Much has been made of millennials’ finances. The cohort started their working careers during the Great Recession, and high housing costs and the burden of student loans have helped contribute to the impression that they are a “broke generation.” However, data shows that the wealth of Americans under the age of 40 has risen to […]
A key inflation gauge showed inflation easing slightly in June, adding further support for a widely anticipated interest rate cut in September. The personal consumption expenditures price index, which tracks the prices of a wide range of goods and services and is Fed policymakers’ preferred inflation measure, increased just 0.1% in June from the month […]
The U.S. economy was considerably stronger than expected during the second quarter of the year, boosted by a strong consumer, sizable inventory buildup, and government spending. Gross domestic product (GDP), a measure of all the goods and services produced by the economy, grew at a 2.8% annualized rate during the period between April and June, […]
For most retirees, Social Security benefits will be a huge part of their retirement income. Unfortunately, few Americans know how much they stand to receive in retirement. According to a recent survey from the National Institute on Retirement Security, only 11% of Americans said they know exactly how much they will be receiving once retirement […]
Home prices have been steadily climbing in nearly every corner of the U.S. this year. Already constrained inventory has been further diminished by high mortgage rates, which have made homeowners locked into low rates reluctant to put their homes on the market. On a national average, home prices have climbed 6.6% annually as of the […]
