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Sometimes it feels as though we don’t learn from our past financial mistakes. Back in 2008, as a contributor to the recession, consumer debt reached a record high of $12.68 trillion. As of the end of the second quarter in 2019, Americans surpassed that number by $1.2 trillion; we now…
The baby boom generation is the demographic engine that has driven U.S. economic growth over the past 50 years. But now, as boomers work less, spend less, retire and draw on retirement funds, that baton is being handed over to Generation X and millennials. The economy is fueled by consumer…
One issue sure to ignite the 2020 election year is the future of health care in America. As Congress resumes its session this fall, legislators on both sides of the aisle are anxious to pass health-care-related bills to gain positive campaign traction. Popular proposals include legislation to lower prescription drug…
We frequently hear about the various effects of climate change and how they can be mitigated. It often feels as though households and companies must make significant sacrifices to undo a lot of the damage that’s been done. However, there also are many positive benefits that can come from making…
The Federal Reserve’s Federal Open Market Committee (FOMC) evaluates a plethora of factors before making any monetary policy decisions at meetings, which generally take place eight times a year. One source that helps inform their policy decisions is the “Beige Book,” which is the informal name for the FOMC’s “Summary…
As we head into the election year, health care continues to be one of the driving political issues. The wide array of 2020 Democratic presidential candidates have so far proposed several new health care plan variations. But is there a one-size-fits-all solution for health care in America? The Patient Protection…
If you live in or have recently visited one of America’s larger cities, you may have noticed that the homeless problem has grown in recent years. A 2018 analysis by real estate data company Zillow showed that while the level of homelessness has declined nationally — down 13 percent over…
The Federal Reserve recently reported that four out of 10 American adults surveyed said they would struggle to pay for an unexpected expense of $400 or more.1 This revelation goes against the common financial advice urging adults to have three to six months of expenses saved in an accessible account…
Whether you’ve been together for decades, or you’re a brand-new couple, certain issues tend to plague nearly all romantic pairings. In particular, money has been cited as the leading cause in 22 percent of all divorces, and financial issues are one of the top three factors behind breakups*. No one…
Tax season is an especially busy time for accountants, but unfortunately, it’s also a prime time for con artists. Tax refunds are some of their favorite “meat”, and they’re out hunting! As you get ready to file your federal income tax return, be on guard against these five common tax…