Employers are predicting an increase of as much as 9 percent, on average, but are generally avoiding passing along much of that to their employees, industry groups say.
Category: Personal Finances
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The Market Is Fairly Upbeat. Is It the Calm Before a Storm?
Stocks have risen this year despite uncertainties and outright hostilities in U.S. politics and around the world. But bonds and other markets show signs of concern, our columnist says.
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Their Parents Are Giving Money to Scammers. They Can’t Stop Them.
One son couldn’t prevent his father from giving about $1 million in savings to con artists, including one posing as a female wrestling star. The two became estranged.
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For Investors, What if This Time Is Different?
Disregarding politics has worked brilliantly in the United States for a century. But market history offers comfort only up to a point, our columnist says.
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Myths About Getting Cheaper Car Insurance for Teen Drivers
Here’s what could happen if you don’t tell your insurer about any teenage drivers in your family — or try to get a separate policy for them altogether.
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I Can’t Buy a House. I Can’t Shop. I’m Too Worried About the Election.
Election anxiety is causing many consumers to avoid big-ticket purchases like houses, weddings and cars. “Every four years this happens,” one former car dealer said.
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Family Car Insurance Bills Are Rising. Here Are Some Money-Saving Tips.
Have several children, a driveway full of cars and a few moving violations? Good luck to you. There are some ways to lessen the financial pain.
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Homeowners Tap Into Their Rising Home Equity
Balances on home equity lines of credit have risen along with home equity loans. Popular reasons for borrowing include home renovations and repairs and debt consolidation.
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Money Market Rates Are Lower, Yes. But Compared to What?
Even with further Fed rate cuts likely, money market funds are a good alternative for stashing cash, and investors are still flocking to them, our columnist says.
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Why Millennials Prioritize Spending Money to Improve Their Lives
Placing a high value on personal growth, millennials and Gen Z appear more likely than older generations to make hobbies and nonessential purchases a spending priority.
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What to Do if You Fall Behind on Auto Loan Payments
The Consumer Financial Protection Bureau suggests that lenders may be overzealous in repossessing cars.