Personal finance

The first debate between Vice President Kamala Harris and former President Donald Trump is shown on television at the Juventud 2000 migrant shelter in Tijuana, Mexico, on Sept. 10, 2024. Immigration has been a hot topic throughout the presidential campaign. Carlos Moreno/NurPhoto via Getty Images The idea that immigration has a negative impact on the
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PeopleImages Progress toward narrowing the gender pay gap has mostly stalled, in part due to something researchers call the “gender promotion gap.” “Women have noticeably lower promotion rates compared to men in the same firm, in approximately the same position,” Kelly Shue, a professor of finance at Yale School of Management, said at CNBC’s Women &
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From putting your toddler children on your payroll to claiming your car as a business expense, TikTok is chock-full of potentially bad money advice. Yet, financial TikTok, also known as #FinTok, is one of the most popular sources for financial information and tips, particularly among Generation Z. Now, 27% of social media users say they have
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Catherine Mcqueen | Moment | Getty Images After years of higher yields on cash, the Federal Reserve’s shifting policy means lower future returns on savings, certificates of deposit and money market funds. Despite falling rates, investors should still keep emergency funds “liquid,” meaning the cash can be easily tapped, financial experts say. Advisors typically suggest
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By some measures, retirement savers, overall, are doing well. As of the second quarter of 2024, 401(k) and individual retirement account balances notched the third-highest averages on record, helped by better savings behaviors and positive market conditions, according to the latest data from Fidelity Investments, the nation’s largest provider of 401(k) savings plans. The number of 401(k)
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In this photo illustration a man looks at the post by Taylor Swift endorsing Democratic Presidential candidate Kamala Harris on the online social media and social networking site Instagram displayed on a smart phone on September 12, 2024 in Bath, England.  Matt Cardy | Getty Images News | Getty Images The stigma of the “childless
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Courtesy: Wojciechowski Family Real estate is a key puzzle piece in achieving the U.S.’ climate goals, according to federal officials. Residential and commercial buildings account for 31% of the nation’s greenhouse gas emissions, after accounting for “indirect” emissions like electricity use, according to the Environmental Protection Agency. That’s more than other economic sectors like transportation
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Jgi/jamie Grill | Tetra Images | Getty Images In January, experts said 2024 would be a “very good year for savers.” And it still is, despite the Federal Reserve’s recent 50 basis point rate cut, which will push record returns on cash lower. “Those rates aren’t going to go from awesome to awful overnight,” said
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The U.S. has experienced an unprecedented wealth boom. Yet, few Americans — including millionaires— feel confident about their financial standing. Only 12% of Americans consider themselves wealthy, according to a new report by Edelman Financial Engines. Despite their high net worth, just 33% of millionaires said the same, the report found. Edelman Financial Engines polled more than
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