Savings

The personal savings rate is currently just 2.7%, much lower than it was in decades past.

Companies downsize or go bust, partners get sick, kids need childcare help. And premature retirees end up without the bank balances they’d hoped for.

For now, the only way parents can sign up is by submitting a form with their tax returns.

The accounts are not opened automatically. Families must opt to open them — and experts worry that some low-income kids may get left out.

Pauline Gray’s house burned down in the LA fires. She lost everything. But she’s a planner — and determined to stay positive through the rebuilding process.

"Who knows what's going to happen next?" said one soon-to-be retiree. "It's not like we're 30 and we can recoup."

The past month has been a “buckle up” moment for investors nearing retirement.

Income growth is continuing to propel the U.S. economy. But whether consumers keep spending into next year could depend on where they are on the income scale.

Incomes are up, consumption is up too — but the personal savings rate is down to 3.4%.

American workers now expect to retire at a younger age than they did before the pandemic. But what kind of retirement will it be?