Americans say they need to save $1.7 million to retire
Only about half think they're likely to achieve that goal — and inflation is adding to the challenge.
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.
Only about half think they're likely to achieve that goal — and inflation is adding to the challenge.
Even though consumer demand is strong, the candy maker said it's dealing with "capacity constraints."
The GDP a measure of total spending on goods and services across the economy, fell at an annual rate of 0.9 percent, the Commerce Department said Thursday.
The Inflation Reduction Act wouldn't impose new taxes on families earning less than $400,000, its backers say.
Economic activity unexpectedly slumped between April and June, heightening fears that the U.S. is headed for a recession.
"Extraordinary" rate hike comes on the heels of another sharp increase in June. That means debt is about to get more expensive.
Most used vehicles aren't depreciating due to low new car inventory and strong consumer demand, study finds.
One-time payments will help about 59,000 households in the state, including those on welfare.
Home prices are skyrocketing amid a shortage of properties — a crisis spreading to once-affordable towns across the U.S.
It's the highest share of young adults living in multigenerational households in at least 50 years, a researcher says.
Gunmaker's advertising includes "images associated with killing and hunting people," according to gun safety group.
Inflation is walloping middle-income households, with many saying they are taking on more credit card debt to stay afloat.
After overturn of Roe v. Wade, one lawmaker says, "Fathers have obligations, financial and otherwise, during pregnancy."
Retail giant claims "bad actors" on Facebook are recruiting people to post phony reviews about products sold on Amazon.
CEOs of big companies earned an average of $18.3 million last year — 324 times more than the typical worker, union says.