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Business

Millennials want to retire early at 59. Here’s how to make that happen

Millennials are ‘struggling to afford the present’ After experiencing the pandemic recession and the extreme market swings that followed, roughly three-quarters, or 76%, of adults between the ages of 26 and 41 are concerned that a crash could wipe out their savings and investments, Alto Solutions said. More than half, or 53%, worry they’ll never be […]

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Business

58% of Americans are living paycheck to paycheck after inflation spike — including 30% of those earning $250,000 or more

With inflation at 40-year highs, workers across all income levels are having a harder time making ends meet. As of May, 58% of Americans — roughly 150 million adults — live paycheck to paycheck, according to a new LendingClub report. That’s down slightly from 61% who reported living paycheck to paycheck in April, but up […]

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Travel

This couple left the U.S. to travel full-time—and cut expenses by 50%: ‘We’ve lived in London, Rome and Lisbon’

My wife and I love to travel. In the five years that we’ve been together, we’ve made many unforgettable memories during our trips abroad. But in July 2021, we took a Greek Isles cruise for my wife’s 49th birthday that truly changed our lives. As we sat in our ocean view cabin, we talked about […]

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Business

Women prefer values-based investing. Here’s what that might mean for their wealth

Mint Images | Mint Images Rf | Getty Images Women prefer investing in a way that helps the environment and does social good, some studies have found. Such values-based investing could help raise women’s general enthusiasm for investing and boost long-term wealth, according to financial experts.   About 52% of women would rather invest in […]

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Business

Millions of students never finish college. Here’s what loan forgiveness may mean for them

Beyond highlighting the sky-high cost of college, the pandemic has also shed light on the overwhelming burden of student loan debt. Average college tuition and fees edged higher again in the 2021-2022 academic year, reaching $10,740 for in-state students at four-year public schools, according to the College Board, which tracks trends in college pricing and student aid. Tuition and fees at four-year […]

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Business

Amazon Prime Day is coming up. Focus will be on consumer staples to counter surging inflation, experts say

Amazon Prime Day is one of the most anticipated shopping events of the year. But in 2022, shoppers may be less interested in backyard entertaining or Black Friday-type deals and more eager to score discounts on consumer staples to counteract runaway inflation. “People who want to participate in Prime Day are going to be focusing […]

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Business

Tax pros ‘very skeptical’ about expanded IRS voice bots for payments plans

Westend61 | Westend61 | Getty Images If you get a tax bill and want help from the IRS to set up a payment plan, newly expanded voice bots may make for faster phone service, according to the agency. But some tax professionals are doubtful about the new plan to reduce wait times.  Artificial intelligence-driven IRS […]

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Business

Amid record inflation, 36% of employees earning $100,000 or more say they are living paycheck to paycheck

South_agency | E+ | Getty Images More than a third of high-earning American workers feel strapped for cash — a share that has risen dramatically in recent years. Thirty-six percent of U.S. employees with salaries of $100,000 or more are living paycheck to paycheck — twice as many who said they were in 2019, according […]

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Business

5 tips for selling your e-commerce business to an Amazon aggregator

In recent years, Amazon sellers have become a hot commodity. Growing a business on Amazon is more challenging and aggregators are taking the opportunity to snatch up promising and successful businesses while using their expertise to clean up the marketplace. Selling your e-commerce business to an Amazon aggregator can pay off, but only if you […]

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Business

Here’s what the Federal Reserve’s 0.75 percentage point rate hike — the highest in 28 years — means for you

What the federal funds rate means to you The federal funds rate, which is set by the central bank, is the interest rate at which banks borrow and lend to one another overnight. Although that’s not the rate consumers pay, the Fed’s moves still affect the borrowing and saving rates consumers see every day. “We’re […]