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Average 401(k) and IRA balances reached record highs in the second quarter, though more workers are borrowing from or withdrawing from retirement accounts amid financial pressures.
More than half of workers lack sufficient emergency savings to cover a $500 expense, with 41% skipping necessary costs like medical care due to insufficient funds, according to recent survey data.
A call-blocking device company was fined £190,000 by UK regulators for making hundreds of thousands of nuisance calls to elderly people, the very customers it claimed to protect.
Dell Foundation begins distributing $250 grants to eligible Trump Account holders this week, with automatic deposits starting Monday, part of a program to encourage long-term savings for U.S. children.
College costs exceeding $100,000 annually have become increasingly unaffordable for American families, with only 12% viewing four-year degrees as accessible. Families are relying on a mix of scholarships, loans, savings, and employment to cover expenses.
Experts recommend delaying Social Security claims despite higher projected cost-of-living adjustments, as waiting until age 70 yields substantially larger monthly benefits and greater COLA increases over time.
