The trend in 401(k) savings rates has been on the rise in recent years, with the average combined savings rate hitting a record high of 11.7% in 2023, according to Vanguard’s analysis. This matches a previous record set in 2022 and indicates a positive direction in retirement preparedness for many workers. Additionally, a Fidelity report
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Target’s recent decision to team up with Shopify is a strategic move aimed at enhancing its online marketplace with new and trendy brands. This partnership has the potential to revitalize Target’s digital sales and attract a wider range of customers. By tapping into Shopify’s network of smaller and up-and-coming brands, Target is looking to differentiate
Finding the right location to buy a home is crucial for many Americans, and recent data published by NBC News sheds light on the least difficult places to purchase a home in the U.S. According to the NBC News Home Buyer Index, several counties stand out for their affordability, competition levels, scarcity, and economic stability.
In the realm of investing, the advice of stock analysts holds a significant amount of weight. However, it is crucial to critically assess their recommendations before making any investment decisions. This article will explore and evaluate three stock picks favored by the Street’s top professionals. The first stock recommendation provided by TipRanks is Delta Air
One of the latest money-saving trends on TikTok is the “no-spend month,” which encourages users to cut out all non-essential purchases for a set period of time. This challenge can last for a week, a month, or even a full year, with the idea being that it can help individuals break the habit of overspending
Forever 21, a well-known fast-fashion retailer with over 380 stores in the U.S., is facing financial challenges that have prompted it to seek a reduction in rent from its landlords. The company has asked some landlords to slash its rent by up to 50%, indicating the severe impact of declining sales and stiff competition in
The U.S. Department of Education is considering extending the eligibility of the popular Public Service Loan Forgiveness program to include early childhood educators. This announcement comes as a response to the low wages that many workers in early childhood education settings face. The idea is to provide financial relief to those who dedicate their careers
The National Association of Home Builders has reported a significant increase in the construction of built-for-rent single-family homes in the U.S. According to experts, this growth is strongly linked to the current housing affordability crisis, where escalating mortgage rates are making it increasingly difficult for individuals to purchase homes, pushing them towards the rental market.
The market for previously owned homes is facing challenges, with sales at a 30-year low and minimal movement seen in May. Existing home sales remained relatively flat, dropping by 0.7% from April to a seasonally adjusted annual rate of 4.11 million units. This trend mirrors a 2.8% decrease from the previous year. The consistency in
The recent Supreme Court decision in Moore v. United States addressed the issue of a federal tax on certain foreign investments. In this case, a Washington state couple, the Moores, was challenged with a mandatory repatriation tax on income earned from an investment in an India-based company that did not distribute dividends. The Supreme Court