Married men sit on the top of the wage ladder. The wages of married men far surpass those of all of those groups. They exceed $80,000 per year by their peak earning years, while all the other groups barely graze $50,000 per year, according to data from the University of Minnesota and IPUMS-USA, a database […]
The Federal Aviation Administration is about to set rules regarding how small airplane seats are allowed to be, but it may not be good news for consumers. A bill released over the weekend includes a provision directing the FAA to set minimums for leg room and the width and length of commercial airline seats. The […]
You need life insurance if your death would hurt anyone financially. For many people, one policy is enough. But for some, two or more make sense. Your needs should drive the number and type of policies you buy. How many can you buy? You can own multiple policies from different companies. But when you apply, […]
With the cost of weddings skyrocketing, couples are turning to alternative methods to pay for their big day. Nearly three-quarters of couples planned to take on debt for their nuptials, according to a Student Loan Hero survey, and 61% said they planned to use credit cards to cover some of their expenses. Using a credit […]
Many workers who wish to save for retirement have access to a 401(k) plan through their jobs. But if you don’t have that option, you can always revert to the good old IRA. IRAs are available in two main varieties: the traditional and the Roth. Both come with the same annual contribution limits, which are […]
The more confidence you exude at work, the more your colleagues are likely to respect you. Not only that, but when you come off as confident, your manager is more likely to trust that you’re capable of even the most challenging tasks. That’s why it pays to take steps to build your confidence as an […]
Last week, my colleague and personal finance expert Dan Caplinger reported that Social Security recipients likely will have something to celebrate come 2019. By his analysis, seniors who collect benefits are looking at anywhere from a 2.5% to 3% boost in their monthly payments. That’s an improvement over the 2% increase seniors saw going into […]
As of 2015, there were roughly 65 million people receiving Social Security benefits, according to the Social Security Administration. And of those 65 million, over 60% say their benefits make up at least half of their income. That shouldn’t come as any surprise, as the average American is woefully unprepared for retirement. In fact, one […]
Retirement can be a period of enjoyment and fulfillment, provided you’re smart about how you spend and manage your money during it. If you want to make the most of retirement while avoiding the financial stress so many seniors face, here are three habits to get into early on. 1. Following a budget Maybe you […]
With the school season starting again, education is job number one for students and parents alike. A proper education includes an education in personal finance, and one of the best ways to start is to learn how to protect yourself against scams. You can and should learn fast, too, because scams can become more common […]
These days, a growing number of companies are allowing their employees to work more flexibly, whether that means setting up shop at home and telecommuting or establishing their own working hours. Of course, it’s one thing for a large firm to offer flexible arrangements, but when you’re running a small business, it’s not as easy. […]
While money doesn’t buy happiness, understanding finances is key to owning a home, starting a business, raising happy children, and being independent. When people struggle to understand their personal finance, they struggle to achieve, to live and be successful. By providing personal financial education in high schools and in underserved communities, people can be empowered […]
