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By Erin El Issa, NerdWallet

The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.

Generation Z is the youngest adult generation in the U.S. today, giving Gen Zers (ages 18-28) ample time to get financially prepared for retirement. But for many, it doesn’t appear to be a priority, at least not yet.

Fewer than 1 in 5 Gen Zers (18%) say they’ve contributed to a retirement account in 2025, according to NerdWallet’s Financial Goals Midyear Check-In Report. This could be attributed to several factors — like a lack of urgency, know-how or extra funds to get started.

But another NerdWallet survey on retirement, conducted online by The Harris Poll, suggests that many Gen Zers may not think they’ll even need retirement savings, and some have trepidation about the U.S. stock market. If this is you, here are a few things to know and tips to get started saving so you can eventually stop working, even if it seems too far away to worry about. read more

By CHRISTOPHER RUGABER, AP Economics Writer

WASHINGTON (AP) — Federal Reserve Governor Lisa Cook has sued the Trump administration in an effort to overturn the president’s attempt to fire her, launching an unprecedented legal battle that could significantly reshape the Fed’s longstanding political independence.

The lawsuit seeks an injunction to block her firing and “confirm her status” as a member of the Fed’s governing board.

The case could become a turning point for the 112-year old Federal Reserve, which was designed by Congress to be insulated from day-to-day political influence. Economists prefer independent central banks because they can more easily take unpopular measures, such as lifting interest rates to combat inflation, than elected officials can.

Many economists worry that if the Fed falls under the control of the White House, it will keep its key interest rate lower than justified by economic fundamentals to satisfy Trump’s demands. That could allow inflation to rise more quickly and could also push up longer-term interest rates, such as those on mortgages and car loans. Investors may demand a higher yield to own bonds to offset greater inflation in the future, pushing up borrowing costs throughout the economy. read more

By CHRISTOPHER RUGABER, Associated Press Economics Writer

WASHINGTON (AP) — Fewer Americans sought unemployment benefits last week as employers appear to be holding onto their workers even as the economy has slowed.

Applications for unemployment benefits for the week ending Aug. 23 dropped 5,000 to 229,000, the Labor Department reported Thursday.

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Measures of the job market are being closely watched on Wall Street and by the Federal Reserve as the most recent government data suggests hiring has slowed sharply since this spring. Job gains have averaged just 35,000 a month in the three months ending in July, barely one-quarter what they were a year ago. read more

By MARI YAMAGUCHI, Associated Press

TOKYO (AP) — Japan’s top trade negotiator abruptly canceled a trip to Washington aimed at issuing a joint statement on a tariffs deal with the Trump administration, as a top government spokesman urged the U.S. side to speed up implementation of the agreement.

Trade envoy Ryosei Akazawa was scheduled to leave Tokyo for Washington on Thursday for a 10th round of talks, following up on the agreement announced on July 22.

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But Chief Cabinet Secretary Yoshimasa Hayashi told reporters some details required further consultations, so the trip was postponed. read more