In The News: Department of Finance
Remember the toilet paper crisis in April 2020? Not only was toilet paper hard to find, but even if you did find a few rolls, the price probably had quadrupled. While busy contemplating how to do our daily business without toilet paper, the entire nation also felt bewildered. How could this have happened?
As revolving credit card debt and high financing costs persist, experts are raising doubts about whether credit can keep bridging the gap between growing, but not momentous, income growth and aspirational spending.
Markets love certainty, the axiom holds, and this presidential election offers little of it.
Now is the time to master your money, April is Financial Literacy Month, underscoring the value of financial education in a rapidly evolving economy. Whether you just started earning money or have been earning money for a long time, there is always an opportunity to reflect upon your spending and gradually improve your financial health. It starts with what you know.
When my kids were little, we would occasionally give them a few dollars as a reward. They would put the money in their pocket, then take it out and stare at it, then put it back into the pocket, and repeat. They clutched the money so tight for so long, it became a crumpled paper ball. They imagined the candies and toys they could buy and couldn’t wait to spend the money. Money burned a hole in their pocket. Most kids are like that. But many adults are like that, too! Why is saving money is so hard? How come the desire to spend is so unquenchable?
Now is the time to master your money, April is Financial Literacy Month, underscoring the value of financial education in a rapidly evolving economy. Whether you just started earning money or have been earning money for a long time, there is always an opportunity to reflect upon your spending and gradually improve your financial health. It starts with what you know.
What is the biggest mistake people make when using personal loans to consolidate credit card debt?
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Student loans, housing and ever-increasing inflation are just a few of the fiscal challenges facing college students nationwide, and a new UNLV initiative has aimed itself at helping students weather the financial storm.
Physical and mental health are important to our overall well being. ...but what about financial health? Our next guest says it’s simply math, not magic.
The financial preparedness of new generations of adults in the United States has steadily declined since Generation X—the age group that preceded millennials—first came onto the scene, says Matt Bees, a Las Vegas-based senior financial adviser at Wells Fargo.
I am an optimistic person living in a sunny state, yet I’m going to start this with some gloomy numbers: 40% of Americans cannot come up with $400 emergency cash; the average American couple only has $5,000 put away for retirement; only a third of working Americans are saving money in an employer-sponsored or tax-deferred retirement account. This list can go on for very long.