Let’s start with the good news: U.S. workers’ pay is up roughly 4% this year, with median household income in April reaching roughly $88,000, according to government data. Now for the bad: That’s still nearly $30,000 short of what online real estate firm Redfin estimates Americans need to earn to afford a home. Households need … Read more
Interest earnings with an 18-month CD could be significant if savers lock in a high rate now. Pla2na/Getty Images With inflation surging, elevated interest rates causing borrowing costs to remain higher and rising oil prices, millions of Americans are looking for ways to protect and grow their money right now. And a certificate of deposit … Read more
Interest earnings on a $150,000 high-yield savings account will stack up fairly quickly. PHIL LEO/PM Images/Getty Images When you have a large, six-figure amount of money saved, the investing options that present themselves are numerous. Stocks, known for big losses but double-digit returns, historically, are worth considering, as are bonds. Real estate is another viable … Read more
Significant interest earnings on a $40,000 short-term CD can pile up quickly in today’s elevated rate climate. sakchai vongsasiripat/Getty Images If you’ve been able to save a large amount of money – such as $40,000 – in recent years, then you probably want to keep a close eye on it. And investing it now, when … Read more
A $40,000 deposit into a long-term CD could be worth considering for some savers in today’s economy. Getty Images/iStockphoto A savings account worth $40,000 by any measure can be considered a success. But in the economic terrain of recent years, marked by decades-high inflation and elevated borrowing costs, saving that much money is an even … Read more
BOSTON — At Harvard University, earning straight A’s is about to get harder. Harvard’s Faculty of Arts and Sciences announced Wednesday that it would limit the number of A grades awarded to undergraduates, adopting one of the most ambitious efforts by a major university to curb grade inflation. The decision was made by faculty vote … Read more
A $100,000 CD account could be worth considering now with interest rates high and on hold. PLCNSK/Getty Images If you have a large, six-figure amount of money that you’re unsure what to do with, it may be tempting to simply invest it in stocks or bonds. After all, historically, returns on stocks have been shown … Read more
Interest earnings on $2,500 will look different depending on which account it’s deposited in. Getty Images/iStockphoto Savers should always be exploring the best and most effective ways to grow and protect their money. And that’s true whether the interest rate environment is elevated, as it is currently, or not. And it’s true even for those … Read more
Social Security recipients may get a big COLA adjustment at the end of the year, but they don’t have to wait until then to start earning more on their money. JJ Gouin/Getty Images The surge in inflation that occurred in recent months could lead to a larger-than-usual cost-of-living adjustment (COLA) for Social Security recipients. That was … Read more
“CBS Mornings” exclusively announced that Athlos winners will earn equity in the league at this year’s event. This is in addition to competing for the largest prize pool in league history at more than $2.1 million across seven events. Athlos’ founder Alexis Ohanian explains how it will work, how it can change professional sports and … Read more