Wand_prapan | Istock | Getty Images Guaranteed retirement income is a challenge Many baby boomers face a challenge of how to maintain their lifestyle once they retire. Social Security benefits typically replace about 40% of a worker’s pre-retirement income. Annuities may help provide another source of guaranteed income. However, many people do not seek those … Read more
Australian households will benefit from a new power bill relief payment unveiled in the federal budget, as the government focuses on helping those struggling under cost-of-living pressure. In the lead-up to the federal budget, Treasurer Jim Chalmers hammered home his commitment to providing “responsible relief” that eased pressure on Australian households while decreasing inflation. This … Read more
On Monday, Keith Gill, known online as “Roaring Kitty,” posted a picture on X — marking the first time he’s engaged with the social media platform in about three years. For most people, a return to social media wouldn’t be remarkable. But Gill isn’t most people. Between 2020 and 2021, he became one of the … Read more
Depressed young male smoking cigarette, drinking alcohol and holding his head in hand. Mixmike | E+ | Getty Images Can money buy happiness? Contrary to what some may think, a million-dollar paycheck does not necessarily come with a problem free pass. While wealth can bring with it some unconventional problems — such as being denied … Read more
Skynesher | E+ | Getty Images Fewer homeowners have been taking on remodeling projects, reports show. But don’t mistake it for a slow market. The Leading Indicator of Remodeling Activity, an outlook measuring home improvement and repair spending on owner-occupied homes, peaked at 17.3% in the third quarter of 2022. The LIRA has been declining … Read more
Going to an Ivy League institution like Harvard University can pay off in the long run. Former Harvard students who received federal aid command a median salary of $95,114 a decade after beginning college, according to the Department of Education’s College Scorecard. That’s well above the median salary of $50,806 among former attendees and federal … Read more
Jenn Lueke, 27, is a recipe developer based in Boston who creates content online showing people how to eat well on a budget. “I think it’s no secret that prices are going up in pretty much every area right now,” Lueke told CNBC. About two thirds, 65%, of U.S. adults surveyed by CNBC/SurveyMonkey this spring … Read more
Back in 2009, like so many during the Great Recession, I got laid off. I had been working 9-to-5 as an audio engineer, and working as a freelance music producer for indie bands on the side I decided to take the setback of losing my job and use it as a chance to devote time … Read more
Director of the National Economic Council Lael Brainard speaks at the White House in Washington, D.C., on January 11, 2024. Drew Angerer | Getty Images It’s clear we need to end the 2017 tax breaks for the ultra-wealthy and scale back costly permanent corporate tax breaks. Lael Brainard White House national economic advisor The multitrillion … Read more
Mother’s Day is right around the corner, and restaurants across the U.S. are offering up freebies and discounts to help you celebrate. This year, Mother’s Day falls on Sunday, May 12. Whether you’re seeking to treat your mom to pretzels or a steak dinner, you can take advantage of several sweet and savory savings this … Read more
