More than a third of US adults haven't started saving for retirement, according to a recent survey from Bankrate. Retirement saving is a low priority for many Americans as the cost of living rises and more families live paycheck to paycheck.
The US economy shrank an unexpected 2.9 percent in the first three months of 2014, its worst performance in five years. Happily, experts see signs of a strong economic rebound for the rest of the year.
Twenty-six percent of Americans have no emergency savings of any kind, and a majority have less emergency saving than experts recommend, according to a study from Bankrate. Even as the rest of the economy improves, the US savings rate has been trending downward for decades.
Revelations that Russian hackers have stolen 1.2 billion user names and passwords are only the latest in a series of identity theft attacks that are causing US consumers to change their shopping habits. Some are scaling back online purchases, especially at stores known to have had a data breach.
The US economy added 209,000 jobs in July, fewer than analysts expected, and the unemployment rate ticked up to 6.2 percent. The July jobs report marked the sixth straight month of more than 200,000 added jobs, but their are signs that growth might be slowing.
Thirty-five percent of Americans with credit reports have debt in collections, according to the Urban Institute. The debt load may seem alarming, but it hasn't changed much in a decade.
Carlos Slim, Mexican telecoms tycoon and the world's richest man, says people should work three days a week, but not retire until they are in their seventies. Others, including Google co-founder Larry Page, share Carlos Slim's vision of shorter work weeks, but is it a serious option for companies and workers?
A giant inflatable rubber duck floats past the USS Iowa battleship at the Port of Los Angeles. The world-famous sculpture sailed into the port for the first time to kick off the Tall Ships Festival LA and will remain in the harbor. The duck was designed by Dutch artist Florentijn Hofman and at 61 feet high, 110 feet long 85 f...
US home prices rose in March, but house prices are losing momentum, according to a report released Tuesday. When will the US housing market return to normal?
Housing starts jumped 13.2 percent in April, but some experts aren't celebrating. Most of the housing starts gains were in the multifamily sector, which, along with low wages and a stagnant recovery in well-paid full-time jobs, could signal a growing class of long-term renters in the US.
Student debt impacts household finances far beyond the loans themselves, according to a Pew Research Center report released Wednesday. On average, debt-carrying college-educated households have $8,700 in net worth – one seventh that of their debt-free counterparts.
The Dow hit a new record Friday. Despite widespread skepticism, there are reasons to think the stock market can continue climbing.
Apple has been slowly laying the foundation to become the leader of e-commerce and mobile payments, and all the pieces are just about in place.
The Federal Reserve, which on Wednesday decided to continue with its tapering program by withdrawing $10 billion of monthly stimulus money, directs US monetary policy with a combination of data and anecdote, quantitative analysis and horse sense. But sometimes the world's most powerful bank gets it wrong, as a new book points out.
Unemployment rate plunged to 6.3 percent in April, but teen employment still lags behind pre-recession levels. Why the high teen unemployment rate? Fewer teens want to work, and the ones who do face increased competition from immigrants, retirement-age workers, and even college and high school graduates.
Google is upping the stakes in the battle for online transactions by rolling out a service that allows Gmail users to send money and sign up for Google Wallet. Apple and PayPal are pushing their own versions of one-click pay services.
New home sales plunged an unexpected 14.5 percent in March, according to a report released Wednesday by the Commerce Department. New home sales figures can be volatile, but the surprise drop combined with other weak reports is worrying for the housing market's nascent recovery.