household income

How Much Money Do You Need to Retire?

There are many ways to figure how much money you need in retirement, but here's the best method we've seen. It takes a bit of math but nothing too taxing.

Americans Spend Big in January

Consumer spending climbed more than forecast in January as incomes increased, making it more likely the biggest part of the economy will continue to grow in early 2014.

Stay-at-Home Spouses Will Once Again Get the Credit They Deserve

The consumer-friendly CARD Act is saving credit card holders hundreds of millions of dollars and almost as many headaches, but it has some flaws. For example, it made life more difficult for roughly 5 million stay-at-home spouses by making it hard for them to get credit. That's going to change soon.

The 5 Richest and 5 Poorest States in America

Median household income in the United States declined for the second straight year in 2011, the Census Bureau reports -- falling more than 8% below its 2007 pre-recession peak. But some states are faring far better than the average -- and, of course, some are faring far worse.

The Real Source of the Middle Class' Money Woes

There are many reasons the middle class feels squeezed right now: unemployment, underwater mortgages, rising college tuition. But it's a combo of three other factors that made the 2000s a lost decade for average Americans: declining household income, shrinking net worth, and a smaller middle class.

America's 11 Most Miserable States Revealed

You might think that with the economy on its slow climb back to health, Americans would have gotten a little bit happier in 2011. In fact, they got a bit more miserable. And some states have more reasons to be down in the dumps than others.

Poor and Elderly: The 5 Worst States to Grow Old In

It's a tough time to be old in America, and it's worse than you may realize: According to a recent report, on average, if government benefits were taken out of the equation, the elderly would have far less income than they'd need to survive. Here's where the problem is worst.

Fast Food's Biggest Fans: Not Who You'd Think

You'd think that fast-food restaurants -- with their emphasis on value -- would appeal primarily to those at the lower end of the income scale. But according to a new national study, dining at McDonald's and its quick-serving competitors becomes more common as people make more money.

Financial Landscape: Post-Recession Blues; Qwikster Nixed

American household incomes have fallen more since the recession ended than they fell during it, a new study reveals; EU leaders say they have a plan to solve the sovereign debt crisis; and Netflix has declared its big Qwikster plan dead on arrival.

Americans Got Poorer in 2010, Says Census Bureau

The Great Recession officially ended in mid-2009, but a recent Census Bureau report shows that, for the average American family, 2010 only brought increased misery: Household incomes plummeted last year, while the number of people living in poverty rose sharply to an all-time high.