“You know what I really love? I love the inflation,” President Donald Trump said Wednesday after the consumer price index climbed above 4% for the first time in three years, stemming from the Iran war’s surge in energy prices. “The numbers were great,” Trump, speaking with reporters in the Oval Office, said of the CPI data released by…
Frank Bisignano testifies before the Senate Finance Committee on his nomination to be Commissioner of the Social Security Administration, on Capitol Hill in Washington, March 25, 2025. Saul Loeb | AFP | Getty Images Social Security Administration Commissioner Frank Bisignano told Congress on Wednesday that the agency has improved one legacy pain point for individuals…
A driver refuels a vehicle at a Shell gas station in Hercules, California, May 21, 2026. David Paul Morris | Bloomberg | Getty Images Consumer prices in May rose at their fastest pace in more than three years as the Iran war continued to put upward pressure on gasoline and other energy-related costs. The consumer…
People walk by Duke Chapel on the campus of Duke University in Durham, North Carolina, U.S. Jim R. Bounds | Bloomberg | Getty Images The yearly cost of attendance at over a dozen colleges is now six figures, after factoring in tuition, fees, room and board, books, transportation and other expenses. For the 2026-27 academic year, 16 institutions…
Witthaya Prasongsin | Moment | Getty Images With inflation jumping in May, sitting on your extra cash could mean falling farther behind. The consumer price index, a key inflation measure, rose 4.2% in May from a year earlier, according to the Bureau of Labor Statistics’ release issued Wednesday. The increase was driven largely by higher…
A sign for the U.S. Social Security Administration is seen outside its headquarters in Woodlawn, Md., on Thursday, March 20, 2025. Tom Williams | Cq-roll Call, Inc. | Getty Images The trust fund Social Security relies on to help pay retirement benefits may run out in 2032, at which point 78% of benefits will be…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email As Americans celebrate the nation’s 250th birthday, CNBC has learned their definition of the “American Dream” is shifting. Sharon Epperson breaks down the results of a new CNBC/SurveyMonkey poll. Source link
Lordhenrivoton | E+ | Getty Images When people think of how much to save for retirement — and, subsequently, how to spend that money wisely in older age — many worry about the risk of running out of money early. They fear the possibility of overspending. But there’s another less-appreciated danger, too, according to financial…
Halfpoint Images | Moment | Getty Images For women, living longer than men on average comes with a financial risk that experts say is worth preparing for — outliving their spouses and needing long-term care services. About 57% of Americans who reach age 65 will develop a disability serious enough to require long-term care, according…
Forgoing the office can have detrimental “scarring” impacts on young workers. Here’s how to navigate the benefits and drawbacks of remote work. Source link