May 9, 2024
“Real estate investor, Grant Cardone, issued a warning on May 5th regarding the stock market, posting on X: “WARNING: Stock Market is due for 50% correction taking S&P below 2674. Tens of millions of households will have their retirement & savings… Continue Reading…
August 18, 2023
“…Research by economists at the Federal Reserve Bank of San Francisco found Covid-related savings in the US had fallen to less than $190bn (£149bn) in June. This was down from $2.1 trillion at its peak in August 2021, which was… Continue Reading…
June 23, 2023
“The mortgage crisis will wipe out the savings of 1.2m families this year and push many into insolvency, economists have warned. Households having to remortgage face their bills rising by nearly 50pc, according to the National Institute of Economic and Social Research… Continue Reading…
June 23, 2023
“…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…
May 30, 2023
“Americans have suffered in “declines in overall financial well-being,” according to a new annual Federal Reserve report on economic well-being of U.S. households released last week. Only 63% of all adults can cover an unexpected $400 expense, the report on 2022 found, down from… Continue Reading…
November 1, 2022
“However, a recent Goldman Sachs’ Retirement Survey & Insights Report found that 34% of Millennial respondents report feeling like they’re behind on their retirement savings. The findings are based on responses from 1,566 individuals who responded between July and August 2022. The… Continue Reading…
April 26, 2021
“After learning about the meme cryptocurrency on Reddit, Contessoto says he invested over $180,000 in dogecoin on Feb. 5, when it was priced at about 4.5 cents. Contessoto was intrigued by dogecoin for a few reasons. For one, he loved… Continue Reading…
April 7, 2020
“Ages 20-29 The average 401(k) balance was $11,800 The median 401(k) balance was $4,300 The average contribution rate was 7% of compensation Ages 30-39 The average 401(k) balance was $42,400 The median 401(k) balance was $16,500 The average contribution rate… Continue Reading…
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