The cost of living crisis is weighing on employees. And as companies roll out more unique benefit offerings designed to support staffers, they should spend some time thinking about the financial benefits that workers actually want. Two out of three U.S. employees ranked financial wellbeing as the top area within wellbeing overall in which they
Savers, time for your happy dance. Interest rates will stay higher for longer in 2024. The Federal Reserve held interest rates at a 23-year high this week while curtailing its estimate of rate cuts this year from three to one. Elevated rates are certainly sweet news for short-term savers, “with the top yields on savings
madamF / Shutterstock.com When building wealth and planning for retirement, many carefully consider the decision between investing and saving. Investing has the potential for higher returns, but there’s always a risk since values often fluctuate. On the other hand, saving doesn’t produce a high return, but it’s a safe bet. So what’s the better option? GOBankingRates spoke with
SARINYAPINNGAM / Getty Images/iStockphoto With the passage of the SECURE 2.0 Act, Congress has approved a number of changes to traditional employer-offered retirement plans in an effort to encourage people to save. Read More: Retirement Savings: I Lost $400K in a Roth IRA Explore More: 5 Genius Things All Wealthy People Do With Their Money
Mutual Funds vs bank deposits: A change in how consumers view money, shifting from saving to investing, is tightening the availability of funds in banks. The shift from saving to investing among consumers is reducing the amount of available money in banks, as more people are choosing mutual funds over traditional savings accounts. Adhil Shetty,