Personal saving
The fight to protect consumers against bad investment advice is advancing, but slowly
William F. Galvin, Secretary of the Commonwealth of Massachusetts, at a press conference on Sep. 10, 2018. Galvin championed a state rule governing investment advice, which a judge invalidated in March 2022. Michael Swensen for The Boston Globe via Getty Images The fight to protect consumers from bad investment advice has been a multi-year saga. […]
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Here’s why health savings accounts may contribute to inequality
The Good Brigade | Digitalvision | Getty Images A popular way to save for out-of-pocket medical expenses might be contributing to health-care inequality, new research suggests. Health savings accounts are tax-advantaged accounts available to Americans with high-deductible health insurance policies. Federal law established them in 2003. Since then, HSAs have grown quickly as employers have […]
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Worried about rising inflation? With nearly risk free I bonds soon to pay 9.62%, here’s what you need to know
Eakgrunge | Istock | Getty Images Less risk often means lower returns. But that’s not the case with I bonds, an inflation-protected and government-backed asset, which may soon pay an estimated 9.62%. I bonds currently offer 7.12% annual returns through April, and the rate may reach 9.62% in May based on the latest consumer price index data. Annual […]
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Narcissists share these 5 toxic money habits, says psychologist: ‘They often go unnoticed or ignored’
Narcissists are one of the most challenging personalities to be around. Unfortunately, some of the most common narcissistic traits — grandiosity, superiority, entitlement and a lack of empathy — have been on the rise in recent years. Even worse, these traits often go unnoticed or are ignored, particularly from people who don’t know about narcissism or have […]
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How to protect your savings as inflation soars
As inflation continues to surge, hitting 8.5% in the U.S. in March, it’s important find ways to protect your savings. LaylaBird Surging consumer prices are making it increasingly challenging to manage the cost of living, so it’s never been more important to understand the best ways to protect your savings. Inflation is red-hot, with the […]
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Deepak Chopra: Here’s how to be mindful with your money
Tommaso Boddi | Getty Images Entertainment | Getty Images Americans are stressed and anxious about money of late. Being mindful can help, according to wellness expert Deepak Chopra. Some 52% of U.S. adults are under more financial stress than a year ago, according to a CNBC + Acorns Invest in You survey conducted by Momentive. […]
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Russia-Ukraine war is having a limited impact on Europe vacation bookings, experts say
Travelers booking luxury trips to Europe have not canceled amid the Ukraine war, says travel advisor Jessica Griscavage of Runway Travel. Pictured, Grignan, France. Westend61 | Westend61 | Getty Images As the Russian invasion of Ukraine continues with no end in sight, how are Americans’ European vacation plans being affected? It depends on whom you […]
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Thinking about buying a car? Here’s what auto experts say you need to know
A customer is shown a 2022 Toyota Prius at Longo Toyota in El Monte, CA on Wednesday, March 23, 2022. Medianews Group | Orange County Register via Getty Images People spend a lot of money on their cars and trucks. In fact, about 16% of the average American’s total budget goes to transportation, including vehicle […]
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Inflation may cause Americans to cut back on travel. Here’s how to vacation and save money
Inflation is surging — and if it keeps up, Americans may start nixing their travel plans. Some 40% of U.S. adults said they would cancel a vacation or trip if consumer prices continue to rise, according to a new CNBC + Acorns Invest in You survey, conducted by Momentive. The online poll was taken March […]
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Here’s how to navigate buying a car amid low inventory and high prices
Any shopper who has stepped onto a vehicle sales lot during the coronavirus pandemic has likely noticed at least two things: There are very few cars and they have very high sticker prices. Amid inflation and fear of a recession, buying a car in this climate is certainly not for the faint of heart. “If […]
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