Short on Cash, More Americans Tap 401(k) Savings for Emergencies: WSJ
Plan advisers say a rise in hardship withdrawals from retirement accounts is driven by financial strain and looser regulations. Source link
U.S. employment costs rise more slowly, but still too fast for Fed comfort
The numbers: The U.S. employment cost index rose more slowly at the end of 2022 for the third quarter in a row, but worker compensation still rose a sharp 1% and didn’t offer much comfort to the Federal Reserve as it fights to tame inflation. Economists polled by The Wall Street Journal had forecast a […]
I’m still working at 75: Do I need to take RMDs from my 401(k)?
Dear Fix My Portfolio, I retired from the U.S. Postal Service in 2004 and have a yearly pension from the Office of Personnel Management (OPM). I also work part time at a big hardware chain and have a portion of my salary placed in the company’s 401(k). I have been working there for four years […]
Google execs to get lower bonuses in cost-cutting move following layoffs
Google Chief Executive Sundar Pichai said top executives would take pay cuts following the largest round of layoffs in the company’s history. Speaking at a companywide meeting on Monday, Pichai said employees at the senior-vice president level and above would get lower bonuses as part of cost-cutting measures, according to people who heard the remarks. The comments came after […]
High medical costs made more Americans delay care last year
We want to hear from readers who have stories to share about the effects of increasing costs and a changing economy. If you’d like to share your experience, write to readerstories@marketwatch.com. Please include your name and the best way to reach you. A reporter may be in touch. A record share of U.S. adults said they […]
Workers Lose Ground to Inflation Despite Big Wage Gains
EconomyRecent data suggest a shift is under way, with paycheck totals gaining as inflation recedes Source link
World’s 1% captured almost two-thirds of new wealth created in two years: report
For every dollar of new global wealth earned by a person in the bottom 90% during the first two years of the COVID-19 pandemic, a billionaire got $1.7 million, according to a new analysis from the anti-poverty group Oxfam.That means that even in an era marked by the pandemic, nearly 15 million excess deaths and […]
Workers in California and Washington State will get more pay transparency
Do you know how much your job is worth? Millions of Americans are finally getting the answer. On Jan. 1, California and Washington state began requiring employers to include pay ranges with their job listings. The two states follow New York City and Colorado in implementing pay-transparency measures. As of Dec. 4, just 44% of […]
Your boss will no longer be able to make you sign noncompete agreements — if federal regulators have their way
Employers would be banned from making staff sign noncompete clauses, according to proposed rules that federal regulators say would boost worker pay and end a major drag on people who wish to change jobs, and stay in the same industry.The Federal Trade Commission released the proposed rules on Thursday designed to end worker noncompete clauses, […]