The majority of the aging population in Japan still prefers using cash for transactions, according to a recent report citing government data. In 2023, cashless transactions in Japan totaled 126.7 trillion yen ($885 billion), accounting for 39.3 percent of all spending in the country, said the Japanese government. The...
Mixetto | E+ | Getty ImagesThe share of Americans with credit-card debt in retirement has jumped considerably — a worrisome financial trend, especially for those with little wiggle room in their budgets, experts said.About 68% of retirees had outstanding credit-card debt in 2024, up "substantially" from 40% in 2022...
Baona | E+ | Getty ImagesMore from FA Playbook:Here's a look at other stories impacting the financial advisor business.Starting in 2025, investors age 60 to 63 can make catch-up contributions of up to $11,250 on top of the $23,500 deferral limit. Combined, these workers can defer a total of...
A version of this article first appeared in CNBC's Money 101 newsletter with Sharon Epperson, an eight-week series to improve your financial wellness with monthly updates. Sign up to receive these editions, straight to your inbox. Stocks soared in the days after President-elect Donald Trump won the 2024 election, and...
