The combined wealth of the world’s millionaires rose for a sixth straight year and topped $70 trillion for the first time ever in 2017 thanks to an improving global economy and strong stock market performance, according to a new report...
Millennial men don't mind risky investments like Bitcoin, or boosting their money knowledge with the help of the financial media. But their female peers are wary of risk, leery of the unregulated world of cryptocurrencies and more apt to gain...
On the final day in his insurance job last week after 14 years in the sector, Donnie wore a T-shirt emblazoned with a rocket logo, the symbol for bitcoin, and the slogan "to the moon". The phrase, one that characterizes...
The U.S. labor market has reached another milestone: For the first time in decades, there are more job openings than unemployed Americans who could fill them. Vacancies rose to a fresh record of 6.7 million in April, according to the...
Do you know how much retirement income to expect from Social Security? Social Security is the largest retirement program in the United States, but far too many people don't understand how their retirement benefit is determined. Knowing how Social Security...
Outsized moves challenge bank, investment firm risk measures Italy yield jump, emerging-market currency swings stand out Rare market gyrations keep cropping up, presenting a challenge to the risk models at financial institutions. From Italian debt to emerging-market currencies, extreme market...
One in four seniors graduating from college feel unprepared to enter the job market, according to a new Study conducted by OnePoll on behalf of GoDaddy. Think college is expensive now? Then new parents will probably want to take a...
Publicly held corporations now must disclose their median employee compensation. Those numbers gave us an idea for a new analytical approach to an age-old struggle. Who benefits the most when a company is successful: its shareholders or its employees? Capital...
U.S. stocks powered higher Monday after President Trump's top Treasury official said the trade war with China is "on hold," a truce that removed a big risk from the market for now. One of the biggest obstacles facing stocks in...
It's an alarmingly small number. We're told of the importance of saving for retirement, especially given the way healthcare and other senior living costs continue to rise. But apparently, a large number of workers aren't listening. In fact, one-third of...
A number of high-tax states have recently passed legislation to help residents manage new caps on their ability to take federal tax deductions. However, accountants are warning taxpayers to proceed with caution. This year, the Tax Cuts and Jobs Act...
That’s the amount of debt coming due in the next five years Tax reform is the wild card; some companies may have more cash Corporate America partied like never before on cheap money over the past decade, and now comes...
It stood at about $600 billion 10 years ago America’s student loan problem just surpassed a depressing milestone. Outstanding student debt reached $1.521 trillion in the first quarter of 2018, according to the Federal Reserve, hitting $1.5 trillion for the...
Here's a question: You've built up a massive nest egg at your job, and you're about to retire. What are your plans for your hard-earned savings? For nearly a third of workers, the answer is "I don't know." Those were...
Without any outside help you may have a harder time reaching your personal financial goals. Financial advisers tend to get a bad rap, which might explain why 62% of adults don't use a professional for financial planning purposes. But without...
