKinsey & Company research reveals who’s cutting back and who’s holding steady.
Many U.S. families are tightening their budgets as new tariffs and ongoing inflation strain their finances. Recent research from McKinsey’s ConsumerWise team shows that after a sharp decline in economic sentiment this spring, more people plan to change how they spend — even before higher prices take effect. According to McKinsey, 43% of consumers list inflation as their biggest worry…
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