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US Economy

US Consumer Confidence Beats Expectations, Defies Recession Fears

US Consumer Confidence Jumps Beyond Expectations in September The Consumer Confidence Index in the US rose above the expected value in September to 108.0 from 103.6 in August. This leads to an extension of a sentiment rebound that began last August raising confidence in the US economy. US Consumers Defy Wall Street's Recession Fears The recent rise…

Unraveling the US Retirement Income Crisis: Key Insights

The Unprepared Retiree: A Growing Concern Americans near retirement or recently retired are still not prepared, according to a new survey, "Americans Change Retirement Savings Strategies," from the Alliance for Lifetime Income (ALI). The ALI is a nonprofit consumer organization that educates Americans on how to protect their retirement. Jason…

5 Power Tips: Aid Your Parents Financially in Your 20s-30s

Understanding the Financial Burden on Young Adults Many young adults live at home to save money for themselves, but a significant percentage also do so to help their parents financially. According to the Federal Reserve's survey on the financial well-being of American households, 33% of adults aged 22-24 and 42% of those aged 25-29 live at home to…

Income Inequality Worsens Social Security Crisis

Why Social Security's Income Inequality Problem Is Impacting Retirees For most retirees, Social Security is a critical source of income, helping 80% to 90% of them make ends meet. However, this essential program is on increasingly shaky ground due to several demographic shifts, including a growing income inequality problem. Demographic Changes…