The financial hurdles women confront to attain financial security in retirement can be colossal, as a Senate Special Committee on Aging hearing last week validated bluntly. The hearing entitled, “Women and Retirement: Unique Challenges and Opportunities to Pave a Brighter Future” focused on the barriers that women face in planning …
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The Wall Street Journal recently shared the story of a couple who is struggling because the pandemic has upended their jobs and income. To make matters worse, they’re dealing with a massive amount of consumer debt. The article says: “The Denton, Texas, couple pay $ 4,400 a month on their …
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Like so many industries upended by COVID-19, hospitality is undergoing a massive transformation. U.S. hotels are losing $ 400 million a day in room revenue, adding up to over $ 46 billion so far in 2020. The staggering loss has accelerated trends, forcing change faster than anyone could have ever …
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“ Every business is at risk of losing those who drive innovation. ” When employees shifted to working remotely five months ago, few thought it would last this long. Now, an estimated 30 million Americans are unemployed, with one in five workers collecting unemployment benefits. The U.S. recession is deepening, …
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The COVID-19 pandemic underscores the importance of Social Security in the lives of Americans. Even in the toughest of times, the program delivers checks on time and in full. At the same time, the economic conditions created by the virus have exposed hidden weaknesses that could cost the program tens …
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To conserve cash, some employers are suspending contributions to their workers’ 401(k) accounts. And if this downturn plays out like previous recessions, more will follow. The handful of employers announcing suspensions in recent weeks include travel companies and retailers hit first and hardest by shrinking consumer demand, including Amtrak, Marriott …
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Investors may want to steer clear of investing their 401(k) in companies that own risky assets such as coal-fired power plants. George Frey/Agence France-Presse/Getty Images Climate change. Exploitation of essential workers. Racism. In the face of an urgent need to tackle these societal challenges, the U.S. Department of Labor released …
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We got a taste of things to come when White House China hawk Peter Navarro stated to the press that the U.S.-China trade deal was “over.” Cue a plunge in stocks ES00, +0.14% and in CNY USDCNY, +0.04% and in bond yields and general risk-off. Then cue the inevitable rapid …
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I’ve been managing my own finances for a long time. Along the way, I did some things right that served me well and some things that didn’t—including three big blunders. My money-management journey started when I got into a new middle school that was 12 miles from home. The daily …
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