The so-called “K-shaped economy” is now linked to “a remarkable increase in food insecurity,” according to a new blog post by the Federal Reserve Bank of New York. Large segments of the population are facing high levels of financial strain, according to a post published on Wednesday, based on data from the Survey of Consumer Expectations. Among this…
Employment has been rising over the past few years for a growing group of Americans: people with disabilities. Yet millions of workers are leaving money on the table, experts say, because they are unaware of a key financial resource designed for people with disabilities, known as Achieving a Better Life Experience, or ABLE, accounts. These…
A construction worker works at a new house being built in Alhambra, California, on March 19, 2026. Frederic J. Brown | Afp | Getty Images Homeowners insurance costs have been rising fast in the U.S. — and policyholders are taking notice. About 71% of homeowners said the cost of their homeowners insurance has increased over…
Patricio Nahuelhual | Moment | Getty Images At risk of stating the obvious: Boosting one’s savings rate is among the best ways to improve a household’s retirement prospects. Doing so increases the size of the financial war chest one can deploy in old age. But there’s another, somewhat hidden benefit to saving a larger share…
Inflation concerns are spilling into “date-flation” discussions online, as social media users react to a surprising stat: Millennials spend $252, on average, for a date. The figure, which CNBC reported on in April, comes from BMO Financial Group’s 2026 BMO Real Financial Progress Index. The average “all-in” spend on a date in America — including pre-date…
The Janss Steps at UCLA in Westwood, CA on Tuesday, May 5, 2026. Myung J. Chun | Los Angeles Times | Getty Images A coalition of 25 states and the District of Columbia sued the Trump administration this week over the new limits on federal student loans. For students pursuing careers in healthcare fields, such as nursing,…
Amazon executive chairman Jeff Bezos on Wednesday called for zero federal income taxes on the bottom half of earners. The top 1% of taxpayers pay 40% of all the tax revenue, and the bottom half pay 3%, Bezos told CNBC’s Andrew Ross Sorkin on “Squawk Box.” “I don’t think it should be 3%,” Bezos said….
Ryanjlane | E+ | Getty Images President Donald Trump is changing the way Americans can save through the creation of new investment accounts. Soon-to-launch Trump Accounts will provide an initial $1,000 deposit to U.S. children who have a Social Security number and who were born between 2025 and 2028. By the time those children turn…
An Obamacare sign is displayed outside an insurance agency on Nov. 12, 2025, in Miami. Joe Raedle | Getty Images News | Getty Images Enrollment in the Affordable Care Act marketplace may ultimately fall by about 5 million people this year relative to 2025, as Americans face sharply higher costs triggered by a lapse in…
President Donald Trump onstage at the Treasury Department’s Trump Accounts Summit, in Washington, Jan. 28, 2026. Kevin Lamarque | Reuters Starting in July, Trump Accounts will give parents a new option to save and invest for their children’s future. But other tax-advantaged savings and investment vehicles already exist — and are often underutilized. For example, only…