According to a March 2021 survey, an estimated 2.8 million Americans age 55 and older decided to file for Social Security benefits earlier than they expected because of COVID-19. This was about double the 1.4 million people in the same age group who said they expected to work longer, presumably due to pandemic-related financial losses.
Friday, December 10, 2021
According to the National Insurance Crime Bureau, catalytic converter thefts began to skyrocket during the second half of 2020, and local reports indicate that the trend continued in 2021.
Monday, November 22, 2021
Americans are paying higher prices this year than . Inflation surged 6.2% in October, paced by steep increases in heating fuel, gasoline and food, labor data showed last week.
Monday, November 15, 2021
In March 2021, a digital image by a graphic artist known as Beeple was sold in the form of a nonfungible token, or NFT, for $69.3 million, making him the third-most-valuable living artist. This was the first sale in history by a major auction house of a purely digital work of art that doesn’t exist in physical form.
The COVID-19 economic crisis tested the mettle of all Americans, particularly working mothers. Research shows that the pandemic’s impacts on women have been far-reaching and potentially long-lasting. Now that the U.S. economy is picking up steam, it may be more important than ever for women to re-examine their retirement planning strategies.
Fall is the time when many high school seniors narrow their college lists and start applying to colleges. One question that is often front and center on the minds of families is “how much will it cost?” To help answer that question, you can use a net price calculator, which is available on every college website.
Thursday, October 21, 2021
The average FICO credit score in the United States reached a record high of 711 in 2020, despite the financial challenges of the pandemic. In fact — contrary to what might be expected — consumer debt management improved after January 2020, with shrinking debt, decreased use of credit, and a drop in late payments.
Thursday, October 7, 2021
Cash balance plans are defined benefit plans that share some key characteristics with 401(k) plans, which makes them flexible and appealing to a growing cadre of small employers. In fact, there was a 17% increase in new cash balance plans between 2017 and 2018.
529 plans are a favored way to save for college due to the tax benefits and other advantages they offer when funds are used to pay a beneficiary’s qualified college expenses. Up until now, the FAFSA (Free Application for Federal Student Aid) treated grandparent-owned 529 plans more harshly than parent-owned 529 plans. This will change thanks to the FAFSA Simplification Act that was enacted in December 2020. The new law streamlines the FAFSA and makes changes to the formula that’s used to calculate financial aid eligibility.
Thursday, September 30, 2021
Look around your house. How much do you think you have spent on gadgets and tech subscriptions over the years?
With shiny new gear popping up daily and yet another streaming service there to woo you, it’s hard to stop the flow of cash. I can help. Tap or click for all the best ways to scan without shelling out money for a scanner. You’re welcome.
Lots of quality software is free, too, if you know where to look. Tap or click for 9 free copycats that work like a charm.
Before you pull out your credit card again, read through this list of mistakes that might be costing you cash and easy fixes to spend less ...
Read more at USA Today - 8 min. read
According to a Nationwide survey, 54% of those who haven't started receiving Social Security said they know exactly how to optimize their benefit, but only 6% knew all the factors that determine the maximum benefit someone can receive.
Consider the common mistakes people make ...
Read more at CNBC - 7 min. read
Monday, September 27, 2021
Mark Cuban knows how to be rich and successful, and he isn’t afraid to share his insight. Check out Mark Cuban's advice, so you can learn how to budget money and think like a billionaire.
Read more at yahoo!Finance - 13 min. read
Sunday, September 26, 2021
If it's debt ceiling crisis season, then it's also time for the craziest solution to the problem: Getting President Joe Biden to issue a $1 trillion coin.
Gen Z is growing up, graduating and starting careers amid the pandemic, which has had profound effects on the labor market and the economy at large. As a result, Gen Z is now facing some major financial hurdles unique to this generation.
Saturday, September 25, 2021
As with virtually all financial matters, the easiest way to be successful with a cash management program is to develop a systematic and disciplined approach. Spending a few minutes each week to maintain your cash management program, can help you keep track of how you spend your money and pursue your financial goals.
Recent natural disasters have caused flood damage to many cars. For car owners, that can spell the end of the line for their flood damaged vehicle. For used car buyers, that can be the start of a secondhand rip-off.
Friday, September 24, 2021
During the 12 months ending in June 2021, consumer prices shot up 5.4%, the highest inflation rate since 2008. The annual increase in the Consumer Price Index for All Urban Consumers (CPI-U) — often called headline inflation — was due in part to the “base effect.” This statistical term means the 12-month comparison was based on an unusual low point for prices in the second quarter of 2020, when consumer demand and inflation dropped after the onset of the pandemic.
Tuesday, September 21, 2021
When a big company runs out of money, the basic questions are (1) who gets paid and who doesn't and (2) should the government pay its debts for it? ... "Is this China's Lehman moment?"
Monday, September 20, 2021
Sunday, September 19, 2021
Thursday, September 16, 2021
Wednesday, September 15, 2021
Sunday, September 12, 2021
In July, the president issued an executive order intended to "combat excessive consolidation of industry, abuses of market power, and the harmful effects of monopoly." More than a dozen federal agencies were directed to begin working on 72 initiatives that seek to promote robust competition in the U.S. economy, in some cases through new regulations ...