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Economy, Personal Finance

“About 45% of Americans will run out of money in retirement…”

“…The model, run by Morningstar’s Center for Retirement and Policy Studies, showed that the risk is higher for single women, who had a 55% chance of running out of money versus 40% for single men and 41% for couples. The… Continue Reading…

Personal Finance, Predictions, Opinions, & Comments

Effective Tips to Stay on Track with Your Finances

Written By Tina Martin Financial stability is a goal many strive for, yet it often feels elusive. However,with deliberate planning and disciplined habits, it’s attainable for everyone. Bytaking control of your finances, making informed decisions, and adoptingconsistent strategies, you can… Continue Reading…

Personal Finance, Predictions, Opinions, & Comments

Practicing Vigilance: Shielding Your Finances in Senior Years

Written By: Jillian Day In an era where financial predators constantly devise new schemes, staying onestep ahead is paramount, especially for seniors. Awareness and vigilance areyour armor in this ongoing battle against fraud. Recognizing the importance ofprotecting your financial health… Continue Reading…

Economy, Personal Finance

“The “American Dream” costs far more than most people will earn over their lifetime”

“The “American Dream” costs about $3.4 million to achieve over the course of a lifetime, from getting married to saving for retirement, according to a recent analysis from financial site Investopedia. Meanwhile, median lifetime earnings for the typical U.S. worker stand at $1.7… Continue Reading…

Economy, Personal Finance

“28% of Americans Think They’ll Be Stuck Having to Live Frugally in Retirement…”

“…As such, it’s not that surprising to learn that 28% of workers today think they’ll have no choice but to live frugally as retirees, according to data from Natixis…” https://finance.yahoo.com/news/28-americans-think-theyll-stuck-121800115.html Listen, if you are a millennial do not expect social security to… Continue Reading…

Personal Finance

“57% of people are uncomfortable with their level of emergency savings. Here’s how much they think they need”

“…But when it comes to emergency savings, more than half of Americans — 57% — are uncomfortable with the level of money they have set aside, according to a new Bankrate survey… To feel comfortable with their amount of cash… Continue Reading…

Economy, Personal Finance

“Credit card debt is at an all-time high, putting households near ‘breaking point,’ study shows”

“More consumers are leaning on credit cards to afford increasingly expensive necessities such as food and rent. That helped propel total credit card debt to a record $930.6 billion at the end of 2022, an 18.5% spike from a year… Continue Reading…

Economy, Personal Finance

“68% of Americans couldn’t cover their living expenses for even a month if they lost their job, survey finds. The good news? Now is the best time in years to fix that.”

“Recession — and layoff — fears loom large over many households. Nearly half of U.S. adults feel the country is already in a recession, a Morning Consult report found. Economists say the chance of a recession in the next 12… Continue Reading…

Personal Finance

“60% of Americans live paycheck to paycheck — ‘inflation is part of their everyday lives,’ expert says”

“Despite higher prices, consumers are still spending, although not as much as a year ago, which is giving their budgets some breathing room. As of January, 60% of all U.S. adults, including 45% of high-income earners, were living paycheck to paycheck, according… Continue Reading…

Personal Finance

“55% of Americans are behind on saving…”

“Around 55% of Americans say they’re behind on saving for retirement, a recent Bankrate survey found… But many Americans aren’t meeting those milestones. Those between 25 and 34 have median 401(k) balances of just over $14,000, per a report by investment firm Vanguard.… Continue Reading…