Personal Finance

Sandi, a resident of the quaint town of Ocean Shores, located two hours west of Olympia, recently sought financial advice on the widely-followed Dave Ramsey Show in a video titled "I'm 70 And Only Have $900 To My Name." Her query revolved around a long-cherished dream to build a detached garage on...

Understanding the average savings account balance in the U.S. can give us a clearer picture of financial health across different demographics.  As of April 2024, the average savings account holds $62,410. That number might seem hard to believe, especially since the average annual salary across...

Should you cut off your adult children financially, even if they struggle in today’s tough economy? Personal finance guru Suze Orman says yes, but it’s a controversial topic sparking debate among parents and financial experts. Don't Miss: The average American couple has saved this much...

More Americans, particularly those aged 50 and older, are growing concerned that they won't be able to make ends meet in retirement. A recent AARP survey confirms this concern by revealing that 1 in 4 people in this demographic have no retirement savings.  Don't Miss: The average American...

Whole Foods founder John Mackey has praised Amazon founder Jeff Bezos for his strategy, making the supermarket chain even more successful. He has also called him a "retail genius." Here's what went down.  Don't Miss: Are you rich? Here’s what Americans think you need to be considered...

Benzinga polled its readers to see what they thought ahead of the June Federal Open Market Committee (FOMC) on Wednesday. "How do you expect this decision to impact the stock market in the short term?" Benzinga asked. Only 31% of respondents believed Wednesday's FOMC decision would have a positive...

A recent survey by the TIAA Institute and the Stanford-based Global Financial Literacy Excellence Center (GFLEC) reveals significant gaps in Americans’ knowledge about retirement essentials like Medicare, Social Security, and workplace savings plans.  The survey, which polled nearly 3,...

As parents, it's instinctual to prioritize the needs and desires of children above all else, often putting their financial demands ahead of personal financial security. However, some financial experts say this is doing more harm than good.  In a piece published on Today a few years ago,...

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: Harte Hanks (NASDAQ: HHS): This data-driven, omnichannel marketing company which offers customer data landscape as well as the executional know-how in database build and management, data analytics, data-driven creativity,...

The idea of achieving greater financial prosperity than one’s parents has long been a cornerstone of the American dream. However, the reality of intergenerational wealth accumulation has been a complex and nuanced journey, with varying experiences across different generations and...

Days Of Our Lives actor Freddie Smith shares his monthly expenses as an Orlando, Florida resident, which total around $7,100 per month. Commenters on his TikTok video almost unanimously agree that this is way too much.  Don't Miss: Are you rich? Here’s what Americans think you need to...

For many, retirement is something to look forward to and having a stable retirement means choosing your retirement destination wisely. The state or city you choose to settle in for your golden years should be a place that offers you the best cost of living and quality of life for your retirement...

When managing significant wealth, maintaining cash on hand is a crucial strategy. High-net-worth individuals (HNWIs), defined as those with at least $1 million in liquid financial assets, often keep a portion of their portfolio in cash. This approach ensures liquidity and addresses short-term needs...

The Mega Millions jackpot hit $1.1 billion in March 2024, becoming the fifth-largest jackpot ever. The last two billion-dollar jackpots were in 2023; there was one each in 2022, 2021, and 2018.  More frequent billion-dollar winnings raise the question: Which payout option is better? Cash or...

Inflation is a pressing issue for all U.S. citizens, but retirees are more likely to bear the brunt. If Joe Biden's tax hike proposal is greenlit, the financial struggle for citizens, particularly retirees, could intensify. Here's a breakdown of how Biden's proposed tax hikes could impact your...