401(k) savings rates have reached historic levels as plan designs have evolved to make it easier for workers to save money for retirement. According to Vanguard’s yearly analysis, the average combined savings rate in 2023 was estimated to be 11.7%, matching the record high from the previous year. Similarly, a Fidelity report found a combined
When couples face financial stress, the ideal approach is to have open and honest discussions about their concerns. However, a study conducted by Cornell University reveals that this is often not the case. According to research co-author Emily Garbinsky, individuals under stress tend to believe that initiating conversations about money with their partners will only
Ferrari, known for its roaring combustion engines, is set to launch its all-electric model in the fourth quarter of 2025. Ferrari CEO Benedetto Vigna has described the all-electric model as having all the driving traits and emotion of a true Ferrari. According to Vigna, the defining characteristic of a Ferrari is the emotional experience, and
Target has announced that it will be partnering with Shopify to introduce new and trendy brands to its e-commerce platform. The collaboration, known as Target Plus, will allow Shopify merchants to apply to join Target’s marketplace, thereby expanding the selection of products available on the retailer’s website. Target’s Chief Guest Experience Officer, Cara Sylvester, stated
Delta Air Lines (DAL) has been identified as a top stock pick by Wall Street analysts due to its solid fundamentals and strong long-term growth prospects. Analyst Helane Becker reiterated a buy rating on DAL with a price target of $55 after the company’s presentation at the Toronto Corporate Access Day. Delta’s strategic plan and
The article discusses the least difficult areas to buy a home in the U.S. based on a new real estate indicator. It categorizes various counties based on different contributing factors such as cost, competition, scarcity, and economic instability. While this information is informative, it would have been beneficial to provide a broader scope by including
TikTok has become a platform filled with tips and trends for building wealth, and one of the latest money-saving crazes is the “no-spend month” challenge. This challenge encourages users to cut out all non-essential purchases for a specified period, whether it be a week, a month, or even a full year. The idea behind this
The U.S. Department of Education is considering extending the eligibility of the Public Service Loan Forgiveness (PSLF) program to include early childhood educators. This move comes as a response to the low wages that many workers in this field face. By broadening the program to encompass early childhood education settings, the Department aims to alleviate
Amidst the housing affordability crisis in the United States, there has been a notable increase in the construction of built-for-rent single-family homes. According to the National Association of Home Builders (NAHB), this surge in construction is attributed to the challenges faced by potential homebuyers, particularly as mortgage rates continue to rise. As a result, renting
Forever 21, a once prominent player in the fast-fashion market, is currently facing financial difficulties that have led the company to request a rent reduction of up to 50% from its landlords. The company has over 380 stores in the U.S. and is struggling to keep up with the evolving landscape of retail. While the
