Here's how much Americans' 401(k) plans fell last year
A brutal stock market took a toll on Americans retirement assets in 2022, according to new data from Fidelity.
Aimee Picchi is associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has been published by national news outlets including USA Today and Consumer Reports. Aimee frequently writes about retirement, and has been a National Press Foundation fellow for reporting on retirement and Columbia University's Age Boom Academy. She's also the editor of the Institutional Investor book "Cultivating the Affluent II," with noted wealth consultant Russ Alan Prince.
A brutal stock market took a toll on Americans retirement assets in 2022, according to new data from Fidelity.
Amid high inflation and a sagging stock market, anxieties about retirement are on the rise.
More than one-third of the nation's 9,630 wealthiest citizens attended a handful of elite universities.
Food-safety sanitation firm PSSI was fined $1.5 million for hiring more than 100 children in dangerous jobs.
Computer science majors could see starting salaries that are 4% lower than a year ago, likely due to tech layoffs.
Creator of the popular "meme stock" subreddit wants to be reinstated and get ownership of the forum's trademark.
Tax experts and the IRS itself have warned about smaller refund checks this year due to expiring pandemic aid.
Lower-income Americans and seniors are among those hit hardest by stubbornly high grocery prices.
Taxpayers could save on taxes because of a higher standard deduction and more generous thresholds for each bracket.
A handful of ads fumbled their chance to charm one of the biggest TV audiences of the year, marketing experts say.
The musician became a billionaire in 2021 and is now the second-wealthiest female entertainer, after Oprah.
The tax agency had previously asked taxpayers in those states to hold off on filing their returns until the issue was resolved.
Tax agency said it is trying to determine whether tax rebates, issued in many states last year, count as income.
Some state officials want to eliminate their income tax entirely. But experts warn of risks from a slowing economy.
A lack of "operational resilience" led carrier to cancel 16,000 flights, carrier's chief operating officer said.