BofA Report Finds 401(k) Account Balances Increased by 15% in 2023, Health Savings Account Balances Increased by 11%
Percentage of plan participants who increased their 401(k) contribution rate doubled in Q4.
Recent
Retail Employees are Working Fewer Hours. Here's Why That's a Risk to the Economy.
January’s blockbuster jobs report shocked Wall Street and defied predictions of a cooling labor market. Headline number doesn’t paint entire picture.
Americans are Actually Pretty Happy With Their Finances
Americans overall have a surprising degree of satisfaction with their economic situation, according to findings from the Axios Vibes.
A Rolling Debt Transfer is Coming: 'Debt Does Not Miraculously Disappear'
Nearly half of Americans expect to leave debt to their loved ones.
Biden Administration Issues Rule That Could Curb 'Gig' Work, Contracting
U.S. Department of Labor issued a final rule that will force companies to treat some workers as employees rather than independent contractors.
Layoffs Soared 98% in 2023 With Employers in Cost-Cutting Mode
In 2023, companies planned 721,677 job cuts, 98% jump from 2022, according to report from outplacement firm Challenger, Gray, and Christmas.
US Consumer Debt Just Returning to Normal Levels, Bernstein Says
Strains on US consumer spending such as rising delinquency rates on credit cards largely indicate Americans’ debt is returning to pre-pandemic levels.
