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Scammers Stole $660 Million Last Year Posing as Workers at Amazon and Other Big Brands
Scammers are impersonating well-known companies to siphon hundreds of millions of dollars out of the wallets of unsuspecting Americans. Often posing as representatives from Best Buy’s Geek Squad, Amazon, PayPal and several other big brand names, fraudsters stole over $660 million through business-impersonation schemes in 2023 alone, according to a new report from the Federal Trade Commission.
Money Teams Up with Financial Planning Association to Find America's Best Financial Planners
Financial planners are long-term strategists who can help you plan for retirement, college bills and other major milestones in your life. In other words, they’re crucial resources for anyone forming a big-picture plan for their finances. But how do you find a good financial planner who matches you and...
How to Secure Your Windows
Windows, especially first-floor windows, are one of the most vulnerable points of entry for intruders. For this reason, taking proactive measures to secure your windows can significantly enhance the overall security of your home. Read on to learn more about how to secure your windows, including the specific window security...
Inflation Is Pushing Many Older Americans Into ‘Un-Retirement’
Nearly a third of retired Americans are thinking about going back to work as the high cost of living eats away at retirement savings. Following three years of elevated inflation, 30% of retirees say they are considering working a temporary job (between one and three shifts per week), according to a new report from Indeed Flex, a job search app. Many of these people are worried about outliving their retirement savings.
AI 'Outperforms' Human Financial Analysts, According to New Research
In the not-so-distant future, investors might be turning to robots for market advice. A new study has found that large language models — a type of artificial intelligence called LLMs — are better at conducting financial analysis than humans. The findings, from researchers at the University of Chicago...
Where to Hide Spare Keys
A set of spare keys can be useful if you’re away from home for long periods of time or are planning a big vacation. They are also useful as a backup in case you misplace or lose your set of keys. But tiptoeing the line between being too obvious and too obscure with your hiding spot can be tricky.
Number of 401(k) Millionaires Surges Thanks to Booming Stock Market
Stock market growth has boosted 401(k) balances and led to a record number of accounts over the $1 million mark. At the end of the first quarter, Fidelity reports that 485,000 accounts had seven-figure balances, which is a 15% increase from the end of 2023 when there were 422,000 401(k) millionaires. A year ago, there were 340,000, according to the investment firm.
How Many Smoke Detectors Do I Need?
Smoke detectors provide early warning of a house fire before flames get out of control, giving occupants critical time to get an extinguisher, evacuate, and call the fire department. You can integrate smoke detectors into your home security system, but for these devices to work efficiently, you'll need to install the recommended number of sensors in the right places.
Dollar Scholar Asks: Why Are Some Credit Cards Metal?
This is an excerpt from Dollar Scholar, the Money newsletter where news editor Julia Glum teaches you the modern money lessons you NEED to know. Don't miss the next issue! Sign up at money.com/subscribe and join our community of 160,000+ Scholars. For most of my life, I only ever had...
Summer Car-Buying Guide: 3 Tips to Get the Vehicle You Want at the Best Price
Memorial Day weekend is the first major car-buying holiday of the summer season, and you’re bound to see an ad or two encouraging you to shop a hot sale. But are the "deals" genuinely good deals? While automakers sometimes improve their financing offers for Memorial Day, the reality is that holiday car shopping events are mainly marketing more than anything else.
How to Prepare Your Home for a Natural Disaster
Last year, American homes and businesses suffered more than $90 billion in damages from natural disasters. Twenty-eight of these weather events — including Hurricane Idalia in Florida and a catastrophic wildfire in Hawaii — racked up losses exceeding $1 billion, the highest annual tally of billion-dollar disasters ever recorded. And that record may not last long.
DOJ Sues Live Nation, Ticketmaster to Break up 'Monopolistic Control' of Ticket Prices
The U.S. Department of Justice sued Live Nation on Thursday over alleged antitrust violations, arguing the Ticketmaster parent company has become a monopoly at the expense of everyday consumers. The federal lawsuit, which was filed in the U.S. District Court of the Southern District of New York, doesn't mince words,...
Only 1 in 5 People Think College Is Worth the Money if You Need Student Loans
Is college worth the money? Fewer Americans are weighing in with a definitive yes in this never-ending debate, as college costs remain expensive and people without degrees earn higher incomes. According to a new Pew Research Center poll, only 22% of Americans believe that college is worth the cost if...
Will the IRS's Free Direct File Option Be Back Again in 2025?
Some lawmakers and taxpayers are hailing the IRS’s pilot test for a free, government-run tax-filing tool as a major success, but the future of the program hangs in the balance. During the 2024 tax filing season, the IRS says more than 140,000 Americans successfully filed their federal taxes for...
What to Do if the Carbon Monoxide Detector is Beeping
Carbon Monoxide (CO) is a gas or liquid that’s often called the “silent killer” because it’s colorless, odorless and tasteless. This means that poisoning can go undetected until it’s too late. According to the Center for Disease Control and Prevention (CDC), more than 400 people die of CO poisoning each year. This is why many states require that homes and commercial spaces have carbon monoxide detectors installed.
Here's Why Crypto Prices Are Jumping This Week — and What's Next
Crypto prices are once again on the rise, and this time it's based on increased investor access to ethereum rather bitcoin. From Monday to Tuesday, bitcoin (BTC) prices rose 7.8%, with ethereum (ETH) gaining 19.24%. The principal driver of these increases is the U.S. Securities and Exchange Commission's pending approval of spot ETH exchange-traded funds. These ETFs would track the spot (or current price) of ETH, providing investors with an alternative means of gaining exposure to the second largest digital asset by market cap.
Over Half of Americans Think the U.S. Is in a Recession (It's Not)
Good news! It appears our famously divided nation may be finally agreeing on something: In a new poll, a majority of Americans say they think the United States is currently in a recession. The only problem? It's, um, not. The survey results, published Wednesday by The Guardian, indicate that folks...
Airfare Is Cheaper This Summer. Here's How to Save on Your Next Trip
Taking a flight this summer will likely be less expensive than last year, especially for domestic travel. Flight prices in the U.S. for Memorial Day weekend are 9.5% lower compared to a year ago, according to a new report from Hopper. The average domestic airfare is $260, down from $287 a year ago.
Travel Rewards Are Now an ‘Essential’ Part of Americans’ Vacation Budgets
It's no secret that people love travel rewards programs. But now, we know exactly how much. According to survey results released Monday by banking giant Barclays, 37% of travelers enrolled in loyalty programs see them as a crucial part of their vacation budget. Another 76% said they'd have to "significantly" change their travel habits without these benefits, and 4% said they wouldn't be able to afford to travel, period.
Target Is the Latest Store to Go on a Price-Slashing Spree
Target is the latest major retailer to announce broad price reductions as stubborn inflation continues to weigh on the budgets of everyday Americans. The box-store behemoth said Monday that it has already slashed prices on 1,500 popular products, including many grocery staples, with “thousands more price cuts” planned for the summer. In total, about 5,000 products will be discounted once the plan is in full effect.
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