Personal finance

Term life insurance is often best, financial advisors say — but most people buy another kind

There are two broad categories of life insurance, and data suggests many households aren’t buying the most cost-effective one. Americans…

Publishers Clearing House to refund customers $18.5 million in FTC settlement for ‘deceptive’ practices

Publishers Clearing House will refund $18.5 million to customers and make changes to its online business practices as part of…

How many credit cards should you have? The answer isn’t zero, say experts

Who’d think a little plastic rectangle could be associated with so much mystery and angst? When it comes to credit…

Americans’ buying power rose for first time since March 2021 amid falling inflation

Workers saw their buying power grow in May for the first time in two years, as inflation continues to fall…

4 ways ‘anchoring bias’ can hurt you financially

Humans use mental shortcuts in everyday life to help process information and make speedy decisions. But they can lead to…

House GOP retirement fund bill takes aim at ESG investing

House Republicans are continuing their attempt to pump the brakes on so-called “woke” investing with new legislation that could place…

Biden plugs pro-union record, economic agenda at his first major 2024 campaign rally

President Joe Biden on Saturday marked the first major event of his 2024 reelection campaign with a union rally, highlighting…

Why Charles Schwab became a financial ‘supermarket’

Charles Schwab Corp. is the largest publicly traded brokerage business in the United States with $7.5 trillion of client assets,…

‘We’re all crazy when it comes to money,’ advisor says. How to manage your psyche for better finances

Human psychology and money don’t mix well. Left unchecked, our psyches can easily sabotage financial decision-making, behavioral experts said during…

The rich often misjudge the potency of their retirement savings, report finds

Many Americans are mistaken about their financial preparedness for retirement. But overconfidence skews higher for the wealthy than for others,…