401(k) matches could end as more employers prepare for a recession. You can withdraw from your 401(k) without facing tax penalties if you’re laid off.
Author: Elisabeth Buchwald, USA TODAY
Some prices are dropping, though inflation remains high. Here’s what’s cheaper.
Inflation is hovering at 7.7%, a slight improvement from September. But some prices are coming down providing a little bit of relief to Americans
Fed hikes interest rates again. Will it slow them down now?
The Federal Reserve hiked its interest rates by 0.75 percentage point to fight inflation. The aggressive hikes risk igniting a recession.
What to avoid, what to buy? How to financially prepare for 2023 — in case of recession.
Economists widely predict the U.S. will enter a recession next year. Take the time now to build up savings and pay off debt, financial advisors say.
Buy now, pay later delinquencies could get ‘dangerously’ high. What will companies do about it?
Buy now, pay later companies like Affirm and Afterpay are seeing delinquencies tick up. That may cause them to deny access to certain users.
Social Security inflation adjustment to boost benefits by 8.7% in 2023, biggest since 1981
Social Security COLA will increase by 8.7% in 2023. The adjustments are based on the CPI-W, a broad inflation measure
‘Policymakers should be prepared for the worst,’ JPMorgan CEO Jamie Dimon tells Congress
Ahead of the Fed’s 75-point rate hike, JPMorgan Chase CEO Jamie Dimon urged lawmakers to “be prepared for the worst.”
Falling gas prices are helping as Americans tackle higher cost of child care, utilities
Gas prices fell by 20% since their June peak. But Americans are getting hit with higher costs of utilities and child care, canceling out savings.
Average credit scores stopped jumping. Is that a sign of a recession?
During the pandemic, credit scores hit new highs. But now they’re leveling off as consumers are saddled with more debt and inflation is high
Meme stocks are having another round of meme stock mania. What does that mean?
Meme stock frenzy: Shares of Bed Bath and Beyond, GameStop, AMC and APE are experiencing high volatility. Is meme stock mania back in full swing?