This digital currency is gaining momentum based on its potential for greater stability, and new legislation may help boost it into the consumer mainstream.

1 in 3 Americans have no emergency savings fund and 29% say they can’t afford an unexpected expense over $400, according to new Empower research. The size of the safety net varies by generation, with Boomers saving a median of $2,000 – five times that of Gen Z’s reserves of $400.

Empower's Jeff Giannone weighs in on common tariff questions: Whether to consider adjusting investments and portfolio strategy, and steps to take to help stay on track and in control.

From buying a first home to changing careers or retiring early, big life moments are often turning points. Yet while 83% of Americans say there’s no set age to achieve life milestones, nearly 1 in 2 (45%) admit they didn’t prepare financially as early as they should have, according to new Empower research.

American families head back to school facing rising prices. New Empower research shows half (50%) say back-to-school shopping is more expensive this year due to inflation and rising prices (57% Gen Z and 61% Millennials). 

RMDs can come with some tax implications, but there are options to ease the burden for those who don’t have an immediate need for the surplus cash. 

As shoppers push for streamlined transactions, stores are taking more of a DIY approach.

Money is always on our minds—and these days, it’s taking up more space than ever. Empower’s latest research reveals Americans are spending nearly 4 hours a day thinking about money. 

The amount of retirement millionaires continues to grow, according to Empower data, with 9.1% of Americans falling into this category of retirement savers.

July’s spending bill doubles the withdrawal limit for K-12 expenses to $20,000 and expands how families can use their education savings, including for nontraditional learning and IRA rollovers.