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American Household Wealth Jumped in the Pandemic

Pandemic stimulus, a strong job market and climbing stock and home prices boosted net worth at a record pace, Federal Reserve data showed.

United statesFederal reserveConsumer financesUs economyCoronavirus covid 19 pandemicPensions and retirement plansIncome inequalityHispanic americansBlack people african americanRecession and depression

Gen Z Is Poised to Spend More on Debt Than Others It Could Derail Retirement

Young adults are struggling to keep up their credit scores and paying an increasing amount of disposable income servicing their debts.

United statesMayra jaramilloDiana rasconEthan dornhelmCatherine collinsonMargaret libbyTransamerica centerFair isaac corporationTransamerica instituteFederal reserveMoney management internationalJade canneyRetirement studiesUrban instituteCredit scorePersonal finance

U S Judge Denies States Bid to Block Biden Rule on E S G

Republican-led states accused the Labor Department of violating a federal law covering retirement plans, part of a battle that goes back several years.

West virginiaUnited statesSenate republicansLabor departmentPresident donaldPresident bidenJon testerJoe manchinJudge kacsmarykDecisions and verdictsCorporate social responsibilityUs politicsPensions and retirement plansUs statesJoe bidenMatthew kacsmaryk

U A W Prepares for Partial Strike Against Detroit Automakers on Friday

The union’s president, Shawn Fain, said negotiators were nowhere near an agreement and ruled out a contract extension while talks continued.

United statesKurtis leeErik gordonShawn fainJim farleyNational labor relations boardFord motorUniversity of michiganUnited auto workersGeneral motorsStrikes laborCollective bargainingLabor unionsWages and salariesEmployee benefitsPensions and retirement plans

Fox Sued by New York City Pension Funds Over Election Falsehoods

The funds accuse the Fox Corporation board of neglecting its responsibility to shareholders by leaving the company open to defamation lawsuits.

United statesNew yorkState of oregonBrad landerViet dinhRay eppsAbby grossbergTucker carlsonRupert murdochLachlan murdochA fox corporationFox corporationDelaware courtNew york cityDominion voting systemsFox news

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