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Slammed by critics for being slow to respond to mounting price pressures, the Federal Reserve has unleashed the most aggressive tightening campaign since the 1980s.

Administrative costs account for 15% to 30% of U.S. health care spending – and at least half of that spending is wasteful. Researchers note that not all administrative spending is wasteful, making a distinction between spending and waste.

From more immediate financial help, like credit advice and childcare services, to personalized investment guidance from a professional, employers can now give employees what they want (and boost retention too).

The bill's sponsors estimate a modest diversification into "alts," including real estate and private equity, could boost 401(k) performance by 17% a year and cut losses in a recession.

Leaving behind a forgotten 401(k) account has the potential to cost an employee almost $700,000 in foregone retirement savings over a lifetime.

While the inflation-fueled increase is much-needed for retirees, some experts say it is still inadequate in light of skyrocketing housing and health care costs.