Personal spending

If you're 'unretiring' and collecting Social Security, here's what to know before heading back to work

If you’re ‘unretiring’ and collecting Social Security, here’s what to know before heading back to work

Kelvin Murray | Getty Images A combination of record high prices and a record number of job openings has been encouraging more retirees to go back to work. The trend, called “unretirement,” rebounded this spring to pre-pandemic levels. About two-thirds, or 68%, of retirees would consider returning to work, according to a recent CNBC All-America …

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Early retiree shares 13 'stupid simple' money rules that helped him save $1 million: 'I wasn't born rich'

Early retiree shares 13 ‘stupid simple’ money rules that helped him save $1 million: ‘I wasn’t born rich’

I will remember December 23, 2016 for the rest of my life. It was my last day working a full-time job. My wife and I retired early at 33 and 35, respectively, after accumulating $870,000 working in information technology. With the help of the market, our net worth increased to $1 million shortly after. I …

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Social Security cost-of-living adjustment could be 10.5% in 2023, according to new estimate

Social Security cost-of-living adjustment could be 10.5% in 2023, according to new estimate

Kevin Dietsch | Getty Images Social Security beneficiaries will be in line to receive a record high cost-of-living adjustment in 2023 due to inflation. The question is exactly how high it may be. Based on new Consumer Price Index data for June released on Wednesday, The Senior Citizens League, a nonpartisan senior group, now estimates …

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70% of Americans think a recession is coming: Here’s what they are doing to prepare

70% of Americans think a recession is coming: Here’s what they are doing to prepare

Woman on her back pushing shopping cart in supermarket aisle David Espejo | Getty Images Experts are weighing the odds as to how likely a recession is and how fast it could come upon us. Most Americans — 70% — already believe an economic downturn is on its way, according to a new survey from …

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A self-made millionaire shares her top 18 'recession money rules': It is 'reasonable to be worried'

A self-made millionaire shares her top 18 ‘recession money rules’: It is ‘reasonable to be worried’

Worried about what your financial situation will look like in a year — or even in a few months — from now? With all the concerns about economic growth, it’s reasonable to be worried about a potential recession. But the key is to start preparing now so that you’re in the best position with your …

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Amazon Prime Day is coming up. Focus will be on consumer staples to counter surging inflation, experts say

Amazon Prime Day is coming up. Focus will be on consumer staples to counter surging inflation, experts say

Amazon Prime Day is one of the most anticipated shopping events of the year. But in 2022, shoppers may be less interested in backyard entertaining or Black Friday-type deals and more eager to score discounts on consumer staples to counteract runaway inflation. “People who want to participate in Prime Day are going to be focusing …

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80% of socially responsible ESG investors also own cryptocurrency: Here’s how they reconcile conflicting values

80% of socially responsible ESG investors also own cryptocurrency: Here’s how they reconcile conflicting values

Students participate in the Global Climate Strike march in New York City. Johannes Eisele | Afp | Getty Images As the bull market flourished in 2021, many investors took a shine to investments that reflected their values. Environmental, social and corporate governance — or ESG — investments attracted record levels of new assets. Last year, …

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Hot inflation data points to a record-high Social Security cost-of-living adjustment in 2023. Some want to change how increases are measured

Hot inflation data points to a record-high Social Security cost-of-living adjustment in 2023. Some want to change how increases are measured

Image Source | Getty Images New government inflation data came in hotter than expected last week. If record-high prices don’t subside, that will lead to a higher Social Security cost-of-living adjustment in 2023. Yet even with a more generous boost to benefits next year, there’s a growing campaign to change the way those annual benefit …

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Consumers changing eating, shopping habits as inflation pushes up prices

Consumers changing eating, shopping habits as inflation pushes up prices

A man shops for meat at a Safeway grocery store in Annapolis, Maryland, on May 16, 2022, as Americans brace for summer sticker shock as inflation continues to grow. Jim Watson | AFP | Getty Images The highest inflation in roughly 40 years is prompting people to shift their shopping habits, especially at the grocery …

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