Eva-Katalin If you’re a young adult just starting out on your own, lots of things are shouting for your attention, from a new job to confusing money concepts. For instance, why should you save for something 40-plus years away? More than a quarter of Gen Zers think investing for retirement isn’t important, according to the personal finance site Nerdwallet. But if you want to actually retire someday, start saving now. It takes decades of planning and investing to get there. More from Invest in...

Ziga Plahutar Regrets are a part of life. Money regrets have a particularly sharp tang, though. It’s difficult not to look back and calculate just what that past misstep is costing you now. Nadia Malik, 36, a personal finance blogger in Dallas, wishes she’d saved more in her early 20s. “I had already been working along [going to school] but was not saving anything,” she said. Recalling her life at that time, living with her new husband in a studio apartment, she says a cash cushion would have...

Lauren Bringle Jackson, 32, has occasional flashbacks to the 2008-09 recession. Source: Lauren Bringle Jackson Millennials have a dubious distinction: Smacked for the second time in young adulthood by a global economic meltdown. Maybe this time, they are more aware of what’s coming. More than half of millennials said they expected the pandemic to have an impact on their retirement plans, according to a TD Ameritrade study. Here’s a look at how the Covid-19 lockdown and its economic aftermath...

EmirMemedovski As the coronavirus pandemic stretches on and the U.S. economy remains mired in a recession, many Americans may be struggling to come up with cash. Almost half of the population is still out of work, according to the Bureau of Labor Statistics. The employment-population ratio, which is the number of employed people as a percentage of the U.S. adult population, was 52.8% in May. That means 47.2% of Americans are unemployed. Meanwhile, another stimulus package is still pending in...

RichVintage There’s one solid reason for saving more during the pandemic, even if you remain employed while many jobs fall by the wayside. That’s because even when the economy was stronger and unemployment was far lower, most Americans lacked a cash reserve. Before coronavirus hit, fewer than half of Americans said they’d be able to come up with $400 for an emergency expense, according to a frequently cited figure from the Federal Reserve. The pandemic could be that opportunity for you to...