Friday, June 14, 2024

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Suzanne Woolley

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THE AVERAGE AMERICAN FICO score was 704, its highest point ever while total U.S. household debt hit a record $13.3 trillion in the second quarter. / BLOOMBERG NEWS FILE PHOTO/DANIEL ACKER

U.S. credit scores hit new high while household debt skyrockets

NEW YORK - Almost a decade after the average FICO score hit a low of 686 in the aftermath of the Great Recession, the number...
UNITED STATES millionaires lag behind the global average in environmental, social and corporate governance-related investments. / BLOOMBERG NEWS

Rich Americans are last in sustainable investing, UBS says

NEW YORK - American millionaires are lagging behind wealthy counterparts elsewhere when it comes to sustainable investing. United States investors ranked last among those surveyed in...
THE UNITED STATES has fallen 3 spots in a global retirement security ranking. /COURTESY NATIXIS GLOBAL ASSET MANAGEMENT 

U.S. declines to No. 17 in global retirement security ranking

NEW YORK - Retirement security in the United States took a significant hit in a global ranking, falling three notches to No. 17 among...
/ BLOOMBERG FILE PHOTO/DENNIS BRACK

These three trends are eating up the American retirement dream

NEW YORK - With informed discussion, creative thinking, and timely legislative action, Social Security can continue to protect future generations. That boilerplate language has been...
MILLENNIALS ARE SAVING money in a way that preceding generations did not according to Princeton Survey Research Associates International. BLOOMBERG FILE PHOTO / SCOTT EELLS

Millennials are helping America save more money

NEW YORK - The poll of 1,003 Americans, conducted by Princeton Survey Research Associates International, showed impressive savings habits among millennials, particularly younger ones, McBride said. Thirty-one percent...

Here’s where your country ranks on retirement. The U.S.? No. 14

NEW YORK - In the retirement security Olympics, it’s a sweep for northern Europe. Norway, Switzerland and Iceland won the top three spots in Natixis...

What millennials are doing right — and wrong — about retirement

Millennials may be overly confident about their investing skills, but many are handling their 401(k)s with savvy, a new study by Wells Fargo Institutional...

Tax refunds aren’t for spending this year

NEW YORK - Americans will get back some $330 billion in tax refunds this year, and more than half of that is earmarked for...

These millennials are socking away 15% of their salary

NEW YORK - Iron Man. Wonder Woman. Millennial Super Saver. He or she is an ordinary human, 18 to 34, who saves at least 15...

Guest Column: It’s a great time for a risk-tolerance reality check

Financial advisers say clients often overestimate their tolerance for risk. But data suggest it’s really financial advisers who become more nervous than they expected...
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