Business

Americans Would Choose Endless Work Over This Surprising Alternative

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Key Takeaways When forced to choose what to sacrifice in retirement, only 15% of Americans would cut the financial support they provide to family members, making it their least preferred option out of nine difficult choices.Americans would rather return to work, skip medical care, or move in with others (22%) than stop helping adult children, grandchildren, or aging parents.For many, family obligation outweighs personal security. When the Alliance for Lifetime Income surveyed Americans about what sacrifices they'd make to stretch retirement savings, reducing family financial support ranked dead last—chosen by only 15% of respondents. That figure is way behind having…

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JPMorgan Chase to invest $10 billion into key industries

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Jamie Dimon, chief executive officer of JPMorgan Chase & Co., during a Bloomberg Television interview at the JPMorgan Chase & Co. Capital Markets conference in Paris, France, on Thursday, May 15, 2025. Cyril Marcilhacy | Bloomberg | Getty ImagesJPMorgan Chase on Monday said it is launching a decade-long plan to help finance and take direct stakes in companies it considers crucial to U.S. interests.The bank said in a statement it would invest up to $10 billion into companies in four areas: defense and aerospace, "frontier" technologies including AI and quantum computing, energy technology including batteries, and supply chain and advanced…

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Savings and CD Rates Are Likely To Fall This Year—Here’s How Far They Could Go

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Key Takeaways The Federal Reserve is expected to trim rates by about half a point by year-end, which could cause savings and certificate of deposit (CD) yields to decline similarly. Even with rates likely to drift down, it’s still smart to move cash to a high-yield savings account—earning 4% to 5%—so inflation doesn’t erode your buying power. The best nationwide CDs let you lock in rates above 4% for months or years, offering guaranteed earnings no matter what the Fed does next. The full article continues below these offers from our partners. Why Savings and CD Rates Are Easing—and How…

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Americans Work 8.4 Hours Daily—Here’s How That Compares to the Rest of the World

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Key Takeaways American workers log an average of 1,796 hours annually—465 more hours than Germans and 389 more than Norwegians.The U.S. is the only advanced economy with zero mandated paid vacation—and 23% of American workers get none at all.More hours do not necessarily mean more output, as several European nations with significantly more time off outperform the U.S. in productivity per hour worked. Add it up, and the typical American spends more time working each year than most employees in the developed world. Americans average 8.4 hours of work each weekday, according to the Bureau of Labor Statistics—about 1,796 hours…

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CPI Report Will Shine Light On Economy During Data Blackout

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Key Takeaways The Bureau of Labor Statistics is putting out a key inflation report Oct. 24 despite a government shutdown that is delaying most government data.The Consumer Price Index report for September was originally scheduled to go out Oct. 15.The data will help the Social Security Administration determine its annual cost-of-living adjustment and officials at the Federal Reserve set interest rates. The Bureau of Labor Statistics will release a key report on inflation for September despite an ongoing government shutdown that is delaying most of the statistics produced in Washington.The Bureau of Labor Statistics is planning to bring back some…

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Warren Buffett’s Key Advice on Protecting Wealth from Inflation

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Key Takeaways Buffett calls self‑development “the best investment by far” because skills can’t be taxed or “inflated away.”The next‑best hedge is to own stock in companies whose products require little new capital but can raise prices at the rate of inflation or even higher.Firms built on royalty-like models or networks often convert revenue to cash without big reinvestments, giving them room to outpace rising costs. Inflation may ebb and flow, but Warren Buffett's two lessons for fighting it are timeless. Become so good at what you do that people will pay a premium for your skills.Own stock in businesses that don’t…

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The Government Shutdown Raised Doubts About the 2026 Social Security COLA Announcement. Now It’s Getting Back on Track

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KEY TAKEAWAYS Bureau of Labor Statistics employees are returning to work so it can release its September inflation report on Oct. 24.This will allow the Social Security Administration to calculate the 2026 cost-of-living adjustment before the Nov. 1 deadline.Although the government remains shut down, Social Security beneficiaries will soon know how much their checks will increase next year. Security beneficiaries will get an idea about what next year's benefit checks will look like after all. The federal government said it is bringing back some furloughed Bureau of Labor Statistics employees to release the September Consumer Price Index on Oct. 24.…

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Big Bank Earnings, Fed Speakers, Shutdown Data Delays

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After Friday’s big selloff as President Trump fired back at China’s tightening of rare earths export curbs with higher tariffs, investors will be watching closely for the latest trade policy developments. An ongoing federal government shutdown may delay the release of several economic reports, but investors can look forward to a full slate of corporate earnings from big banks and mainstays in the semiconductor industry. JPMorgan Chase, Wells Fargo, Goldman Sachs, and American Express are on the list of major financial firms set to report this week, while reports from TSMC, Johnson & Johnson, and United Airlines will also be…

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One Wedding Weekend Can Cost as Much as a Month’s Rent—Here’s How You Can Cope

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Key Takeaways In August 2025, the average cost of attending a wedding plus a bachelor/bachelorette celebration was just over $2,000, while the average cost of rent in the U.S. was $2,100.Gen Z and millennials report cutting back on housing expenses by renting a smaller home or living with roommates to afford wedding costs.To lower the cost of wedding attendance, guests can share travel costs with friends, give smaller or no gifts, attend without a partner, or skip celebrations that don't involve close loved ones. Celebrating a friend's wedding can cost as much as a month of rent, according to a…

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Real Estate Mogul Warns Homeownership Is Costly, Financial Advisors Offer Different View

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Key Takeaways Real estate investor Grant Cardone said in August that he believes renting is superior to owning, as it can allow a renter to avoid large expenses that come with owning a home.However, several financial advisors told Investopedia that they disagree, and said owning a home remains a reliable long-term investment.Still, many said it's important to evaluate your own situation to make sure you are financially healthy enough to buy and maintain a home. The conventional wisdom about buying compared to renting a home is that owning a home provides you with an investment that will reliably increase in…

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