Page 60 - Mark Hamrick News Today

More Americans say they would rely on credit cards in case of a sudden emergency than on personal savings.

Even after a year-plus of painful price increases, rising borrowing costs and a steady drumbeat of dire warnings about the state of the American economy, household finances are on relatively solid footing.

A record percentage of U.S. adults say their credit card debt is now higher than their emergency savings as stubbornly high inflation chews away at consumers' budgets.

Retirement 401(k) account balances lost nearly one-quarter of their value in 2022, according to Fidelity Investments, the largest 401(k) provider in the U.S.

About 36% of survey respondents said they have more credit card debt than emergency savings, up from 22% a year ago.

Retirement 401(k) account balances lost nearly one-quarter of their value in 2022, according to Fidelity Investments, the largest 401(k) provider in the U.S.

The U.S. money supply has contracted for the first time since the Federal Reserve started publishing data in January 1960.

The US economy added an astonishing 517,000 jobs in January, showing that the labor market isnt ready to cool down just yet.

The economy more than doubled expectations with 517,000 January jobs.

Job openings increased, and beat expectations, to 11 million in December, up from 10.5 million the previous month, ...