Bank of America is closing in on its objective of paying its U.S. workers a minimum of $25 an hour by 2025, increasing its base wage to within a buck of that goal starting in October. The step represents an increase from a $23 hourly rate set last September, the Charlotte, North Carolina-based bank said Tuesday. The $1 hourly boost, …

A million bucks isn’t what it used to be. Just ask American millionaires, a number of whom say they don’t even consider themselves wealthy. To be sure, how far $1 million takes you can depend on a number of factors, including where you live and whether or not you support dependents. But the rest, apparently, is subjective. Only one-third of …

After years of persistent inflation, the inflation rate has been dropping over the last few months — and the job market has taken a downward turn, too. Those changes have had a positive impact on the wider rate environment, but it may still be tough to find an affordable borrowing option right now. After all, the Federal Reserve’s benchmark rate …