by Myles Udland, Yahoo! Finance
With inflation surging and pandemic-related stimulus rolling off the books, U.S. savers are under pressure. In April, the U.S. personal savings rate fell to 4.4%, the lowest since September 2008, according to data from the Commerce Department published Friday.
Talia Kaplan, Fox Business
U.S. truckers discussed the "unprecedented" diesel price surge on Thursday, noting that the situation is posing a real crunch for drivers and explained what they are doing to try and alleviate the burden.
Ramsey Solutions
America may be called the land of opportunity, but few Americans today really believe they have what it takes to become wealthy. They’ve fallen for the myth that in order to be a millionaire, they need a big income or a rich family. But The National Study of Millionaires by Ramsey Solutions proves that these beliefs about how millionaires got their money are wrong. Flat wrong.
Society of Actuaries
Southern California Gas Co. and Pacific Gas & Electric began warning customers in January that they would see higher bills after the wholesale price of natural gas hit record highs. But reality didn't sink in for many customers until their bills started arriving later in the month.
Society of Actuaries
California's electric grid faces years of potential blackouts and failure as state leaders continue pushing aggressive measures to transition to renewable energy sources, policy experts tell Fox News Digital.
Society of Actuaries
When Democratic California Gov. Gavin Newsom called a special legislative session in December to tax California’s oil refiners out of their "excessive" profits, he was following a well-trod path of Golden State governors blaming the oil and gas industry for the state’s high energy prices.
Ariziona Dept. of Revenue
Stocks slipped on Friday to end a brutal 2022 with a whimper, as Wall Street wrapped up its worst year since 2008 on a sour note. The Dow Jones Industrial Average slid 73.55 points, or 0.22%, to close at 33,147.25. The S&P 500 shed 0.25% to end at 3,839.50. The Nasdaq Composite ticked down 0.11% to 10,466.88.
Z-doner
Matthew Frankel, CFP
Social Security provides a foundation of income on which workers can build to plan for their retirement. It also provides valuable social insurance protection to workers who become disabled and to families whose breadwinner dies.
Society of Actuaries
America’s Baby Boomers are at the threshold of the most widely heralded passage into retirement of any generation. Maturing into seniorcitizen status brings to the forefront major concerns for their financial security and wellness.
