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...
Happy New Year! 2024 dawned with the energy of 2023’s end-of-year market rally burning hot, and we’re letting it fuel our focus as we look forward to a year that promises to keep us on our toes. At Archvest, we’re...
A powerful bipartisan duo announced a significant tax deal Tuesday that would combine a temporary expansion of the child tax credit with long-sought provisions for the business world. It’s a deal that faces uncertain prospects of being enacted. But if...
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...
I bond rates surged in 2021 and 2022 as inflation soared, but some investors may now be eyeing the exit as inflation retreats. With variable rates starting to come down, but the fixed rate on the rise, it may make...
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 People’s Bank of China injected nearly $50 billion worth of low-cost funds into policy-oriented banks last month, suggesting the central bank may be ramping up financing for housing and infrastructure projects to support the economy. The outstanding amount of...
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...
The next generation to be retiring has a lot of catching up to do It’s a conundrum of dreams vs. reality. Generation X — born between 1965 and 1980 — say they will need on average $1.1 million in savings...
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...
Inflation is coming down, but not without some twists and turns. Overall inflation eased again in November, as a drop in gasoline prices offset another increase in rent. But an underlying measure that the Federal Reserve watches closely stayed elevated,...
Argentina’s central bank is restricting access to dollars at the official exchange rate until President Javier Milei’s administration announces the first measures of a promised shock-therapy program aimed at eradicating inflation. The monetary authority said Monday morning that the country’s...
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...
