View photosA bronze "Charging Bull" statue is seen in New York's financial district March 4, 2016.At the time, he put most of his money into a handful of small-cap and over-the-counter stocks.
GOBankingRates, which uncovered this data, also reports that just 16% of working adults have $300,000 or more in retirement savings.Here are the top reasons Americans are ignoring their retirement accounts -- and why they're all completely bogus.
The number of people who expect to retire “broke”, meaning they have less than $10,000 saved for retirement fell to 42% from 55% last year, according to a survey by GoBankingRates.This also means that more than half of Americans have more than $10,000 saved for retirement.
Operators used social media to pitch fake business directories, petitions in return for information Updated March 7, 2018 6:04 a.m.
Most Americans are clueless about their Social Security benefit Nearly two weeks ago, MoneyTips released the results of an online survey that examined Americans' financial preparedness for retirement.Arguably even more worrisome were the results of the following question asked by MoneyTips:Have you ever checked your Social Security benefit estimate?
Facebook cofounder Chris Hughes wants to give low-income Americans $500 a month, no strings attached — and he's convinced it will boost the economy
Chris HughesSarah Jacobs/Business InsiderChris Hughes is a cofounder of Facebook and the Economic Security Project.Chris Hughes helped his Harvard roommate Mark Zuckerberg launch Facebook.
News & World report ranked the best states in the US for quality of life.Of every state in the US, North Dakota residents have the highest quality of life.
A poll shows just over half of Americans think that black people face hurdles to progress in the United States.28, 2018, also found that nearly half, including three-quarters of African Americans themselves, think President Donald Trump's policies are making matters worse.
And these are the words Americans with family income of more than $100,000 associate with financial challenges:Retirement.The words for middle-income households, with family income between $40,000 and $100,000:Health.
If you feel confused or overwhelmed during tax season, you're not alone.According to a new report from NerdWallet , there's a lot of uncertainty when it comes to tax-saving strategies, income tax brackets and the new tax bill in general.
The Flu is Killing Up to 4,000 Americans a WeekThe amount of influenza ravaging the U.“This is a difficult season, and we can’t predict how much longer the severe season will last,” she said.
For example, a 401(k) matching policy may be "50% of employee contributions, up to 6% of total compensation.Besides cashing out your 401(k) and spending the money, this is perhaps the worst retirement savings mistake you can make.
8, 2018 12:26 p.ET Kellogg Co.
Dow Jones, a News Corp companyNews Corp is a network of leading companies in the worlds of diversified media, news, education, and information services As Valentine’s Day approaches, the world’s biggest chocolate market may be melting Feb.ET As Valentine’s Day approaches, investors should ask: How special is chocolate?
In a 2017 Fidelity survey, only 26% of respondents could correctly identify their full retirement age for Social Security purposes.But without knowing that number, you're likely to make a huge mistake when it comes to filing for benefits.
Shift away from saving could leave consumers exposed if stocks or other assets take a sudden turn for the worse Updated Jan.29, 2018 7:43 p.
With this statistic it is no surprise that more and more retired Americans are relying on Social Security benefits to live.The Social Security Administration estimates these benefits represent about 33% of the income of the elderly, but a new study says that reliance on Social Security depends on where you live.
Spending on health care accelerated in 2016 for Americans who get insurance through work, even as use of most health-care services declined or remained flat.The reason, according to a new report: price increases.
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Majority of Americans say they are satisfied with the economy at levels not seen since dotcom boom, NBC/WSJ poll finds
Sixty-nine percent of Americans said they were satisfied or somewhat satisfied with economic conditions in the country.That figure is up sharply from the mere 37 percent who said they were satisfied in June 2015.