The mood was practically giddy when the heads of two regional banks hosted a town hall in the spring of 2021. The industry’s long drought in mergers was ending, and two lenders below the public’s radar, New York Community Bancorp...
Tech ETFs saw massive inflows of over $17 billion last year, according to VettaFi. However, Financial Futurist Dave Nadig, says many are “overdone” in mega-caps like Nvidia (NVDA) and Meta (META) which drive gains. He warns of “concentration risks,” noting...
There’s no better time than at the start of a new year to clean up your finances and boost your net worth. When it comes to managing money, nobody’s perfect. Many succumb to lifestyle creep and spend more than they...
A top question on the minds of investors and consumers alike is when might the Federal Reserve make its first interest rate cut after two years of rapid hikes, which have sent mortgage and credit card rates soaring. But after...
With inflation impacting budgets, many are seeking ways to manage their expenses effectively. The 2022 Consumer Expenditure Survey by the Bureau of Labor Statistics reveals that the average American household’s monthly expenses total approximately $6,081, equating to $72,967 annually. This...
Consumer expectations for euro-zone inflation fell to the lowest in more than 1 1/2 years in November — supporting markets’ view that interest-rate cuts by the European Central Bank could soon be in the offing. Expectations for the next year...
In the United States, the concept of being rich is often a subject of discussion, curiosity and, sometimes, aspiration. Charles Schwab’s 2023 Modern Wealth Survey provides insights into this topic, revealing that the average American equates being wealthy with a...
The long-awaited simplified Free Application for Federal Student Aid (FAFSA) form to request financial help for the 2024-25 year is finally here — though it may not have seemed like it for millions of Americans over the long New Year’s...
The economic landscape in the United States presents a challenging scenario for Americans nearing retirement. The convergence of inflation, high interest rates and an unpredictable stock market has significantly impacted retirement plans. Despite a decrease in inflation, concerns about income...
Student loan forgiveness was struck down last summer by the Supreme Court. But all hope for debt relief isn’t lost. Nearly 44 million Americans held student loans valued at more than $1.6 trillion at the end of March, according to...
One of the nice things about 401(k) plans is that they come with very generous annual contribution limits. This allows savers to sock away a nice amount of money for retirement and, at least in the case of a traditional...
Having enough cash to cover the bills must be job one when it comes to retirement savings. Yet, the retirement gap − the risk of not having enough money throughout retirement to cover typical spending − is widest among late...
Workers have received big raises during the last couple of years, but that may fade soon amid economic uncertainty, according to a survey released Monday. Nearly half (49%) of 600 business leaders surveyed this month by ResumeBuilder.com said they won’t...
Christmas came early (again) this year for many taxpayers and tax professionals. The IRS has announced that it would (again) delay the new $600 Form 1099-K reporting threshold for third-party settlement organizations. Here’s what you need to know. The IRS...
How much you pay to a real estate agent to buy or sell a home is likely to go down after a victory for consumers in a federal trial in Missouri earlier this week. A jury in a case against...
