Financial related news.
SOUTH MILWAUKEE, Wis. — Baby boomers: your millennial children are worse off than you. With a median household income of $40,581, millennials earn 20 percent less than boomers did at the same stage of life, despite being better educated, according to a new analysis of Federal Reserve data by the advocacy group Young Invincibles. The [...]
WASHINGTON — Americans with no more than a high school degree have fallen so far behind college graduates in their economic lives that the earnings gap between college grads and everyone else has reached its widest point on record. The growing disparity has become a source of frustration for millions of Americans worried that they [...]
Charles Schwab, a national financial planning firm, is no stranger to employing the latest technology in the wealth management services it offers to clients. The company last month announced the expansion of products with the launch of Schwab Intelligent Advisory, a hybrid advisory service that combines live professionals and algorithm driven technology to make financial [...]
The best advice current retirees offered younger generations still in the workforce is start saving sooner, according to the latest Transamerica Center for Retirement Studies report. Released last month, the study found that the retirement landscape is changing, with many workers planning to work past the traditional retirement age of 65 — “a tremendous departure [...]
Preparation levels by workers for retirement have not changed despite gradual increases in retirement confidence, according to a Retirement Confidence Survey last year. In the survey, workers were asked the age which they expected to retire with results showing little change from one year to another, although that age has been slowly rising. In 1991, [...]
According to recent survey results from global investment management firm BlackRock, women are more optimistic than ever about their financial futures. The BlackRock Global Investor Pulse Survey reports that just over half, 51 percent, of women feel positive about their financial futures, compared with 46 percent the prior year. Forty-two percent say they are confident [...]
A new report from data and consulting firm Hearts & Wallets shows that Americans are struggling with investment choices and, though they want to actively save for retirement, they are unsure of where to keep their money. In its 2016 Pain Points and Action Report, the firm surveyed more than 5,000 adults, oversampling for “late-career” [...]
Nate Lowenstein has been shopping for a home in Los Angeles, on and off, for more than a year. His search has been stymied by a stubbornly low roster of homes on the market and the hurdles that come with it: multiple competing bids and higher prices. “It’s not a great market, from a buyer’s [...]
MINNIE, Ky. — Donna Dye saw the coal truck come barreling over the horizon and her head started spinning with that familiar, desperate urge to end it all. She thought of the disconnect notices, the engagement ring she pawned to keep the lights on, the house she loved and would probably lose. Life insurance was [...]
NEW YORK (AP) — Get ready for investments to be merely good again. They’ve already been great for years, as both stocks and bonds have delivered fat returns since the worst of the financial crisis passed in 2009. But after such a strong and long gallop upward, markets have many reasons to slow down, analysts [...]