The recent increase in inflation could mean retirees already receiving their Social Security benefit might see 2022 it rise by about 5%, which would be the biggest annual cost-of-living adjustment (COLA) in more than a decade.
But the even bigger payoff from a large Social Security COLA will be for anyone at least 62 who has yet to start ...Read more
Unlike many diseases that afflict aging humans, there are already cures for the most common, serious and expensive threat to thousands of aging buildings along Florida’s coast, a malady that structural engineers have dubbed “concrete cancer.”
The symptoms show up first as rust-stained columns or cracked balconies — tell-tale signs the ...Read more
Our favorite housing economist — yes, we have one of those — is Jenny Schuetz, a senior fellow at the Brookings Institution, who publishes a steady stream of insightful and practical articles on topics like why getting a multi-year lease is a good idea and whom you should blame for high housing costs (spoiler alert: greedy people). We caught...Read more
Lumber prices, a key cost in home construction and an influence on inflation, have plunged from their peaks this spring but remain well above pre-pandemic levels.
The development is welcome news to people who want to build a new home because, aside from land acquisition and labor, lumber is typically the highest component cost.
Prices on ...Read more
South Florida could become the worst place in the country for renters by the end of the year, partly because wages don’t keep up with exorbitant rent increases. a new forecast shows.
Renters here are likely to devote 40% of their income to rent by the end of the year, according to a forecast by Zillow, an online real estate marketplace that ...Read more
The third round of monthly advance payments for the child tax credit was scheduled to hit bank accounts Wednesday, given that it's Sept. 15.
So what better time for the scammers to text our phones with promises of big cash?
On the night of Sept. 14, I received this text: "Apply for government pandemic extra stimulus bonus of $1,400."
Of ...Read more
Vanguard, which has pioneered low-cost funds that passively track the stock market, plans to launch three new actively managed funds later this year, but they will be available only to customers of the company's adviser service, which charges a 0.30% annual fee.
The funds — Advice Select Dividend Growth, Advice Select International Growth and...Read more
The shrinking paychecks and job losses of 2020 could prove a bit helpful now, as college students and families make a pitch for financial aid for the 2022-23 school year.
Smaller incomes, after all, could mean a better shot at more financial aid. But if you saw big gains picking stocks and day trading online last year, well, you'll have to take...Read more
With more than $30 trillion riding on U.S. mutual funds and exchange traded funds, you would think investors would have a strong grasp of what they pay to own the diversified portfolios.
Mutual funds and ETFs snip off money each year from the portfolio’s assets to cover their costs. Those annual costs are called the annual expense ratio. (Yes...Read more
Bosses lean on the same workers, over and over again
Rob Cross, associate professor of global leadership at Babson College, studies the workday interactions of hundreds of thousands of workers at over 100 organizations, and he’s found that managers and leaders make one critical mistake.
You know how we all have our two to three favorite ...Read more
By one estimate, over a 40-year career the persistent lower pay for women translates to a lifetime earnings penalty of $500,000 less than what men earn (for white women) to more than $940,000 less (for Black women) and $1.1 million less (for Hispanic and Latino women).
Among the causes: gender wage bias by employers; the unequal division of ...Read more
Especially now, grades-obsession can lead to cheating; talk about learning
It’s been a rough year for authentic learning. High school and college cheating levels are skyrocketing — or, at least, more professionals are looking for cheating and finding it. “I’ve seen 100-200% increases,” says psychology professor David Rettinger, who is...Read more
Even finding a place to rent is starting to turn into a battle.
Renters in South Florida are offering hundreds of dollars more than the landlord is asking for, or they’re offering to pay a full year’s rent up front in order to obtain a lease.
The situation is further complicating a cutthroat real estate market. Homebuyers are spending well...Read more
With your financial life resembling a three-dimensional chess game — bills, retirement saving, sending kids to college — working with a financial adviser can be a very smart move.
What you pay for that help, unfortunately, can also be a bit of a challenge to figure out. A recent survey by State Street Global Advisors found that 60% of ...Read more
Store shelves during the holiday shopping season — and yes, we're talking about Hanukkah and Christmas just days after Labor Day — could prove to be merry but ever so tight.
An inventory squeeze could frustrate shoppers, as 82% of retail executives surveyed are somewhat or very concerned about inventory shortages, according to a new survey ...Read more
Apartment rents were up in August from a year earlier in all the top 30 U.S. metro areas, the first time that’s happened since the start of the pandemic, according to a new report by Yardi.
The national average rent in multi-family buildings rose 10.3% from a year earlier to $1,539 — the first double-digit rise in the dataset’s history �...Read more
Some wealthy Black families still live in U.S. neighborhoods with relatively low incomes and high rates of unemployment, suggesting other factors such as housing discrimination are at play, according to a Federal Reserve study.
Black households with high income and wealth still lack access to “opportunity neighborhoods,” which have good ...Read more
ST. LOUIS — Multiple large employers are considering moving their offices out of the downtown business district, city officials said this week, after more than a year of nighttime violence and gunfire that has struck buildings, broken windows and injured and killed people.
Just this summer, windows have been shot out at the Laclede Gas ...Read more
Q: In my golden years, I was anticipating selling my single-family home and buying a condo. After the recent tragedy and many other problems that have recently come to light, I realized I need to ask many questions I never thought of before purchasing anything. If I do decide to purchase a condo eventually, what questions should I be asking? —...Read more
The nation’s second-largest mortgage lender aims to give borrowers the option to pay their mortgages in Bitcoin by the end of the year. United Wholesale Mortgage says it’ll be the first mortgage company in the U.S. to accept cryptocurrency in exchange for monthly payments.
“UWM is planning to accept Bitcoin because we have nearly one ...Read more
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