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U.S. consumer spending rises

U.S. consumer spending rose slightly more than expected in June, lifted by expenditures on nondurable goods even as incomes saw their biggest drop in four-and-a-half years, a government report showed on Tuesday.

Working women in front line of slowdown

When a major swimwear factory in Bangkok found its sales plummeting in the downturn, it laid off some 1,900 workers, almost all of them women.

Bank of America wins in $1 billion-plus California lawsuit

California's highest court on Monday ruled that Bank of America Corp need not pay a potential $1 billion or more to customers who claimed the bank illegally raided Social Security benefits to collect fees.

U.S. jobless claims fell 13,000 last week

The number of U.S. workers filing new claims for jobless benefits dropped by 13,000 last week, the Labor Department reported on Thursday, but so-called continued claims hit a new record as the recession took a further toll on job prospects.

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Indians are wise savers but poor investors: Survey

A recent nationwide survey of over 60,000 households by National Council of Applied Economic Research (NCAER), New Delhi and Max New York Life has revealed that people in India do not plan for long-term future and keep away from investing in long-term instruments though they save for long-term goals such as emergencies, education and old age.

What retirement calculators don't tell you

Those online retirement calculators are handy and dandy. Pop in a few numbers and they tell you whether you're on track for the retirement of your dreams... or, more likely, that there's been a serious derailment.

US Treasury aims to revive Social Security debate

The U.S. Treasury on Monday issued the first of a series of papers aimed at jump-starting debate over Social Security reform, saying the system faced a present-value deficit of $13.6 trillion.

Majority of working Indians earning less than 50 cents a day: Study

A study has revealed that at least 86 percent of working Indians earn less than Rs. 20 or just under half a U.S. dollar a day in spite of the blistering pace of growth of the nation's economy.

U.S. jobless claims fall 8,000 in latest week

The number of new claims filed for U.S. jobless benefits fell unexpectedly in the latest week, dropping 8,000 to the lowest level in two months, the government said on Thursday.

Retirement Saving on the Rise

American workers shouldn't count on making up for inadequate savings by planning to work into their retirement years, since such plans are often doomed by unexpected health problems, Fidelity Investments said Monday in releasing findings of a retirement planning survey.

10 Common Retirement Mistakes

Retirement is supposed to be a time of relaxation after years of hard work. Yet, many people experience post-retirement problems that make their â€œeasy daysâ€ not so stress free. To avoid this kind of predicament, here are 10 common retirement mistakes that you should avoid, so that you can enjoy a happy and peaceful retirement.

Bernanke: U.S. Should Save More

Federal Reserve Bank Chief Ben Bernanke said on Wednesday there is a need for U.S. consumers to save more money. However he added that â€œno silver bulletâ€ has yet been found for a way to increase household savings.

National pension plan may hamper changing jobs

Workers who enrol in the proposed new national savings system may not be able to easily take existing pension pots with them if they change jobs.

Energy, health costs mask strong US economy: Paulson

U.S. Treasury Secretary Henry Paulson said on Friday that high energy and health care costs were interfering with Americans' ability to feel the benefits of a solidly growing economy.

Bush huddles with economic team as growth slows

President George W. Bush will wrap up conferring with his economic team on Friday on ways to keep the economy growing against a backdrop of higher interest rates, mixed data and fears of rising inflation.

Get ready for the Medicare crunch

Despite all the talk about the shaky future of Social Security, its potential shortfall isn't the biggest risk for future retirees. They should be worrying about Medicare instead.

Pension fund holds promise

China's efforts to defuse what experts have called its pension time bomb have created a multibillion-dollar opportunity for domestic and international fund managers.

Where should I start?

It wasn't too long ago that most people simply bought whatever insurance was mandated by the government and lenders, or recommended by insurance agents and friends.

Are you ready for retirement?

We've heard the adage that to become physically fit, we need to eat less and exercise more. The corollary for fiscal fitness is to spend less and save more.