Guiding the Way to Financial Freedom
Younger generations in the US may not yet understand how much retirement expectations are changing with the economy, according to recent surveys. Economic Turbulence Millennials, who are between 28 and 44 years old, have faced a lot of financial strife as a generation, including recessions, housing crises, and a pandemic that temporarily shut the whole … Read more
Newly released data from the Federal Trade Commission (FTC) shows that scams are a big problem in the U.S. According to the FTC, Americans lost a massive $10 billion to fraud last year, up more than 14% on 2022. Let’s take a look at their findings and see which states are the most scammed. Advanced … Read more
The world of billionaires is volatile and subject to rapid changes in fortune. From market crashes to poor investments and changing business landscapes, various factors can cause even the wealthiest individuals to lose their billionaire status. What leads to such dramatic financial reversals, and how do these former billionaires cope with their new realities? #1. … Read more
Financial analyst Gary Shilling had some tough words for people across the nation this week, with a dire warning about America’s tardy economy. Expert’s Warning Despite the Biden administration repeatedly touting the strength of the economy, one expert strongly disagrees – Gary Shilling. Gary Shilling Predicts Recession Ahead In an interview with Newsweek, Shilling claimed … Read more
Washington has gone back and forth over sanctions on Chinese financial institutions, but the Treasury Secretary has shared that no moves are being made just yet. Talk of Sanctions In recent days, the possibility of U.S. sanctions against Chinese banks has loomed over the global marketplace. On Thursday, U.S. Treasury Secretary Janet Yellen clarified the … Read more
Sometimes, what’s trending as a sure investment or collectible fizzles out, leaving many to wonder why they jumped on the bandwagon in the first place. Ever wondered about those items that were all the rage but now barely fetch a dime at a garage sale? #1. Beanie Babies Once believed to be a solid investment, … Read more
Deciding whether to use a credit union or bank can be a tricky process, but knowing what features are important to you in a financial institution is a great place to start. Considering Your Options If you’ve ever wondered whether banks or credit unions are a better fit for your money, it’s a good idea … Read more
Drinking habits are having an unprecedented effect on the younger generation’s financial health and vice versa, according to several new studies. Alcohol to Blame According to a new report by online lending marketplace LendingTree, Gen Z are increasingly blaming their drinking habits for their financial struggles, saying that drinking too much alcohol is stunting their … Read more
Rising healthcare costs and the burden of medical debt are not just straining personal finances. They’re impacting health outcomes and quality of life. According to the Commonwealth Fund’s Health Care Affordability Survey, Americans owe $88 million in medical debt. Healthcare Affordability Enters Crisis Stage As Americans grapple with these challenges, healthcare affordability is now a … Read more
The Federal Reserve’s internal watchdog has concluded a lengthy investigation, clearing two former policymakers, Robert Kaplan and Eric Rosengren, of legal wrongdoing in their 2020 personal trading activities. A Thorough Examination Unveiled The report revealed that Robert Kaplan, then president of the Dallas Fed, executed multiple transactions exceeding $1 million during the onset of the … Read more