Fifty years after Congress passed a landmark retirement law, 401(k) and I.R.A. accounts enrich mostly higher-income households. Here are five ways they can be improved.
Category: Income
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For L.G.B.T.Q. People, Moving to Friendlier States Comes With a Cost
Laws targeting gender-affirming care have uprooted thousands. But places that are more supportive can also be more expensive.
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GDP Gain in First Quarter Revised Downward in U.S.
Consumers eased up on spending in the face of rising prices and high interest rates, Commerce Department data shows.
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Why Better Times (and Big Raises) Haven’t Cured the Inflation Hangover
Frustrated by higher prices, many Pennsylvanians with fresh pay raises and solid finances report a sense of insecurity lingering from the pandemic.
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India Election: What 10 Years of Modi Has Meant for the Economy
Narendra Modi has kept India on its swift upward path among the world’s largest economies. Many Indians are better off, though wealth gaps have widened.
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A Mortgage After 65: A ‘No Brainer’ or a Big Risk?
Fueled by once-low rates, more older Americans have mortgage debt, according to new research. But the downsides can be significant, some experts say.
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Medicare Recipients Can Save on Drugs in 2024
Federal law set caps on some spending for seniors who are enrolled in Part D prescription drug plans. Those paying for high-cost medicines will benefit.
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U.S. Economy Grew at 3.3% Rate in Latest Quarter
The increase in gross domestic product, while slower than in the previous period, showed the resilience of the recovery from the pandemic’s upheaval.
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Keeping a Midlife Crisis From Wrecking Your Retirement Plan
Entering your 40s can throw you into an emotional tailspin — one that may lead you to spend more and jeopardize your nest egg.