Only about 25% of homeowners know their mortgage rate, according to a recent survey from Bankrate, while more than half of people with credit card debt don’t know the interest rate they’re paying on their balances, a 2018 CreditCards.com survey found. If you don’t know your interest rates, you don’t know how much you’re really […]
Many entrepreneurs have a background in finance and investing, which certainly comes in handy while growing a business from the ground up. However, others do not have that background, and in worrisome economic times like these, that lack of financial literacy may be a burden on your business. If you’re in need of a financial […]
Social Security is one of the most important entitlement programs in U.S. history, and it’s in dire financial trouble. Both current and future retirees need to pay attention to the newest trustees report because it’s clear that action needs to be taken soon to avoid a disastrous benefits cut within 15 years. Here’s what you […]
Read the news, and you’ll see staggering numbers on the jobless front. The unemployment rate reached an all-time high of 14.7% in April, and while employees of all ages have been impacted by the COVID-19 crisis, older workers have been hurt to an alarming degree. In April, the unemployment rate among workers aged 55 and […]
Are you ready to retire? You might be looking forward to saying goodbye to the 40-hour work week, but financial readiness is a different thing. In truth, living without a paycheck requires more than some money in the bank and the ability to cash Social Security checks. You also need to have the right financial […]
As of May 1, 2020, 30 million Americans have filed initial unemployment claims. That number is only expected to rise as businesses continue to furlough and lay off workers as a direct result of the coronavirus pandemic. During this spike in joblessness claims, many people may be considering alternative sources of financing to help themselves stay afloat. Aside […]
As the country starts to reopen its economy amid the coronavirus pandemic, Americans of all ages are still trying to figure out the path forward. Many have lost income, may be struggling with a small business or are dealing with child-care issues. But those in their 40s, the younger end of Generation X, have their […]
The U.S. economy stalled out in a big way in March and April of this year, as whole communities shut down to contain the spread of COVID-19. But now that stay-in-place orders are being loosened or lifted entirely, we may be headed for better economic times soon. A shift to a more stable economy would […]
More cooking at home means more grocery store trips. But have you recently looked down at your grocery store receipt and thought, “Ouch, that’s expensive!” You are not alone. Grocery store food prices are spiking, big time. The U.S. Department of Labor said eggs and meat prices spiked 4.3 percent, cereals and bakery goods went […]
The coronavirus pandemic has thrown tens of millions of people into financial turmoil. But not everyone is feeling the pinch. Not yet, at least. Roughly a quarter of Americans (24%) said the coronavirus crisis has not impacted their financial situation, according to a survey conducted April 10-12 by J.D. Power. But that figure could change […]
In the Federal Reserve’s latest Report on the Economic Well-Being of US Households, only 36% of non-retired adults felt like their retirement savings were on track. That means a whopping 64% of working adults are worried that they’re falling behind. Perhaps you also have concerns that, at your current savings rate, you won’t have enough […]
As the coronavirus crisis continues to take over the economy, most households are working on limited resources. Maybe you’ve lost your job like millions of other Americans. You might be facing reduced hours or caring for children or older relatives in a full-time capacity. With so many different circumstances, it can be difficult to take […]
