Employers have been increasingly implementing automated features in 401(k) plans to help boost employees’ retirement savings. However, new research suggests that the benefits of these automated savings strategies may not be as significant as previously believed. Factors such as job turnover and cashing out 401(k) balances when leaving a job can significantly reduce the long-term
The latest data from the S&P CoreLogic Case-Shiller U.S. National Home Price Index reveals that despite mortgage interest rates increasing, home prices have reached the highest level ever. In June, prices nationally were 5.4% higher compared to June 2023. Although this marks a record high for the index, the annual gain was slightly lower than
As the season of fall foliage and pumpkin spice lattes approaches, the job market may also be turning over a new leaf. Career experts suggest that a “September surge” occurs, with more job postings becoming available after Labor Day. This surge is tied to the end of a summer slowdown as job recruiters and hiring
The landscape of ownership is changing rapidly in today’s society. A report by Intuit Credit Karma reveals that Americans are increasingly choosing to rent various goods and services, ranging from cars and apartments to clothing and furniture. Affordability is one of the key factors driving this shift, with 47% of adults opting to rent, especially
In recent years, the landscape of cannabis consumption in New York City has experienced a significant shift towards luxury retail. The legalization of adult-use marijuana in the state has paved the way for a new wave of upscale dispensaries targeting high-end consumers. Striding down Fifth Avenue, shoppers can now browse through high-end fashion stores like
The airline industry has faced significant challenges over the past year due to the impact of the pandemic. Airlines that were once clamoring for new jets are now changing their tune as they struggle to return to steady profitability. The industry has been flooded with flights, particularly in the domestic market, where low-cost carriers concentrate,
Manhattan, New York is famous for its exorbitant real estate prices, with the median price per square foot being $1,500. This makes it one of the most expensive places to live in the world. However, when comparing the price of a 500-square-foot apartment in NYC to properties in popular Mediterranean destinations, the vast difference in
Retirees who are concerned about the high costs of prescription drugs will soon have a new relief starting in 2025. Medicare drug plan enrollees will have their annual out-of-pocket drug costs capped at $2,000, providing significant financial benefits to those who rely on Medicare Part D coverage. According to a report from AARP, between 2025
The Food and Drug Administration recently authorized Novavax’s updated protein-based Covid vaccine for emergency use in individuals aged 12 and over. This approval sets the stage for Novavax’s vaccine to compete with the well-known Pfizer and Moderna vaccines during the upcoming fall and winter months. Novavax’s vaccine is specifically designed to target the highly contagious
In today’s housing market, buying a home is becoming increasingly less affordable for many individuals. The combination of higher mortgage rates and a shortage of houses on the market has led to elevated prices, creating a financial crunch for potential buyers. The median sales price for homes has continued to rise, reaching $422,600 in July,