Posts Tagged: savings

401(k) Contribution Limits are Jumping

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According to the New York Times, the I.R.S. announced one of its largest increases in decades to caps on retirement contributions, allowing workers with access to the plans to save more. Questions: How much will employees be able to contribute in 2023 to 401 (k) plans? How much are the catch-up contributions for 2023 and… Read more »

Is the Power of Boredom Reshaping our Economy?

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According to the New York Times, due to the pandemic, tedium is reshaping what people buy and how productive they are. Questions: What are some of the economic consequences of the pandemic that are noted in the article? The author of this article describes the pandemic as producing a collective sense of ennui. Define the… Read more »

Could you find $400 savings for an emergency?

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According to the New York Times, four in 10 American adults wouldn’t be able to cover an unexpected $400 expense with cash, savings or a credit-card charge that could be quickly paid off, a new Federal Reserve survey finds. Questions: According to the survey, how many people surveyed would need to borrow or sell something… Read more »

The Amazon Effect

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According to the New York Times, to create a Super Bowl snack, their authors bought the same ingredients at a new Whole Foods 365 store and a Walmart. The prices were different and so were the outcomes. Questions: 1. What did the authors want to cook? 2. What was the price difference? 3. Which cooked… Read more »

Not a good financial plan!

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Even though Wall Street and the financial press have been harping for decades on the retirement savings crisis, this article provides some additional perspectives. Questions: 1. According to the Manpower Group, what percentage of millennials plan to work until they die (as their solution to retirement)? 2. Why do so many millennials have such a… Read more »