American households lost about $6.8 trillion in wealth over the first three quarters of 2022 as the stock market SPX, -0.73% DJIA, -0.90% COMP, -0.70% shed more than Read more
Tag: social services
U.S. jobless claims dip to 220,000 but layoffs are starting to rise
The numbers: The number of Americans who applied for unemployment benefits in mid-November fell slightly to 222,000 — a low number historically — but layoffs have edged higher in the Read more
Opinion: You can’t rely on Social Security to fund your retirement — it’s time to rethink your retirement savings strategy
Following a period of record inflation, Social Security’s latest cost of living adjustment (COLA) means retirees will see the biggest bump to their benefits checks in 40 years. While this Read more
‘The fever appears to be breaking’: High rents are still contributing to U.S. inflation, but growth is slowing
Inflation may be easing, but October’s 7.7% increase in the U.S. consumer-price index compared with a year earlier was still being driven largely by higher shelter costs. Consumer prices rose Read more
Pension problems, caregiver burnout, saying ‘no’ to nursing homes and more retirement news
From MarketWatch Retirement: Here’s why you should be worried about state and local pensions. About 26 million people are relying on state and local pension plans to take care of Read more
Opinion: Plan for the worst-case scenario of lower expected Social Security payments by finding income elsewhere
If your retirement date falls after 2034, the current estimate of your future Social Security benefits may not hold up. That’s when the government fund that sends out the monthly Read more
What the midterm elections mean for your taxes, inflation, living standards, and stock portfolio
During the midterm elections, personal finances were on the ballot. In addition to considering what the array of candidates could do to bring relief to high prices, voters considered ballot Read more
Food-aid programs for low-income Americans hang in the balance — with Senate results still too close to call
The midterm election results will have far-reaching effects, including on low-income Americans. The reauthorization of the Farm Bill in 2023 may depend on the results of Tuesday’s elections, said Elaine Read more
Here’s why you should be worried about state and local pensions
America, about 26 million people across America are relying on state and local pension plans to take care of them in their retirement years. That figure includes 15 million retired Read more
Biden anti-hunger plan enlists gig companies — whose workers sometimes go hungry
President Joe Biden’s strategy for ending hunger in the U.S. by 2030 is being funded in part by companies whose own workers sometimes can’t afford to buy food. The Biden Read more