Credit card spending growth is slowing after reaching record highs

Consumers have remained remarkably resilient amid a series interest rate hikes aimed at cooling inflation. However, there are recent signs of a shift.Shoppers are still buying more than last year, but spending growth is slowing as the economy settles down, according to Jack Kleinhenz, chief economist of the National...

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401(k) hardship withdrawals are rising in 2023, reports find

After falling sharply last year, retirement account balances are bouncing back in 2023 — but there are still signs of trouble.Helped in part by improved market conditions, retirement account balances increased in the first half of the year. However, the share of participants who tapped hardship withdrawals rose, according...

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Is an Ivy League degree worth it? Report finds advantages beyond pay

A class at Princeton University in New Jersey.Princeton University, Office of CommunicationsWhen it comes to elite college admissions, most expert agree: The Supreme Court's ruling on the affirmative action admission policies of Harvard University and the University of North Carolina could have an immediate effect on who gets in and why.That may...

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KPMG offers teens paid internships to boost interest in accounting

KPMG is offering high schoolers paid internships to help fix accounting's staffing shortage.By her own admission, Autumn Kimborough, 17, didn't have a passion for accounting. But the rising high school senior from Flossmoor, Illinois, heard about a well-paid summer internship at KPMG, which included a $250 clothing stipend, and got...

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