Holiday sales to grow at slowest pace since 2018; inflation wipes out consumers’ savings
U.S. holiday sales are expected to grow at the slowest pace since 2018 amid concerns that persistent inflation will wipe out consumer savings, according to a new survey. Holiday retail sales are projected to grow 2.3% to 3.3% from November through January, totaling $1.6 trillion. According to Deloitte's annual holiday retail forecast. That's a far […]
How to boost America’s savings without adding to the national debt
With less than 100 days until the election, many questions remain about the future of our nation’s economy. Even in times of unprecedented political turmoil, most Americans The biggest source of stress is financial issues. It’s worth asking: What plans do the presidential candidates have to help Americans earn and save more? Unfortunately, they don’t say […]
4.3 million Americans exposed in massive health savings account data breach
Health Savings Account (HSA) provider HealthEquity experienced a massive data breach that put the information of over 4.3 million Americans at risk. The company, which specializes in offering HSAs, Flexible Spending Accounts (FSAs), Health Reimbursement Agreements (HRAs) and 401(k) retirement plans, confirmed that threat actors used compromised credentials of partners to steal sensitive health data. […]
Personalized meal delivery could be key to ‘substantial savings’ in health care costs, study suggests
Meal delivery could be key to cut costs Medical billsNutritionists claim. However, not just any diet will do. For patients with certain conditions that require special dietary requirements and interfere with their daily life, Medically tailored meals A study by the American Academy of Nutrition found that MTM could lead to “significant savings.” Based on […]
Seniors with $1 million in retirement savings could run out of money faster in these states, study finds
Seniors could be struggling in retirement, as a new study shows that even $1 million in retirement savings wouldn’t last long in some states. A survey published by personal finance site GoBankingRates Earlier this year, found, For example, seniors in California could exhaust their supply in about 12 years, 8 months and 5 days due […]
Bronx ‘money mule’ stole life savings from the elderly
A Bronx “money mule” was sentenced to prison Tuesday for scamming elderly victims out of their life’s savings, including a now-deceased woman who needed money to pay for treatment for a heart condition. Edward Rosario Canela, 48, was sentenced in a Hartford, Connecticut court to one year and one day in prison for conspiracy to […]
Disturbing new study reveals how long $1m in retirement savings would last in each US state – Daily Mail
An alarming new study reveals just how little people in each U.S. state have in retirement savings of $1 million. Personal Finance Site GOBanking Fees We analyzed data from each state to show how much you could live on a $1 million retirement income, given your annual expenses. The site took into account food, housing, […]
Stealing someone’s life savings from a bank isn’t hard – The Dallas Morning News
I had a hunch about the big banks: They would be much less likely to compensate customers who lost thousands of dollars to scammers posing as bankers. Two stories shared with Watchdog Nation in the same week about Chase Bank customers further strengthened my suspicions: one about a woman who lost $25,000, and another about […]
Women’s retirement savings lag men’s, raising prospect of retirement crisis: report
Ramsey Solutions personality Jade Warshaw breaks down how to make the most of your Social Security benefits and more on The Bottom Line. A potential retirement crisis is brewing among female retirees, with women saving roughly one-third as much as men, according to a survey released Monday by Prudential Financial. A survey of 905 American […]
Boomers live on Social Security, no retirement savings – Business Insider
Down icon An icon in the shape of a downward angle. Mary Dacus, 69, said she and her husband (not pictured) survive on Social Security benefits. Image source / Getty Images Mary Dacus, 69, struggles to afford basic necessities on her Social Security income. Inflation and limited income have forced Dacus and her husband to […]