News and Updates

Financial News: 5 headlines worth reading now

SAC Federal Credit Union always has an eye on breaking financial news, and we’ve put together a collection of articles you’ll want to take a look at. It’s a great way to get tips, expand your financial knowledge, and stay in the know.

In this roundup, holiday spending takes a hit, a reminder to keep an eye out for suspicious email, how personal finance education is changing, and more.The financial news that affects you.

Financial Literacy Education has Real-Life Impact: It’s never too early to start teaching good money management skills. Motivated in large part by the recent economic recession, schools are increasingly adding personal finance lessons to the curriculum.

Scammers Trick Executives With ‘CEO’ Emails: One new development in the realm of phishing emails is the practice of sending communications to employees that purport to be from the “higher-ups.” It’s a good reminder that even the most competent among us can be scammed by legitimate-seeming emails.

401(k) Balances Hit Record $84,300: In some good news, 401(k) retirement savings are trending upward thanks to increased salaries and a strong stock market.

Americans Trimming Their Holiday Spending Plans: U.S. consumers are predicting that they’ll spend $704 on gifts. That’s down from estimates given in October, and it points to a modest increase of 1.7% to 2.4% in spending compared to the 2013 holiday season.

Getting a Grip on Dental Expenses: Dental work is one of those costs you might not figure into your budget, but it’s something that will inevitably come up. Here are some tips for managing your oral health expenses.

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Author SAC FCU Managing Editor

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