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Economy, Personal Finance

“The wealthiest 10% of Americans own a record 89% of all U.S. stocks”

“The wealthiest 10% of Americans now own 89% of all U.S. stocks, a record high that highlights the stock market’s role in increasing wealth inequality. The top 1% gained over $6.5 trillion in corporate equities and mutual fund wealth during the Covid-19… Continue Reading…

Economy, Personal Finance

“Survey Reveals 64% of Americans Might Retire Broke”

“EDITOR NOTE: Thinking you may retire broke is one of the scariest thoughts a person can have. Even more terrifying is that a new survey says that 64% of Americans likely will walk away from years of hard work with… Continue Reading…

Business, Economy

“Why Are So Many Americans Leaving Their Jobs Right Now?”

“A Microsoft survey of more than 30,000 global workers showed that 41% of workers were considering quitting or changing professions this year. Among all sectors, retail has had the most resignations. Almost 650,000 retail workers quit just in April, according… Continue Reading…

Economy

“Millions of Americans will lose unemployment benefits this weekend”

“…Congress authorized a historic expansion of the country’s safety net for jobless individuals in March 2020 to manage the fallout of the Covid-fueled economic downturn. Lawmakers twice extended those temporary expansions, which increased the number of people eligible for unemployment… Continue Reading…

Economy, Real Estate

“Nearly half of Americans selling their homes don’t plan to buy another: Here’s what they’re doing instead”

“The housing market is red-hot and showing few signs of slowing down. Home prices were at a median $386,888 in June, according to Redfin, up 24% since last June. And demand is high: The average house lasted just 14 days on the market,… Continue Reading…

Personal Finance

“Almost half of Americans are willing to take on debt in a post-pandemic spending splurge, survey finds”

“Americans are ready to start spending money to treat themselves — and 44% are willing to go into debt to do it, a report from CreditCards.com finds. Millennials, ages 24-40, are most likely to take on more debt (59%) followed by Gen… Continue Reading…

Economy, Personal Finance

“Bill payments jump 30% as Americans use $1,400 stimulus checks to cover household expenses”

“There was a 30% month-over-month increase in the number of payments made to pay household bills from March 17 to March 21, according to the latest research from bill pay service doxo. During that same weeklong time frame, the total amount paid… Continue Reading…

Personal Finance

“Americans Got Richer in 2020. Here Are 5 Charts Showing Who Benefited—and How.”

“Gross domestic product fell by 2.4% between the end of 2019 and the end of 2020, with roughly 10 million fewer people in jobs at the end of last year than before the pandemic. Yet the average American household was… Continue Reading…

Personal Finance, Predictions, Opinions, & Comments

“Americans racked up $1,300 in holiday debt on average: How to get back on track in the new year”

“Use cash, not credit… Pick a debt repayment strategy…Consolidate balances…Make a post-holiday budget…” https://grow.acorns.com/2020-holiday-debt/ Those are the 4 tips. The link goes into further detail. Click the link if you want to know more. I have something important I want… Continue Reading…

Economy

“Almost 40% of Americans plan to spend less this holiday season…”

“Almost 40% of Americans plan to spend less on gifts this holiday season than they did last year, the largest such percentage since 2013, according to the CNBC All-America Economic Survey. Just 11% plan to spend more… The average American plans… Continue Reading…