Tag: saving
It probably doesn’t feel like it, but workers got a decent pay raise in 2015. Inflation last year was an improbably low 0.7 percent, and the fairly strong job market helped, too, by pushing up average hourly wages by 2.6 percent. Together, these translate to nearly a 2 percentage point increase in workers’ pay. Wages…
Day care, sneakers, cell phones, maybe college – kids are expensive. When they grow up, empty-nesters face a decision about what to do with their extra money. What they choose is crucial to their retirement security for two reasons – one obvious, and one subtle but very important. The Center for Retirement Research estimates that…
