The Currency - Money

Gifted

Americans plan to spend an average of $1,400 this holiday season, while 42% will regift to save money. New Empower research explores how America is “spending” the holidays.

money

🚰 Tap in

Some people are feeling tapped out, with nearly one third of Americans (32%) saying they have a savings shortfall. Here's this week's money news.

money

October market recap: Election impact

Global stock indices failed to extend a five-month winning streak in October. U.S. stocks finished marginally lower while international stocks were down over 4%.

money

Capital markets perspective: Not even close

No matter who prevailed on Tuesday night, there was always going to be another showdown – one where votes are counted in dollars and cents rather than bubbled-in ballots.

money

New catch-up contribution: Retirement limit boosted for 401(k) savers in their early 60s

Starting in 2025, workers ages 60-63 can contribute an extra $11,250 to their 401(k) each year through a new “super catch-up" contribution.

money

🔋 Transformers

The New York Stock Exchange announced plans to transform to extended trading on its all-electronic exchange to 22 hours a day. Here's this week's money news.

money

42% of Americans are willing to pay more when shopping local to support small businesses

Americans are evenly split on their shopping habits: 29% favor small businesses, while 29% prefer national retailers. Though price remains top-of-mind for many shoppers (62%), speed is a major factor, according to Empower research.

money

Goal Oriented: Financial confidence is high, and half of Americans have a clear plan

The majority of Americans (60%) feel optimistic they'll reach their financial milestones. New Empower research finds nearly half have a clear financial plan to meet these money goals, from homeownership to retirement.

money

Capital markets perspective: Fearing the best, hoping for the worst

So far, third-quarter earnings season has fallen somewhere between ‘okay’ and ‘almost weak enough to take notice.’

money

Stamped: 12 billion holiday letters and packages

You’ve got mail – and the United States Postal Service (USPS) is making billions of special deliveries in the last quarter of the year with a higher-than-usual volume of packages and letters arriving across the U.S.

life

What are the benefits of an HSA Account?

The use of Health Savings Accounts (HSAs) has grown dramatically, increasing by over 500% since 2013, according to the Consumer Financial Protection Bureau. Learn more about the benefits and how HSAs can be helpful as a savings and investment tool, providing flexibility and tax advantages.

money

Money resolutions: 5 ways to jump start your financial fitness

This time of year, it can be useful to take stock of your financial situation — and get a jump start on plans to boost your financial fitness in the year ahead.