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The headline U.S. unemployment rate fell from 6.7% at the end of December 2020 to 3.9% in December 2021 : the biggest one-year improvement in history.1 While many workers took advantage of…

If you shop online, you might have noticed a growing number of buy now, pay later (BNPL) services that offer the option to spread out the payments on your purchases. Buyers who…

An initial public offering (IPO) is the first public sale of stock shares by a private company. IPOs are important to the financial markets because they help fuel the growth of innovative…

Each day, millions of parents, children, siblings, and spouses selflessly sacrifice their time and energy to care for family members affected by illness, injury, or disability. Their efforts help meet numerous social,…

The Fed Pivots to Fight Inflation On December 15, 2021, the Federal Open Market Committee (FOMC) of the Federal Reserve System made a significant shift in monetary policy in response to rising…

Water damage to your home from a leaking pipe, a broken dishwasher, or a hole in your roof : water that comes from the top down : is typically covered by your…

According to a March 2021 survey, an estimated 2.8 million Americans age 55 and older decided to file for Social Security benefits earlier than they expected because of COVID-19. This was about…

High Inflation: How Long Will It Last? In March 2022, the Consumer Price Index for All Urban Consumers (CPI-U), the most common measure of inflation, rose at an annual rate of 8.5%,…

HENRY is a catchy acronym for “high earner, not rich yet.” It describes a demographic made up of young and often highly educated professionals with substantial incomes but little or no savings.…

The Americans with Disabilities Act (ADA), which passed more than 30 years ago, made it illegal to deny job opportunities to people based on their disabilities, mandated “reasonable accommodations” to make buildings…

The IRS issued more than 128 million income tax refunds for the 2020 filing season, putting $355.3 billion into the hands of U.S. consumers.1 For most recipients, such a sudden influx of…

As families grow in size and overall wealth, a desire to “give back” often becomes a priority. Cultivating philanthropic values can help foster responsibility and a sense of purpose among both young…

Every year, the Internal Revenue Service announces cost-of-living adjustments that affect contribution limits for retirement plans and various tax deduction, exclusion, exemption, and threshold amounts. Here are a few of the key…

The Social Security Administration (SSA) provides personalized Social Security Statements to help Americans age 18 and older better understand the benefits that Social Security offers. Your Statement contains a detailed record of…

An estimated 102.5 million investors : representing almost 46% of U.S. households : owned mutual funds at the end of 2020 (most recent data). These individual retail investors held about 89% of…

According to the National Insurance Crime Bureau, catalytic converter thefts began to skyrocket during the second half of 2020, and local reports indicate that the trend continued in 2021.1–2 Catalytic converters, the…

Investor demand for exchange-traded funds (ETFs) has increased over the last decade due to some attractive features that set them apart from mutual funds. At the end of 2021, almost $7.2 trillion…

The number of working Americans age 65 and older dropped by 1.1 million during the first three months of the pandemic and has been slower to recover than other age groups. Even…