You don’t have to look very hard to see a grim picture of personal finance trends in America. From rising credit card and student loan debt to a severe lack of emergency funds to households not saving enough to reach...
The number of billionaires in the U.S. has more than doubled in the last decade, from 267 in 2008 to 607 last year. We are now officially in the longest U.S. economic expansion in history — one perhaps best characterized...
IRA distributions that you take before you reach age 59-½ (early distributions) are subject to a 10% additional tax (early distribution penalty), which is in addition to any income tax owed on the amount. For example, if you take an...
Economists are increasingly forecasting a recession next year, but one believes the downturn has already begun. Gary Shilling, an economist and financial analyst who is credited with predicting several recessions over the past 40 years, thinks the U.S. is in...
Congress says wealthy would reap most benefit from cap repeal ​House panel will examine deduction’s impact in Tuesday hearing More than half of the benefit of repealing the $10,000 deduction cap for state and local taxes would go to millionaires,...
When it comes to saving for retirement, everyone's situation is different. While one person may be able to survive on a couple of hundred thousand dollars over several decades, another person may need well over a million dollars just to...
The S&P 500 is within 1% of its closing record set on April 30 The S&P 500 index stands less than 1% shy of a record but investors aren’t loving the climb, based on a recent fund manager survey from...
Bets on a move as soon as July rise after weak jobs report Some see Powell getting ahead of market with half-point cut Federal Reserve Chairman Jerome Powell and his colleagues face three decisions when it comes to reducing interest...
As Americans face increasing amounts of debt, their ability to retire comfortably is coming more into question. “Our research has shown that 78% of people are living paycheck to paycheck,” financial expert Chris Hogan said on Yahoo Finance’s On the...
China’s announcement Monday that it will raise tariffs on $60 billion of American goods compounds the pain in what is fast becoming all-out trade war between the two countries as U.S. farmers, chemical makers and others brace for a further...
The U.S.-China trade war has had a major effect on American farmers since the Trump administration began taking action against Beijing in March 2018. Things got worse recently when President Trump announced on Friday that the U.S. will be implementing...
Falling Treasury yields are raising questions about whether the market is signaling another coming recession, since inverting yields have had a strong track record of predicting downturns. The yield curve is viewed as a thermometer on market expectations over time...
The Trump administration’s 10% tariff on $200 billion in Chinese imports has been a nuisance, with many U.S. businesses absorbing the cost or working around it. But President Donald Trump’s threat over the weekend to hike the duty to 25% would...
Market Review What a difference three month makes. The headlines have completely flipped from the doom and gloom of Q4 to “Best Three-Month Start Since 1998” and “Best Quarter Since Q2 2009.” For the quarter, the S&P 500 ended up...
Most millennials define adulthood as being on their own financially, but the majority still depend on Mom and Dad for money, even in into 30s, according to a new Merrill Lynch/Age Wave survey given exclusively to USA TODAY. Seven in...
