‘What’s the point’ of saving money

Xavier Lorenzo | Moment | Getty Images Gen Z seems to have a case of economic malaise. Nearly half (49%) of its adult members — the oldest of whom are in their late 20s — say planning for the future feels “pointless,” according to a recent Credit Karma poll. A freewheeling attitude toward summer spending … Read more

How markets performed for investors so far

Traders work on the New York Stock Exchange floor on Dec. 18, 2024. Spencer Platt | Getty Images For all the drama in the stock market of late, investors’ portfolio balances may not look too different from when President Donald Trump entered office. There have been some unnerving days amid the Trump administration’s tariff policies. … Read more

The second-quarter estimated tax deadline for 2025 is June 16

Pra-chid | Istock | Getty Images The second-quarter estimated tax deadline is June 16 — and on-time payments can help you avoid “falling behind” on your balance, according to the IRS. Typically, quarterly payments apply to income without tax withholdings, such as earnings from self-employment, freelancing or gig economy work. You may also owe payments … Read more

Most women wish they started investing sooner, Schwab finds

D3sign | Moment | Getty Images Women who invest began at an average age of 31, but most wish they had started putting money in the market earlier, a recent survey said. Nearly all — 90% — of the women investors surveyed said they’re “on the right track” to achieve their financial goals, according to … Read more

GOP’s ‘big beautiful’ bill may change student loan bills

US Speaker of the House Mike Johnson, Republican from Louisiana, speaks during a news conference after a House Republican conference meeting on Capitol Hill in Washington, DC on June 4, 2025. Saul Loeb | Afp | Getty Images Republicans’ One Big Beautiful Bill Act could result in higher monthly payments for many federal student loan … Read more

Salary needed to live comfortably in 2025

With higher prices now firmly entrenched, and President Donald Trump’s tariffs fueling inflationary concerns, most Americans say they need an income boost to get by, according to a new report. Nearly half, or 45%, of all adults said they would need to make $100,000 or more a year to feel financially secure, Bankrate’s financial freedom … Read more

The average 401(k) savings rate is at record-high levels, report finds

Milan Markovic | E+ | Getty Images The average 401(k) savings rate has maintained a record high, as some retirement plans make it easier for workers to enroll and contribute. In 2024, the average combined savings rate for employee deferrals and company deposits was an estimated 12%, according to Vanguard’s newly released yearly analysis of … Read more

Paying for your own cell phone plan

These days, it’s common for parents to give their adult children some financial support. But it wouldn’t take a lot to be considered independent. About three-quarters, or 76%, of Americans say that coming off a parent’s cell phone plan is one of the “ultimate signs” of adulthood, according to a recent survey of over 2,000 … Read more