The poverty rate is on the rise for older Americans
Poverty among Americans age 65 and older rose for the fifth consecutive year and has jumped roughly 45% since 2019 — the highest rate of any age group, an AARP…
Caregiving for kids and parents: The financial squeeze on millennials
Millions of Americans like Mayo are torn by the daily demands of raising children while supporting an aging or disabled family member, both financially and with physical care.
Social Security COLA is likely to increase in 2027. So could the push to change it.
If the projection sticks, the 2027 COLA will be the highest in four years — but still not enough for millions of retirees to keep up with rising food, energy,…
Fall travel looks more expensive this year. But there are deals.
While airfares typically drop by up to 20% after summer and leading up to the Thanksgiving holiday, this year's average fall fares are mostly higher.
Gen Z switches retirement saving for sports betting
More than half of Gen Z adults ages 18 to 29 put money they had intended to invest for retirement into sports betting over the past year, according to a…
How caregiving can take a toll on retirement savings
People who are caregivers for an aging parent, spouse, or other family member, face greater financial strain, lower retirement confidence, and more worry about the future — and millions of…
Will airfares come down soon?
Now fuel costs are drifting downward, but that doesn't mean airfares will follow in any meaningful way soon.
SpaceX IPO is coming to your 401(k). Should you be concerned?
Elon Musk’s SpaceX (SPCX) went go public on June 12, splashing into the market at a targeted valuation of nearly $1.8 trillion. If you’re investing in a 401(k) for retirement…
Fidelity opens the door for small investors to get in on SpaceX IPO
Fidelity reduced the minimum account balance requirement for its customers to invest in SpaceX to just $2,000. The previous balance required was $100,000 or $500,000, depending on the IPO.
As airfares soar, cruise lines are on board with summer deals
AAA projects 21.7 million Americans will take ocean cruises this year, up from 14.2 million in 2019. The Caribbean is a popular destination, and summer deals are noteworthy, according to…