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Personal Finance

“Lack of financial literacy cost 15% of adults at least $10,000 in 2022. Here’s how the rest fared”

“A report from the National Financial Educators Council shows that 38% of individuals in a recent survey said their lack of financial literacy cost them at least $500 in 2022, including 15% who said it set them back by $10,000… Continue Reading…

Economy

“More than two-thirds of Americans’ financial situation did not improve or stayed the same in 2022…”

“This year has stressed the finances of many Americans. According to a recent Credit Karma study, 68% of American adults said their finances either didn’t improve or stayed the same in 2022. The most common financial mistake cited by the study’s respondents was not saving… Continue Reading…

Real Estate

“Mortgage demand plunges 13.2% to end 2022, as interest rates head higher again”

“…Mortgage application volume was down 13.2% at the end of last week from two weeks earlier, according to the Mortgage Bankers Association’s seasonally adjusted index. The MBA was closed last week due to the holidays. The average contract interest rate… Continue Reading…

Business

“Tech stocks got whacked in 2022 — but one server maker soared almost 90%, beating all its peers”

“It’s been a brutal year for tech stocks. The Nasdaq is headed for its worst slump since 2008 and is poised to underperform the S&P 500 for a second straight year. Among mega-cap tech stocks, Amazon, Meta and Tesla have each lost at least half their value.… Continue Reading…

Economy

“Average Social Security retirement benefit fell short by 46% in 2022. Here are the costs that went up the most”

“…Even as a 5.9% cost-of-living adjustment went into effect in January, the record high annual benefit increase still fell short, according to new research from The Senior Citizens League. The average retiree benefit increased to $1,656.30 in 2022 from $1,564 in 2021… Continue Reading…

Economy

“40% of households will pay no federal income tax this year…”

“…Some 72.5 million households or 40% of households will pay no federal income tax this year, down from the pre-pandemic high of 60% two years ago, according to new estimates from the Tax Policy Center. In 2021, nearly 56% of… Continue Reading…

Business

“Rivian says it’s on pace to meet 2022 goals after production grew 67% in the third quarter”

“Electric vehicle maker Rivian Automotive said Monday that it produced over 7,000 vehicles in the third quarter, its highest quarterly total to date. The company also confirmed that it remains on track to produce 25,000 vehicles in 2022. Shares of Rivian were… Continue Reading…

Economy

“2 in 5 Americans say inflation will change their holiday shopping habits this year…”

“…According to a recent survey conducted by Bankrate, two out of five (40%) survey respondents said inflation will change the way they shop for the holidays this year. Recent results from the U.S. Bureau of Labor Statistics’ Consumer Price Index Summary also showed… Continue Reading…

Economy

“$4,408,452,000,000: Federal Tax Collections Set Record Through August”

“…The federal government collected a record $4,408,452,000,000 in total taxes in the first eleven months of fiscal 2022 (October through August), according to the Monthly Treasury Statement. That was up $525,658,170,000—or 13.5 percent–from the then-record $3,882,793,830,000 (in constant August 2022 dollars)… Continue Reading…

Stocks

“Analysts Say These 3 Stocks Are Their Top Picks for the Rest of 2022”

“TechnipFMC Plc (FTI) …This player in the energy industry supporting cast has 4 recent analyst reviews on record, and they are unanimous that this is a stock to Buy, backing up the Strong Buy consensus rating. The shares are trading for… Continue Reading…