Buying a home is a huge undertaking, and for some people, the idea of having to cover a mortgage payment every month is quite stressful. In a recent survey by Ally Financial, 44% of home buyers said they feel anxious...
Covid-19 has been a financial boon or bust for workers, depending on their personal situations. Now, those effects are changing when many Americans say they expect to retire. As anticipated retirement ages shift, younger generations expect to reach that finish...
Fantasia Holdings Group Co., a developer of luxury apartments in China, said it didn’t make a $206 million U.S. dollar bond payment that was due Oct. 4, adding to the malaise surrounding the country’s highly indebted property companies. The company,...
Fannie Mae says it expects U.S. home sales to end 2021 a bit higher than they were the year before and the multiple economic effects of the coronavirus pandemic to dampen the market well into next year. "A lack of...
Evergrande I am very far from an expert on the situation at giant indebted property company China Evergrande Group, but I will say that two things that appear to be true are: It owes 1.6 million apartments to people who...
Tucked into the House Democrats’ tax plan to raise $2.2 trillion in tax revenue is a new tax on the country’s wealthiest Americans — but other, earlier proposals that target the rich have been scaled down or eliminated altogether. The...
A line of 60 uniformed security guards stretched across the entrance to ailing Chinese property giant Evergrande’s gleaming Shenzhen tower on Monday as dozens of angry investors demanded answers – and their money – from the company. The protesters, who...
As attention on Capitol Hill turns to permanent changes to the social safety net in the $3.5 trillion reconciliation bill, temporary provisions meant to help Americans weather the coronavirus pandemic are reaching their end. Unemployment benefits for millions of Americans...
The Social Security cost-of-living adjustment for 2022 potentially will be the biggest in 40 years. Estimates indicate the annual boost could be 6.2%, prompted by rising inflation. But rising prices on grocery store shelves and at gasoline pumps aren’t the...
In an ideal world, you'd start funding a retirement savings plan from an early age and keep making steady contributions throughout your career. Many people miss that initial boat, though, and don't begin setting funds aside for retirement until they're...
In an ideal world, you'd start funding a retirement savings plan from an early age and keep making steady contributions throughout your career. Many people miss that initial boat, though, and don't begin setting funds aside for retirement until they're...
Americans’ retirement security is unstable, and legislation focused on pensions, Social Security and other savings or healthcare concerns must be a priority for government officials, a group of 31 organizations wrote in a recent public letter to President Biden. Companies,...
After eight years of legal battling, CalPERS just this July tentatively settled a class-action lawsuit filed by policyholders who argued that CalPERS had announced premium increases of 85% in 2013, and implemented starting in 2015, contrary to policy contracts. The...
Tumbling mortgage rates just went even lower following news that an unpopular fee on refinances is coming to an end. When the surcharge was first announced last summer, it created an uproar. It was meant to offset pandemic-related losses for...
Looser monetary policy suggests more concern about outlook Consumption is picking up but still below pre-pandemic levels After China’s surprise central bank support last week, key economic data released on Thursday will be studied for signs the world’s second-largest economy...
