Social Security’s ‘taxable maximum’ inches higher—but will it make a dent in the trust fund?

Social Security’s payroll tax cap was raised nearly 9% for 2023, meaning more income will face Social Security taxes next year, but the rise is unlikely to affect the solvency of the trusts underpinni...

Inflation Pushes Social Security COLA to 8.7% in 2023, Highest Increase in Four Decades

Social Security checks will be 8.7% bigger in 2023, the largest cost-of-living adjustment to benefits in four decades, the Social Security Administration said Thursday. The extra funds will provide re...

‘The mood has turned darker’: Desperate to outrun inflation, people are making big (and easy) changes to their habits. You can too.

We never were the same after last summer. Stubbornly high inflation rates in recent months and several interest rate hikes by the U.S. Federal Reserve are impacting consumer behavior. That’s according...

A shocking number of baby boomers and Generation X plan to work past 70—or forever

Almost half of baby boomers and more than one-third of Generation X expect to work past age 70 or do not plan to retire at all, highlighting the need for backup plans in case life’s unexpected events ...

Baby boomers, Generation X expect to work past 70 — or forever

Almost half of baby boomers and more than one-third of Generation X expect to work past age 70 or do not plan to retire at all, highlighting the need for backup plans in case life’s unexpected events ...

‘We’re likely to see one of the greatest transfers of intergenerational wealth,’ says head of TIAA

For 25 years, we at MarketWatch have made retirement one of our core coverage areas. We have tried to help our readers navigate the fraught and often confusing issues surrounding saving, investing and...

Is the Stock Market Open Today? Here Are the Hours for Columbus Day 2022.

Columbus Day arrives this year after investors navigated choppy waters last week. The S&P 500 marked its largest two-day gain since April 2020 on Tuesday, after a weak ISM manufacturing activity r...

Americans are souring on the housing market and California is now giving residents up to $1,050 of ‘inflation relief’ — here’s who is eligible

Hi, MarketWatchers. Don’t miss these top stories. September jobs report highlights major shift in white-collar work — as Labor Department plans changes to jobs questionnaire ‘The old question was beco...

Americans are souring on the housing market. Home buyer sentiment hits lowest level since 2011 — and mortgage rates reach 7%.

There’s no respite for home buyers these days. From rising rates, high home prices, and an uncertain economic outlook, shoppers are finding it hard to jump into purchasing a home.  Fannie Mae noted th...

American households and businesses are seeing their savings deteriorate as ‘financial fragility’ rises

After socking away savings during the aftermath of the COVID-19 crisis, American households and businesses are watching their financial cushions rapidly deteriorate as prices have soared and the Feder...

If Hurricane Ian destroyed your home, take these critical first steps for disaster relief and insurance

The full financial and human price of Hurricane Ian’s destruction is still unknown, days after it lashed Florida, and now with the Carolinas fresh off its wrath. But even with the immediate search-and...

Chinese Tech Billionaire Richard Liu Settles Sexual-Assault Case in Minnesota

MINNEAPOLIS—A legal battle that Chinese feminists had seen as pivotal for the country’s embattled #MeToo movement ended abruptly just before a jury was set to hear the case in a Minnesota courtroom. R...

Opinion: The Federal Reserve is missing a crucial turning point in its fight against inflation because it believes in flawed data

The Federal Reserve can’t see the probable economic crash that is coming because it’s still looking into the rearview mirror, where it sees nothing but high inflation. The danger arises because the co...

Toyota Softens Toward Critics of Its EV Push

Sept. 25, 2022 5:33 am ET Listen to article (2 minutes) Toyota Motor wants to meet with critics who say it is behind rivals in the race for greener cars, nearly a year after the auto maker pledged to ...

‘I would not have been able to do it without him’: I built a property portfolio with 23 units while we were dating. How much should I give to my fiancé in our prenup?

I’m about to marry a wonderful man. I built an investment portfolio of 23 units while we were dating. Now we’re questioning how to create a prenuptial agreement. Over the years, I have identified, pur...

Why the ‘sell Rosh Hashanah, buy Yom Kippur’ trade is a tough call as stock-market selloff deepens

It might seem arbitrary to take investing advice from old market adages, but there is one market strategy commonly mentioned ahead of the Jewish holidays – “Sell Rosh Hashanah, Buy Yom Kippur.”  This ...

6 in 10 people with credit-card debt say they’ve owed money for at least a year

Nearly half of all credit-card users say they’re carrying debt each month — and 60% of people with credit-card debt have owed money for at least a year, according to a new report from Bankrate’s Credi...

Buy Eli Lilly Stock. Its Obesity Drug Mounjaro Will Be a Hit, Analyst Says.

Text size Eli Lily said in August that initial demand for Mounjaro was strong. Daniel Acker/Bloomberg Eli Lilly’s novel treatment for diabetes and obesity could become one of history’s bestselling dru...

Brace yourselves, the Fed is about to inflict ‘some pain’ to fight inflation — here’s how to prepare your wallet and portfolio

The Fed is ready to bring the pain. Are you prepared? Weeks ago, Federal Reserve Chair Jerome Powell cautioned there would be “some pain to households and businesses” as the central bank jacks up inte...

Home values in August saw their largest monthly decline since 2011. Some cities see house prices drop by 3%.

Home values are edging down as buyers remain spooked by high mortgage rates, according to a new report. The typical value of a home in the U.S. fell 0.3% in August from the previous month, according t...

Social Security’s retirement age is 70

An informal survey of staff at the Center for Retirement Research asking “What is the current retirement age for Social Security?” produced a range of responses.  About half — mostly the “old hands” —...

What will people do after getting $10,000 or $20,000 in student debt forgiven? MarketWatch asked readers — here’s the No. 1 answer.

Americans’ student debt loads are poised to lighten up and people are making plans on what’s next for their freed-up cash. Borrowers appear to have two prime targets in mind: getting current on their ...

Gen Z trusts this man more than Warren Buffett for financial advice — and he says this is the single best habit to adopt if you want to save money

Humphrey Yang Uncredited When asked which social media financial influencers they follow and trust, more Baby Boomers and Gen Xers chose Warren Buffett than anyone else. But for Gen Z, he only came in...

Another sign of a looming recession? Americans’ ‘financial health’ fell for the first time in five years

Are you late paying for your utilities? Do you have enough set aside for a rainy day? Less than one-third (31%) of Americans are “financially healthy” in 2022, down 3% from a year ago, according to th...

Opinion: Americans are feeling poorer for good reason: Household wealth was shredded by inflation and Fed tightening

U.S. households’ real wealth plunged at a record 20.9% annual rate to $143 trillion in the second quarter of the year, with modest gains in home values offset by high inflation and a big selloff in th...

Will Social Security Run Out? No, but It Will Hit a Breaking Point. What It Means for You.

Will Bowron doesn’t give much thought to retirement. The 32-year-old from Birmingham, Ala., is busy with his job at his family’s coffee and tea roaster, his wife and young child, and a side career wri...

‘Social Bonds’ Help People. Investors in Them Get Paid.

When Rook Soto lost his law enforcement job in 2010 for health reasons, he had big medical bills and had to take temporary jobs to survive. For a month, he was homeless and lived out of a van. Soto ha...

Compounding a disastrous year for Bitcoin and other cryptocurrency: IRS proposes controversial new question about digital assets

The Internal Revenue Service could have a potential head-scratcher of a question about your crypto investments and what’s taxable, according to a major accountants’ association. For two years, the IRS...

Must be ‘fit and active’ or ‘digital native’: how ageist language keeps older workers out

Ageism is wrong. Age discrimination is illegal. But if you are or have been an older job seeker and you suspect your age is a barrier to getting job offers, your instincts aren’t wrong. “Ageism is a r...

U.K. Tobacco Company Imperial Brands Is a Good Bet Against Inflation

Tobacco companies as a whole have historically been one of the most recession-resistant industries. Dreamstime Text size Stockholders have had a rough time this year, with surging inflation and fears ...