Tipping 20% at a sit-down restaurant is still the standard in the U.S., according to most etiquette experts. Diners disagree.After holding steady for years, tipping at full-service restaurants fell to 19.4% in the second quarter of 2023, according to online restaurant platform Toast's most recent restaurant trends report, notching the lowest average since...
Mason KingCourtesy: Mason KingMore than a year of recessionary forecasts have created "a highly unusual market," said Mason King, a principal of Luther King Capital Management in Fort Worth, Texas, which ranked No. 1 on CNBC's list of the top 100 financial advisors in the U.S. for 2023.As a whole, the current...
FG Trade | E+ | Getty Images"Know your worth," career experts often say.But when it comes to salary expectations, American workers are already setting the bar high.What some labor economists are calling a "near-perfect" job market has helped propel the amount of money most job applicants would accept to...
For a growing number of families, financial aid is key when it comes to paying for college.With tuition on the rise, most college-bound students now rely on a combination of resources to make it work, including income and savings, free money from scholarships and grants and, of course, student loans,...
Violetastoimenova | E+ | Getty ImagesBy some measures, Americans have never been more in the red.In the second quarter of 2023, total credit card debt surpassed $1 trillion for the first time ever, which helped bring total household debt to $17.06 trillion, also a fresh record, according to the New...
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...
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...
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...
Bob and Terri Wood, of Mobile, Alabama, with their grandson.Courtesy: Bob WoodBob Wood, 66, has been thinking of selling his home in Mobile, Alabama. The finance professor and his wife, Terri, purchased the 5,000-square-foot house with a pool nearly a decade ago. "It's probably time to downsize," he said....
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...