The rich get richer and people under 40 get poorer and poorer. At least that is what data from the Federal Reserve is telling us. The wealth distribution by age in America has been a hot topic for years. And…
Retirement. We think about it almost every day. Periodically, we ask ourselves all the hard questions. Are we doing enough to plan for it? How can we make sure our money doesn’t expire before we do? And, most importantly, how…
If life feels more expensive than it used to, that is likely because it is. From home prices; to groceries; to clothing; to buying a new car, everything hits your wallet a lot harder than it used to. Turns out…
Gen Z might catch some flack for being “the TikTok generation”, but it seems like they’re giving good ol’ millennials a run for their money when it comes to thinking about retirement. While the millennials were all about avocado toast,…
We’re not sure how long the Federal Reserve has been tracking wealth distribution data, but we took a look back to the earliest year they have on their website: 1989. Ah yes, 1989, the year Taylor Swift was born. Back…
Most people have heard of tax brackets, but do you really understand how they work? Understanding tax brackets is an important part of one’s personal financial literacy, especially when calculating one’s post-tax income. Even so, a few things in life…
It’s the word that’s on the tip of everyone’s tongue right now: Inflation. Inflation is the dominant storyline of 2022, with consumers feeling the squeeze in their wallets. Inflation isn’t…
Warren Buffett won’t be investing in bitcoin anytime soon. In fact, you could practically gift the legendary investor cryptocurrency and he wouldn’t want it. Buffett’s repudiation of bitcoin came during…
Welcome to Money Talks, a millionaire interview series featuring anonymous millionaires to learn more about how people make money and accumulate wealth. Today’s edition of Money Talks features a man who calls…
The real estate market has been booming in 2021. Home prices in August were up nearly 20%, according to data from S&P CoreLogic Case-Shiller. There were certain cities where house…
Americans added $660 billion in debt during the pandemic, according to personal finance site Money Geek. But Americans were piling on debt before the pandemic as U.S. credit card debt…
According to new data from the Federal Reserve, Gen X is finally getting better with money – both in earning and saving. Generation Xers will be the first to admit…
The pandemic completely changed the way people view the world but did the global crisis change the way people think about retirement? According to a Personal Capital and Kiplinger’s Personal…
For a few months during the height of Covid and mandated shutdowns, the entire country was figuring out a way to pay off a huge chunk of debt. U.S. consumers…
Thanks to low interest rates and high demand fueled by the pandemic, the housing market across the U.S. has been on absolute fire over the past 12 months. This increase…
It’s no secret that the housing market is crazy right now. Inventory is down, prices are up and income requirements from mortgage lenders are stricter than ever, especially in red…
The Federal Reserve’s preferred measure of inflation soared by the fastest rate in 30 years. The personal consumption expenditures price index rose 4.2% year over year in July – the…