Banking industry ‘should not dance’ with either political side on social issues: Alex Sanchez
Florida Bankers Association President and CEO Alex Sanchez unpacks President Biden’s proposed ESG rule on ‘Mornings with Maria.'
401(k) hardship withdrawals rise as increased cost of living challenges retirement savings: report
Nearly 3% of workers made hardship withdrawals from their defined contribution plan in 2022, an increase from 2.1% in 2021, Vanguard's How America Saves 2023 report said.
Higher wages and social security checks led to increase in consumer spending: BofA
Credit and debit card use on BofA brand cards rose 5.1% year-over-year annually compared to 2.2% the month before, the bank said.
Americans with poor longevity literacy at greater risk of outliving retirement savings: Survey
Sixty-three percent of American adults are working with inaccurate longevity measures when they plan for retirement, according to the most recent TIAA Institute-Global Financial Literacy Excellence Center (GFLEC) Personal Finance Index survey.
Fed will 'keep going until they break something': Anton Schutz
Mendon Capital Advisors President and CIO Anton Schutz joins 'Mornings with Maria' to discuss the January Core PCE and a report saying Americans have more credit card debt than savings.
Rising inflation pushed Americans to pick between paying their bills or saving for the future: Allianz
Continued market volatility in the U.S. economy caused many Americans to report that they had to cut down on saving for the future, according to a recent Allianz survey.
Survey points to significant layoffs in 2023 – Here's how to safeguard your finances from a job loss
Sixty-one percent of U.S. companies said they plan to lay off employees in 2023 and are likely to pause hiring this year, according to a ResumeBuilder.com survey.
Americans delay medical care over lack of savings, survey says
Thirty-eight percent of respondents said they or a family member had to put off medical care because of cost in 2022, the most in the 22-year history of Gallup's survey.
Retirees lost 10% of their savings in 2022, survey says
Inflation and market volatility has had a significant impact on retirees' savings, research shows. Here’s what you need to know.
Americans prepare for a recession by paying off debt, survey says
Of the 81% of middle-income survey respondents who said they expected a recession this year, 62% said they are planning to or have already taken measures to face tougher economic times, according to Primerica’s recent survey.
Valentine’s Day and finances: Here’s how couples approach discussing money
Thirty-one percent of respondents said that they mentioned personal finances on the first date or within the first few dates, according to consumer financial app Cleo's dating and money survey.
When should you borrow from your 401(k)? Use 'as a last resort,’ Fidelity adviser warns
As inflation rages on, more Americans are borrowing from their 401(k)s to cover emergency expenses. Fidelity's Leanna Devinney offers her best alternative options.
Borrowing from your 401(k) should be used ‘as a last resort’: Leanna Devinney
Fidelity Investor Centers branch leader Leanna Devinney discusses alternatives to tapping your 401(k) to cover an emergency expense.
Americans burn through pandemic savings as high inflation pinches
U.S. households built up a cushion of savings during the COVID-19 pandemic, but they are rapidly spending it amid the highest inflation in a generation.
Divorce attorney Vikki Ziegler discusses the harm financial ‘secrets’ could have on your marriage
FOX Business’ Lauren Simonetti took to the streets of New York City to get people’s take on the recent Bankrate survey that revealed 40% of Americans who are married or living with a partner commit ‘financial infidelity.’
'Sandwich generation' survey says Americans caring for children and aging parents are financially stressed
Sixty-six percent of Americans caring for kids and an aging parent said they are at least "somewhat stressed" about the costs of those responsibilities, a Policygenius survey said.
Contributions to retirement savings accounts reached all-time high amid COVID-19 pandemic
Savings contributions increased, hitting an all-time high and Roth 401(k) accounts have grown more popular. Here's how to determine the best savings plan for you.
Americans fear recession, but most believe their jobs are safe: Survey
Many Americans have a negative outlook on the economy, but say they didn't believe a downturn would impact their jobs, according to a new survey.
Country star John Rich joins with Ben Carson, Larry Elder to launch 'Old Glory' bank
Country music singer and songwriter John Rich says 'Old Glory' bank supports freedom and patriotism on 'Maria Bartiromo's Wall Street.'
Secure 2.0: More part-time workers will be eligible for 401(k) plans
Part-time employees who’ve worked two consecutive years and completed at least 500 hours of service each year can enroll in their company's 401(k) or 403(b) plans, beginning in 2025, as stated in the Secure 2.0 Act. Here’s what it means for you.