Southwest Airlines, like many others in the industry, is facing challenges due to an oversupplied U.S. market. This oversupply has resulted in airlines being forced to discount tickets during what is typically the most lucrative period of the year. The company has forecasted a potential drop in unit revenue for the third quarter, with a
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Many Americans are not fully aware of their Social Security benefits despite it being a significant source of income during retirement. According to the National Institute on Retirement Security, only 11% of non-retired Americans know exactly how much they stand to receive in benefits. This lack of awareness can have serious implications for individuals as
The upcoming U.S. presidential election is expected to bring about an increase in stock market volatility, according to various strategists. This prediction has left many investors feeling anxious about the potential outcomes and how they might affect their investments. A survey conducted by the American Psychiatric Association revealed that 73% of respondents reported feeling anxious
Before making the decision to buy a home, it is crucial to understand your current financial situation. Many renters may be surprised to find out that they are actually in a position to afford a mortgage. According to a Zillow analysis, millions of renters in 2022 were considered “income mortgage-ready,” meaning that the share of
The 2023 Gallup poll on workplace engagement revealed some disheartening statistics – only one-third of employees are engaged, while approximately 50% are not engaged and 16% are actively disengaged. These numbers highlight a concerning trend where more and more employees are exhibiting signs of disengagement in the workplace. One manifestation of this disengagement is the
In a recent announcement, Costco revealed that it will be increasing its membership fees in the U.S. and Canada as of September 1. This change will see annual memberships rise from $60 to $65, while the higher-tier “Executive Membership” will jump from $120 to $130 per year. This decision will affect approximately 52 million memberships,
An Urban Institute study has shown a decrease in the number of individuals with medical debt in collections on their credit reports over the past decade. In 2013, 19.5% of Americans were burdened with medical debt, with that number dropping to 5% in 2023. Despite this decline, the median medical debt in collections has risen
Losing your wallet can be a nightmare, not only due to the inconvenience of replacing everything inside but also because of the potential risk of identity theft. One crucial step that many people overlook is freezing their credit. Freezing your credit can prevent someone from opening new lines of credit in your name, reducing the
In today’s digital age, cybercriminals are preying on individuals’ emotions through romance scams, targeting their wealth accounts. These scams involve building a relationship and trust with the victim in order to gain access to their accounts or convince them to transfer money. According to the Federal Trade Commission, consumers lost a staggering $1.14 billion to
When it comes to retirement planning, taxes are often overlooked until it’s time to start withdrawing funds from pretax accounts. Many retirees fail to consider the impact of taxes on their retirement savings, which can result in significant financial losses. According to a study conducted by Northwestern Mutual, only 3 in 10 Americans have a