The looming retirement savings crisis has left many individuals with 401(k) plans and other retirement accounts that fall short of the necessary funds for a comfortable retirement. However, amidst this crisis, there are a group of individuals known as “super savers” who are successfully growing their retirement nest eggs. These super savers are the ones
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When couples face financial stress, the best approach is to talk it out. But what often happens is the opposite. Research from Cornell University shows that when people feel stressed, they are more likely to avoid initiating conversations with their partner about financial issues. The fear is that it will lead to a fight, causing
The latest data on 401(k) savings rates shows a promising trend of growth and record-high numbers. The average combined savings rate in 2023 matched a record high from the previous year, reaching an estimated 11.7%. Furthermore, a separate report from Fidelity for the first quarter of 2024 indicated a combined rate of 14.2%, setting a
In today’s rapidly evolving retail landscape, traditional brick-and-mortar stores are facing increasing competition from e-commerce giants like Amazon. One such struggling retailer is Target, which is now turning to Shopify in a bid to revamp its online offerings. By teaming up with Shopify, Target hopes to attract new and trendier brands to its marketplace, Target
The real estate market is facing a significant challenge as sales of previously owned homes hit a 30-year low. In May, existing home sales were virtually unchanged, dropping by 0.7% from April to a seasonally adjusted rate of 4.11 million units. This trend represents a 2.8% decrease compared to the same period last year. The
China has been a major player in the development of the electric car industry, having invested a substantial $230.8 billion over more than a decade. This investment has accounted for 18.8% of total electric car sales between 2009 and 2023. However, the scale of government support has been on the decline, dropping from more than
Darden Restaurants recently reported mixed quarterly results, with one of its most well-known chains, Olive Garden, experiencing a decline in same-store sales for the second straight quarter. This disappointing trend is a cause for concern for the company, as Olive Garden has historically been a key contributor to Darden’s overall success. Looking ahead to fiscal
Recent data from the Mortgage Bankers Association showed that while mortgage rates dropped to the lowest level since March, consumer response was lackluster. Despite the decrease in the average contract interest rate for 30-year fixed-rate mortgages, total mortgage application volume only rose by 0.9% compared to the previous week. Interestingly, while refinance demand dropped by
The box office has been missing a vital component – family-friendly films. Despite a few successful hits like “Super Mario Bros.,” the absence of consistent family entertainment has been noticeable. Many family movies either opted for streaming debuts due to the pandemic or were spaced too far apart in release dates to create any significant
Homeownership is often seen as a key way to build wealth that can be passed on from one generation to the next. However, in the United States, more than $32 billion in assessed property values may be at risk due to a little-known issue called heirs’ property. This situation arises when homeowners pass away without