Business

Americans challenged by inflation and rising costs plan to save less than $5,000 in 2023 and many are relying on tax refunds to make ends meet, a recent TaxAct survey said.

In today's expensive world, many Americans are turning to side hustles to make ends meet. From pet-sitting to food delivery, people are taking on extra work to pay for unexpected expenses and to gain disposable income.

Medicare beneficiaries in retirement would need to have saved anywhere from $96,000 to $383,000 to cover most of their healthcare needs, according to EBRI. The organization found that in general, Medicare Advantage enrollees have lower savings targets. But these private industry plans have their pros and cons.

Check out the mortgage rates for April 11, 2023, which are mixed from yesterday.

Whole Foods is closing their flagship San Francisco store on Monday at the end of business hours. 

More than half of survey respondents said the latest increase to Social Security benefits doesn't adequately cover rising costs. As inflation rises, the increase in spending exceeded the latest 8.7% COLA adjustment.

Check out the mortgage rates for April 10, 2023, which are mixed from last Thursday.

Certain industries also saw a large increase in remote work between 2019 to 2021, according to a recent survey by the U.S. Census Bureau.

After OPEC announced it intends to decrease production starting in May, gas prices increased, according to AAA’s latest gas prices report.

The average rate for a 30-year fixed-rate mortgage dropped to 6.28% for the week ending April 4, according to Freddie Mac's Primary Mortgage Market Survey.

Only 2% of Americans can correctly identify financial solutions with tax advantages, despite one in three saying they prioritize investments that would help them pay less in taxes either now or in the future, a recent Lincoln Financial Group survey said.

Check out the mortgage rates for April 6, 2023, which are mixed from yesterday.

Many think robot waiters are the solution to the industry’s labor shortages. But others note how they can’t yet take orders, and many restaurants have steps that they can’t adapt to.

Thirteen of the top 20 hottest home markets in February had median listing prices below the national median, the report from Realtor.com said.

A new survey found nearly a quarter of coupled Americans reported staying in their current relationships due to financial dependency.

The world’s largest retailer said that as the changes take hold, employees’ roles will require less physical labor but will have higher pay.

With the jury still out on Biden's student loan forgiveness, some states are stepping up their plans, a recent report by The Pew Charitable Trusts said.