CNN — Consumer resilience has helped keep the economy strong during the Federal Reserve’s rate-hiking cycle. But will this strength continue or will it fade away? It depends where you look. From Beyoncé’s “Renaissance” tour to the “Barbenheimer” trend to Taylor Swift’s “Eras” shows, US consumers have increased their spending power despite the slowdown in … Read more
Chibougamau, Quebec CNN — When the Silver State Hotshot crew arrived from Nevada a few weeks ago, Canada’s wildfires had already burned millions of acres and broken all-time fire records. So everyone already knew what they were dealing with. “For us in the states, this would be one of the biggest fires of all time… … Read more
CNN — It’s age-old questions: How much does it take to feel financially secure? How much would you need to feel rich? According to a new Bankrate survey, more than 2,500 US adults said they needed to earn an average of $233,000 a year to feel financially secure and $483,000 a year to feel wealthy … Read more
CNN — Wall Street bankers, investors and economists have been puzzling for months whether a recession is imminent in the US. But for some Americans, the relentless economic pain that typifies a recession has already set in. Al Brown and his fiancée faced a tough question when reviewing their weekly budget in May: Which is … Read more
new York CNN — The average balance of employer-sponsored savings plans last year was $112,572, well below the $141,542 in 2021. That’s according to the latest annual report, How America Saves, from investment firm Vanguard, which acts as bookkeeper for defined contribution plans that collectively have nearly 5 million participants with an average age of … Read more