personalfinance

Was the 401(k) a Mistake? How an obscure, 45-year old tax change transformed retirement and left so many Americans out in the cold. (www.nytimes.com)

Americans are falling behind on their payments (www.cnn.com)

A Huge Number of Homeowners Have Mortgage Rates Too Good to Give Up (www.nytimes.com)

Polymarket | India Election: Modi reelected? (polymarket.com)

cross-posted from: lemy.lol/post/22844267...

Hyundai and Kia recalled 3.4m vehicles, warning to park them outdoors because they risked catching fire. 6 months later, most are still on the road, unrepaired (fortune.com)

In September, Hyundai and Kia issued a recall of 3.4 million of its vehicles in the United States with an ominous warning: The vehicles should be parked outdoors and away from buildings because they risked catching fire, whether the engines were on or off....

US probing Adani Group and founder over potential bribery, Bloomberg reports (www.reuters.com)

Japanese Yen stands tall near one-month top against USD on hawkish BoJ talks (www.mitrade.com)

■ The Japanese Yen continues to draw support from expectations for a hawkish BoJ pivot....

Money tips from one of the greatest investors in history (www.npr.org)

[USA] Index Funds Have Officially Won (www.morningstar.com)

The inevitable at last arrived. Last month, for the first time, passively managed funds controlled more assets than did their actively managed competitors....

Americans can no longer afford their cars (www.newsweek.com)

The 'old American Dream died,' Realtor details salary needed to buy a home, afford a middle class life in 2024 (finance.yahoo.com)

cross-posted from: lemmy.ml/post/10623652...

Baby boomers did one big thing we should all be grateful for (finance.yahoo.com)

TL:DR author’s positing that despite the public narrative we (gen x and millenials) are mostly better off (especially financially) than prior generations and at least partly due to actions from boomers....

What your credit score actually means (www.vox.com)

Buy and hold works - Meet the 'unluckiest' stock market investor of modern times (www.marketwatch.com)

Here’s an archived version of the page....

Americans are 'doom spending' — here's why that's a problem (www.cnbc.com)

[US] End of year PF tasks (www.kiplinger.com)

I like to review my financial situation near the end of the year to prep for tax season, give to charity, etc. For any who cannot access the article or are too lazy, here are the things they recommend:...

"I feel like I'm on a hamster wheel" — US cost of living has skyrocketed since 2020 (boingboing.net)

Fossilfreefunds.org | A place to help discover funds that don't support the Fossil Fuel Industry, or to check how much your current funds are invested into fossil fuels. (fossilfreefunds.org)

Climate Town recently did a fantastic video detailing how banks use our money just sitting around in our account to invest in fossil fuels. Wanting to avoid this, I figured it’d be better to direct my money in an investment that’s at least a little less planet destroying, which lead me down this ecological rabbit hole that I...

Mint.com is going away. Are there any alternatives that are as automatic and simple? (www.theverge.com)

FOSS/self hosted preferred, but open to anything!

Housing market affordability is so bad that Zillow says it will take you 13.5 years to break even on a purchase from July onward (finance.yahoo.com)

Your ‘Set It and Forget It’ 401(k) Made You Rich. No More. — WSJ (apple.news)

For four decades, patient savers able to grit their teeth through bubbles, crashes and geopolitical upheaval won the money game. But the formula of building a nest egg by rebalancing a standard mix of stocks and bonds isn’t going to work nearly as well as it has.

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