Early 401(k) withdrawals hit record high
A recent report by Vanguard reveals a record number of Americans took early withdrawals from their 401(k) retirement savings in 2022 and 2023, signaling a concerning trend.
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A recent report by Vanguard reveals a record number of Americans took early withdrawals from their 401(k) retirement savings in 2022 and 2023, signaling a concerning trend.
The annual income needed to afford even a basic home in the U.S. has risen sharply since the pandemic, a new report shows.
The Fed decided not to change rates this week, but announced three cuts that are expected later this year. CBS News Business Analyst Jill Schlesinger is here to help explain.
Fed Chair Jerome Powell announced Wednesday the federal funds rate will stay in the 5.25% to 5.5% range. What does that mean for the economy and borrowers?
The overall rate was up 3.2% in February, with gas and shelter accounting for nearly 60% of that rise. CBS News Business Analyst Jill Schlesinger breaks things down.
CBS News Business Analyst Jill Schlesinger joins us to discuss the results.
CBS News Business Analyst Jill Schlesinger walks us through the results and explains why the Federal Reserve prefers this report, when it comes to inflation.
The federal government just released the January employment report, which blew past economists' expectations.
A decision on interest rates could be announced today as the Fed wraps up its first meeting of the new year.
New government data shows the economy ended 2023 on a stronger note than anticipated. With GDP growth rates exceeding forecasts in the last two quarters, CBS News business analyst Jill Schlesinger breaks down what these figures mean.
CBS News Business Analyst Jill Schlesinger joins us to explain what happened.
Wall Street ended the week with stocks at all-time highs, bolstered by investor expectations of Federal Reserve interest rates cuts.
Inflation has cooled from the high levels seen in 2022, but monthly necessities like rent and auto insurance have skyrocketed this year. CBS News' Jo Ling Kent has more on the rise in costs and what that means for the economy.
CBS News Business Analyst Jill Schlesinger joins us to explain what it means for your wallet.
CBS News Business Analyst Jill Schlesinger explains why the year was a resilient one for the U.S. labor market.
This year's robust stock market performance defied analysts' predictions as investors cheered prospects of lower interest rates and inflation.
The statewide minimum wage is set to increase by $1 to $15.13 per hour.
It's called the subscription economy, when people pay recurring fees for various services, like entertainment apps or news sites. Experts tell CBS New York's John Dias the end of the year is a great time to check on how much you're actually spending.
Just 1 in 5 say they'll buy more gifts for others this season, compared to recent past years — and this is true even among higher-income earners.
The monthly report signals hiring remains stronger than many economists had forecast, while the jobless rate dipped to 3.7%.
With just weeks to go before the end of the year, a little bit of time and focus could help you make or save money, CBS News Business Analyst Jill Schlesinger explains.
Holiday online shopping off to a strong start as retailers roll out larger discounts to tempt cash-strapped consumers.
Black Friday marks the heart of the holiday spending season, so what can consumers and retailers expect this year? CBS News Business Analyst Jill Schlesinger is here to explain.
Most people say they'd need a significant pay raise and considerable wealth to achieve contentment, a new poll shows.
CBS News Business Analyst Jill Schlesinger gives us a sense of where things stand and what's ahead in this so-called last mile.
The active New York Mets have acquired ace pitcher Freddy Peralta and right-hander Tobias Myers from Milwaukee in a trade that sent two top prospects to the Brewers.
The FCC is warning that daytime talk shows and late-night programs must give equal time to opposing political candidates, taking aim at a genre of TV that has long drawn President Trump's ire.
The Knicks broke a four-game losing streak without breaking a sweat, crushing the Nets 120-66 on Wednesday night.
An audit for the Hackensack School District uncovered a $17 million budget gap for the 2025-2026 academic year and a projected $24 million gap for the next.
A former Bronx middle school gym teacher has pleaded not guilty to raping a 14-year-old girl.
A former Bronx middle school gym teacher has pleaded not guilty to raping a 14-year-old girl.
Twice this week, swastikas have been found painted all over a playground at Gravesend Park in Brooklyn.
A critical seasonal blood shortage is prompting renewed calls for New Yorkers to donate.
Homeless encampments are still a critical problem in New York City, and it remains to be seen how Mayor Zohran Mamdani will deal with them.
A list of the most dangerous roads in New York is out, and four of them are on Long Island.
Residents are feeling the cold weather, but there will be a slight break Thursday. All eyes are on the weekend with the possibility of a winter storm.
Dangerously cold weather is gripping the Tri-State Area with little relief as the frigid temperatures continue into the weekend.
Many dangers lurk when the temperature plummets, including hypothermia, frostbite and even a heart attack.
The weekend of snow in the New York City area finally wrapped up overnight, but don't let it fool you. Temperatures are about to plummet.
Snow fell in New York City and across the Tri-State Area on Sunday morning and evening, leaving a good amount to measure in its wake.
An audit for the Hackensack School District uncovered a $17 million budget gap for the 2025-2026 academic year and a projected $24 million gap for the next.
While clothing isn't subject to sales tax in New Jersey, Skims collected it from customers. The company will now be issuing refunds.
Residents are feeling the cold weather, but there will be a slight break Thursday. All eyes are on the weekend with the possibility of a winter storm.
A New Jersey family has been reunited with their beloved dog that was lost when their car was stolen.
The New York Giants officially introduced their new head coach John Harbaugh Tuesday.
A list of the most dangerous roads in New York is out, and four of them are on Long Island.
A Long Island woman has been charged after officials say more than 100 cats were rescued from deplorable conditions at her West Islip home.
Residents are feeling the cold weather, but there will be a slight break Thursday. All eyes are on the weekend with the possibility of a winter storm.
Dangerously cold weather is gripping the Tri-State Area with little relief as the frigid temperatures continue into the weekend.
The weekend of snow in the New York City area finally wrapped up overnight, but don't let it fool you. Temperatures are about to plummet.
The FCC is warning that daytime talk shows and late-night programs must give equal time to opposing political candidates, taking aim at a genre of TV that has long drawn President Trump's ire.
Homeless encampments are still a critical problem in New York City, and it remains to be seen how Mayor Zohran Mamdani will deal with them.
A list of the most dangerous roads in New York is out, and four of them are on Long Island.
The New York State Department of Motor Vehicles is going dark for five days in February to upgrade computer systems that date back six decades.
A judge on Wednesday threw out the boundaries of the only congressional seat in New York City represented by a Republican.
Striking New York City nurses are set to return to the bargaining table Thursday, the New York State Nurses Association said.
Mayor Zohran Mamdani and Vermont Sen. Bernie Sanders joined striking New York City nurses on the picket line Tuesday.
New York City's largest nurses strike is now in Week 2 and it appears negotiations toward a deal remain at a standstill.
Negotiators for major New York City hospitals and the state nurses union returned to the bargaining table as the city's largest nurses strike enters a fifth day.
Nurses continue to hold the picket line as the largest nurses' strike in New York City history is on its third day with no end in sight.
The FCC is warning that daytime talk shows and late-night programs must give equal time to opposing political candidates, taking aim at a genre of TV that has long drawn President Trump's ire.
The 2026 Songwriters Hall of Fame inductees were revealed on "CBS Mornings" on Wednesday. See the full list.
Channing Tatum is bringing "Magic Mike Live" to New York City, promising to "turn up the gas" on the popular show.
Kianna Underwood, a former Nickelodeon child actress, was identified as the woman killed in a hit-and-run in Brooklyn.
John Forté, the Grammy-nominated musician known for his work with the Fugees, was found dead in his home in Massachusetts.
The active New York Mets have acquired ace pitcher Freddy Peralta and right-hander Tobias Myers from Milwaukee in a trade that sent two top prospects to the Brewers.
The Knicks broke a four-game losing streak without breaking a sweat, crushing the Nets 120-66 on Wednesday night.
The Yankees have reportedly agreed to a long-term contract with free agent outfielder Cody Bellinger.
The New York Mets acquired Luis Robert Jr. in a trade with the Chicago White Sox on Tuesday, filling a hole in center field.
Goalie Darcy Kuemper has left the Los Angeles Kings' game against the New York Rangers after a collision in the crease late in the first period.
A critical seasonal blood shortage is prompting renewed calls for New Yorkers to donate.
Puppet shows, peaceful protests and acts of service helped families reflect on Dr. Martin Luther King Jr.'s legacy through a child's perspective.
Nearly 100 tenants from three different buildings managed by A&E Real Estate on the Upper West Side rallied on Monday.
A group in Queens has banded together to revive landlines and give their children a simpler way to socialize.
A city-approved plan to rezone a stretch of Atlantic Avenue is expected to bring thousands of new apartments to Brooklyn, but tenant advocates say the deal falls short for lower-income residents and could accelerate displacement.
The Halloween tradition strolled through Manhattan's East Village on Sunday, with furry friends dressed in colorful costumes.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Dogs got decked out for the annual Tompkins Square Halloween Dog Parade in New York City's East Village on Saturday.
Cosplayers flooded New York City's Javits Center in October 2024 for the annual New York Comic Con convention.
One person was arrested after spitting on a cop and an MTA employee. The person also headbutted another officer, according to police.
Auditors say the shortfall was caused by the district's staffing roster missing dozens of employees and their salaries. CBS News New York's Christina Fan reports.
The nurses' union says they will go back to the bargaining table with officials from three major hospital systems. CBS News New York's Noëlle Lilley reports.
Thursday is no doubt the best weather day this week with highs in the 40s, but it's still a cold morning with temperatures in the 20s. CBS News New York Meteorologist Tony Sadiku has the latest forecast.
CBS News New York's Lonnie Quinn has your First Alert Forecast for January 21 at 11 p.m.
